Advanced Insulation Material Market Synopsis
Global insulation materials is poised for growth due to the rising demand of efficient insulation in both residential sector on account of the increase in energy costs and tightening governmental policies. The importance of energy conservation is predictable to drive the insulation market.
Insulation of the building envelope can be significantly improved to reduce the energy needed to heat and cool buildings. New super insulating materials (SIMs), such as vacuum insulation panels (VIP), gas filled panels (GFP) and aerogel based products (ABP), provide promising solutions.
Global Advanced Insulation Materials market is growing with the rapid pace; mainly due to advancement in technologies. According to a recent study report published by the Market Research Future, The global market of Advanced Insulation Materials is booming and expected to gain prominence over the forecast period.
The global advanced insulation material market size is expected to cross USD 11 billion and grow at a CAGR of approximately 11% in the forecasted period.
- Aspen Aerogels Inc.,
- Cabot Corporation,
- 3M Company,
- Aerogel Technologies LLC,
- Nano High-Tech Co. Ltd.,
- Guangdong Alison Hi-Tech Co. Ltd.,
- Morgan Thermal Ceramics,
- Unifrax Corporation,
- Shandong Luyang Share Co. Ltd
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Extensive growth in Advanced Insulation Materials material market has brought to light that companies are investing heavily in expanding its presence across borders. The increasing demand and private construction has led to investment by manufacturers to expand the market share and brand name. The other strategies followed by the companies are mergers & acquisitions, and product development. Product development is a key strategy adopted extensively by the players with a share of 18.97%, to expand their product portfolio and meet expanding customer base.
Global Advanced Insulation Materials Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Material: Aerogels, Ceramic Fibers, Glass bubbles, EPS, XPS and others
Segmentation by Application: Industrial, Oil & gas, Construction, Power, Automotive and others
Segmentation by Regions: Comprises regions – North America, Europe, APAC and Rest of the World.
Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
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North America is the second largest region for the Advanced Insulation Materials material market. The North America Advanced Insulation Materials material market is driven by various factors such as consumer preference for green buildings and sustained investments in commercial real estate. The growing popularity of modular & panelized housing also provides the further boost to the market.
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