Global Insulation Products Market Worth 60 Billion USD by 2022

“Insulation Products Market”
Insulation Products market is expected to grow with the CAGR of approximately 7% from 2016 to 2022, and with this it is predictable to cross USD 60 billion by 2022.

Market Highlights

Insulation products can be used for different purposes like sound, heat, and electricity insulation. The popularity has gone up in last couple of years due to their increased usage in building & construction market. The colder countries in the regions of Europe and America utilize this kind of technology to keep their homes warmer. Increasing demand for thermal insulation from households is expected to drive the residential application growth. The other drivers for the growth are increasing consumer awareness regarding energy conservation and raising the construction & industrial activities. On the basis of region, North-America is the largest market by value. The Insulation products market size was valued at around USD 42 Billion in 2015 and is expected to grow at CAGR of 7% by 2022

 

Key Players

  • Sika AG
  • Trelleborg AB
  • Owens Corning
  • BASF SE
  • Knauf Insulation
  • John Manville Inc.
  • 3M Company
  • Dunmore Corporation
  • DuPont
  • Avery Dennison Corporation

 

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Target Audience

  • Insulation products manufactures
  • Insulation Materials Suppliers
  • Environmental Associations
  • Research Institute / Education Institute
  • Potential Investors
  • Key executive (CEO and COO) and strategy growth manager

 

Scope of the Report

This study provides an overview of the Insulation Products market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Insulation Products Market as Insulation Types, Materials and Application.

 

By Insulation Types

  • Thermal
  • Acoustic
  • Vacuum
  • Others

 

By Materials

  • Mineral wood
  • Plastic foam
  • Fiberglass
  • Others

 

By Application

  • Residential
  • Commercial
  • Industrial
  • Others

 

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Market Research Analysis

The market is highly application based. The factors contributing to the growth of the Insulation Products market is the consumer awareness, and growth in the construction & industrial activity. It is expected that the global insulation products market will advance with higher growth rate as compared to previous years with North-America commanding the largest share followed by Europe. However the current challenge for the market is the difficulty in adoption of such practices by the emerging nations.

 

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