Global Insulation Market, Size, Share, Development, Growth and Demand Forecast to 2020

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  • GLOBAL INDUSTRY INSIGHT: Insulation Market Size, Share, Development, Growth and Demand

    Forecast to 2020

  • P&S Market Research. All rights reserved 2

    Global Insulation Market Size, Share, Development, Growth and

    Demand Forecast to 2020

    The insulation market is growing with a significant rate due to urbanization, increasing energy cost and

    building regulation codes, and growing construction industry. As green buildings are gaining high

    popularity among consumers, the insulation market is expected to grow in the coming years. Insulating

    buildings are most financially appealing of renewable energy measures and all energy efficiency to

    reduce greenhouse gas emissions.

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    The insulation materials are non-conducting in nature and are used to separate things from its adjacent

    atmosphere for sustaining its normal state. Acoustic insulation, thermal insulation and electrical

    insulation are the types of insulation. Acoustic and thermal insulation are essential to improve the

    quality of life due to their advantages such as to provide an environment that is more comfortable for

    the consumers. Generally atoms are packed in insulators in such a way that they are not able to vibrate

    for transferring the required amount of electrical energy, heat energy or sound energy applied to it. R-

    value (resistance value), the amount of thermal resistance of material, is used to determine the quality

    of the insulator. As much high the R-value of the material is, more better will be the insulator.

    Insulation is a cost effective way by which greenhouse gases emissions in the built environment can be

    decreased and energy consumption can also be reduced. Gases own poor thermal

    conduction properties as compared to solids and liquids, therefore if gases are trapped; it makes a

    superior insulation material. Gases can be disrupted into small cells to increase its effectiveness, which

    will not allow the gas to transfer heat efficiently by natural convection. Insulation performance can be

    disrupted by some factors such as surface emissivity, density, thermal conductivity, thermal bridging

    and specific heat capacity.

    On the basis of products, the insulation market can be categorized as mineral wool, slag wool,

    fiberglass, cotton wool and plastic foam. Plastic foam are of various types such as polyurethane (PUR) foams, expanded polystyrene (EPS), extruded polystyrene (XPS), phenolic foams and polyisocyanurate

    insulation. Fiberglass insulation had become famous under all the products for the construction

    professionals and homeowners due to its properties such as insulative properties, materials low cost,

    ease of installation and fire resistance. The insulation market can be categorized on the basis of

    applications as nonresidential construction, original equipment manufacturing, residential construction,

    industrial, and heating, ventilating and air conditioning (HVAC).

  • P&S Market Research. All rights reserved 3

    Global Insulation Market Size, Share, Development, Growth and

    Demand Forecast to 2020

    Some of the factors driving the growth of the insulation market are stringent regulatory environment and

    cost efficiency. Insulation improves and protects the quality of life by reducing business running and

    household costs. The higher energy requirement is creating an opportunity for the insulation market to

    grow at a more significant rate. However, lack of awareness about the insulation among the consumers

    and volatile price of raw materials are some of the factors restraining the growth of the insulation

    market to some extent.

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    Recently, in June 2015, a Berkshire Hathaway company Johns Manville had introduced lightweight

    spunbond line Euro32m. The Euro32m line supports the rising demand for high end polyester filtration

    media and is expected to raise the Berlin plant's spunbond lightweight capacity by more than 40%.

    Some of the competitors in the insulation market are Duro-Last Roofing, Inc., Atlas Roofing

    Corporation, Knauf Gips KG, ROCKWOOL International A/S, CertainTeed Corporation, Owens

    Corning, The Dow Chemical Company, Johns Manville, and Huntsman International LLC.

  • P&S Market Research. All rights reserved 4

    Global Insulation Market Size, Share, Development, Growth and

    Demand Forecast to 2020

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