The global insulation market is anticipated to grow at a CAGR of around 6.0% during the forecast period 2020 to 2027 and to reach market value of around US$ 86.3 Bn by 2027.

Market Dynamics

Government of developed and developing countries is focused on developing present infrastructure which is resulting in construction and reconstruction activities, coupled with high adoption of insulation products from construction sector in order for energy conservation and prevent heat or sound from being transmitted from one area to another are factors expected to drive the global market.

Major players are focused on enhance the consumer base and with the introduction of new innovative products player are attracting new customers which is further expected to impact the growth of target market.

• In 2019 Knauf Insulation launched Acoustic Batt specifically for African market. Acoustic Batt has been specifically developed to meet demand for a noise reducing insulation slab. This product launch is expected to increase the company’s customer base and increase the profit ratio

In addition, inclination towards business expansion through strategic merger and acquisitions is expected to increase the profit ratio this is another factor expected to further augment the growth of target market.

• In 2019, Huntsman Corporation acquired Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications. This is expected to help the company to increase the profit ratio and enhance the customer base.
• In 2019, Installed Building Products, Inc. acquired Expert Insulation, Inc. a company focused on providing fiberglass and spray foam insulation installation services, as well as waterproofing services for commercial, residential, and multi-family customers. This will help the company to enhance the product portfolio and increase the revenue share.

However, factors such as fluctuating raw material prices and stringent government regulation related to product approval are factors expected to hamper the growth of global insulation market. In addition, emergence of environment friendly green products is expected to lower the adoption further expected to challenge the growth of target market.

High investment by major players for R&D activities and approach towards product development are factors expected to create new opportunities for players operating in the target market over the forecast period.

Insulation Market Segment Analysis, 2019

The global insulation market is segmented in to product and application. The product segment is further bifurcated in to glass wool, mineral wool, EPS, XPS, CMS fibers, calcium silicate, aerogel, cellulose, PIR, phenolic foam, and polyurethane. Among application infrastructure segment is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to rising awareness among consumers related to energy conservation. In addition, major players approach towards business development and innovative product launches is expected to support the growth of regional market.

Asia Pacific is expected to witness faster growth in the near future owing to high constriction and reconstruction activities and rising demand for insulation products from construction sector. In addition, players are inclining towards entering economies due to easy availability of raw material and low cost labor is expected to further support the growth of regional market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market	Global Insulation Market
Analysis Period	2016 – 2027
Base Year	2019
Forecast Data	2020 – 2027
Market Stratification	Product, Application and Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

 

The market research study on “Insulation Market (Product: Glass Wool, Mineral Wool, EPS, XPS, CMS Fibers, Calcium Silicate, Aerogel, Cellulose, PIR, Phenolic Foam and Polyurethane; Application: Infrastructure, Industrial, HVAC & OEM, Transportation, Appliances, Furniture, and Packaging) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global insulation market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global insulation market segment by product, application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global insulation market size and segment markets by product, application and geography along with the information on companies operating in the market. The insulation market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Cellofoam North America Inc., Atlas Roofing Corporation, BASF, Bayer, Certain Teed, Dow Building Solutions, GAF Materials Corp., Knauf, Nova Chemicals Corp., and Owens Corning Corp.

Market Segmentation

Market By Product

• Glass Wool
• Mineral Wool
• EPS
• XPS
• CMS Fibers
• Calcium Silicate
• Aerogel
• Cellulose
• PIR
• Phenolic Foam
• Polyurethane

Market By Application

• Infrastructure
• Industrial
• HVAC & OEM
• Transportation
• Appliances
• Furniture
• Packaging

Market By Region

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

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