Global Insulation Market to achieve 6% growth over 2018-2024
SELBYVILLE, Del., July 11, 2018 /PRNewswire-iReach/ -- Insulation market from residential construction is estimated surpass USD 36 billion by 2024. Positive application outlook in residential buildings offering proper insulating requirements and sufficing the building codes laid by the regulatory bodies will fuel the product demand. Increasing demand for the products that enhance energy efficiency and assist in energy conservation are among key factors supporting the segment growth.
Insulation Market is estimated to surpass USD 70 billion by 2024; according to a new research report by Global Market Insights, Inc. Rising concern pertaining to global warming along with high electricity bills will drive insulation market size. Implementation of more stringent building codes to promote energy efficient building construction by adding or replacing insulating materials in both residential and nonresidential structure will drive industry growth. Increasing adoption of new building techniques offering superior performance in line with upgraded building regulations will propel the product penetration rate.
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Non-residential construction insulation market is expected to witness CAGR over 3.5% in terms of volume up to 2024. Expansion in global commercial construction industry with focus on reducing energy consumption has enhanced the product demand. Creating optimal comfort in every climate and offering occupant consistent temperature irrespective of the outer weather are among major properties positively influencing product penetration.
Asia Pacific insulation market demand will witness fastest growth over the forecast period. Emerging economies notably Malaysia, Vietnam and Indonesia are expected to invest substantially in new infrastructure projects, funded by both public & private investment. Increasing demand for new residential construction owing to rise in per-capita disposable income will propel product application rate. In addition, rapid construction of malls rapid construction of commercial buildings, malls, and sports complexes will augment regional insulation market size.
Global insulation market share includes Owens Corning, BASF, Atlas Roofing Corporation, Duro-Last Roofing, Inc., CertainTeed Corporation, The Dow Chemical Company, Huntsman International LLC and Rockwool International.
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Chapter 3. Insulation Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.2. Manufacturers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.4.1. Distributors and dealers
3.3.4.2. Digitalization
3.3.5. End-users
3.3.6. Vendor matrix
3.3.6.1. Key manufacturers
3.3.6.2. Product portfolio
3.3.6.3. Global presence
3.4. Technology landscape
3.4.1. Production process
3.4.1.1. Glass fiber
3.4.1.2. EPS
3.5. Fiberglass industry outlook, 2018-2024
3.6. Consumer buying behaviour
3.6.1. Unmet needs
3.6.2. Information search
3.6.3. Evaluation of alternatives
3.6.4. Purchase decision
3.6.5. Post purchase behaviour
3.7. Regulatory landscape
3.7.1. U.S.
3.7.1.1. California code of Regulations
3.7.1.2. Insulation certification by manufacturer:
3.7.1.3. Installation of Urea Formaldehyde Foam Insulation:
3.7.1.4. Flame Spread Rating of Insulation:
3.7.1.5. Installation of Insulation in Existing Building
3.7.1.6. Insulation Requirements for Heated Slab Floors
3.8. Europe
3.8.1. European union
3.8.1.1. Energy Efficiency Directive
3.8.1.1.1. Energy Performance of Buildings Directive (EPBD)
3.8.1.1.2. Energy and Climate Framework for 2030
3.8.1.1.3. Energy Labelling of Windows
3.8.1.2. Green Public Procurement Product Sheet
3.8.1.2.1. Technical specification
3.8.2. Asia Pacific
3.8.2.1. China
3.8.2.1.1. Building codes for China
3.8.3. MEA
3.8.3.1. United Arab Emirates
3.8.4. Latin America
3.8.4.1. Mexico
3.9. Pricing analysis
3.9.1. Fiberglass/Glass Wool
3.9.2. Mineral Wool
3.9.3. Plastic foam
3.9.3.1. EPS
3.9.3.2. XPS
3.9.3.3. Other Plastic Foam
3.9.4. Others
3.9.5. Cost structure analysis, 2017
3.10. Industry impact forces
3.10.1. Growth drivers, by region
3.10.1.1. North America
3.10.1.2. Europe
3.10.1.3. Asia Pacific
3.10.1.4. Latin America
3.10.1.5. MEA
3.10.2. Industry pitfalls & challenges
3.11. Innovation & sustainability
3.12. Growth potential analysis, 2017
3.13. Competitive landscape, 2017
3.13.1. Top players overview
3.13.2. Market share analysis, 2017
3.13.3. Key stake holders
3.13.4. Strategy dashboard
3.14. Porter's analysis
3.15. PESTLE analysis
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Media Contact: Jignesh Thakkar, Global Market Insights, Inc., +13028467766, [email protected]
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