The global insulation market size is expected to reach USD 77.13 billion by 2026, as per the report. It is anticipated to expand at a CAGR of 5.9% during the forecast period 2019 to 2026.
Rapid urbanization, population growth and industrialization in developing countries is estimated to boost the growth. Moreover, government initiatives to promote energy efficiency and sustainable development through insulation technologies are estimated to fuel growth of the global insulation market. Initiatives through the Weatherization Assistance Program (WAP) by the U.S. government through federal funding to encourage the use of thermal insulation in low-income households are likely to drive the market growth in North America.
Strict insulation codes and laws effectuated by the European regulatory authorities have contributed to the rising awareness regarding rising energy costs and the need for energy efficiency. The market for industrial insulation is estimated to exhibit high growth owing to the growing thermal energy production which calls for the extensive need of insulation to maximize efficiency.
Additionally, the U.S. industrial insulation market is expected to benefit from recovering nonresidential building construction expenditures, particularly in the office and commercial segments. Rising awareness regarding environmentally friendly construction practices is expected to propel insulation use with an aim to reduce energy consumption.
Further key findings from the report suggest:
The report analyzes and forecasts the insulation market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global insulation market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the insulation market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of insulation market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were an important part of the report preparation. Those reading the report will be able to get a detailed understanding about the market. Industry experts have verified and checked the data and information that have been taken from credible sources like websites, annual reports of companies, journals, and other resources. In order give the facts and data a pictorial form, diagrams, graphs, pie charts, and other representations have been used. That augments the visual appeal of the report and makes understanding it much easier.
Prominent market players are Atlas Roofing Corporation; BASF; Bayer; Certain Teed; Cellofoam North America Inc.; Dow Building Solutions; GAF Materials Corp.; Knauf; Owens Corning Corp.; and Nova Chemicals Corp. These players are concentrating on new joint ventures, collaborations, agreements, and strategies to advance their production facilities and to gain larger market shares.
Biesanz Stone Co. and Michigan Limestone & Chemical Company are the major limestone suppliers, while Alfa Aesar and American Borate Company supply borates. Companies such as BASF, Bayer, and Dow Chemical Company dominate raw material supply for foamed plastic insulation products.
Key financial developments of a particular company and product & company overview are some of the elements that help in acquiring information about top vendors in the market. This particular section has also included a SWOT analysis of the companies featured in the report. This will help the audience in knowing about opportunities, strengths, threats and weaknesses that are facing by the key vendors in the chemical and material industry across the world. As the competitive landscape is the most valuable part of any report, it consists of all the required information for the detailed study of top players functioning in the industries. It is also an interesting part to find how exactly these key manufacturers implement various strategies to secure the top rank in the industry. Such an in-depth information is useful for the new entrants into the industry as they would be able to learn a bit from these key vendors. Similarly, the information provided in the research report will also be valuable for the renowned key players as well, as they come to know the strategies of their counterparts to sustain in the competitive industry.
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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