openPR Logo
Press release

COVID19 Impact on Insulation Market Size and Growth Forecast till 2026 | Top Players: Cellofoam North America Inc, Knauf Insulation, DuPont, ARMACELL YALITIM A.Ş., Owens Corning, etc

Insulation Market

Insulation Market

The global insulation market size is expected to witness considerable growth owing to increasing demand for constructional activities across the globe. Fortune Business Insights, in its latest report, titled “Insulation Market Size, Share & Industry Analysis, By Material (Mineral Wools (Glass Wool, Stone Wool)), Foamed Plastics (Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Polyurethane (PU), Polyisocyanurate (PIR), Cellulose, Aerogels, Others), By Application (HVAC & OEM, Transportation, Packaging, Building & Construction, Others), and Regional Forecast, 2019-2026.” Observes that the market is projected to reach USD 79.06 billion by 2026 while exhibiting a CAGR of 4.6% between 2019 and 2026. The report further mentions that the market was worth USD 55.16 billion in 2018 and is anticipated to rise significantly during the forecast period.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments as well as several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Get Sample PDF Brochure with “Short-Term and Long-Term Impact of COVID-19” on Market, Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/insulation-market-102423

Insulation is essential to maintain the desired temperature in the house that enables protection from harsh summer and chilly winters all year around. It aids in drastic reduction of noise and is useful in conserving energy to a large extent. There are several types of materials such as fiberglass, cellulose, and foam that are regarded as the best insulation options available across the globe. Rising concerns to conserve energy and environment is propelling the demand for insulators that enable cost-efficient options at residential as well as commercial spaces.

What does the Report Include?

The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. The report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.

DRIVING FACTORS

Increasing Demand for Construction Activities to Drive the Market

Insulation is the most sought after in several commercial and residential space. In commercial offices, insulation is vital that aids in cancellation of noise and helps in increasing productivity amongst the employees by maintaining a peaceful and quite surrounding. According to the National Institute of Building Sciences, a quiet and peaceful environment significantly improves the productivity and optimizes performance of the employees.

Rapid industrialization is resulting in the increasing development and renovation of infrastructures that is driving the demand for insulation products. High demand from the food and beverage sector owing to growing consumer demand for dine-ins and development of hotels is anticipated to favor the global insulation market growth in the forthcoming years.

Gain More Insights into the Insulation Market Research Report: https://www.fortunebusinessinsights.com/Insulation-market-102423

REGIONAL INSIGHTS

Increasing Adoption of Sustainable Infrastructures in Asia-Pacific to Aid Growth

Among all regions, the market in Asia Pacific is expected to remain at the forefront and hold the largest global insulation market share during the forecast period. This is ascribable to increasing government support for adopting sustainable infrastructures that involves developing energy-saving solutions such as efficient insulation and solar harnessing devices in the region. Several manufacturers adopting one or more insulating materials in development of commercial and residential spaces in countries such as India and China will contribute for the market growth in the region.

Europe, on the other hand, is anticipated to witness significant growth in the market during the projected horizon. This is attributable to increasing focus on developing zero-emission green buildings owing to stringent government policies between 2019 and 2026.

COMPETITIVE LANDSCAPE

DuPont Collaborating with Shandong Sunris to Have Significant Global Impact

In May 2020, DuPont announced that it has selected Shandong-based, Shandong Sunris New Materials Co., Ltd as its technology license partner for its sustainable and innovative technology, BLUEDGE Polymeric Flame-Retardant. According to the company, the BLUEDGE technology provides a sustainable flame retardant that aids in conservation of environment, while providing optimum level of insulation and fire safety benefits. Adoption of strategies such as merger and acquisition, collaboration, and partnership by the companies is likely to bode well for the growth of the global insulation market during the forecast period.

