Insulation Products Market To Drive The Market Growth

  • According to the new market research report “Insulation Products Market by Material Type (Polystyrene, Polyurethane, Fiberglass, Mineral Wool, Cellulose, Cotton, and Others), by Insulation Type (Thermal, Vacuum, Acoustic), by End-use Industry (Building & Construction, Electrical & Electronics, Furniture, Oil & Gas, Packaging, Food & Beverage, and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) — Global Forecast (2019 to 2027)”, the global insulation products market is projected to reach a value of around USD 95 billion, registering a CAGR of around 7% during the review period
  • Use of insulation products in gaps and crevices reduce heat flow by reflection and/or absorption
  • This results in the reduction of energy consumption as well as greenhouse gas emission
  • These products are widely used for electrical insulation, heat insulation, and sound insulation
  • Efforts to develop eco-cities with green buildings is likely to offer substantial opportunities to the players in this market
  • However, the fluctuating cost of raw material prices is the key restraining factor
  • Growth of the building & construction industry is a key driver for the global insulation products market
  • Rapid industrialization in emerging economies of India, Brazil, Africa, etc. is expected to result in a large number of construction activities
  • Electrical & electronics industry is projected to witness high demand during the assessment period
  • It finds uses in electrical cable & wires, transformers, stabilizers, circuit breakers, printed circuit boards as well as in mobile phones, tablet computers, LCD televisions, microwave ovens.
  • High consumer spending on digital products such as smartphones and televisions, among others is propelling the market growth
  • High capital costs is a major challenge faced by the players and new entrants in this market
  • North America
  • Asia-Pacific
  • BASF SE:
  • SIKA AG:

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