Albany, New York, Feb. 07, 2018 (GLOBE NEWSWIRE) -- The global thermal insulation market is characterized by the striking presence of several domestic and global players, which also accounts for a markedly fragmented landscape. Transparency Market Research (TMR) finds that several players consider it worthwhile to enter into strategic alliances with original equipment manufacturers catering to numerous end-use industries, notably including building and construction, automobile, and aerospace. This helps them develop technologically advanced products to meet demanding requirements of customers, with an aim to stay ahead of others in the global thermal insulation market.
Top players vying for a sustained share in the market include URSA Insulation S.A, Thermax Jackets LLC, Saint-Gobain S.A., ROCKWOOL International A/S, Owens Corning, Kingspan Group Plc, Isolatek International, DuPont Insulcon Group, BASF SE, The Dow Chemicals Company, Covestro AG, Johns Manville, Asahe Kasei Corporation, and Armacell, notes TMR. Several prominent players are focused on developing a range of solutions to meet a variety of demanding requirements of end-use industries, in order to gain a competitive edge over others.
The global thermal insulation market was valued at US$48,288.3 mn in 2016 is projected to reach a valuation of US$77,770.7 million by 2025 end. This represents a CAGR of 5.4% from 2017 to 2025.
Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=33167
The key end-use segments are building and construction, clothing, oil and gas, aerospace and aviation, mechanical systems, automotive, and industrial. Of these, the building and construction industry accounted for the leading market share in 2016 and is expected to hold substantial shares throughout the forecast period. The growth is driven by the extensive uptake of thermal insulation products in commercial and residential buildings.
Broadly, the various regional markets for thermal insulation comprise Europe, Latin America, North America, the Middle East and Africa, and Asia Pacific. Of these, Asia Pacific was the most attractive market in 2016 and is expected to hold is sway in the coming years as well. The regional market is projected to generate a revenue of US$34535.8 million by the end of the forecast period. The swift pace of industrialization in various economies is fueling the growth of the regional market.
Extensive Use of Metal Powders in End-use Industries Stokes Demand
The worldwide market for thermal insulation is driven by the substantial demand for thermal insulation technologies and products in a wide spectrum of end-use industries. The significant strides being experienced by additive manufacturing in various developing and developed regions is accentuating the growth of the market. The vastly rising use of metal powders in various end-use industries, notably in automotive and aerospace, is stoking the demand for better thermal technologies. Several metal powder manufacturers world over are mulling entering into collaborations and partnerships with OEMs offering thermal insulation technologies. This helps them improve the insulation capacity and performance of the metals powders used, providing a compelling proposition for the demand for thermal insulation. The rising use for insulation products for iron powders iron powder in industries such as automotive, rail, infrastructure, energy, and machinery is likely to aid in the rapid expansion of the market.
Of particular significance is the prominence of companies using additive manufacturing technologies for insulating foams that are used in various automotive parts such as transmission parts, seat, doors, brakes, and engine components. This is expected to have a positive bearing on the thermal insulation market.
Request For Custom Research: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=33167
Market to Get Robust Boost from Government-Backed Programs for Energy Conservation
The high price of insulation products is deterring their use among end users, particularly in the industries such as building and construction. Nevertheless, in the building and construction industry, a sustained focus on implementing energy saving programs by government in several nations is boosting the market. In particular, various government regulations espousing the concept of the zero-energy building, especially in coldest parts of the world, is bolstering the demand for thermal insulation products. The rising awareness of the role played by insulation products in energy saving practices is a notable factor further accentuating the growth of the market.
The advent of high-performing thermal insulation products made from naturally-sourced raw materials is likely to unlock exciting prospects for market players. The development of environmental-friendly products bodes well for the thermal insulation market in the coming years.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Thermal Insulation Market (Product - Cellular Material (Glass, Polypropylene, Polyurethane, Polystyrene, Polyisocyanurate, and Epoxy), Fibrous Material (Mineral Wool, Fiberglass, Silica, Alumina Silica, and Silicone Rubber), and Granular Material (Cellulose, Calcium Silicate, Perlite, Aerogel, and Expanded Vermiculite); Foam - Rigid Board, Rigid Foam/Foam Board, Flexible Foam, Sprayed Foam, Batts, Loose Fillers, and Barriers; End-user - Building & Construction (Residential and Commercial), Oil & Gas (Offshore and Subsea), Aerospace & Aviation, Mechanical Systems, Clothing, Automotive, and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025”
Purchase this Premium Research Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=33167<ype=S
Key Takeaways
- The growing use of thermal insulation products in metal powders in end-use industries, notably including automotive and aerospace, infrastructure, rail, and energy is boosting the market
- Government focus on achieving zero energy loss buildings in various parts of the world is opening lucrative prospects for market players.
The global thermal insulation market is segmented based on:
Product
- Cellular Material
- Glass
- Polypropylene
- Polyurethane
- Polystyrene
- Polyisocyanurate
- Epoxy
- Fibrous Material
- Mineral Wool
- Fiberglass
- Silica
- Alumina Silica
- Silicone Rubber
- Granular Material
- Cellulose
- Calcium Silicate
- Perlite
- Aerogel
- Expanded Vermiculite
- Foam
-
- Rigid Board
- Rigid Foam/Foam Board
- Flexible Foam
- Sprayed Foam
- Batts
- Loose Fillers
- Barriers
- Others
About Us
Transparency Market Research (TMR) 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. TMR’s experienced team of analysts, researchers, and consultants, 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.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
Contact Us
Mr. Apoorv Tripathi
Transparency Market Research
State Tower,
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
Research Blog: http://www.editiontruth.com/