November 26, 2019
According to the research report titled ‘Global Thermal Insulation Materials Market (Glass Wool, Stone Wool, Expanded Polystyrene, Extruded Polystyrene, Polyurethane, Others): Analysis By End-Use, By Region, By Country (2018 Edition) Forecast to 2023’ available with Market Study Report LLC, the global thermal insulation materials market is estimated to register significant growth during the period of 2018-2023.
For the record, materials providing thermal insulation play a vital role in reducing the heat transfer between objects of differing temperatures in thermal contact. These materials prevent heat loss, while also providing safety from thermal accidents.
Expansion of construction sectors and increasing number of residential & commercial projects, coupled with extensive use of thermal insulation materials across various applications are impelling the growth of the global thermal insulation materials market. Favorable federal reforms to reduce carbon emissions and improved conscience towards energy efficiency among consumers will augment the demand for thermal insulation materials across the globe.
Notably, the research report analyzes the potential growth opportunities in thermal insulation materials market. The study further aims to provide top-notch business information to investors to evaluate their investments thoroughly.
Based on material type, thermal insulation materials market is categorized into stone wool, glass wool, polyurethane, extruded polystyrene, expanded polystyrene, and others. In terms of end-user spectrum, the market is classified as HVAC & appliances, building construction, mechanical or industrial equipment, automotive, and others.
Considering the geographical landscape, the global thermal insulation materials market is divided into regions namely, Europe, North America, Latin America, Asia-Pacific, and Middle East & Africa, with primary focus on countries which include Canada, US, Mexico, France, Germany, Italy, UK, South Korea, Japan, and China.
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The report cites that Asia-Pacific thermal insulation materials market held the largest regional share in 2018 and is anticipated to witness accelerated growth over the analysis period. The regional growth is attributed to growing industrial and construction sectors in emerging economies like India, China, South Korea, Japan, Malaysia, and Indonesia.
The key players in the global thermal insulation materials market are Rockwool, Armacell, Owens Corning, BASF, Saint Gobain, DOW Chemicals, Paroc Group, Huntsman Corp., Knauf Insulation, and Johns Manville.
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