Insulation Market 2020: Industry Analysis, Size, Share, Trends, Growth and Forecast till 2025 - IMARC Group

The global insulation market is expected to grow at a CAGR of around 6.4% during 2020-2025., according to a new report by IMARC Group.

Insulation refers to the process of hindering heat, electricity, and sound from entering or escaping a physical space. It is primarily achieved by installing insulation materials that act as a barrier to the energy flow. Insulators are usually of low thermal conductivity and are widely available in the forms of mineral wool, polyethylene, polystyrene, etc. Several wood-based products, such as hardboard and wooden doors, also aid in insulation, along with spray forms and adhesive strips that are widely used to cover gaps between tiles and windows.

Insulation Market Trends:

The expanding construction industry, along with the growing number of industrial and residential construction projects, is primarily augmenting the market growth. Moreover, rising environmental concerns towards increasing levels of carbon emissions upon heat loss from conventional buildings are also propelling the need for insulation materials.

Furthermore, the growing demand for insulation materials in the automobile sector to manufacture wiper cowls, roll pans, and bumpers is also catalyzing the market growth. Additionally, the increasing adoption of HVAC systems in green buildings will continue to drive the market for insulation materials in the coming years.

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Insulation Market Segmentation

Market Breakup by Material Type:

Mineral Wool
Polyurethane
Polyethylene
Polyvinyl Chloride
Polystyrene
Calcium Silicate
Others

Market Breakup by Function:

Thermal
Electric
Acoustic
Others

Market Breakup by Form:

Pipe
Foam
Blanket
Board
Others

Market Breakup by End Use Industry:

Power
Chemical and Petrochemical
Oil and Gas
Construction
Automotive
Food and Beverage
Others

Market Breakup by Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

For more information about this report: https://www.imarcgroup.com/insulation-market

Some of the major players operating in the industry include 3M Company (NYSE: MMM), GAF, Knauf Insulation, Johns Manville, Owens Corning, Saint Gobain, Recticel (EBR: REC), Kingspan Group, URSA, Rockwool Group, Atlas Roofing Corporation, BASF Polyurethanes, Owens Corning, Byucksan Corporation, Bridgestone Corporation.

Browse related reports:

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Gypsum Board Market Research Report: https://www.marketwatch.com/press-release/gypsum-board-market-2020-industry-analysis-size-price-trends-demand-share-growth-and-forecast-till-2025-imarcgroup-2020-10-06

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This release was published on openPR.