Thermal Insulation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

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Report Code: ZMR-2611 | Report Format : | Status : Upcoming |

Abstract

Global Thermal Insulation Market: Overview

The process of utilizing a compound or a material that is made of various materials having the ability to restrict the thermal energy flow or heat energy flow is known as insulation. Insulation materials are able to perform various functions including process control, noise reduction, energy conservation, condensation control, environmental pollution reduction, and freeze protection. Numerous factors including fire protection, operating temperature, service & maintenance, physical stress, water ingress, and vibration play an important role while choosing a suitable insulation material. Thermal insulation, owing to its abilities and advantages, has gained importance in industries as far as reduction of heat loss and safety during the manufacturing process is considered.

Global Thermal Insulation Market: Growth Factors

High energy-saving, diminished carbon tracks, along with the easy availability of product are some of the major factors boosting the growth of the global thermal insulation market. There is major heat loss observed via external walls and roofs in present buildings. Advantages including restricted energy consumption during retaining room temperature are anticipated to impact the growth of the global thermal insulation market in a positive way. Elevated IECC adoption (International Energy Conservation Code) from 2012 specifically in the United States has boosted the scope of the product in the construction industry. In addition, government regulations with regards to restriction on emissions of greenhouse gases and decrease consumption of energy are expected to enhance the growth of the global thermal insulation market in future. Technical enhancements in multi-chamber profiles particularly in building thermal insulation encompassing triple or double insulated glass are expected to propel the global thermal insulation market growth. Compressive strength, high durability, easy installation, moisture sensitivity, and good conductivity are few other factors enhancing the product demand in the global thermal insulation market.

Global Thermal Insulation Market: Segmentation

The global thermal insulation market is segmented on the basis of material, application, and end-use. Based on the material, the global thermal insulation market is classified as plastic foams and wool insulation. On the basis of application, the global market is diversified into roof, wall, and floor. Based on the end-user, the global thermal insulation market is segmented as commercial, industrial, and residential.

Global Thermal Insulation Market: Regional Analysis

Europe is expected to witness significant growth in the global thermal insulation market by grabbing a major share in the global market. Strict regulations by REACH, EnEV, and European Commission are enhancing the demand for the product in the global thermal insulation market as a piece of the initiative of energy conservation. The Asia Pacific is also anticipated to witness a considerable growth in terms of revenue in the global thermal insulation market in the near future. Increasing temperature barrier demand specifically in residential and commercial constructions will boost the product demand in the global market. Escalating spending of government on construction specifically in China and Japan in order to enhance public and commercial infrastructures is expected to have a positive impact on the growth of the global thermal insulation market.

Global Thermal Insulation Market: Competitive Players

Some of the major players in the global thermal insulation market include BASF Polyurethanes, Saint-Gobain, CertainTeed, Kingspan Group, Johns Manville, Huntsman International, Dow Building Solutions, and Owens Corning.

Global Thermal Insulation Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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