Insulation Market Size, Emerging Trends, Forecasts, and Analysis 2021-2026
April 06, 2022
Stratview Research has recently added a new report titled Insulation Market to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Insulation Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
- Armacell International S.A.
- BASF
- CertainTeed Corporation
- Dow Chemical Company
- Huntsman International
- Johns Manville
- Knauf Gips KG
- Owens Corning Corp.
- Recticel Insulation
- ROCKWOOL International A/S.
Market Highlights
Insulation Market is likely to witness an impressive CAGR of 6.0% during the forecast period. The major factors such as the increasing usage of recycled materials for the production of insulating materials, growing awareness regarding conservation of energy in the developing countries in symphony with the surge in population, adoption of zero energy buildings and sustainable construction are expected to fuel the growth of the market during the forecast period.
Segment-wise analysis
Based on the product type, the market is segmented as fiberglass/glass wool, mineral wool, plastic foam, and others. Fiberglass/glass wool is estimated to witness significant growth rate owing to its cost effectiveness in comparison with the other insulating products. Its wide range of applications across different building parts and being capable of offering insulation in the range of R-8 to R-40, making them ideal for customized appliances based on the requirements for customer is expected to fuel the product demand in the insulation market. Moreover, mineral wool offers superior thermal insulating properties and is an excellent fire insulator. Furthermore, the feature of superior acoustic dampening to decrease sound produced in the industrial areas is one of the major factors fueling the market demand during the forecast period.
Based on the application type, the market is segmented as residential construction, industrial, HVAC & OEM, and non-residential construction. Factors such as increasing focus on minimizing consumption of energy accompanied by installation of efficient, recyclable, and green materials, increasing customer spending along with growing needs for new homes, growing requirements in residential and commercial applications for insulating materials among developed regions including North America and Europe, growth in construction industry along with increasing innovation towards adoption of energy efficient modes are expected to fuel the market revenue during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the major region of the market and the growth is attributed to its rise in population along with growing development in both commercial and industrial construction. Furthermore, factors such as growing preferences of consumers towards energy conservation and green building initiatives, other initiatives and policies made by the government regarding the housing sector developments are expected to accelerate the growth of the regional market during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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