Global Insulation Market - Overview
The global insulation material market is expected to witness
moderate growth over the forecast period. The growth of building insulation
material market is influenced by increased consumption in Asia, increasing FDI
in construction, supportive government regulations on building insulations, and
supportive government regulations & initiatives to promote construction.
Fluctuation in raw material prices and unavailability of skilled labor hinder
the growth of the market.
Market Research Future published a half cooked
research report on “Global Insulation Market Research Report - Forecast to
2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Huntsman
Corporation, Knauf Gips, Owens Corning, CertainTeed Corporation, Johns
Manville, Bayer AG, Atlas Roofing Corporation, Dow Building Solutions, Nova
Chemicals Corporation, GAF Materials and others are some of the prominent
players at the forefront of competition in the global Insulation market and are
profiled in MRFR Analysis.
The rise in FDI inflows was more prominent in developed economies,
which received USD 962 billion in 2015, i.e. 84% more than in 2014. The
Asia-Pacific region continued to receive a significant amount of FDI inflows,
totaling USD 559 billion in 2015, an increase of 5.6% over 2014 level. The FDI
inflows in construction in Asia-pacific region has led to increased
construction projects and real-estate development. This would induce the demand
for insulation in the construction scto in Asia Pacific region.
There are various organizations and departments across the globe
that govern the application of insulation in the construction. This induces the
market of building insulation material on a global level. In the U.S., bodies
such as The American Society of Heating, Refrigerating, and Air-Conditioning
Engineers (ASHRAE) Standard 90.1 Energy Standard for Buildings Except Low-Rise
Residential Buildings provides minimum requirements for the energy-efficient
design of commercial and high-rise residential buildings. ASHRAE 90.12 is a
consensus standard that provides minimum requirements for the design of
energy-efficient buildings. Such regulations has spiked the demand for building
insulation material across the globe.
Insulation acts as a barrier to heat loss and heat gain,
particularly in roofs, ceilings, walls and floors. Insulation in any building
provides resistance to heat flow and lowers the heating and cooling costs. In
addition, insulation may reduce condensation in the home. This can provide
health benefits by reducing mould and damp. This would drive the market for
insulation.
Global Insulation Market - Competitive Analysis
The key players adopted various strategies to retain and/or expand their market share. The key strategies followed by most companies within the global building insulation material market were expansion followed by the product development. Extensive growth in building insulation material market has brought to light that companies are investing heavily in expanding its presence across borders. The increasing demand and private construction has led to investment by manufacturers to expand the market share and brand name. Thus the next strategy followed by the companies is product development. It is a key strategy adopted to expand their product portfolio and meet expanding customer base. The market is governed by favourable government regulations pushing the use of insulation in the construction to balance the energy conservation.
BASF has resorted to securing its position in Europe market
remains as one of the key strategies along with its expansion plans in North
America, Asia, South America, Eastern Europe, and the Middle East.
On the other hand, Owens also believe that the geographic, product
and channel mix of their portfolio may continue to moderate the impact of any
demand-driven variability associated with United States new construction.
Furthermore increasing R&D expenses since FY2014 shows the focus of the
company on the product development and innovation. It made an expenditure of
USD 82 million in FY2016 as compared to USD 73 million in FY2015 in R&D.
Paroc Group has made various capital investments for the financial
period 2016 in order to upgrade the capacity and expand the Polish factory that
was completed in 2016. Furthermore investments were also made on new packing
end equipment for Lithuanian factory.
Global
Insulation Market - Segments
Global Insulation Market
Forecast is segmented in to 3 Key dynamics for an easy grasp and
enhanced understanding.
Segmentation by Material: Comprises – Fiberglass, Plastic fibers, Mineral Wool,
Natural fibers and others
Segmentation by
Application:
Comprises – Residential, and Non-residential
Segmentation
by Regions: Comprises
Geographical regions - North America, Europe, APAC and Rest of the World
Global
Insulation Market - Regional Analysis
North America is the second largest region for the building
insulation material market. The North America building insulation material
market is driven by various factors such as consumer preference for green
buildings and sustained investments in commercial real estate. In North
America, U.S. is the largest market for the modular construction. It accounted
for the largest market share in 2016. In the past few years, the annual value
of construction in U.S. had been increasing continuously. Strong development in
commercial and residential structures in the U.S., is projected to fuel the
demand for insulation in the construction market in the region.
Key Players:
Ø
Huntsman
Corporation
Ø
Knauf
Gips
Ø
Owens
Corning
Ø
CertainTeed
Corporation
Ø
Johns
Manville
Ø
Bayer
AG
Ø
Atlas
Roofing Corporation
Ø
Dow
Building Solutions
Ø
Nova
Chemicals Corporation,
Ø
GAF
Materials
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