Growing Prominence of Energy Efficient Buildings Drives Thermal Insulation Material Market on Profitable Path
The global thermal insulation material market is projected to expand at a brisk pace through the forecast period, according to a new market study by XploreMR. The growth of the market study is primarily attributed to supportive government initiatives in the field of energy conservation, and increasing utilization of thermal insulation materials in various industries. Some of the major applications of thermal insulation materials include room insulation, laboratory insulation, pipeline safety, and other workplace and warehouse applications. Besides, macroeconomic factors such as increased spending in construction and manufacturing sectors, coupled with increasing urbanization trends are also fuelling the growth of the market. Furthermore, the growing adoption of energy-efficient techniques in building thermal insulation materials is also complementing the growth of the market. On the back of this facet, the global thermal insulation material market will progress at a CAGR of 4.7% through the forecast period.
Segmental Highlights: Plastic Foam Segment Channels Majority of Revenue
Among the types of materials, the plastic foam segment is anticipated to exhibit tremendous growth potential, with demand being primarily concentrated in the Asia Pacific, on the back of high preference in the construction segment. Moreover, the growth of this segment can also be attributed to surging demand for LNG and LPG, and increasing adoption of refrigerators and air conditioners in the OEM market.
XploreMR analyzes the global thermal insulation material market for the period 2017–2020. The core objective of the report is to offer an in-depth view of the key factors impacting the global thermal insulation material market, along with analyzing the future scope and opportunities in this market. The global thermal insulation material market report has been divided into the following four parts for better understanding and assessment of the global market scenario – market analysis by material type, temperature range, and region.
A clear-cut report structure for lucid understanding
The report starts with an overview of thermal insulation material and its usage in various applications across the globe. In the same section, the report covers the global thermal insulation material market performance in terms of value. This section includes a detailed analysis of key trends, drivers, and restraints from the supply and demand perspectives.
The next section of the report analyzes the market based on material type and presents a comprehensive forecast in terms of value for the next four years. Another section of the report analyzes the market based on the temperature range within which the insulation material functions and presents an in-depth forecast in terms of value for the next three years. This report also analyzes the global thermal insulation material market in terms of region and the regions are chosen as per the given market taxonomy.
Global Market Study on Thermal Insulation Material: Fibreglass to be the Largest Material Type During the Forecast Period 2017 - 2020Buy Now
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