According to Technavio’s latest market research study, the global insulation market is expected to grow at a CAGR of more than 8% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global insulation market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on product type
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The top two revenue contributing product segments are discussed below
Global wood insulation market: The increasing use of wood as building insulation materials will lead to the growth of this market segment. The easy and wide availability of wood insulation material makes it the most popular choice for building insulation. Furthermore, these materials are easily recyclable and pose a lower health risk to building residents and installation personnel.
“The two types of wood insulations available in the market are fiberglass and mineral wool. The low maintenance, light weight, and high resistance to corrosion properties of fiberglass make it an ideal insulating agent. Mineral wools are non-combustible and environment-friendly insulation materials that are gaining immense popularity in the European and American market. Moreover, new project developments in the Middle Eastern and Asian countries will increase the demand for wood insulation products during the forecast period,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
Global plastic foam insulation market: The increasing deployment of plastic foam materials such as EPS, XPS, and polyurethane foams, in buildings will lead to the growth of this market segment. These materials are lightweight, dimensionally stable, moisture resistant, and durable making them adaptable to harsh weather conditions. The rising retrofitting activities in existing buildings will fuel the demand for these materials in the global market.
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The top vendors operating in the global insulation market are:
- BASF
- Huntsman
- Knauf Insulation
- Recticel Insulation
Other prominent vendors in the market include BASF, Beijing HuaDu Chemical Building Material Group, Byucksan, Dow Kakoh, Ecofoam Polyurethane Insulation, Hebei Huamei Group, Huntsman, Kaneka, KCC, Knauf Insulation, Kumho Petrochemical, LangFang Huayu Innovation & Technology, Lloyd Insulations (India), Luyang Energy Saving Materials, Mag-Isover, Nichias, Owens Corning, Polyglass Industries Indonesia, Bondor Indonesia, Rockwool Building Materials (Philippines), Rockwool Malaysia, Sae Rom Panel, Shengquan Group, Shinwoo Industrial, Superlon Worldwide, Supreme Petrochem, SY Panel, Tianjin Tianlong Shuangsheng Insulation, UP Twiga Fiberglass, etc.
A more detailed analysis is available in the Technavio report titled, ‘Global Insulation Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Roofing Insulation Adhesives Market 2017-2021
- Global Electric Insulator Market 2016-2020
- Global HVAC Insulation Market 2016-2020
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