Insulation Market 2020 By Regional Statistics, CAGR, Trend & Growth Forecast To 2026
Category: #headlines  By Rahul Varpe  Date: 2020-05-14
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Insulation Market 2020 By Regional Statistics, CAGR, Trend & Growth Forecast To 2026

The insulation market is anticipated to record its name in the billion-dollar space within seven years, by exceeding a revenue of US$ 81.69 billion by 2026, with an anticipated CAGR of 5.9% through 2026.

Growing awareness towards global warming and expanding demand to renew insulating materials in residential & commercial complexes will improve insulation market trends over 2019-2026. Increasing costs of energy and adoption of advanced building techniques to encourage energy efficient systems have been expanding insulation industry outlook. Insulation market in developing countries including India, Brazil, China, and South Africa are anticipated to witness lucrative growth from industrial and residential sector. Insulation market forecast report predicts that global industry will grow with CAGR of almost 6% over 2019-2026.

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Plastic foam segment of insulation industry is bifurcated into expanded polystyrene and extruded polystyrene. Here, expanded polystyrene (EPS) delivers high performing insulation and is utilized in external wall systems. The product provides improved U-values and reduces risk of condensation and water penetration. Its availability in several thickness ranging from 20 mm to 100 mm based on customer demand and building specification will also enhance insulation market outlook. Furthermore, many companies have been developing advanced EPS solutions to spur insulation industry trends.

For instance, Atlas EPS, a part of Atlas Roofing Corporation, has reportedly announced redesigned and rebranded product line for graphite enhanced expanded polystyrene products reflecting evolution of ThermalStar GX Series. The series is developed on latest technology and will showcase novel R5 per inch products, offering high-class alternative to XPS. Combined EPSx® Technology and unique graphite additive improves insulating performance of traditional polystyrene without utilization of blowing agents.

Top Industry Players –

  • Armacell International S.A.,
  • Atlas Roofing Corporation,
  • BASF,
  • Beijing New Building Material Group,
  • Bondor Indonesia,
  • Byucksan Corporation,
  • CertainTeed Corporation,
  • Dow Chemical Company,
  • Duro-Last Roofing, Inc.,
  • EcoFoam/Insulations,
  • Huamei Group,
  • Huntsman International,
  • Johns Manville,
  •  Kaneka Corporation,
  • KCC Corporation,
  • Kingspan Group,
  • Knauf Gips KG,
  • Kumho Petrochemical,
  • Lloyd Insulations (India),
  • Luyang Energy Saving Materials,
  • Mag-Isover,
  • Nichias Corporation,
  • Owens Corning Corp.,
  • Paroc,
  • Polyglass,
  • Recticel Insulation,
  • ROCKWOOL International A/S,
  • Sae Rom Panel,
  • Shengquan Group,
  • Shinwoo Industrial Company Limited,
  • Superlon Worldwide,
  • Supreme Petrochem Limited,
  • SY Panel Company Limited,
  • UP Twiga Fiberglass

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North America insulation market participants will contribute to accelerate global business growth over 2019-2026:

North America insulation market size will witness significant growth over the coming years. Amplifying awareness throughout the region concerning energy saving is pushing prevalence of thermal insulation structures in commercial and residential buildings. Energy bills get higher at the time of extreme winters and summers due to need of maintaining a satisfying interior temperature.

Several market players in North America have also been toiling to boost insulation market share. For instance, Atlas Roofing Corporation has reportedly announced that it has acquired ACH Foam Technologies which is headquartered in Westminster, CO. The company is a key manufacturer of molded polystyrene solutions with production facilities established throughout North America.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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