Press release
Global Commercial Insulation Market 2024: Top Key Players are 3M (U.S.), Design Polymerics (U.S.), Vimasco Corporation (U.S.), Mon Eco Industries Inc. (U.S.), Henry Company (U.S.), and Polyguard (U.S.) among others
Global Commercial Insulation Market
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Synopsis – Commercial Insulation Market
Commercial insulation is used to retard the flow of heat. The quality of insulation in buildings provide higher comfort, which can be measured by R-value to provide better energy efficiency and to reduce carbon emission. Insulation materials used in commercial applications require higher R-value to provide superior adhesion to low and high temperatures. Commercial insulation are prominently used in applications, including institutional, hospitals, office buildings, malls, airports, food & beverages, residential buildings, general commercial, warehouses, lodging, and others. In 2016, office buildings, malls, and institutional applications cumulatively accounted for 43.0% of the overall commercial insulation consumption.
Global commercial Insulation consumption is anticipated to be pegged at 261.5 KT by the end of 2024, growing at a CAGR of 5.49% over the forecast period. Major factors influencing the market demand include developing infrastructure in emerging markets and need of energy efficient insulation in commercial buildings to reduce carbon emission/greenhouse gas (GHG) effect. Increasing demand for installation of commercial insulation is expected to influence the market growth at a CAGR of 5.71% through the forecast period, in terms of value.
Regional Analysis
Geographically, the global commercial insulation market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among these regions, North America dominated the global market in terms of consumption and production in 2017 and is expected to retain its dominance through the forecast period. In terms of value, North America commercial insulation market is projected to reach USD 872.6 million by the end of 2024, growing at a CAGR of 5.39% through the forecast period. North America market is followed by Europe and Asia Pacific, respectively.
Segmentation
The global commercial insulation market is segmented into type, application, and region. On the basis of type, commercial insulation market is segmented into wraps/sheets, coatings, and adhesives & sealants. Wraps/sheets include aluminium foil laminate, multi-ply composite membrane, insulation jacketing tapes, polyethylene duct wrap, and others; Coating includes vapour barrier coatings, weather barrier coatings, condensation control coatings, and others; and Adhesives & Sealants includes PVC adhesives, polystyrene foam adhesives, waterbased insulation adhesives, and others.
On the basis of application, market is segmented as institutional, hospitals, office buildings, malls, airports, food & beverages, residential buildings, general commercial, warehouses, lodging, and others. Based on region, the global market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Intended Audience
Commercial Insulation Manufacturers
Commercial insulation Suppliers
Commercial Insulation Contractors
Potential Investors
Nationalized Laboratories
Key Players
Some of the key players operating in the global commercial insulation market are 3M (U.S.), Design Polymerics (U.S.), Vimasco Corporation (U.S.), Mon Eco Industries Inc. (U.S.), Henry Company (U.S.), and Polyguard (U.S.) among others.
Geographic Analysis
The report covers brief analysis of geographical region such as:
North America
Canada
Europe
Germany
France
Italy
Russia
Spain
Poland
Rest of Europe
Asia Pacific
China
India
Japan
Republic of Korea
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
The Middle East & Africa
C.C
Turkey
Israel
Egypt
North Africa
Rest of the Middle East & Africa
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Key Findings
Market Research Future concludes that over the past few years, the global commercial insulation market has witnessed a moderate growth and as per the analysis, the market is likely to continue growing through the forecast period. The market growth is attributed towards the continuously increasing installation of commercial insulation in office buildings, malls, institutional, airports, general commercial buildings, hospitals, warehouses, and lodging. Global commercial Insulation market is projected to reach USD 2,708.1 million by 2024 at a CAGR of 5.71% during the review period of 2017-2024.The wraps/sheets commercial insulation segment accounted for 51.72% share in 2016.
The report about Global Commercial Insulation Market by Market Research Future comprises extensive primary research, along with detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro-economic and governing factors in the market. The report further provides detailed information about strategies used by top key players in the industry. It also conducts a broad study on different market segments and regions.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Market Research Future
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