Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Insulation Materials Market Projected to Witness Vigorous Expansion by 2026

Author: Priyanka Thakare
by Priyanka Thakare
Posted: Mar 30, 2019

The global market for insulation materials has been witnessing expansion owing to the rising demand for these materials in industries such as automotive, aerospace, and building and construction. In order to achieve additional market share, companies in various regions have started adopting several product strategies. Some of the key players in the global insulation materials include Covestro AG, BASF SE, Huntsman Intl LLC, DowDuPont, Owens Corning, Evonik Industries, Johns Manville, bridgestone, and Atlas Roofing Corp. among others.

The insulation materials global market was valued at US$65 million in the year 2017. The global market is anticipated to grow at a strong 8% CAGR during the forecast period 2018-2026. As per segment, the fiberglass material is expected to dominate and propel the demand of the insulation materials market in the coming years. In terms of type, blanket insulation and foam boards are widely used in the insulation materials market. As per application, building and construction industry is anticipated to lead the global market for insulation materials in the forthcoming years. According to regions, Asia Pacific is likely to grow and offer huge growth opportunities owing to increasing activities in building and construction sector. The Middle East and Africa is predicted to grow steadily over the forecast period.

Insulation is one of the most important technologies for reducing energy consumption in residential and commercial buildings. It acts as a barrier between cold and warm by ensuring that your complexes are cool in summer and warm in winter. The different materials used in insulation serve only one purpose and that is to provide eco-friendly environment and consume energy.

Government Initiatives and Introduction of Green Building to Augment the Market Growth

The government of U.S has taken some initiatives for accelerating the demand of insulation materials market. Promotion of thermal insulation by U.S government in households with low-income are expected to boost the growth of this market. The U.S government with the help of federal funding has been successful in doing so. In addition to this, there are sufficient funds available for the development of phenolic foams, which in turn is estimated to propel the growth of insulation materials market within the forecast period. Fiberglass is one of the most unique insulation materials that are generally used in duct and rigid board insulation. Fiberglass is expected to offer attractive growth opportunities as it is a low-priced form of insulation. Also, with the rising demand for applications in insulation materials among sectors such as aerospace, automotive, and construction and building are likely to raise demand for this global market. Some essential features linked with superior performance of green building incorporating rising property values, inhabitants comfort, materials durability, and better energy efficiency has surged the preference of best processes in building and construction industry. Few of the best practices include air barriers, huge and seamless roofing systems, and better insulation systems. These features and best practices are likely to boost the building and construction sector which in turn, is foreseen to offer growth opportunities in the next coming years.

Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=47280

The information presented in this review is based on a Transparency Market Research report, titled, "Insulation Materials Market (Material – Mineral Wool, Polyurethane Foam, Polyethylene, Polyisocyanurate, Polystyrene, Fiberglass, Cellulose; Type – Blanket Insulation, Concrete Block Insulation, Foam Board, Insulating Concrete Form, Loose-fill Insulation, Radiant Barriers, Rigid Fiber Board Insulation, Spray Foam Insulation, Structural Insulated Panels; Application – Automotive, Aerospace, Marine, Electronic Appliances, Building and Construction, Clothing, Oil and Gas, Furniture, Packaging) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026."

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:

Transparency Market Research

90 State Street,

Suite 700,

Albany

NY – 12207

United States

Tel: +1-518-618-1030

USA – Canada Toll Free 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

About the Author

As SEO Analyst in Research Moz my primary responsibilities are SEO, Website Optimization, Digital Marketing and Lead Generation.

Rate this Article
Leave a Comment
Author Thumbnail
I Agree:
Comment 
Pictures
Author: Priyanka Thakare

Priyanka Thakare

Member since: Dec 11, 2018
Published articles: 848

Related Articles