LONDON, May 16, 2016 /PRNewswire/ -- Advanced Insulation Materials Technologies for Building and Construction (TechVision) : Moving towards environmentally friendly and sustainable materials
Global insulation materials industry is poised for growth due to the rising demand of efficient insulation in both residential sector on account of the increase in energy costs and tightening governmental policies. The importance of energy conservation is also expected to drive the insulation market.
Over the last few years, various government initiatives have been put in to place to reduce greenhouse gas emissions and thus promote energy efficiency, thereby, boosting the insulation market. Additionally, efficient materials are also being used to provide sound and vibration insulation. This research service titled, "Advanced Insulation Materials Technologies for Building & Construction (TechVision)", focuses on providing an overview of the existing and emerging insulating materials technologies highlighting the key characteristics and innovations in each material.
The research also captures the regional current and future trends of the insulating materials, research focus areas and the key players across segments. It also includes patent trends, funding scenario and the mergers and acquisitions happening in this segment. The research also includes a criteria based benchmarking to understand the insulation material of choice across segments.
The global insulation industry for the building & construction sector is experiencing a steady growth in the last years and the same trend is expected in the next 5 years.
This is primarily because of the increase in stringency of the building and energy codes across the world. Fiberglass is the most widely used insulating material in the US while in Europe, the material varies from country to country.
The insulation market is mainly focused on materials which provide thermal insulation. This is basically because of the energy and building codes and movement towards saving energy costs. USA is the largest market for the insulation in the building & construction sector while Asia Pacific is one of the fastest growing markets.
One of the key trends of the sector is that it is experiencing a lot of government funding. Lot of R&D activity is also taking place in the sector as it is moving towards more environmental friendly products.
Companies in North America are acquiring other companies for growth while in Europe and Asia Pacific. companies are more interested in partnering with other organizations/universities.
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