Zion Market Research has published a new report titled “Insulation (Plastic Foam, Mineral Wool, Fiberglass and Others) Market for Residential Buildings, Non-Residential Construction, Industrial, HVAC & OEM and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020”. According to the report, the global insulation market was valued at approximately USD 40.0 billion in 2014 and is expected to reach approximately USD 65.0 billion by 2020, growing at a CAGR of around 8.0% between 2015 and 2020.
Insulation is a method that restricts the transfer of heat or/and electricity. Insulators have opposite effect on the flow of electrons. The R-factor determines the quality of insulator, higher the R-value the more effective insulator power. Good insulators such as wood, plastic, rubber and glass are widely used in different insulation process. Insulators find widespread application in variety of piping and tank. Design considerations for insulation often include insulating value, fire safety, resistance to corrosion, and other factors.
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The insulation market is segmented on the basis of key products including plastic foam, mineral wool, fiberglass and others. Fiberglass was largest product segment accounted for over 40% overall market share in 2014. Fiberglass is commonly used in various applications owing to its excellent properties and low cost. Plastic foam is another key product segment of insulation and is expected to witness significant growth in the near future. Plastic foams are mainly consumed in acoustic and thermal insulation in commercial, residential and industrial application sectors.
Insulators are widely adopted in residential buildings, non-residential construction, industrial, HVAC & OEM and others. Insulation market was dominated by residential buildings segment with over 50% share of the total revenue generated in 2014. The growth of this segment mainly attributed to increasing urbanization coupled with high disposable income. Non-residential construction and industrial, HVAC & OEM are other key application segments.
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Asia pacific was largest regional market for insulation and is accounted for over 40% share of the total revenue generated in 2014. Insulation market in Asia Pacific region is expected to exhibit strong growth owing to rising government support and rapid growth in infrastructure. In terms of revenue, North America was the second largest market for insulation.
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Some of the key players operating in this market include Duro-Last Roofing, Inc., The Dow Chemical Company, Owens Corning, Johns Manville, CertainTeed Corporation, Rockwool International A/S, Knauf Gips KG, Atlas Roofing Corporation and Huntsman Corporation.
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