PUNE, India, August 10, 2016 /PRNewswire/ --
The report "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" published by MarketsandMarkets, The market is projected to grow from USD 43.85 Billion in 2016 to USD 62.84 Billion by 2021, at an estimated CAGR of 7.46%.
Browse 170 market data Tables and 58 Figures spread through 228 Pages and in-depth TOC on "Insulation Products Market"
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The market for insulation products is growing due to increasing demand in end-use industries such as construction, automotive, and aerospace & defence.
Thermal insulation type to gain maximum traction during the forecast period
Thermal insulation is highly preferred because of a variety of reasons such as it conserves energy by reducing heat loss, reduces greenhouse emission, controls surface temperatures for personnel protection, and increases comfort. Additionally, thermal insulation products deliver excellent performance in extreme conditions such as high temperature, cold, and humidity.
Commercial construction segment is projected to grow at the highest rate during the forecast period
The Insulation Products Market is segmented on the basis of end-use industry into commercial; residential; and industrial, HVAC & OEM equipment. In 2015, the commercial construction segment accounted for the largest share of the end-use industry segment and it is also projected to grow at the highest CAGR during the forecast period. The increasing demand in construction industry, increasing urbanization & industrialization in emerging countries, and governments' initiatives to propel FDI are the main drivers for the Insulation Products Market.
Asia-Pacific to play a key role in the market for insulation products
On the basis of key regions, the market for insulation products is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Low labor costs, increasing industrialization, a large scope for FDI, emerging economic conditions, stable government scenarios, and an excellent hold on industries such as construction, automotive, marine, and aerospace have played a crucial role in the growth of the market for insulation products packaging in the Asia-Pacific region.
The key players considered in the report are:
- E. I. du Pont de Nemours and Company (DuPont) (U.S.)
- Trelleborg AB (Sweden)
- Sika AG (Switzerland)
- Avery Dennison Corporation (U.S.)
- Owens Corning (U.S.)
- BASF SE (Germany)
- DUNMORE Corporation (U.S.)
- 3M Company (U.S.)
- Knauf Insulation (U.S.)
- Johns Manville, Inc. (Berkshire Hathaway) (U.S.)
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