Stratview Research has published a new report on the Insulation Market, segmented by Product Type (Fiberglass/Glass Wool, Mineral Wool, Plastic Foam, and Others), by Application Type (Residential Construction, Industrial, HVAC & OEMs, and Non-Residential Construction), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
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.
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Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Insulation Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
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.
Following are the key players in the Insulation Market:
· 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
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