The global insulation market is expected to grew at a CAGR of around 7% during 2014-2019. Insulation refers to the process of obstructing heat, electricity and sound from entering or exiting a physical space. It is achieved through the installation of insulation materials that act as a barrier for energy flow. Insulators usually have low thermal conductivity and are available in the form of mineral wool, polyethylene, polystyrene, etc. Wood-based products including hardboard and wooden doors also aid in insulation, and spray foams and adhesive strips are used to fill gaps between tiles and windows. The insulation of an area assists in reducing energy costs and moisture condensation, as well as increasing the safety and protection quotient for the individuals. It also assists in minimizing heat loss from uninsulated valves and bare pipes inside buildings, along with reducing noise pollution.
The thriving construction industry is one of the key factors driving the market growth. Over time, there has been a significant increase in industrial and residential construction projects, along with the strong growth in infrastructural development, especially in emerging nations. Furthermore, growing consumer awareness for energy conservation is also positively impacting the market growth. The rapid urbanization and increasing population have enhanced the demand for power and energy owing to which, insulation materials are being extensively incorporated in various construction projects. Additionally, there is a significant increase in the sales of cooling appliances such as air conditioners and refrigerators, which is further boosting the growth of the market. Insulation materials are increasingly being used in automobiles to minimize noise, vibrations and enhance sound absorptions. They also assist in the manufacturing of numerous parts including wiper cowls, roll pans and bumpers. Other factors such as technological advancements in thermal insulation, rising disposable incomes and various research and development (R&D) activities are also expected to drive the market in the coming years. Looking forward, the global insulation market is expected to grow moderately during the next five years.
IMARC Group’s latest report provides a deep insight into the global insulation market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the insulation market in any manner.
The report has also analysed the competitive landscape of the market with some of the key players being 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.
Key Questions Answered in This Report:
The market is negatively impacted due to the coronavirus disease (COVID-19) outbreak and the temporary closure of various manufacturing units.
The global insulation market was worth around US$ 53.3 Billion in 2019.
According to the estimates by IMARC Group, the global insulation market will exhibit moderate growth during the next five years.
In recent years, significant growth in the construction industry, along with the increasing sales of consumer electronics and automobiles, represents one of the key factors impelling the market growth.
With the growing environmental concerns and the increasing awareness about energy conservation, there is a rise in the demand for green construction, which, in turn, is strengthening the market growth.
On the basis of the material type, the market has been divided into mineral wool, polyurethane, polyethylene, polyvinyl chloride, polystyrene, calcium silicate and others.
Based on the function, the market has been categorized into thermal, electric, acoustic and others.
The market has been analyzed on the basis of the form into pipe, foam, blanket, board and others.
Based on the end use industry, the market has been classified into power, chemical and petrochemical, oil and gas, construction, automotive, food and beverage (F&B), and other sectors.
On the geographical front, the market has been segmented into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa.
Leading industry players are GAF Materials LLC, Knauf Insulation, Johns Manville Corporation, 3M Company, Owens Corning Corporation, Saint Gobain Group, Recticel NV, Kingspan Group, URSA Insulation S.A., ROCKWOOL International A/S, Atlas Roofing Corporation, BASF SE, Byucksan Corporation and Bridgestone Corporation.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-702-409-7331 )
( India: +91-120-433-0800 )
Drop us an email at