- The key vendors in the Global HTI Materials Market 2015-2019 are Isolite Insulating Products, Morgan Thermal Ceramics, Promat International, Pyrotek, Skamol, Unifrax and Zircar Fibrous Ceramics.
London, 25 March 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global HTI Materials Market 2015-2019. One key trend emerging in the market is the development of bio-based insulation materials that are used to reduce global warming effects. They have the ability to buffer heat and moisture, an effect which is most evident in dynamic situations. The global market is expected to grow at a CAGR of 6.44 percent during the forecast period of 2014-2019.
Growing Inclination towards Bio-based Insulation Materials
Bio-based insulation materials help in minimising energy consumption in the Construction industry. Firstly, they reduce the embodied energy in the fabric of buildings as they are recyclable and renewable. Second, they reduce the in-use energy consumption of buildings in more ways than by simply reducing energy transmission. They have the ability to buffer heat and moisture, which is most evident in dynamic situations.
“Most industrial buildings in the US and Europe are in the process of being renovated and refitted with new insulation materials,” says Faisal Ghaus, Vice President of Technavio Research.
“Many end-users are shifting to better materials such as IFB and calcium silicate boards because of their exceptional insulation properties and relative advantages over other materials.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
