Thermal Insulation Market by Product (Cellular Material, Fibrous Material, and Granular Material), by Foam (Rigid Board, Rigid Foam/Foam Board, Flexible Foam, Sprayed Foam, Batts, Loose Fillers, Barriers, and Others), by End-User (Building & Construction, Oil & Gas, Aerospace & Aviation, Mechanical Systems, Clothing, Automotive, Industrial, and Others) and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024

Global thermal insulation market expected to reach approximately USD 70,000 million in 2024, growing at a CAGR of slightly above 5% between 2018 and 2024. The various end-users for thermal insulation are building & construction, oil & gas, aerospace & aviation, mechanical systems, and others.

09-Oct-2018 | Number of pages: 110 | Report Code: ZMR-2611 | Report Format : | Status : Published

Analysis

The thermal insulation is a process that is used for insulating material in order to transfer heat between the materials which have thermal conductivity. The thermal insulation can be achieved with special engineered methods. This process retards the flow of heat transferring between the objects. The most common material used for thermal insulation is fiberglass, cellulose, polyurethane foams, and others.

A tremendous growth has been observed in the construction industry over the past few years. Awareness regarding the need of energy-efficient structure and to reduce high energy cost in commercial buildings are expected to drive the market in the upcoming years.  The countries with cold climate are particularly promoting zero energy buildings which can be attained by means of reliable insulation material. According to a recent article published by the Institute of Energy Diversification and Saving, the thermal insulation accounts for around 30% drop in heat consumption which is converted to the reduction of CO2 emission and also saves the money. The governments in these regions are introducing various policies and regulation that will support the growth of the market. However, high prices of the insulation materials limit the market growth. Nevertheless, high energy requirements are expected to provide ample opportunities for the key players working in the global thermal insulation market.

Thermal-Insulation-Market.png

The global thermal insulation market can be fragmented based on product, foam, and end-user. The product is segmented into the fibrous material, cellular material, and granular material. The foam is further segmented into primary, secondary, and tertiary. The process segment is further divided into the rigid board, rigid foam/foam board, sprayed foam, loose fillers, flexible foam, barriers, batts, and others. Based on end-user, the market is further segmented into building & construction, oil & gas, aerospace & aviation, mechanical systems, clothing, automotive, industrial, and others. Building & construction is expected to be the most dominant segment of the global thermal insulation market and is expected to maintain this inclination over the predicted period. Increase in the construction industry is expected to drive the demand for thermal insulation in the years to come.

Based on region, the market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. North America comprised the most significant share for the thermal insulation market in terms of volume during 2017. This can be attributed to the huge development in the construction industry in the region. Asia Pacific thermal insulation market is also likely to witness noteworthy growth during the predicted period.

Some of the major players operating in the global thermal insulation market are Asahi Kasei Corporation, Kingspan Group Plc, Johns Manville, Covestro AG, The Dow Chemicals Company, Armacell, Insulcon Group, Isolatek International, BASF SE, Owens Corning, Saint-Gobain S.A., Saint-Gobain S.A., amongst others.


Related Reports

Pulp and Paper Chemicals Market - Size, Share & Trends Analysis Report By Product (Basic, Functional, Bleaching), By Application (Packaging, Labeling, Printing), Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Mar-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5325 | Report Format:

Global Pulp and Chemicals Market: An Overview The global pulp and chemicals market is a fragmented and competitive landscape, with large numbers of small, and large players. The rising demand for pulp and chemicals in food packaging, and growing demand for segments like bleaching chemicals prese...Read More

Lithium-Ion Battery Recycling Market – By Battery Chemistry (Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, and Lithium-Nickel Cobalt Aluminum Oxide), By End-Use (Automotive and Non-Automotive), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5303 | Report Format:

This report analyzes and estimates the Lithium-Ion Battery Recycling market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on value (USD Billion). The report offers detailed insights of the Lithium-Ion...Read More

Residue Testing Market – By Type (Pesticides Residues, Toxins, Heavy Metals, Food Allergens, and Others), By Technology (Chromatography, Spectroscopy, Immunoassay, and Others), By Food Tested (Meat & Poultry, Dairy Products, Processed Food, Fruits & Vegetables, Cereals, Grains & Pulses, Nuts, Seed & Spice, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5294 | Report Format:

This report analyzes and estimates the Residue Testing market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on value (USD Billion). The report offers detailed insights of the Residue Testing market dr...Read More

Plastic Fencing Market – By Material (Vinyl, Polyethylene, Polystyrene, and Plastic Composites), By Product (Chain Link Fence, Picket Fence, Gates, and Post & Rail Fence), By Application (Pool Fencing, Temporary Fencing, Boundary Fencing, Privacy Fencing, And Others), By End-Use (Residential, Commercial & Industrial, and Agriculture), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5288 | Report Format:

This report analyzes and estimates the plastic fencing market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the plastic fencing mar...Read More

Request Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.