Latest research study titled, “Insulation Market By product type and application - global industry analysis and forecast to 2022”, published by crystal market research.
Market Highlights:
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.
The global insulation market is segmented as follows:
Insulation Market Assessment and Forecast, By Product Type, 2014-2022:
Fiberglass
Market Highlights:
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.
The global insulation market is segmented as follows:
Insulation Market Assessment and Forecast, By Product Type, 2014-2022:
Fiberglass
Plastic Foam
Mineral Wool
Other Product Types
Insulation Market Assessment and Forecast, By Application, 2014-2022:
Residential Construction
Residential Construction
Industrial, HVAC, and OEM
Nonresidential Construction
Insulation Market Assessment and Forecast, By Region, 2014-2022 ($Million):
North America
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
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