Insulation Market Report to 2025 - Growth Projection and Trends Insights
Category: #headlines  By Rahul Varpe  Date: 2020-10-28
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Insulation Market Report to 2025 - Growth Projection and Trends Insights

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.

In 2018, residential construction has substantially supplemented the global insulation industry size and held over half of the market share. Intensifying focus towards building regulations with aim to conserve energy will thrive insulation market trends in modern residential construction activities. Insulation industry forecast report estimates that the sector is anticipated to experience considerable growth over 2019-2026 due to growing demand for housing spaces.

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Insulation market size from industrial segment is predicted to observe considerable growth over 2019-2026. Industrial demand includes coverings for machinery, boilers, tanks, and pipes. For example, At K 2019 in Düsseldorf, BASF has announced to launch Elastopir® Blue, a novel PU rigid foam solution possessing low lambda value. The product achieves outstanding standards of energy efficiency while establishing new standards for sandwich panels. It has exceptional fire protection properties which will help to enhance insulation industry outlook by 2026.

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.

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 industry in developing countries including India, Brazil, China, and South Africa are anticipated to witness lucrative growth from industrial and residential sector. Insulation industry forecast report predicts that global industry will grow with CAGR of almost 6% over 2019-2026.

Fiberglass insulation has proved to be preeminent insulation material for residential and commercial construction. Over the years, the system has been showcasing its ability to cut down utility costs, augment occupant comfort, and make buildings more energy efficient. Fiberglass insulation producers have been looking for eco friendly substitutes to meet certifications and building norms. For example, Johns Manville, a Berkshire Hathaway firm and key building products manufacturer, has apparently announced that its narrow roll insulation and fiberglass batt products has secured the NAIMA R-Value Certification. The certification has provided third-party verification of thermal performance of John Manville.

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Some other key players in insulation market share are Armacell, Huntsman International, Knauf Gips KG, Owens Corning, and Rockwool International. According to the latest research report, insulation industry share is projected to surpass revenue of around $80 billion by 2026.

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.

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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