Insulation Products Market Soaring at 7.46% CAGR to Hit $62.84Bn by 2021
The insulation products market is growing at 7.46% CAGR to reach USD 62.84 billion by 2021 due to growing demand in the construction industry while thermal insulation segment is projected to grow at a steady CAGR during the forecast period.
Pune, India – August 15, 2016 /MarketersMedia/ —
The market for insulation products is driven by the growing demand in industries such as construction of both, residential and commercial buildings, automotive, OEMs, aerospace & defense, and maritime in both, developed and developing countries. Insulation products are highly preferred to retain the comfort quality of the living space and to minimize the heat flow.
Complete report on global insulation products market across 228 pages, profiling 10 companies and supported with 170 tables and 58 figures is now available at http://www.rnrmarketresearch.com/insulation-products-market-by-insulation-type-thermal-acoustic-and-vacuum-material-mineral-wool-fiberglass-and-foamed-plastics-end-use-industry-residential-commercial-and-industrial-hvac-oem-and-re-st-to-2021-market-report.html .
The thermal insulation segment is projected to be the fastest-growing insulation type in the insulation products market in the next five years. Thermal insulation is highly preferred in the construction of residential and commercial buildings, and in OEM manufacturing industrial sites such as automotive, HVAC, aerospace, and mining to minimize the heat flow.
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Europe, from 2016 to 2021. China accounted for the largest consumption of insulation products, followed by Japan in 2015. In North America, the U.S. is the largest consumer of insulation products. The key reasons attributed to the growth in the Asia-Pacific region are emerging economies, government initiatives for FDI, growing awareness of insulation products, and, most importantly, the increasing trends in end-use industries such as construction and OEMs among others.
The various suppliers of Insulation products profiled in this report such as E. I. du Pont de Nemours and Company (DuPont) (U.S.), Trelleborg AB (Sweden), Avery Dennison Corporation (U.S.), Sika AG (Switzerland), BASF SE (Germany), DUNMORE Corporation (U.S.), Johns Manville, Inc. (U.S.), Knauf Insulation (U.S.), 3M Company (U.S.) and Owens Corning (U.S.). Request a discount on Insulation Products Market by Insulation Type (Thermal, Acoustic, and Vacuum), Material (Mineral Wool, Fiberglass, and Foamed Plastics), End-use Industry (Residential, Commercial, and Industrial, HVAC & OEM), and Region – Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=660841 .
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier1 –41%, Tier2 –17%, and Tier3 –42%
By Designation: C-level –48%, Manager Level – 32%, and Others –20%
By Region: North America –44%, Asia-Pacific – 28%, Europe – 19%, and RoW –9%
On a related note, another research on Fireproof Insulation Market Global Forecast to 2021 says, the global fireproof insulation market is projected to reach USD 23.79 billion by 2021, from USD 18.16 billion in 2015, registering a CAGR of 4.6% between 2016 and 2021. A residential building is the largest and fastest-growing application segment of the market. Plastic foam is the fastest-growing material segment of the market. Rockwool International A/S (Denmark), Knauf Insulation GmbH (Germany), Saint-Gobain S.A. (France), Owens Corning Corporation (U.S.), Berkshire Hathaway, Inc. (U.S.), BASF SE (Germany), Paroc Oy (Finland) have been profiled in this 145 pages research report available at http://www.rnrmarketresearch.com/fireproof-insulation-market-by-material-glass-wool-stone-wool-plastic-foam-others-application-residential-buildings-commercial-buildings-region-north-america-europe-asia-pacific-middle-east-africa-st-to-2021-market-report.html .
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