New Analysis from Global Industry Analysts Reveals Steady Growth for Flexible Insulation, with the Market to Reach $11.8 Billion Worldwide by 2026
SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Flexible Insulation - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 4043
Companies: 13 - Players covered include ALP Group; Altana AG; Aspen Aerogels, Inc.; BASF SE; Beijing New Building Material (Group) Co., Ltd.; Cabot Corporation; Continental AG; Dow Corning Corporation; Fletcher Building Limited; Johns Manville Corporation; KCC Corporation; Kingspan Group PLC; L'ISOLANTE K-FLEX SpA; Nichia Corporation; Owens Corning; Pacor, Inc.; Saint-Gobain SA; Thermaflex International Holding B.V.; Thermaxx Jackets, LLC.; TROCELLEN GmbH and Others.
Coverage: All major geographies and key segments
Segments: Insulation Type (Thermal, Acoustic, Electrical); Material (Fiberglass, Elastomer, Aerogel, Other Materials)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Flexible Insulation Market to Reach $11.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Flexible Insulation estimated at US$9.3 Billion in the year 2020, is projected to reach a revised size of US$11.8 Billion by 2026, growing at a CAGR of 3.9% over the analysis period. