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Global Insulation Materials Market Report (2020-2025)

The global insulation materials market is expected to reach $53,360.5 million by 2021, growing at a CAGR of 6.2% between 2016 and 2021. This enormous growth is being anticipated due to the various benefits provided by insulation materials such as environmental benefits, emission reduction, less energy consumption, and the material’s potential to be recycled and reused.

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Market Overview

Insulation materials are designed to reduce the heat flow by limiting heat transfer through conduction, convection, and radiation while facilitating vapour flow and water condensation of a process. The insulation materials such as mineral wool, polyurethane foam, polyethylene, extruded polystyrene, expanded polystyrene, polyvinyl chloride, and fiberglass help in insulating the building envelop, reduce energy consumption, and reduce the emissions of greenhouse gas, and offers comfort and safety. These insulation materials find use in residential construction, non-residential, HVAC and OEM, oil and gas, wires and cables, and automobiles. The insulation materials market is expected to grow at a CAGR of 6.2% and 7.2% ($milllion) and (kilotons)  between 2016 and 2021.

The report is a compilation of the different segments of global insulation materials market, including market breakdown by insulation materials type, end-user industry and geographical areas. Herein the revenue generated from the insulation materials types, namely:  polyurethane foam,  mineral wool, expanded polystyrene, polyethylene, extruded polystyrene, and polyvinyl chloride;  end-user industry, namely residential construction, non-residential, wires and cables, HVAC and OEM, automotive, and oil and gas; and geography, namely: North America, Europe, Asia-Pacific, and Rest of the World is tracked to calculate the overall market size, both in terms of value ($million) and volume (kilotons). The report also provides market numbers and analysis on cross segments which includes country by end-user industries. While highlighting the key driving and restraining forces for this market, the report also provides a detailed  summary of the global insulation materials market. It also includes the key participants involved in the industry at the relevant sections.

The report further includes a thorough analysis of the impact of the Porter’s five major forces to understand the overall attractiveness of the industry. The most commonly used strategy for developing a better hold on the market has been through business expansions. Moreover, the company profile section  highlights  significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years.

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World. Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global insulation materials market are BASF SE, Huntsman Corporation, Knauf Insulation, Johns Manville, Nova Chemicals Corporation, Cellofoam North America Inc., and Dow Building Solutions, among others

Competitive Landscape

The global insulation materials market is a highly competitive industry, with all its players competing to gain a greater market share. Rockwool International A/S, Knauf Insulation, Covestro AG, Owens Corning, and Saint-Gobain S.A. are some of the leading companies in this market. Most of the insulation materials manufacturers are of the similar financial capability and the landscape is extremely competitive because of the presence of a large number of players in the market. Therefore, innovation and development has been the key for gaining growth in this market.

To increase the global footprint, insulation material manufacturers are also entering new product launches, and mergers & acquisitions with different distribution networks. For instance, in November 2017, Rockwool International A/S started the construction of a basalt mineral wool production plant in Romania with an investment of $55.3 million. The expansion is expected to help the company move towards fire safety and energy efficient buildings. Additionally, in October 2017, the company purchased 180,000m2 of land in the eastern Swedish municipality of Eskilstuna. The expansion is done with an aim of future expansion of mineral wool production capacity and meet the future demands.

Other key players operating in this market have ramped up their product launch activities over the recent years, to generate public awareness about their existing and new products and technologies, and to compete with the competitors’ product portfolio. For instance, in August 2017, Knauf Insulation launched a system called Supafil Frame to automate the installation of blown glass mineral wool during off-site manufacturing. The system is expected to reduce the time required to insulate modular homes. Similarly, in December 2014, BASF SE changed its entire polystyrene-based insulation product portfolio as per the European market to the new polymeric flame retardant (PolyFR). The change is in compliance with the REACH regulation which restricts the use of hexabromocyclododecane (HBCD) as a flame retardant as of 21 August 2015.

Moreover, extensive R&D activities and appropriate regulatory environments are also a prerequisite for the sustained growth of this market. Various government and private research institutes, and favorable trade policies are putting in substantial efforts to reduce the energy consumption and increase the awareness about insulation materials and its benefits among the consumers

Porter Five Forces Analysis

Major Players

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Table of Contents

1. Research Methodology and Scope

2. Executive Summary

3. Impact of COVID-19 on Insulation Materials Market

4. Market Dynamics

        4.1 Drivers

        4.2 Restraints

        4.3 Supply Chain Analysis

5. Competitive Landscape

        5.1 Key Strategies Adopted by Major Companies

        5.1 Company Share Analysis

6. Insulation Materials Market Segmentation by Type (USD Million and Kilo Tons)

        6.1 Mineral Wool

        6.2 Polyurethane Foam

        6.3 Expanded Polystyrene

        6.4 Polyethylene

        6.5 Extruded Polystyrene

        6.6 Polyvinyl Chloride

        6.7 Others

7. Insulation Materials Market Segmentation by Application (USD Million and Kilo Tons)

        7.1 Residential Construction

        7.2 Non-Residential

        7.3 Wires and Cables

        7.4 HVAC & OEM

        7.5 Automotive

        7.6 Oil & Gas

        7.7 Others

8. Insulation Materials Market by Geography

        8.1 North America

                 8.1.1 United States

                 8.1.2 Canada

                 8.1.3 Mexico

        8.2 Europe

                 8.2.1 United Kingdom

                 8.2.2 France

                 8.2.3 Italy

                 8.2.4 Germany

                 8.2.5 Rest of Europe

        8.3 Asia-Pacific

                 8.3.1 China

                 8.3.2 India

                 8.3.3 Japan

                 8.3.4 South Korea

                 8.3.5 Rest of Asia-Pacific

        8.4 South America

                 8.4.1 Brazil

                 8.4.2 Rest of South America

        8.5 Middle East and Africa

10. Company Profiles

        10.1 Armacell International

        10.2 GAF Materials Corporation

        10.3 Covestro

        10.4 Atlas Roofing Corporation

        10.5 Evonik Industries

        10.6 Huntsman Corporation

        10.7 BASF

        10.8 Fletcher Insulation

        10.9 Cellofoam North America

        10.10 Dow Building Solutions

11. Appendix

Research Methodology

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Global Insulation Materials Market Report (2020-2025)
Global Insulation Materials Market Report (2020-2025)
Included in this report
Industry Financial Ratios
Revenue Forecasts
Historical & Forecast Growth
Industry Market Size
Industry Major Players
Profitability analysis
SWOT Analysis
Industry Trends
Industry Operating Conditions
Porter's 5 Forces Analysis
Countries Available
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