Press release
Thermal Insulation Material Market Revenue is expected to Surpass 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.
Read Report Overview @ https://www.persistencemarketresearch.com/market-research/thermal-insulation-material-market.asp
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 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.
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.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
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 Revenue is expected to Surpass US$ 53,286.8 Mn by 2020 here
News-ID: 830497 • Views: …
More Releases from Persistence Market Research
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview:
The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period.
Market Size and Growth:
The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and…
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction
Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities.
Get Access To…
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview:
The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033.
The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an…
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products.
To obtain the latest market…
More Releases for PMR
AC Hose Market Trends – PMR Blog
AC Hose are important parts of the AC assembly of an automotive. AC hoses help to attach a pipe to the air-conditioning unit and intake/exit units in an Automotive. AC Hose aid in the air flow to and fro the AC unit in a vehicle. Both AC pipe and hose are designed to bear high pressure in all environments. In working condition, an AC pipe faces the pressure of 25–30…
Protein Hydrolysate Ingredients Market Trends – PMR Blog
Protein hydrolysate ingredients are the group of peptides derived from proteins. Protein hydrolysate are rich in protein content and are absorbed more quickly in comparison to other proteins. The different type of protein hydrolysate ingredients include milk protein hydrolysate and meat protein hydrolysate. These protein hydrolysate ingredients have relatively low antigenic properties. Protein hydrolysates ingredients enhance the digestibility and reduces the protein allergy especially in infants.
Request to Sample of Report-…
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…
