Press release
Thermal Insulation Material Market to Display a Positive Growth of US$ 53,286.8 Mn by 2020
Rising urbanization and increased manufacturing and construction output levels are the key macroeconomic factors expected to escalate the demand for thermal insulation material. The critical need for thermal insulation in order to maintain any industrial system’s performance will continue to sustain the demand for thermal insulation material. Rising consumption of thermal insulation material by a wide range of verticals, such as oil and gas, energy, petrochemicals, and food and beverages, is projected to escalate the demand. Increasing manufacturing levels of automobiles as well as aircrafts will also accelerate the market.
View and Download TOC of Thermal Insulation Material Market Research Report @ https://www.persistencemarketresearch.com/market-research/thermal-insulation-material-market/toc
Growing awareness about the significance of energy conservation and soaring preference for minimum energy spend are expected to accelerate the market growth. Efficient building norms in developed countries as well as emerging regulations regarding efficient building construction in developing countries, will fuel the market further. Governments of emerging economies are increasingly initiating building efficiency norms in order to meet the standards of energy conservation. This will remain a major factor boosting market during the forecast period.
Technological advancements in insulation material, such as high-temperature insulation wool and bio-based insulation material may create lucrative growth opportunities. Moreover, increased emphasis on green energy is expected to benefit the sales of thermal insulation material. Promising introduction of vacuum insulation and nano-insulation will also hold a positive influence on market growth. Low awareness about the usage and expensive costs associated with thermal insulation material are likely to remain the long-term challenges to the market growth.
Request and Download Sample Report @ https://www.persistencemarketresearch.com/samples/12946
Based on material type, fiberglass, stone wool, plastic foam, and others constitute the key sub-segments of the market. On the basis of temperature range, the highest growth will be observed in 1°C to 100°C temperature range segment. While this segment is anticipated to expand at a CAGR of 4.6% over 2016-2020, ?160°C to ?50°C temperature range segment will also register a significant CAGR. This growth is attributed to burgeoning demand from the petrochemicals industry for cryogenic preservation of gas. ?490C to 00C temperature range segment will account for over 25% share of the market value in 2020.
By regional analysis, developing countries in Asia Pacific are identified to remain the largest markets for thermal insulation material. This region will continue to be the largest shareholder with over 45% share in terms of revenues. While Western Europe is another key market, North America is also projected to be a major market by 2020 end.
Some of the leading companies in the global thermal insulation material market are Dow Chemicals Company, Saint Gobain S.A., Asahi Kasei Corporation, BASF SE, E. I. du Pont de Nemours and Company, Bayer AG, Kingspan Group, Rockwool International, Owens Corning, and Berkshire Hathaway.
Buy Full Thermal Insulation Material Market Report @ https://www.persistencemarketresearch.com/market-research/thermal-insulation-material-market/toc
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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 Thermal Insulation Material Market to Display a Positive Growth of US$ 53,286.8 Mn by 2020 here
News-ID: 784576 • Views: …
More Releases from Persistence Market Research
Soft Drinks Packaging Market to Reach US$120.0 Billion by 2033 - Persistence Mar …
The soft drinks packaging market plays a central role in the global beverage industry, serving carbonated drinks, juices, flavored water, energy drinks, and ready to drink teas and coffees. Packaging is no longer limited to containment and transportation; it has evolved into a critical component of branding, sustainability strategy, consumer convenience, and supply chain efficiency. Manufacturers are increasingly focusing on lightweight materials, recyclable packaging formats, and innovative designs that improve…
Christmas Tree Valves Market Size to Reach US$8.1 Billion by 2033 - Persistence …
The Christmas Tree Valves Market plays a critical role in the upstream oil and gas industry, serving as a central component in wellhead equipment systems. Christmas tree valves are installed on oil and gas wells to control pressure, regulate flow, and ensure safe extraction of hydrocarbons. These assemblies, commonly referred to as "Christmas trees," consist of multiple valves, spools, and fittings arranged in a structure that resembles a decorated tree.…
Asia Pacific De-aromatic Solvents Market to Reach US$1,120.2 Million by 2033 - P …
The Asia Pacific De-aromatic Solvents Market is gaining steady momentum as industries across the region increasingly shift toward low aromatic, high purity solvent formulations. De-aromatic solvents are hydrocarbon solvents that have significantly reduced aromatic content, making them suitable for applications requiring low odor, lower toxicity, and improved environmental performance. These solvents are widely used in paints and coatings, adhesives, inks, metalworking fluids, agrochemicals, and cleaning formulations. As regulatory scrutiny around…
Off-Highway Radiators Market to Reach US$ 7.2 Bn by 2033 as Leading Players Like …
The off-highway radiators market plays a vital role in ensuring efficient thermal management in heavy-duty equipment used across construction, agriculture, mining, and forestry sectors. These radiators regulate engine temperatures, prevent overheating, and support consistent equipment performance under extreme operating conditions. Growing mechanization and the expansion of infrastructure projects worldwide are increasing reliance on durable cooling systems. Equipment manufacturers are prioritizing high-performance radiators that offer reliability, longer service life, and resistance…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
