IMARC Group, a leading market research company, has recently releases report titled “Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.” The study provides a detailed analysis of the industry, including the global insulation market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Insulation Market?
|
Report Attributes |
Details |
|
Market Size in 2021 |
US$ 50.3 Billion |
|
Market Forecast in 2027 |
US$ 69.4 Billion |
|
Growth rate (2022 to 2027) |
CAGR of 5.4% |
|
Base Year of the Analysis |
2021 |
|
Forecast Period |
2022-2027 |
What is Insulation?
Insulation is a material or technique used to slow down or prevent the transfer of heat, sound, or electricity from one area to another. In buildings, insulation is typically used to reduce heat loss or gain through walls, roofs, and floors, thus making them more energy-efficient and comfortable to live in. The material used for insulation can be made from a variety of sources, such as fiberglass, mineral wool, cellulose, foam, or even natural materials like wool, cotton, or cork. Proper insulation can significantly reduce energy consumption, lower utility bills, and contribute to a more sustainable environment by reducing the carbon footprint of buildings.
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What are the Growth Prospects and Trends in the Insulation Market?
The increasing demand for energy-efficient buildings and the rising need for reduced greenhouse gas (GHG) emissions are among the key factors driving the market growth. In line with this, the increasing awareness regarding the benefits of insulation, such as reduced energy consumption and lower energy costs, is contributing to the market growth. Apart from this, the market is also driven by technological advancements in insulation materials and systems. In addition to this, the rising demand for insulation in the industrial and commercial sectors is another factor inducing the growth of the market. Moreover, factors, such as governmental regulations and incentives, promoting the use of insulation in buildings, significant expansion in the construction industry, along with an enhanced focus on green and sustainable building practices, are creating a positive outlook for the market.
Who are the Key Players Operating in the Insulation Industry?
The report has also analysed the competitive landscape of the market with some of the key players.
- 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
What is Included in Market Segmentation?
The report has categorized the market based on material type, function, form and end-use industry.
Breakup by Material Type:
- Polystyrene
- Mineral Wool
- Glass Wool
- Polyurethane
- Calcium Silicate
- Others
Breakup by Function:
- Thermal
- Acoustic
- Electric
- Others
Breakup by Form:
- Blanket
- Foam
- Board
- Pipe
- Others
Breakup by End Use Industry:
- Non-Residential
- Residential
- Industrial & Plant Equipment
- HVAC Equipment
- Appliances
- Transport Equipment
- Others
Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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