List of the Companies Operating in the Market:

• Atlas Roofing Company
• Cellofoam North America Inc.
• DuPont
• Knauf Insulation
• Owens Corning
• Armacell S.A.
• Beijing New Building Material (Group) Co., Ltd.
• Evonik
• PT. Bondor Indonesia
• BYUCKSAN
• Huamei Energy-saving Technology Group Co., Ltd.
• Johns Manville
• Kaneka Corporation
• KCC Corporation
• Kingspan Insulation LLC
• Lloyd
• Luyang Energy-saving Materials Co., Ltd.
• NICHIAS Corporation
• ROCKWOOL International A/S
• U.P. Twiga Fiberglass Limited
• GAF
• Superglass
• Reciticel Group
• Ursa
• Firestone Building Products
• Bridgestone Chemitech Co., Ltd.
• K-FLEX S.p.A.
• Sound Seal
• Huntsman International LLC

Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/Insulation-market-102423

Significant Industry Developments of Insulation Market Include:

July 2017 – The Proudfoot Company, a pioneer in noise control products for concrete based applications situated in Connecticut, the U.S. was acquired by Sound Seal for entering new verticals of the acoustic Insulation sector.

November 2019 – The manufacturing facility of Superglass located in Stirling, Scotland, was expanded for increasing the annual production capacity of glass wool Insulation up to 60 KT. For this expansion, the company invested about $48 million to support the demand for Insulation products across Europe.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

About Us

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand current competitive challenges.

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 COVID19 Impact on Insulation Market Size and Growth Forecast till 2026 | Top Players: Cellofoam North America Inc, Knauf Insulation, DuPont, ARMACELL YALITIM A.Ş., Owens Corning, etc here

News-ID: 2131665 • Views: 647

More Releases from Fortune Business Insights™

Oats Market to See High Growth in Upcoming Year by 2029
The global oats market size is expected to reach USD 6.90 billion, exhibiting a CAGR of 3.8% during the forecast period. The growing consumption of whole-grain foods owing to its health benefits will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled "Oats Market Size, Share & Industry Analysis, By Type (Steel Cut, Whole Oats, Instant Oats, and Others), Application (Bakery and Confectionery, Breakfast Cereals,
Green Tea Market Analysis, Size, Share, Growth, Trends, Segmentation And Forecas …
The global green tea market size is projected to reach USD 23.66 billion by 2027, exhibiting a CAGR of 8.0% during the forecast period. Increasing research into the potential benefits of this tea in fighting the coronavirus is expected to open new avenues of expansion for this market, finds Fortune Business Insights™ in its report, titled "Green Tea Market Size, Share & COVID-19 Impact Analysis, Form (Tea Bags, Loose Leaves, Loose Powder,
Chocolate Confectionery Market Size, Growth, Production, Types, Applications and …
The global chocolate confectionery market size is projected to reach USD 136.42 billion by 2027, exhibiting a CAGR of 2.3% during the forecast period. Widespread awareness regarding the potential health benefits of chocolate is expected to play a central role in driving the growth of this market, states Fortune Business Insights™ in its report, titled "Chocolate Confectionery Market Size, Share & COVID-19 Impact Analysis, By Type (Dark, Milk, and White), Category (Premium, Seasonal, and Everyday),
Static and Rotating Equipment Market Reach Valued At $ 38.90 Billion And Grow At …
Static and Rotating Equipment Market 2028 Market Overview: The Report Static and Rotating Equipment Market study by "Fortune Business Insights" provides details about the market dynamics affecting the Market size, Market share, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. This report employs a variety of industry-best methodologies on the data to forecast the future condition of

All 5 Releases


More Releases for Insulation

Fiberglass Insulation Market Top Key Players - Asahi Fiber Glass, Bradford insul …
Fiberglass is a common insulation material used in a variety of buildings. It is made up of extremely thin glass fibers. It's commonly found in a variety of insulating products, including batts, rolls, and loose fill. It's also available in the form of rigid panels and duct shielding. Companies now offer synthetic fibers in medium and higher fiberglass batts with somewhat higher R-Values than conventional batts. Fiberglass can be used to
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
Fiberglass Rigid Board Insulation Market Size 2017-2022: Knauf Insulation, Owens …
Global Fiberglass Rigid Board Insulation Market Research Report A market study ” Global Fiberglass Rigid Board Insulation Market ” examines the performance of the Fiberglass Rigid Board Insulation market 2017. It encloses an in-depth Research of the Fiberglass Rigid Board Insulation market state and the competitive landscape globally. This report analyzes the potential of Fiberglass Rigid Board Insulation market in the present and the future prospects from various angles in detail. Inquiry
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