Insulation market revenue is estimated to be $XX Billion in 2019 and shall grow with a CAGR of XX.X% during the forecast period of 2019 to 2026.
Thermal Insulation refers to a product that reduces the rate of heat exchange between two surfaces. There are other types of insulation as well such as acoustic insulation to restrict the exchange of sound and electrical insulation which prevents transmission losses. In this context, thermal insulation is mostly found in industrial applications such as boilers, tanks & pipes that carry hot liquids.
Analysis by Product
Fiberglass, also referred to as Glass wool, is the bread & butter of the insulation industry. It will have a healthy growth rate in the forecast period owing to its low capital cost, flexibility in design, non-flammable & recyclability. It will be in major demand across various sectors and thus has a bright future.
Another developing product line is the plastic foam. It is set for a landslide victory in its target segment owing to its remarkable thermal efficiency, shock absorption, moisture resistance & ease of use. Business expansion in this category will see tremendous growth owing to the expansion of production capacity in the Asia-Pacific region.
Analysis by Application
Non-residential application areas will lead to a strong growth story in the forecast period. These include infrastructure related to education, office and public safety. The spending in these segments is slated to rise at a rapid pace and with that, the revenue potential of insulation shall also benefit.
The other major application area is Industrial. A strong industrial belt will lead to a perennial demand for fiberglass and mineral wool. This is because thermal insulation is a vital element in the economic functioning of boilers and pipes. They cannot be done away with. HVAC systems also utilize thermal insulation in a big way. These primarily include Air Conditioning systems and are expected to be on the rise given the healthy buying power of the consumers and the need for sustained comfort.
Analysis by Region
There is a clear leader in the consumption of insulation. This is the Asia-Pacific region led by China and supported by India and Japan. This is a very promising market as the population of these centers are on the rise and the state has its hand full in providing infrastructure for the lesser privileged. Government initiatives are on the move for more and more infrastructure development, and will thus drive market growth.
Over on the other side, the US is looking at executing the newly formed laws on beefing up insulation in new housing construction. This is in line to achieve better energy-efficient buildings. Moreover, green buildings related work will invariably bring an increase in demand for insulation, the supply for which will be met by players in the market.
Analysis by Market
There is a lot of investment interest being shown by companies in this industry. Established firms such as Owens Corning, BASF and Atlas Roofing are betting big on the market growth of this industry. This is done by Mergers & Acquisitions in this space to better leverage competitive advantages. The distribution networks are also being strengthened. Moreover, major companies have done independent research on forecasts and most have predicted rapid revenue strides for the period.
● Market Revenue Estimation and Forecast (2019 – 2026)
● Market Production Estimation and Forecast (2019 – 2026)
● Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
● Breakdown of Revenue by Segments (2019 – 2026)
● Breakdown of Production by Segments (2019 – 2026)
● Breakdown of Sales Volume by Segments (2019 – 2026)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
By Product Outlook ($Revenue and Unit Sales, 2019-2026)
- Fiberglass/Glass wool
- Mineral wool
- Plastic foam
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
- Residential construction
- Industrial, HVAC & OEM
- Non-residential construction
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
- The Netherlands
- South Korea
- South Africa
- Saudi Arabia
- Owens Corning,
- Atlas Roofing Corporation,
- Duro-Last Roofing, Inc.,
- CertainTeed Corporation,
- The Dow Chemical Company,
- Huntsman International LLC,
- Johns Manville,
- Knauf Gips KG,
- ROCKWOOL International A/S,
- Recticel Insulation,
- Armacell International S.A.,
- Beijing New Building Material Group,
- Byucksan Corporation,
- Huamei Group,
- Kaneka Corporation,
- KCC Corporation,
- Kumho Petrochemical,
- Kingspan Group,
- Lloyd Insulations (India),
- Luyang Energy-Saving Materials,
- Mag-Isover, Nichias Corporation,
- Polyglass, Bondor Indonesia,
- SaeRom Panel,
- Shengquan Group,
- Shinwoo Industrial Company Limited,
- Superlon Worldwide,
- Supreme Petrochem Limited,
- SY Panel Compay Limited,
- Paroc, UP Twiga Fiberglass