Vancouver, British Columbia, March 11, 2021 (GLOBE NEWSWIRE) – The global insulation materials market size is expected to reach USD 82.96 Billion in 2027 and record a median CAGR over the forecast period, according to the latest analysis soil by Emergen Research. Market revenue growth is high and is expected to decline rapidly due to increased demand for insulation materials due to an increasing focus on the need to reduce energy consumption in buildings. Roof insulation, walls, lofts and foundations are essential for energy efficient residential buildings. Glass is not a very good glass, and the use of insulation materials on view windows, shutters, and horizons will significantly reduce heat loss or heat gain, resulting in a decrease in heat transfer and valve density. As a result, insulation materials lead to the prevention of moisture, frost, mold, and deformation occurring in buildings and buildings due to corrosion.
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Insulation materials in automated applications provide a strong barrier to heat loss and maintain the optimum temperature to improve engine performance and reduce carbon-dioxide emissions. Effective thermal insulation of cars plays an important role in optimal thermal management, which is extremely important in providing better battery backup and longer battery life. In addition, it contributes to the convenience of passengers.
Some of the key events in the report
- In December 2019, Huntsman Corporation announced the construction of Icynene-Lapolla, which is a company engaged in the manufacture and distribution of Polyurethane Foam Spray (SPF) insulation systems for residential and commercial use.
- Glass wool is beneficial in offering efficient thermal insulation, reduced energy consumption, and reduced temperature changes. Also, it helps to reduce noise transmission between walls.
- Polystyrene expanded material (XPS) is finding wide application in new construction and redesign. However, as a result of its production process, the material is available in rectangular / square boards of standard dimensions.
- There is more demand for green buildings due to strict environmental regulations. Programs like LEED have a strong focus on green buildings, which in turn contributes to market growth.
- Industrial hemp is a type of green preservative, which has been experiencing a major upturn in the global market.
- Market growth in Europe is driven by the implementation of mandatory government regulations to undertake energy renewal measures and initiatives.
- Key market players include Roxul Inc., Huntsman International LLC, Kingspan Group, Owens Corning, BASF, GAF Materials Corporation, Johns Manville, The Dow Chemical Company, Cellofoam North America Inc., and Covestro AG, among others .
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Emergen Research has differentiated between the global insulation materials market by product type, distribution channel, application and area:
- Product type forecast (revenue, billion USD; 2017-2027)
- Glass wool
- Mineral wool
- Expanded Polystyrene (EPS)
- Airgel
- Extruded Polystyrene (XPS)
- CMS fibers
- Calcium Silicate
- Polyurethane
- Others
- Circulation Channel Forecast (Revenue, billion USD; 2017-2027)
- Demand Forecast (Revenue, Billion USD; 2017-2027)
- Infrastructure
- Business
- HVAC
- Transport
- Tools
- Furniture / Bed
- Packing
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- Regional Forecast (Revenue, Billion USD; 2017-2027)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- RA
- France
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- The rest of APAC
- Latin America
- Brazil
- The rest of LATAM
- MEA
- Saudi Arabia
- UAE
- The rest of MEA
- North America
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