Insulation Market By Top Players, Regions, Trends, Opportunity And Forecast 2014 - 2025.

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 the growth of the insulation market. Although the construction industry has endured subdued records after the outbreak of the 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 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.

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Foamed plastic insulation is gaining huge traction especially in North America and the rest of the 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 the building renovation sector. 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 the 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.

Countries like Korea and Japan with tropical climates have experienced greater adoption of HVAC for thermal protection of air conditional systems. Roofing and framing 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 are anticipated to impel the implementation of new building codes that mandate more insulation usage. Europe is emerging as a leader in R&D for rendering cost-effective energy savings with its existing Energy Performance of Buildings Directive.