MRRSE has announced the addition of the “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” report to their offering.
Insulation market : latest innovations, drivers, dynamics and strategic analysis, challenges by 2020
1. Insulation Market : Latest Innovations, Drivers, Dynamics And
Strategic Analysis, Challenges By 2020
Report Description
Insulation materials are non-conducting materials which are
used to isolate something from its surrounding atmosphere
and sustain its normal state of being. Insulation can be of
2. several types, viz. electric insulation, acoustic insulation and
thermal insulation. Good insulators have atoms packed in
such a way that they cannot vibrate to the extent required to
successfully transfer the amount of heat, electrical or sound
energy applied to it. Insulating materials can be broadly
classified into mineral fibers and plastic foams. The quality
of the insulator is determined by the R-value it provides. R-
value is the degree of thermal resistance of the material; a
higher R-value signifies a better insulator. Insulating
materials made from fiberglass, mineral wool and plastic
foam are used in building and construction industry, heating,
ventilation and air conditioning applications.
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Insulation materials, which do not allow heat, sound, water,
or electricity to pass through them, can help maintain a
hospitable environment inside any building. Insulators are
predominately used for thermal insulation in building
construction. However, these are also used in automotive and
electronic insulations. Insulation materials are classified into
fiberglass, mineral wool, plastic foam, and others such as
cotton wool and cellulose insulation. Fiberglass dominated the
insulation market in the past few years. Plastic foam
accounted for the second-largest market share. Insulating
materials are used to insulate ceilings, walls, floors, and
4. other parts of buildings. Insulation materials are also used to
provide thermal and sound insulation to automobiles such as
trains, buses, aircraft, ships, and cars.
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Demand for insulation products was the largest from
fiberglass, accounting for over 42% of overall insulation
market in 2013. Since the introduction of fiberglass in the
middle of the 20th century, it has remained the most popular
insulation material. These materials are widely used in both
commercial and residential construction. In addition to
increasing the energy efficiency of buildings, fiberglass is also
5. one of the most preferred types of insulation for
soundproofing buildings.
The residential application segment accounted for around 48%
of the global demand for insulation materials in 2013. The
application was the largest segment in the insulation market
owing to increasing construction activities in emerging
economies, and reconstruction and repairing in mature
economies. Rising level of urbanization has increased the
construction of residential buildings. Moreover, in order to
comply with the 2012 IECC, builders are installing more
insulation products per structure. This is fuelling the demand
for insulation.
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Demand for insulation was the highest in the Asia Pacific
region, accounting for over 41% of insulation market in 2013.
Rising infrastructure in commercial and nonresidential sectors
is boosting the demand for insulation in the developing
economies of Asia Pacific such as China, Japan, South Korea,
and India. Regulatory organizations in the U.S. and European
Union have adopted legislations to encourage energy-efficient
buildings. These regulations are driving the insulation
materials market in North America and Europe.
7. Some of the key players in the insulation market are Owens
Corning, Johns Manville, CertainTeed Corporation, Huntsman
Corporation, and Knauf Gips KG.
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