openPR Logo
Press release

Extruded Polystyrene Insulation Materials Market projected to reach $3,827 Million by 2023 : Asia-Pacific region is expected to show highest growing rates during forecast period

02-13-2019 03:48 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Extruded Polystyrene Insulation Materials Market

Extruded Polystyrene Insulation Materials Market

Extruded polyesters (XPS) are closed cell, rigid insulation systems that are manufactured using an extrusion process. Plastic resin and other ingredients are liquefied and then extruded through a die, forming a closed-cell structure. XPS utilize air as an insulating medium and are preferred over expanded polyester (EPS) due to high moisture resistance, low thermal conductivity, and high compressive strength.

Extruded Polystyrene Insulation Materials Market Report, published by Allied Market Research, forecasts that the global market was valued at $2,418 million in 2016, and is projected to reach $3,827 million by 2023, growing at a CAGR of 6.5% from 2017 to 2023. The non-residential construction segment is projected to grow at the highest CAGR throughout the forecast period.

Request Sample/ TOC Report @ https://www.alliedmarketresearch.com/request-sample/2081

The extruded polystyrene insulation materials market is driven by growth in demand from non-residential construction sector and construction boom in emerging economies of Asia-Pacific, such as India and China, due to rapid industrialization. Indias urban population is expected to reach 600 million by 2030. However, the presence of toxic chemicals in polystyrene is expected to lower the demand for extruded polystyrene. According to European Unions (EU) Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) program, hexabromocyclododecane (HBDC) present in polystyrene is listed as a chemical of high concern and recommends restricting its use as much as possible. This gives rise to the debate of whether the use of extruded polystyrene in construction should be considered under green building or not. Growth opportunities exist in the market owing to the R&D activities for producing high-quality XPS, without the use of greenhouse gases as foaming agents in XPS manufacturing.

The non-residential segment accounted for more than half of the market share in 2016, owing to the growing requirement for insulated commercial buildings. Use of insulating products in building and construction contributes reduces global warming. Non-residential construction includes retail stores, commercial offices, factories, warehouses, power stations, cold stores, food processing plants, telecom shelters, and public institutions, such as schools and hospitals.

Key Findings of the Extruded Polystyrene Insulation Materials Market

• The non-residential segment is expected to witness the highest growth rate from 2017 to 2023.
• In 2016, China generated maximum revenue, region-wise, with over one-third share of the Asia-Pacific market.
• Brazil is expected to be the fastest growing region in the LAMEA market, growing at a CAGR of 7.5%.
• The residential construction segment accounted for two-fifths share of the market in 2016, and is expected to grow at a CAGR of 6.4%.
• In terms of value, India is projected to grow at the highest rate in the Asia-Pacific extruded polystyrene insulation materials market.

Asia-Pacific dominated the global extruded polystyrene insulation materials market in 2016, attributed to the increase in demand for energy-efficient buildings and adoption of green building systems. High precipitation, extreme temperature variations among the four seasons, and high temperature have increased the need for insulated homes, thereby boosting the market for XPS. Moreover, presence of major market players and their active participation in development activities, like frequent product launches, are further expected to drive the Asia-Pacific market.

Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/2081

Key players operating in the global extruded polystyrene insulation materials market include BASF SE, The Dow Chemical Company, Honeywell International Inc., Kingspan plc, Bayer Material Science, ITW Insulation Systems, Saint-Gobain S.A., Evonik Industries AG, Knauf Insulation, and E. I. du Pont de Nemours and Company.

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Extruded Polystyrene Insulation Materials Market projected to reach $3,827 Million by 2023 : Asia-Pacific region is expected to show highest growing rates during forecast period here

News-ID: 1585917 • Views: 314

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Insulation

Insulation Spider: Multi Criteria Evaluation of Insulation Materials
The Insulation Spider is a simple and practical graphical tool that visualises the strengths and weaknesses of insulating materials; it creates a complete, differentiated and balanced evaluation of sustainability and application aspects. Maaseik, Belgium., April 06, 2018 -- A wide variety of insulation materials is available on the European market, all with their advantages and disadvantages, depending on the area of application. Besides the physical properties and the performance of insulation materials, sustainability
Global Vacuum Insulation Panel Market 2017 - Kingspan Insulation, Knauf Insulati …
Global Vacuum Insulation Panel Market 2017 Research Report presents a professional and deep analysis on the present state of Vacuum Insulation Panel Market 2017 in Chemicals and Materials Industry. High Use of Vacuum Insulation Panel in Chemicals and Materials Industry Driving the Market Growth of Vacuum Insulation Panel. Vacuum Insulation Panel Market 2017 by Type (Precipitated silica Vacuum Insulation Panel, Fumed silica Vacuum Insulation Panel, Nanogel Vacuum Insulation Panel, Glass
Global Cold Insulation Materials Market 2017 - Huntsman, Fletcher Insulation
The motive of this strategic research report entitled "Global Cold Insulation Materials Market 2017" is to provide company officials, industry investors, and industry members with consequential insights to enable them make reliable strategic decisions regarding the opportunities in the global Cold Insulation Materials market. Key Notes On Cold Insulation Materials Market: "Global Cold Insulation Materials Market 2017 "offers crucial insights into the global Cold Insulation Materials market along with the market size
Global Fiberglass Rigid Board Insulation Market 2017 - Knauf Insulation, Owens C …
The recent report on Fiberglass Rigid Board Insulation market offers insightful information about the present scenario of the market across the globe. The report, titled Fiberglass Rigid Board Insulation points out the key factors affecting the growth of the market. Latest market trends as well as the future growth opportunities have been mentioned in the report. The report takes into account the various micro and macro-economic factors governing the overall
Alenco Introduces Radiant Barrier Insulation
11/17/11, Kansas City, Mo – Alenco Inc announces the introduction of an exciting new product in the Kansas City metro area that will lower homeowners’ costs of living while allowing them to maintain comfortable temperatures in their home. The product is called Green Energy Barrier and it is a special radiant barrier reflective insulation system that is so powerful and effective, it is the same radiant heat barrier used
Insulation Tape, Busbar Insulation Tape
Insulation Tape and Busbar Insulation Tape are heat shrinkable tapes which provide insulation enhancement and protection against accidentally induced discharge. These Insulation Tapes are designed to combine the integrity of heat shrinkable tubing with the versatility of a wraparound product. They are quick and easy to install. Yamuna Cable Accessories Pvt. Ltd. is leading Insulation Tape manufacturer, supplier and exporter and seriously involved for quality maintenance in all the manufactured