Insulation Materials Market Projected to Grow $82.96Billion by 2027| Know About What is the Key Application of Insulation Materials?
Research Reports
Jan 07, 2021
Market Size – USD 54.68 Billion in 2019, Market Growth – CAGR of 5.3%, Market Trends –A rise in infrastructure development projects in the APAC region
The rapid urbanization in the present world has fairly increased the demand for housing, infrastructure development, and colonization, which, in turn, affects the call for raw materials. The global insulation materials market was observed to be valued at USD 54.68 Billion in 2019, according to a study by Emergen Research. It is expected to grow at an annual growth rate of 5.3% and is expected to reach USD 82.96 Billion by the end of the year 2027.
Insulation systems contribute significantly to energy efficiency leading to reduced emissions. For instance, in the US, fossil fuels account for 80.0% of greenhouse gas emissions. From buildings, to industrial and transportation sectors, industrial insulation aids in energy efficiency, thereby decreasing emissions and hence curbing adverse effects on climate.
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Market Drivers
The principle attribute driving the growth of the Insulation Materials Market is the growing application of insulation in industries, transportation, packaging, furniture, and infrastructure, accounting for 35% of the total market share. An added advantage of using insulation is its reduced energy consumption, especially in areas bound by fixed energy utilization standards to promote the sustainability of resources and minimize greenhouse gas emissions. The easy availability and diversified materials like polystyrene see-through windows and skylights that are free from corrosion and deformation also make it easy for people to choose the best product for themselves.
Regional Analysis
The Asia Pacific region holds the largest share with approximately 41% of the market due to new structures being built in the developing countries and rapid industrialization that requires robust materials in contemporary constructions. The North American market also dominates the cycle because of large scale renovations in the region.
Key participants include Roxul Inc., Huntsman International LLC, Kingspan Group, Owens Corning, BASF, GAF Materials Corporation, Johns Manville, The Dow Chemical Company, Cellofoam North America Inc., and Covestro AG, among others.
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Product Type Outlook (Revenue, USD Billion; 2017-2027)
Glass Wool
Mineral Wool
Expanded Polystyrene (EPS)
Aerogel
Extruded Polystyrene (XPS)
CMS Fibers
Calcium Silicate
Polyurethane
Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Online
Offline
Application Outlook (Revenue, USD Billion; 2017-2027)
Infrastructure
Industrial
HVAC
Transportation
Appliances
Furniture/Bedding
Packaging
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Insulation Materials Market Segmentation & Impact Analysis
4.1. Insulation Materials Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for reduced energy consumption in buildings
4.2.2.2. High demand in industrial sector
4.2.2.3. A rise in infrastructure development projects in the APAC region
4.2.2.4. Strict legislative regulations
4.2.3. Market restraints analysis
4.2.3.1. Fluctuating raw materials price
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Insulation Materials Market By Product Type Insights & Trends, Revenue (USD Million)
5.1. Product Type Dynamics & Market Share, 2019 & 2027
5.1.1. Glass Wool
5.1.2. Mineral Wool
5.1.3. Expanded Polystyrene (EPS)
5.1.4. Aerogel
5.1.5. Extruded Polystyrene (XPS)
5.1.6. CMS Fibers
5.1.7. Calcium Silicate
5.1.8. Polyurethane
5.1.9. Others
Chapter 6. Insulation Materials Market By Distribution Channel Insights & Trends Revenue (USD Million)
6.1. Distribution Channel Dynamics & Market Share, 2019 & 2027
6.1.1. Online
6.1.2. Offline
Continue…
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