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Global Insulation Market
Research and Upcoming Forecast
Report
Author: Elena Anderson,
Marketing Manager |
IMARC Group
Report Description
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Report Description and Highlights
Insulation Market Outlook :
IMARC Group, titled “Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, theglobal insulation marketexperienced steady growth.
Insulation is the process of hindering heat, sound and electricity from entering or escaping a physical space.
It acts as a barrier to the heat flow, which enables an insulated room to remain warm in the winter while cooler during summers. Insulating residential spaces aid in providing year-round comfort to the users while eliminating the issue of condensation within homes.
It also absorbs sounds that assist in minimizing unwanted noise caused by appliances or other sources. Apart from this, insulation helps in reducing energy costs, minimizing emissions of pollutants and
protecting spaces from fire threats.
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Report Description and Highlights
Global Insulation Market Trends:
At present, there is an increase in the construction of buildings, especially in the industrial, residential and infrastructural sector, across the globe. This can be attributed to the rising global population and inflating income levels of individuals, which, in turn, is positively impacting the sales of insulators. In addition to this, shifting preference of the consumers towards energy conservation and sustainable development, along with rising demand for green construction, is providing a thrust to the market growth.
Furthermore, enhanced research and development (R&D) activities by manufacturers to introduce efficient product variants are expected to impact the market growth favorably. For instance, efficient product variants, such as R10 insulated vinyl siding and Polymeric Vacuum Insulation Spheres (PVIS), are gaining traction among consumers.
Boosting sales of air conditioners and the implementation of stringent building codes in various countries are some of the other factors that are expected to contribute to the market growth in the coming years.
Looking forward, the market is expected to grow at a CAGR of around 5% during the forecast period (2021-2026).
Market Breakup by Material Type:
• Mineral Wool • Polyurethane • Polyethylene • Polyvinyl Chloride • Polystyrene • Calcium Silicate • OthersMarket Breakup by Function:
• Thermal • Electric • Acoustic • Others
Market Breakup by Form:
• Pipe • Foam • Blanket • Board • OthersMarket Breakup by End Use Industry:
• Power
• Chemical and Petrochemical • Oil and Gas
• Construction • Automotive
• Food and Beverage • Others
Market Breakup by Region:
• Asia Pacific • Europe
• North America
• Middle East and Africa • Latin America
Note: We are updating our research report 2021-2026. If you want to need latest primary
and secondary data with Cost Module, Business Strategy, Distribution Channel, etc.
Competitive Landscape With Key Players:
• GAF. • Knauf Insulation. • Johns Manville. • 3M Company. • Owens Corning. • Saint Gobain. • Recticel. • Kingspan Group. • URSA. • Rockwool Group.• Atlas Roofing Corporation. • BASF Polyurethanes.
• Byucksan Corporation.
• Bridgestone Corporation, etc.
View Report TOC, Figures and Tables : https://www.imarcgroup.com/insulation-market
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