Market Overview:
Insulation is required for building purposes as
they serve a variety of reasons. Market Research Future, a firm which
specializes in market reports related to the Construction sector among others,
recently published a report on this market. The global insulation market
will expand at a rapid pace with an increase in revenue and an encouraging CAGR
in the forecast period.
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As the demand for insulation products rises
every day, the market for insulation products is expanding in proportion to
meet this demand. With increase in construction activities around the world,
the demand for insulation products has increased significantly. Rising costs of
energy have also supplemented the growth of the sector tremendously. Factors
such as increasing rate of urbanization and need for energy efficiency has
further bolstered the growth of the market.
Market Segmentation
The global insulation market has
been segmented based on material and application.
By material, the global
insulation market has been segmented into fiberglass, plastic fibers, mineral
wood, and natural fibers.
By application, the global
insulation market has been segmented into residential and non-residential.
Top 10 Competitive Landscape
ü
CertainTeed
Corporation
ü
Huntsman
Corporation
ü
Nova
Chemicals Corporation
ü
Dow
Building Solutions
ü
GAF
Materials
ü
Johns
Manville
ü
Owens
Corning
ü
Knauf
Gips
ü
Bayer
AG
ü
Atlas
Roofing Corporation
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Report@ https://www.marketresearchfuture.com/reports/insulation-market-1654
Industry Updates
February 2019- Chinese and
American researchers have reportedly developed a new variety of aerogel which
can be used for insulating applications. The material has robust mechanical and
thermal stability as performs exceptionally well in transformation and toughness.
Regional Analysis
By region, the global insulation
market has been segmented into North America, Asia Pacific (APAC), Europe, and
the Middle East & Africa (MEA).
APAC is the largest market for
insulation. Prolific growth of the construction industry and high focus on
energy conservation are driving the market in APAC. The governments in the
region have laid down various regulations which encourage insulation in end use
applications.
North America is a significant
market driven by steady investments in the real estate market and consumer
affinity for green buildings. Continuously expanding construction industry and
developments in commercial and residential structures in the US fuels the
growth of the market. Government focus on conservation of energy has resulted
in the development of standards which advocate the use of insulating materials
which induce high demand within the market.
Europe too is an important
revenue pocket for the global insulation market. The resurgence of construction
activities coupled with towering environmental concerns is favoring the use of
structural adhesives. Moreover, growing interest in energy saving and
increasing investment in commercial and infrastructure construction is also
supporting market growth.
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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