Flexible Insulation is projected to reach USD 10.84 billion by 2021
NEW YORK, May 31, 2017 /PRNewswire/ --
Highlights
- Presence of strict building codes to drive the flexible insulation market
- The market size of flexible insulation is estimated to be valued at USD 8.27 billion in 2016 and is projected to reach USD 10.84 billion by 2021.
- The flexible insulation market is expected to be driven due to the strict building codes in countries such as China, Canada, Germany, the U.K., the U.S., France, Italy, and Spain, among others.
- Elastomer insulation is estimated to be fastest-growing flexible insulation in terms of value, from 2016 to 2021.
- Elastomer insulation is estimated to witness the fastest growth in terms of value, from 2016 to 2021.
- The high elongation, high heat resistance, chemical stability, high compressibility, water-repellency, resistance to cold temperature, and UV-resistance are expected to drive its demand, globally.
- Asia-Pacific projected to be the fastest growing market during the forecast period in terms of both, value and volume.
Presence of strict building codes to drive the flexible insulation market
The market size of flexible insulation is estimated to be valued at USD 8.27 billion in 2016 and is projected to reach USD 10.84 billion by 2021, at a CAGR of 5.54% from 2016 to 2021. The flexible insulation market is expected to be driven due to the strict building codes in countries such as China, Canada, Germany, the U.K., the U.S., France, Italy, and Spain, among others. Also, the growth in green buildings accompanied by growing Heating, Ventilation and Air Conditioning (HVAC), and building & construction industries is expected to drive the demand for flexible insulation, globally. Lack of awareness about insulation in some of the countries of Africa, and Asia such as Libya, Western Sahara, Uzbekistan, Tajikistan, North Korea, and Nicaragua act as a restraint for the market.
Elastomer insulation is estimated to be fastest-growing flexible insulation in terms of value, from 2016 to 2021
Elastomer insulation is estimated to witness the fastest growth in terms of value, from 2016 to 2021. The high elongation, high heat resistance, chemical stability, high compressibility, water-repellency, resistance to cold temperature, and UV-resistance are expected to drive its demand, globally. Also, its usage in applications such as heating & ventilation pipe work, duct work systems, air-conditioning pipe work, vessels, curved or irregular surfaces, and chilled water and refrigerant pipelines are expected to boost its demand globally.
Asia-Pacific projected to be the fastest growing market during the forecast period in terms of both, value and volume
Growth in industrialization and rise in the manufacturing sector of the region is another factor expected to drive the demand for flexible insulation. Also, rapid urbanization in the region accompanied by increasing income levels of the middle class is leading to the high demand from various industries, which in turn is expected to drive the flexible insulation market. The market in the region is expected to be driven by the increased demand from China which is the largest market, and Japan, South Korea, and India. Also, the strict building codes in countries such as China, is expected to drive the demand for flexible insulation in the region.
In the process of determining and verifying the market size for the several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:
- By Company Type: Tier 1 (63%), Tier 2 (28%), and Tier 3 (9%)
- By Designation: C-level (18%), Director Level (20%), and others (62%)
- By Region: Asia-Pacific (65%), North America (25%), Europe (5%), South America (3%), and Middle East & Africa (2%)
Various key players profiled in the report include Saint-Gobain (France), Armacell International S.A. (Luxembourg), BASF SE (Germany), Johns Manville Corporation (U.S.), Owens Corning (U.S.), Knauf Insulation Inc. (U.S.) , Continental AG (Germany), Kingspan Group Plc. (Republic of Ireland), Dow Corning Corporation (U.S.), Superlon Holdings BHD (Malaysia), L'ISOLANTE K-FLEX S.p.A. (Italy), Fletcher Building Ltd. (New Zealand), KCC Corporation (South Korea), Thermaxx Jackets, LLC (U.S.), Beijing New Buildings Materials Co. Ltd. (China), Pacor Inc. (U.S.), Thermaflex International Holding B.V. (Netherlands), Nichias Corporation (Japan.), ALP Group (India), ALTANA AG (Germany), Cabot Corporation (U.S.), Aspen Aerogel Inc. (U.S.), Trocellen GmbH (Germany), Aeroflex AG (Switzerland), and Sekisui Pilon Pty Ltd. (Australia).
Research Coverage
This report segments the market for flexible insulation into material, insulation type and region, and provides the estimations for the overall value of the market across various regions. A detailed analysis of the key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, acquisitions, agreements, joint ventures, and recent developments associated with the market for flexible insulation.
Reasons to buy this report:
This research report is focused on various levels of analyses�industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the flexible insulation market; high-growth regions; and market drivers, restraints, opportunities and challenges.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on flexible insulation offered by the top players in the global flexible insulation market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the flexible insulation market
- Market Development: Comprehensive information about lucrative emerging markets the report analyzes the markets for flexible insulation across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global flexible insulation market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the flexible insulation market
Read the full report: http://www.reportlinker.com/p04901891/Flexible-Insulation-Market-by-Material-Insulation-Type-and-Region-Global-Forecast-to.html
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