LAS VEGAS, Oct. 18, 2017 (GLOBE NEWSWIRE) -- The insulation market was valued around USD 40.06 billion in 2014 and is expected to reach roughly USD 74.75 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 7.06% during the forecast years, owing to rising consumer awareness about energy conservation. The encouraging regulatory circumstances in the majority parts of the globe, like novel building codes in the EU which necessitate amplified insulation utilization to trim down energy consumption and it is also anticipated to influence demand growth positively. Rising infrastructure expenditure in developing markets of Asia Pacific region such as China, India, Thailand, Indonesia, etc. is also anticipated to encourage growth over the next few years. Unstable prices of major raw materials are projected to pose a major challenge for market players. Raw materials like styrene that are utilized to produce plastic foams are experiencing volatility because of uncertain prices of crude oil. Such problems are projected to challenge major industry players concerning production costs and profitability. Though, in the present scenario, lesser crude oil cost is anticipated to promote the demand growth for plastic foam.
Major Key Player
Huntsman Corporation
Rockwool
Knauf
Johns Manville Corporation
Saint-Gobain S.A.
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The global insulation market is segmented as follows –
By Product type
- Fiberglass
- Plastic Foam
- Mineral Wool
- Other Product Types
By Application
- Residential Construction
- Industrial, HVAC, and OEM
- Nonresidential Construction
By Region
- North America
• Canada
• U.S
• Mexico - Europe
• Spain
• Germany
• UK
• France
• Italy
• Rest of Europe - Asia-Pacific
• Japan
• India
• China
• Australia
• South Korea
• Rest of Asia Pacific - Rest of the World
• Brazil
• United Arab Emirates
• South Africa
• Saudi Arabia
• Others
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Table of Contents
- Introduction
- Executive Summary
- Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Rising Levels of Noise Pollution
3.3.1.2. Prevalence of Birth Complications and Genetic Disorders
3.3.1.3. Demand for Advanced Miniature Hearing Devices
3.3.1.4. Technological Advancements
3.3.2. Restraints
3.3.2.1. High Cost of Devices
3.3.2.2. Lack of Infrastructure in Emerging Economies
3.3.3. Opportunities
3.3.3.1. Innovations in IT Application Enabled Devices such as Bluetooth and Wifi Devices
3.4. Industry Trends - Insulation market By Product
- Insulation market By Application
- Insulation market By Region
- Company Profiles
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