Insulation Market Will Grow AT A CAGR of 8.6% By 2024

The global Insulation Market is projected to witness growth with an excellent CAGR of 8.6% over the forecast period. Rising awareness related to energy conservation is driving growth of the insulation market. Although the construction industry has endured subdued records after the outbreak of worldwide financial crisis in 2008, growing apprehensions over enhanced energy efficiency in residential and non-residential buildings, coupled with surging energy costs are rendering HVAC materials as a popular choice. Zero energy buildings have gained prominence as regulatory authorities are incorporating legislation highlighting the importance of minimizing energy loss with the help of Retrofit construction.

Foamed plastic insulation is gaining huge traction especially in North America and the rest of U.S. allowing it to acquire significant market share from mineral wool and fiberglass products. Strong residential growth in China and India is driving demand for this industry. The growing competitiveness among the construction companies is significantly opening up employment opportunities, specifically in building renovation sector.

Request Sample Copy of This Market Research @

https://www.millioninsights.com/industry-reports/insulation-market/request-sample

In 2019, Nemo has launched new synthetic material called FeatherCore that weighs less and packs smaller. They manufacture sleeping bags using synthetic fills called PrimaLoft Silver, which can retain its warmth even in moisture-laden environments.

Some of the key players operating in insulation industry consist of Dow Building Solutions, Byucksan Corporation, GAF Materials Corporation, Huntsman Corporation, Guardian Building Products Inc., Johns Manville, Saint-Gobain S.A., CertainTeed Corporation, Cellofoam North America Inc., ROCKWOOL International A/S, Owens Corning, Atlas Roofing Corporation, and Kingspan Group.

Browse Full Research Report @

https://www.millioninsights.com/industry-reports/insulation-market

Countries like Korea and Japan with tropical climate have experienced greater adoption of HVAC for thermal protection of air conditional systems. Roofing and foaming techniques demand is projected to advance in developing countries owing to rapid industrialization and construction activity. Government efforts to minimize energy consumption predominantly in Western Europe is anticipated to impel implementation of new building codes that mandate more insulation usage. Europe is emerging as a leader R&D for rendering cost-effective energy savings with its existing Energy Performance of Buildings Directive.

Read more insights on @

Author: Steve

Get in touch with us to get latest industry updates of #market #research #report 2021 with covid19 impact analysis, how industries or market is growing? What are the growth and business opportunities? What will be the future? Who will be the leader or competitors?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create your website with WordPress.com
Get started
%d bloggers like this: