Thermal Insulation Market to Reach Valuation of US$ 77,770.7 Mn by 2025, Rising Demand of Zero Energy Loss Buildings to Accelerate Market's Growth - TMR

ALBANY, New York, Aug. 22, 2019 /PRNewswire/ -- Stringent building codes in developed regions such as Europe and North America promote the use of thermally insulated materials in buildings. Moreover, the trend of zero energy loss or nearly zero energy loss buildings is taking a center stage which can only be achieved through thermal insulation materials. This collective notion of building structures that conserve energy has been backed by strong government support in the form of tax rebates for home insulation. Resultantly, the thermal insulation market is expected to see an uptake during the forecast period of 2017 to 2025 states Transparency Market Research. Its growth is mainly characterized by the presence of numerous global market vendors, thus intensifying the competition in the market.

Market to Exhibit a CAGR of 5.4%

Rising awareness about insulation products and their benefits and the implementation of numerous energy saving programs are expected to help the market grow at the projected CAGR. Moreover, there is a need for advanced thermal technologies in the end-use sectors such as automotive and aerospace which further support the hike in revenue of the thermal insulation market.

Request a Sample of Global Thermal Insulation Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33167

The report forecasts the thermal insulation market to record a valuation of US$ 77,770.7 Mn by the end of the predefined period. According to a historical analysis, the market was valued at US$ 48,288.3 Mn in 2016. This uptake in the revenue is due to the availability of different types of thermal insulation materials and technological advancements such as soundproofing materials and enhancement in their thermal properties.

Asia Pacific to be at the Helm of the Thermal Insulation Market

On the regional front, Asia Pacific is expected to be a lucrative region for thermal insulation market. This region accounted for more than 35% of the global market in 2016. It is expected to hold its leading position throughout the forecast period owing to a rise in the trend of nuclear families. This calls for a need to enhance the energy conservation setup.

Is something restraining your company's growth in the Thermal Insulation Market? Ask for the report brochure@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=33167

Non-residential insulation is the primary contributor to growth in this region due to the booming industrial sector. Rising re-insulation of old buildings and growing population have further backed the market's growth in Asia Pacific.

North America is also expected to be a promising region for the thermal insulation market's growth owing to favorable government initiatives such as the Weatherization Assistance Program (WAP) and federal funding. The commercial segment in the U.S. is expected to be a major contributor to the market's growth in this region.

Expanding operations in future? To get the perfect launch ask for a custom report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=33167

Focus on Reduction of Energy Consumption Bills to Bolster Thermal Insulation Market Growth

In order to reduce the energy consumption bills, customers are opting for thermal insulation materials and retrofitting the materials in buildings, thus strengthening the market's growth. Moreover, governments across the world are providing tax benefits for green buildings which have led to architects and builders opting for green building materials.

Furthermore, Expanded Polystyrene (EPS) and Extruded Polystyrene (XPS) materials are expected to gain popularity due to long life-span and enhanced energy savings. The wall application has highly contributed to the thermal insulation market's growth owing to extensive use of thermal insulation materials in the interior and exterior of walls.

The use of artificial insulation products may decline due to strict government regulations pertaining to the use of environmentally friendly products. As a result, the trend of recyclable insulation has taken over the market, leading to a rise in the use of biodegradable products.

Purchase this Premium Industry Research Report with Analysis @ https://www.transparencymarketresearch.com/checkout.php?rep_id=33167&ltype=S

The study presented here is based on a report by Transparency Market Research (TMR), titled, "Thermal Insulation Market (Product - Cellular Material, Fibrous Material, and Granular Material; Foam - Rigid Board, Rigid Foam/Foam Board, Flexible Foam, Sprayed Foam, Batts, Loose Fillers, and Barriers; End-user - Building & Construction, Oil & Gas, Aerospace & Aviation, Mechanical Systems, Clothing, Automotive, and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025."

The global thermal insulation market is segmented on the basis of:

Product Type:

• Cellular Material
• Fibrous Material
• Granular Material

Foam Type:

• Rigid Board
• Rigid Foam/Foam Board
• Flexible Foam
• Sprayed Foam
• Batts
• Loose Fillers
• Barriers

End-User Type:

• Building & Construction
• Oil & Gas
• Aerospace & Aviation
• Mechanical Systems
• Clothing
• Automotive
• Industrial

Geography

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

• Insulation Materials Market: https://www.transparencymarketresearch.com/insulation-materials-market.html
• Vacuum Insulation Panels Market: https://www.transparencymarketresearch.com/vacuum-insulation-panels-market.html
• Polyurethane Foam Market: https://www.transparencymarketresearch.com/polyurethane-foam-market.html
• Insulation (Fiberglass, Plastic Foam, Mineral Wool and Others) Market: https://www.transparencymarketresearch.com/insulation-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,90 State Street
Suite 700
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected] 
Website: http://www.transparencymarketresearch.com 
Research Blog: https://beetribune.com/

SOURCE Transparency Market Research