Press release
Insulation Market Comprehensive Analysis | Key Players - BASF, Atlas Roofing Corporation, Duro-Last Roofing Inc, CertainTeed Corporation, The Dow Chemical Company, Huntsman International LLC, Johns Manville, Knauf Gips KG
Insulation
North America insulation market is expected to surpass USD 16 billion revenue. U.S. government and Department of Energy focusing on promotional activities for appropriate energy use by the adoption of proper insulating materials in building and houses to reduce energy losses are key factors boosting insulation market share during forecast time frame.
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Increasing expenditure on energy efficiency infrastructure is primarily fueling insulation market growth. As per U.S. Census Bureau, construction spending has increased by 6.7% and observed over USD 13.3 trillion expenditure in 2016. Surging construction to improve residential, commercial, and industrial infrastructure along with energy conservation initiatives are key aspects fueling product demand.
Global insulation market share is highly fragmented in nature due to the presence of internal as well as local manufacturers offering wide product range. Some major companies are Rockwool International, BASF, 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 Interntional S.A., Beijing New Building Material Group, Byucksan Corporation, EcoFoam/Insulutions, Huamei Group, Kaneka Corporation, KCC Corporation, Kumho Petrochemical, Kingspan Group, Lloyd Insulations , Luyang Energy Saving Materials, Mag-Isover, Nichias Corporation, Polyglass and Owens Corning focusing on improving production efficiency of several materials. These companies are focusing on reducing prices of material in order to strengthen market share.
Large application scope in chemical & oil, power & energy, manufacturing, industrial construction, and steel plants will fuel product penetration. Specific installing criteria are taken into consideration such as fire safety, eco-friendly, cost-effective and sustainable materials. Insulating material such as fiberglass, mineral wool and plastic foams are widely used in maximum temperature operations that range in 1700- 2500 C. Rapid industrialization in emerging economies is key factor fostering product demand during forecast time frame.
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U.S., Canada, Germany and other emerging economies are focusing on spreading awareness to achieve optimum utilization of resources. Continuous advancements in energy efficient technology in sustainable products for ventilation, insulation, and environmental protection to achieve high quality material will drive demand. Active involvement of authorities in sustainable energy audits emphasizing homeowners for presenting eco-friendly solution for domestic houses and public buildings positively impacting product market.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Insulation Industry Insights
Chapter 4. Insulation Market, By Product
Chapter 5. Insulation Market, By Application
Chapter 6. Insulation Market, By Region
Chapter 7. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/insulation-market
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