Selbyville, Delaware, Oct. 29, 2019 (GLOBE NEWSWIRE) --
Global Insulation Market share is expected to cross USD 80 billion by 2026; according to a new research report by Global Market Insights, Inc. Increasing energy cost and penetration of modern building techniques are driving the global market share across residential constructions, as well as industrial and commercial sectors. Developing countries such as India, Brazil, China, and South Africa are likely to witness significant gains with expanding regional construction sector and industrial output over forecast period.
With growing focus on sustainable development by several governments, manufacturers are now looking for environment friendly substitutes in order to meet the building norms. Stringent regulations pertaining to different building and material codes may have a negative influence on the insulation market profitability and growth. Industry players must adhere to strictly monitored production processes to keep a check on toxicity and carcinogenicity of the materials and comply with the stringent emission and regulatory norms. This incurs significant expenses and time, thereby affecting the product development significantly. To counter this issue, some manufacturers are beginning to invest in recyclable and green insulating materials, that are environment friendly and do not cause damage to the human health.
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Expanded polystyrene (EPS) offers high performing insulation used in the external wall systems. The product offers enhanced U-values and minimizes the risk of water penetration and condensation. The availability of the product in various thickness ranging from 20 mm to 100 mm depending upon the building specification and customer requirement will positively drive the insulation market penetration. Extruded polystyrene (XPS) is manufactured using extrusion process resulting in closed cell structure, thereby offering a smooth skin.
Insulation Market Share, By Product
1.1 Global market share by product insights
1.2 Fiberglass/ Glass Wool
1.2.1 Market estimates and forecast, 2016 - 2026, (Billion Square Meters) (USD Billion)
1.2.2 Market estimates & forecast, by region, 2016-2026 (Billion Square Meters) (USD Billion)
1.3 Mineral Wool
1.3.1 Market estimates and forecast, 2016 - 2026, (Billion Square Meters) (USD Billion)
1.3.2 Market estimates & forecast, by region, 2016 - 2026 (Billion Square Meters) (USD Billion)
1.4 Plastic Foam
1.4.1 Market estimates and forecast, 2016 - 2026, (Billion Square Meters) (USD Billion)
1.4.2 Market estimates & forecast, by region, 2016 - 2026 (Billion Square Meters) (USD Billion)
1.4.3 Expanded Polystyrene
1.4.3.1 Market estimates and forecast, 2016 - 2026, (Billion Square Meters) (USD Billion)
1.4.3.2 Market estimates & forecast, by region, 2016 - 2026 (Billion Square Meters) (USD Billion)
1.4.4 Extruded Polystyrene
1.4.4.1 Market estimates and forecast, 2016 - 2026, (Billion Square Meters) (USD Billion)
1.4.4.2 Market estimates & forecast, by region, 2016 - 2026 (Billion Square Meters) (USD Billion)
1.4.5 Others
1.4.5.1 Market estimates and forecast, 2016 - 2026, (Billion Square Meters) (USD Billion)
1.4.5.2 Market estimates & forecast, by region, 2016 - 2026 (Billion Square Meters) (USD Billion)
1.5 Others
1.5.1 Market estimates and forecast, 2016 - 2026, (Billion Square Meters) (USD Billion)
1.5.2 Market estimates & forecast, by region, 2016 - 2026 (Billion Square Meters) (USD Billion)
Residential construction dominated the global insulation share and accounted for more than half of the market share in 2018. Increasing focus on building regulations pertaining to energy conservation is likely to propel the product consumption in new residential construction activities. This sector is likely to witness considerable growth over the forecast period owing to increasing demand for housing spaces.
Browse key industry insights spread across 290 pages with 205 market data tables & 23 figures & charts from the report, “Insulation Market Size By Product (Fiberglass/Glass Wool, Mineral Wool, Plastic Foam [Expanded Polystyrene, Extruded Polystyrene], By Application (Residential Construction, Industrial, HVAC & OEM, Non-residential Construction) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/insulation-market
North America will showcase considerable growth over the projected timeframe. Increasing awareness across the region regarding energy saving is leading towards popularity of thermal insulation structures in housing and commercial buildings. Energy bills get higher during extreme summers and winters owing to the necessity of maintaining a pleasant interior temperature. Increasing electricity cost is a major concern affecting overall energy usage parameters, resulting in a high product demand in the region.
The major players in insulation market share include Huntsman International, Armacell, Knauf Gips KG, Rockwool International, and Owens Corning. The companies are engaged in strategic investments for expanding their geographical presence and cater to a wide customer base. For instance, in 2017, Rockwool International announced its plans for purchasing lands in the U.S., Sweden, and Romania. This strategy was aimed at increasing the production capacity, improve efficiency, and expand their business operations geographically.
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Browse Related Reports:
Fiberglass Duct Wrap Insulation Market Statistics 2024: Faced fiberglass duct wrap insulation industry catered for over 65% of the industry share in 2017. Rising product demand for acoustic and thermal control in air conditioning and air handling equipment, will propel the product demand. Owens Corning, Johns Manville, CertainTeed and Knauf are among major fiberglass duct wrap insulation manufacturers.
https://www.gminsights.com/industry-analysis/fiberglass-duct-wrap-insulation-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.