Insulation market growth forecast by regional industry players 2019-2024

Insulation market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, application, region. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the Insulation industry, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the Insulation market competitive environment, diving into the industry position of each major company along with the strategic landscape.

Increasing expenditure on energy efficiency infrastructure is primarily fueling insulation market growth. As per U.S. Census Bureau, construction spending has increased by 6.7% and observed over USD 13.3 trillion expenditure in 2016. Surging construction to improve residential, commercial, and industrial infrastructure along with energy conservation initiatives are key aspects fueling product demand.

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U.S., Canada, Germany and other emerging economies are focusing on spreading awareness to achieve optimum utilization of resources. Continuous advancements in energy efficient technology in sustainable products for ventilation, insulation, and environmental protection to achieve high quality material will drive demand. Active involvement of authorities in sustainable energy audits emphasizing homeowners for presenting eco-friendly solution for domestic houses and public buildings positively impacting product market.

Large application scope in chemical & oil, power & energy, manufacturing, industrial construction, and steel plants will fuel product penetration. Specific installing criteria are taken into consideration such as fire safety, eco-friendly, cost-effective and sustainable materials. Insulating material such as fiberglass, mineral wool and plastic foams are widely used in maximum temperature operations that range in 1700- 2500 C. Rapid industrialization in emerging economies is key factor fostering product demand during forecast time frame.

Major points presented and analyzed in the study include multiple segmentation coverage (one or more/all) as listed below:

• Insulation Industry Landscape
  • Growth drivers
  • Pitfalls & challenges
  • Regional regulatory scenario
  • Regional pricing tresnds
  • Cost structure analysis
  • Industry ecosystem
  • Competitive landscape
    • Company profiles
    • Supplier information
  • Insulation market, By Product (Estimates & Forecast to 2024)
  • Insulation market, By Application (Estimates & Forecast to 2024)

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Residential application contributed over 50% of market share in 2017. Positive development for affordable housing schemes along with reliable government policies are fueling product demand during forecast time frame. U.S. government is also providing tax rebate by following guidelines of building code that has set for respective states and region.

North America insulation market is expected to surpass USD 16 billion revenue. U.S. government and Department of Energy focusing on promotional activities for appropriate energy use by the adoption of proper insulating materials in building and houses to reduce energy losses are key factors boosting insulation industry share during forecast time frame.

Global insulation market share is highly fragmented in nature due to the presence of internal as well as local manufacturers offering wide product range. Some major companies are Rockwool International, Armacell, Knauf Gips, KG Huntsman International, and Owens Corning focusing on improving production efficiency of several materials. These companies are focusing on reducing prices of material in order to strengthen market share.

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Building Thermal Insulation Market Report 2019-2025
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