Insulation Materials Market Size to Reach USD 82.96 Billion in 2027 | Increasing Demand for Reduced Energy Consumption in Buildings is a Significant Factor Influencing Industry Growth, says Emergen Research

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 register a moderate CAGR over the forecast period, according to latest analysis by Emergen Research. Market revenue growth is high and expected to incline rapidly going ahead due to rising demand for insulation materials attributed to rising focus on need to reduce energy consumption in buildings. Insulation of roofs, walls, attics, and foundations are a vital requirement for energy-efficient residential buildings. Glass is not a very good insulator, and deployment of insulation materials on see-through windows, envelopes, and skylights substantially reduces heat loss or heat gain, causing a reduction in heat transfer and vapor condensation. Consequently, insulation materials lead to prevention of humidity, freezing, mold, and deformation occurring in buildings and constructions due to corrosion.Claim Your FREE Sample Copy with Table of content@ materials in automotive applications provide a robust heat loss barrier and maintain the optimal temperature to enhance engine performance and decrease carbon-dioxide emissions. The effective thermal insulation of automotive performs a crucial role in optimal thermal management, which is of immense significance in providing better battery backup and longer battery life. Furthermore, it adds to convenience of passengers.Some Key Highlights In The ReportIn December 2019, Huntsman Corporation announced the acquisition of Icynene-Lapolla, which is a firm engaged in the production and distribution of Spray Polyurethane Foam (SPF) insulation systems for residential usage and commercial sectors.Glass wool is beneficial in offering effective thermal insulation, reduced energy consumption, and decreases temperature variations. Also, it helps in lessening sound transmission between walls.Expanded Polystyrene (XPS) material finds wide application in new and retrofit construction. However, owing to its production process, the material is available in rectangular/square boards of standard dimensions.Increasing demand for green buildings is attributed to stringent environmental regulations. Programs like LEED are significantly driving focus on green buildings, and in turn boosting market growth.Industrial hemp is a kind of green insulation material, which has been gaining substantial momentum in the global market.Growth of the market in Europe is driven by imposition of mandatory government regulations for undertaking energy renovation measures and initiatives.Key players in the market 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.Check Our Prices@
Emergen Research has segmented the global insulation materials market on the basis of product type, distribution channel, application, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)Glass WoolMineral WoolExpanded Polystyrene (EPS)AerogelExtruded Polystyrene (XPS)CMS FibersCalcium SilicatePolyurethaneOthersDistribution Channel Outlook (Revenue, USD Billion; 2017-2027)OnlineOfflineApplication Outlook (Revenue, USD Billion; 2017-2027)InfrastructureIndustrialHVACTransportationAppliancesFurniture/BeddingPackagingClick to access the Report Study, Read key highlights of the Report and Look at Projected Trends: Outlook (Revenue, USD Billion; 2017-2027)North AmericaU.S.CanadaMexicoEuropeGermanyUKFranceItalySpainBENELUXRest of EuropeAsia PacificChinaIndiaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMEASaudi ArabiaUAERest of MEATake a Look at our Related Reports:Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [email protected]Facebook | LinkedIn | Twitter | BlogsRead Full Press Release:

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