Insulation Industry Witness for Rapid Growth in Business with Rising infrastructure expenditure in developing markets: Key Players - Huntsman Corporation, Rockwool, Knauf, Johns Manville Corporation, Saint-Gobain S.A

The global Insulation Industry is distinguished by the existence of international conglomerates. Manufacturing of these materials is extremely capital-centric and thus, the hurdles to access are high. Accomplishing economies of level remains the key focal point for market participants to survive the rivalry. The market is dominated by 4 key companies by means of a very little difference in their product presentation.

Crystal Market Research published “Insulation Market by Product Type and Application - Global Industry Analysis and Forecast to 2022” from its database. The report reviews top companies involved and enlists all trials pertaining to the company.

Market Overview: The insulation market was valued around USD 40.06 billion in 2014 and is expected to reach roughly USD 74.75 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 7.06% during the forecast years, owing to rising consumer awareness about energy conservation. The encouraging regulatory circumstances in the majority parts of the globe, like novel building codes in the EU which necessitate amplified insulation utilization to trim down energy consumption and it is also anticipated to influence demand growth positively.

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Competitive Insights: Competition in the market is greatly impacted by ecological regulations. Major players working in the market include Huntsman Corporation, Rockwool, Knauf, Johns Manville Corporation, and Saint-Gobain S.A.

Rising infrastructure expenditure in developing markets of Asia Pacific region such as China, India, Thailand, Indonesia, etc. is also anticipated to encourage growth over the next few years. Unstable prices of major raw materials are projected to pose a major challenge for market players. Raw materials like styrene that are utilized to produce plastic foams are experiencing volatility because of uncertain prices of crude oil. Such problems are projected to challenge major industry players concerning production costs and profitability. Though, in the present scenario, lesser crude oil cost is anticipated to promote the demand growth for plastic foam. Eminent level of desegregation subsists in the foamed plastic industry as the staple suppliers are incorporated ahead to produce insulation products.

Key players in the global market are expected to aim for initial mover benefit in order to attain a bigger share and also enlarge the portfolio of the product. Rising expenditure on R&D by key manufacturers is predicted to have a positive impact on the global market. Top players have been concentrating on acquisitions mergers and to develop their existence in the developing regions. Huntsman acquired around 20% shares in Nippon Aqua Co. Ltd. in accordance strengthen grip in the East Asian market during 2013.

Market Segmentation:

Insulation Market, By Product Type, Estimates and Forecast, 2014-2022 ($Million)
Fiberglass
Plastic Foam
Mineral Wool
Other Product Types

Insulation Market, By Application, Estimates and Forecast, 2014-2022 ($Million)
Residential Construction
Industrial, HVAC, and OEM
Nonresidential Construction

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Application Outlook and Trend Analysis: The residential application section is expected to rule the market and is estimated to reach a substantial amount by the end of forecast period. Rising need for thermal insulation for households in North America and Europe is predicted to fuel the growth of the applications. The United States Dept. of Energy initiative through Weatherization Assistance Program (WAP) to amend the energy competence of low-income houses by federal financial support is anticipated to impact the insulation demand in residential construction positively. Increasing residential infrastructure segment around developing region is likely to further balance the market growth during the forecast years. Rising urbanization in developing countries of Asia Pacific region has amplified the need for improved public and commercial infrastructure. This trend together with encouraging regulations concerning the energy competence of these buildings is anticipated to fuel insulation requirement in non-residential building application during the forecast years.

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Major Table of Content:

1.Introduction
1.1.Report Description
1.2.Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
…
2.Executive Summary
2.1.Key Highlights
…
3.Market Overview
3.1.Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2.Market Share Analysis
3.3.Market Dynamics
3.3.1. Drivers
…
4.Insulation Market, By Product Type
4.1.Introduction
4.2.Insulation Market Assessment and Forecast, By Product Type, 2014-2022
4.3.Fiberglass
4.3.1. Market Assessment and Forecast, By Region, 2014-2022 ($Million)
4.4.Plastic Foam
…
5.Insulation Market, By Application
5.1.Introduction
5.2.Insulation Market Assessment and Forecast, By Application, 2014-2022
5.3.Residential Construction
5.3.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)
5.4.Industrial, HVAC, and OEM
5.4.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)
5.5.Nonresidential Construction
5.5.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)
…
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