openPR Logo
Press release

thermal insulation material market will account for US$ 53,286.8 Mn in 2020

03-16-2017 01:12 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

thermal insulation material market will account for US$

Thermal insulation materials are used to restrict flow of heat energy from high temperature to low temperature. Thermal insulation material is used across most industries to decrease energy consumption and to ensure a desired temperature is maintained in an area without need for additional cooling or heating equipment. Thermal insulation materials are primarily used in the construction industry. Globally, buildings account for one-third of the total energy consumed, of which approximately 50% is utilised for heating and cooling of buildings. This material is used in the construction industry primarily to maintain ambient temperature, i.e. 1°C to 100°C.

Global thermal insulation material market is projected to expand at a CAGR of 4.2% during the forecast period, accounting for US$ 53,286.81 Mn by 2020.

Drivers & Trends

Construction sector output, manufacturing industry output, construction industry spending and urbanisation trend are some of the macro-economic drivers of the market. Developed economies such as North America and Europe have formulated regulations concerning energy-efficient buildings and according to Concerted Action Energy Performance of Buildings (a joint initiative program of member states of European Union and European Commission), approximately all new buildings constructed in member states by 2020 should comply with zero-energy standards. Even governments in emerging countries are actively promoting the use of thermal insulation material. In 2014 for instance, Andhra Pradesh (India) adopted Energy Conservation Building Code (ECBC), under which commercial and public buildings in the state are expected to cut costs and slash energy usage by 40% to 60% through use of green building materials. Such regulations and initiatives are identified as underlying driving factors of the market. However, there are few challenges facing the thermal insulation industry such as low awareness of thermal insulation material in emerging economies and high capital cost of thermal insulation in buildings.

Request Report Sample@

Global Thermal Insulation Material Market Value Split, By Region, 2015 and 2020
Thermal Insulation Material – Market Taxonomy

Future Market Insights, in its report titled Thermal Insulation Material Market – Global Industry Assessment and Forecast; 2015–2020, has segmented the market into various segments considering geography, material types and temperature range as the basis for segmentation.

Geographical segmentation includes North America, Asia Pacific except Japan, Latin America, Japan, Western Europe, Eastern Europe and Middle East & Africa. On the basis of material types, thermal insulation material market segmentation includes stone wool, fibreglass, plastic foam and other thermal insulation materials. Additionally, FMI has highlighted growth in the market using absolute dollar opportunity, which is critical in accessing the level of opportunity that an enterprise can achieve, as well as to identify potential resources from both sales and delivery perspectives.

Send An Enquiry@

Analysis by Temperature Range

From temperature range perspective, thermal insulation material application for 1°C to 100°C temperature range is estimated to register highest growth during the forecast period at a CAGR of 4.6%. Thermal insulation material application for −160°C to −50°C temperature range is majorly used in petrochemicals industry for storage of cryogenic gases. Increasing demand for LNG, cryogenic gas in emerging economies such as Asia Pacific is expected to fuel demand for thermal insulation material.

About Us – Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

Contact Us:
Future Market Insights
616 Corporate Way,
Suite 2-9018,
Valley Cottage,
New York 10989,
United States
Tel: +1-347-918-3531
Fax: +1-845-579-5705

This release was published on openPR.

Permanent link to this press release:

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 thermal insulation material market will account for US$ 53,286.8 Mn in 2020 here

News-ID: 470111 • Views: 211

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases

More Releases for Thermal

Global Thermal Carbon Black Products (Low Thermal, Medium Thermal, High Thermal) …
Qyresearchreports include new market research report "Global Thermal Carbon Black Products (Low Thermal, Medium Thermal, High Thermal) Sales Market Report 2018" to its huge collection of research reports. This report studies the global Thermal Carbon Black Products (Low Thermal, Medium Thermal, High Thermal) market status and forecast, categorizes the global Thermal Carbon Black Products (Low Thermal, Medium Thermal, High Thermal) market size (value & volume) by key players, type, application, and
Thermal Imaging Market
Thermal Imaging is a non-contact technique which is used to capture infrared wavelengths emitted through objects, further it processes these inputs into an image. The out of this process forms a color palate which represents the temperature range of the capture image. Thermal imagers are completely radiometric by gauging and recording infrared wavelength at every point in the image. Increasing demands for security and surveillance for residential and homeland security
Blue Image Thermal Paper VS Black Image Thermal Paper
Thermal paper shortage situation still ongoing, which makes thermal paper cost rising month by mont, and this situation no changes after one year shortage. The current thermal paper shortage situation is caused by the shortage of chemicals, mainly dyes. BPS coating is also a problem, but the dyes are more troublesome. Dye is the main chemical used to make thermal paper. And their main supplier CONNECT CHMICALS is still not fully
Thermal Printing Market Thermal Printing Market: Thermal Transfer Technology to …
Future Market Insights (FMI) delivers key insights on the Global Thermal Printing Market in its latest report titled “Thermal Printing Market: Global Industry Analysis and Opportunity Assessment 2015–2025”. The global thermal printing market is projected to register a promising CAGR of 4.4% during the forecast period due to several factors. The report details trends driving each segment and respective sub-segments, delivering analysis and insights about the potential of the thermal printing
Global and Japan Thermal Dilatometers Market: By Technology - Capacitance Therma …
Researchmoz added Most up-to-date research on "Global and Japan Thermal Dilatometers Market: By Technology - Capacitance Thermal Dilatometer, Optical Thermal Dilatometer & So On" to its huge collection of research reports. The global Thermal Dilatometers market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2017, growing at a CAGR of XX% between 2016 and 2022. Japan plays an important role
Global Thermal Conductivity Market 2017 By Key Manufacturers: Thermal Conductivi …
The motive of this strategic research report entitled Global Thermal Conductivity 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 Thermal Conductivity market. Key Notes On Thermal Conductivity Market: Global Thermal Conductivity Market 2017 "offers crucial insights into the global Thermal Conductivity market along with the market size and estimates for the duration