Press release
Global Insulation Market expected to show steady growth by 2020
Insulation Market
Insulation is a method that restricts the transfer of heat or/and electricity. Insulators have opposite effect on the flow of electrons. The R-factor determines the quality of insulator, higher the R-value the more effective insulator power. Good insulators such as wood, plastic, rubber and glass are widely used in different insulation process. Insulators find widespread application in variety of piping and tank. Design considerations for insulation often include insulating value, fire safety, resistance to corrosion, and other factors.
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The insulation market is segmented on the basis of key products including plastic foam, mineral wool, fiberglass and others. Fiberglass was largest product segment accounted for over 40% overall market share in 2014. Fiberglass is commonly used in various applications owing to its excellent properties and low cost. Plastic foam is another key product segment of insulation and is expected to witness significant growth in the near future. Plastic foams are mainly consumed in acoustic and thermal insulation in commercial, residential and industrial application sectors.
Insulators are widely adopted in residential buildings, non-residential construction, industrial, HVAC & OEM and others. Insulation market was dominated by residential buildings segment with over 50% share of the total revenue generated in 2014. The growth of this segment mainly attributed to increasing urbanization coupled with high disposable income. Non-residential construction and industrial, HVAC & OEM are other key application segments.
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Asia pacific was largest regional market for insulation and is accounted for over 40% share of the total revenue generated in 2014. Insulation market in Asia Pacific region is expected to exhibit strong growth owing to rising government support and rapid growth in infrastructure. In terms of revenue, North America was the second largest market for insulation.
Some of the key players operating in this market include Duro-Last Roofing, Inc., The Dow Chemical Company, Owens Corning, Johns Manville, CertainTeed Corporation, Rockwool International A/S, Knauf Gips KG, Atlas Roofing Corporation and Huntsman Corporation.
This report segments the global insulation market as follows:
Global Insulation Market: Product Segment Analysis
Plastic Foam
Mineral Wool
Fiberglass
Others
Global Insulation Market: Product Segment Analysis
Residential Building
Non-residential Construction
Industrial, HVAC & OEM
Others
Global Insulation Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
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