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Insulation Market | Covid-19 Impact Analysis
The Insulation Market is Segmented by Product Type (Fiberglass/Glass Wool, Mineral Wool, Plastic Foam, and Others), by Application Type (Residential Construction, Industrial, HVAC & OEMs, and Non-Residential Construction), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Insulation Market is likely to witness an impressive CAGR of 6.0% during the forecast period. The major factors such as the increasing usage of recycled materials for the production of insulating materials, growing awareness regarding conservation of energy in the developing countries in symphony with the surge in population, adoption of zero energy buildings and sustainable construction are expected to fuel the growth of the market during the forecast period.
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Insulation Market – Snapshot |
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Growth |
6.0% for the next five years |
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Major Product Type |
Fiberglass/Glass Wool |
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Dominant Application Type |
Residential Construction |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Armacell International S.A., BASF, CertainTeed Corporation, Dow Chemical Company, Huntsman International, Johns Manville, Knauf Gips KG, Owens Corning Corp., Recticel Insulation, and ROCKWOOL International A/S. |
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Based on the product type, the market is segmented as fiberglass/glass wool, mineral wool, plastic foam, and others. Fiberglass/glass wool is estimated to witness significant growth rate owing to its cost effectiveness in comparison with the other insulating products. Its wide range of applications across different building parts and being capable of offering insulation in the range of R-8 to R-40, making them ideal for customized appliances based on the requirements for customer is expected to fuel the product demand in the insulation market. Moreover, mineral wool offers superior thermal insulating properties and is an excellent fire insulator. Furthermore, the feature of superior acoustic dampening to decrease sound produced in the industrial areas is one of the major factors fueling the market demand during the forecast period.
Based on the application type, the market is segmented as residential construction, industrial, HVAC & OEM, and non-residential construction. Factors such as increasing focus on minimizing consumption of energy accompanied by installation of efficient, recyclable, and green materials, increasing customer spending along with growing needs for new homes, growing requirements in residential and commercial applications for insulating materials among developed regions including North America and Europe, growth in construction industry along with increasing innovation towards adoption of energy efficient modes are expected to fuel the market revenue during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the major region of the market and the growth is attributed to its rise in population along with growing development in both commercial and industrial construction. Furthermore, factors such as growing preferences of consumers towards energy conservation and green building initiatives, other initiatives and policies made by the government regarding the housing sector developments are expected to accelerate the growth of the regional market during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Some of the key players in the insulation market are-
Insulation is the process of keeping sound, heat, or electricity from spreading and offers basic functionalities such as high-performance buildings, improved inhabitants comfort level, and protection from noise and fire resistance.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Insulation Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The insulation market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Current market segmentation of any one of the product types by application type.
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The insulation market is expected to witness an impressive growth of 6.0% CAGR in the foreseeable future.
Armacell International S.A., BASF, CertainTeed Corporation, Dow Chemical Company, Huntsman International, Johns Manville, Knauf Gips KG, Owens Corning Corp., Recticel Insulation, and ROCKWOOL International A/S are among the key players in the insulation market.
Asia-Pacific is estimated to be the major region of the insulation market during the next five years.
Some of the major factors driving the growth of insulation market are increasing usage of recycled materials for the production of insulating materials, growing awareness regarding conservation of energy in the developing countries in symphony with the surge in population, adoption of zero energy buildings and sustainable construction.
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