According to IMARC Group’s latest report, titled “Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global insulation market size reached a value of US$ 50.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 69.4 Billion by 2027, exhibiting at a CAGR of 5.4% during 2022-2027.
Insulation refers to materials used in building construction to prevent heat loss or gain. Its key function is to regulate the temperature and maintain comfort inside a building while reducing energy consumption. There are several types of insulation materials, including fiberglass, cellulose, and foam, each with its own unique properties. These materials are typically installed in walls, attics, and floors to slow the transfer of heat, making the building more energy efficient. Proper insulation can reduce heating and cooling costs, increase comfort levels, and minimize the environmental impact of heating and cooling systems. Additionally, insulation can also improve the acoustic performance of a building, reducing noise transmission.
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Insulation Market Trends:
The increase in construction activities, along with the rapid expansion in the construction industry represents a significant factor driving the insulation market growth. In line with this, the rise in the demand for energy-efficient and sustainable solutions in residential and commercial construction is contributing to the growth of the market across the globe. Apart from this, the increasing environmental consciousness is facilitating the demand for insulation materials, which, in turn, is acting as another major growth-inducing factor. Other factors, including the significant technological advancements and extensive research and development (R&D) activities, are creating a positive outlook for the insulation market.
Competitive Landscape with Key Players:
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
Key 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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