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Trends in Home Insulation Industry

Insulation Industry Data Book - Board Insulation, Blanket Insulation, Pipe Insulation and Others (Foam) Insulation Market

Insulation Industry Data Book | Forecast 2030

Insulation Industry Data Book – Board Insulation, Blanket Insulation, Pipe Insulation and Others (Foam) Insulation Market

Grand View Research’s plastic packaging sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

 

Access the Global Insulation Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

 

Board Insulation Market Report Highlights

  • The building & construction segment dominated the market and accounted for a share of 66.8% in terms of revenue in 2022. Boards are frequently utilized in both exterior and interior wall applications. Insulating exterior walls improves thermal efficiency, reduces energy consumption, and improves building comfort. Interior wall insulation is used for soundproofing and temperature management. Furthermore, it is often utilized for roof applications, where it provides thermal resistance and protects structures from heat gain and loss. It saves energy while maintaining occupant comfort. As the construction industry promotes energy efficiency, sustainability, and occupant comfort, demand for board insulation is likely to increase across a variety of building applications.

 

  • Board insulation is commonly utilized to provide acoustic and thermal insulation in a variety of industrial applications such as process equipment, boilers and furnaces, industrial ovens, and cold storage and refrigeration. It also lowers the risk of fires and improves energy efficiency. Building materials that aid in energy efficiency, protect employees from hot surfaces, and minimize operating expenses are being sought after by industries such as petrochemicals, oil and gas, and chemical manufacturing. This growth in demand for insulating materials will increase board usage in the coming year

 

  • Transportation and industrial applications accounted for 25.5% of the global market share. Boards are used in automobile insulation to lower noise, vibration, and harshness levels within the car. The board contributes to a more peaceful and comfortable interior environment for passengers

 

 

Order your copy of the Free Sample of “Insulation Industry Data Book – Board Insulation, Blanket Insulation, Pipe Insulation and Others (Foam) Insulation Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

 

Blanket Insulation Market Report Highlights

  • The building & construction application segment dominated the market and accounted for a share of 38.7% in terms of revenue in 2022. The high adoption of blankets in commercial spaces as well as in residential buildings is expected to increase overall demand.Removable and reusable blankets are commonly used for industrial applications, such as boiler, metal, and masonry walls. These blankets are self-contained systems, which lower operation costs by reducing energy consumption and shortening downtime

 

  • The transportation and industrial applications together held more than 39% market share in 2022. Transportation includes vehicle insulation and the demand from vehicles for blanket insulation is growing owing to the reduced running cost as well as low maintenance of all the heat exchange components. Reduced running costs and better fuel efficiency are some of the major factors driving the growth of the overall market

 

  • Asia Pacific dominates the market, accounting for USD 6,539.0 million in 2022. The growth of the housing industry coupled with the growth of the electric vehicle market in this region has increased the demand for blankets owing to benefits such as reduced noise, increased fuel efficiency, and reduced energy consumption

 

Pipe Insulation Market Report Highlights

 

  • The polyurethane and polyisocyanurate foam material segment accounted for the largest market share of over 20.0% in 2021 on account of high insulating values with low conductivity and a cellular structure that helps in reducing heat transfer by conduction

 

  • The building and construction application segment is expected to witness lucrative growth over the forecast period owing to the growing number of single-family houses in developing economies and the increasing disposable incomes of consumers, thereby driving the demand for residential construction

 

  • The market in North America is expected to witness considerable growth over the forecast period owing to a positive outlook toward the petrochemical and chemical processing industries in the region

 

  • The market in China is expected to be driven by the wide utilization of pipe insulation in thermal power generation to prevent heat loss while circulating hot water and steam within the power plant

 

  • Key market players are engaged in focused cost leadership strategies, where the players compete based on product prices and target narrow markets. In addition, these companies provide additional services/customization to their customers to gain a competitive advantage

 

Competitive Insights

The global insulation industry is competitive, owing to the presence of a large number of major players in the market. Major players, such as Rockwool Technical Insulation, Paroc Group, and Knauf Gips KG hold the majority of the market share, due to their vast product portfolio and wider geographical reach. These companies develop a strong business model to adapt to market volatility and any technological & geographical change. The players prefer to maintain strategic relationships with their raw material suppliers in an attempt to maintain a steady supply.

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