Insulation Market Overview to 2022:
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.
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.
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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
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.
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.
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.
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