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Global insulation market was valued at US$ 37.87 Bn in 2013 and is anticipated to reach US$ 64.91 Bn in 2020, expanding at a CAGR of 8.0% from 2014 to 2020.
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Transparency Market Research Insulation (Fiberglass, Plastic Foam, Mineral Wool and Others) Market for Residential Construction, Industrial, HVAC & OEM, and Nonresidential Construction Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 Published Date 2015-02-27 68 Page Report Request Sample Buy Now Press Release Global Insulation Market: Increasing Concerns over Global Warming to Reflect on Demand for Insulating Materials, Says TMR Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Insulation Market REPORT DESCRIPTION Global Insulation Market: Snapshot The primary job of insulation, be it thermal, electric, or acoustic, is to minimize the interaction between a substance and its environment. This can work in the form of thermal insulation for houses and other construction, electric insulation for wires and cables, etc. The global insulation market has been driven in recent years by the expansion of the construction industry, which is likely to remain a prime driver for the market in the coming years. The rising demand from the automotive industry is also likely to play an important role in the development of the global insulation market in the coming years. This 68-page report gives readers a comprehensive overview of the Insulation market. Browse through 11 data tables and 17 figures to unlock the hidden opportunities in this market. http://www.transparencymarketresearch.com/insulation-market.html During the ongoing decade, the global insulation market is expected to rise close to threefold, and is expected to be valued at US$64.9 bn in 2020. Booming Construction Industry Drives Demand for Thermal, Electric, Acoustic Insulation The construction industry has undergone steady recovery following the global economic slowdown in 2008-09 and has enjoyed sustained growth over the last decade. The demand for 2 Transparency Market Research
Insulation Market residential construction has exhibited a steady upward curve in the last few years thanks to the rising disposable income of consumers in developing regions. The quickening pace of immigration into major cities across the world has also added to the rising need for new residential construction. Commercial construction is also likely to rise in volume in the coming years due to the rising number of corporate institutions and the rising demand for entertainment and shopping units such as malls and theaters. The steady growth of the global automotive industry has also had a crucial impact on the trajectory of the global insulation market. Consistent advancements in automotive design have led to large-scale use of insulation materials in automobiles for thermal, acoustic, as well as electric insulation. The rising use of automotive electronics is likely to ensure sustained demand from the global insulation market in the coming years, whereas the rising demand for premium cars could also sustain steady demand for acoustic insulation. The consumer electronics industry is also likely to remain a key consumer in the global insulation market. The rising disposable income of consumers has led to rapid growth of the consumer electronics industry in recent years, whereas the rising technological sophistication of smartphones has necessitated the increasing use of electric insulation. Get accurate market forecast and analysis on the Insulation market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=1121 Asia Pacific Likely to Retain Dominance in Global Insulation Market 3 Transparency Market Research
Insulation Market The global insulation market is led by Asia Pacific, which accounts for more than 40% of the expanding market. The steadily growing construction and automotive industries in Asia Pacific are vital for the insulation market in the region, while the consumer electronics industry in countries such as China, India, South Korea, and Japan has also shown no signs of slowing down and could thus play a key role in the development of the global insulation market in the coming years. The automotive industry in China and India has exhibited a steep growth trajectory in recent decades, with the former already a contender to established automotive industries in Japan and Europe. The increasing demand for passenger as well as commercial and transport vehicles in these two emerging countries is likely to lead to steady demand from the global insulation market in the coming years. The dynamic development of countries such as China and India has also led to large-scale installation of infrastructure components, which is likely to remain a major driver for the Asia Pacific insulation market in the coming years. Other Southeast Asian countries such as Thailand, Indonesia, Malaysia, and Vietnam could also become crucial consumers in the global insulation market due to the rising demand in these countries for stable infrastructure. Leading companies in the global insulation market include Owens Corning, Huntsman About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. 4 Transparency Market Research
Insulation Market We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ 5 Transparency Market Research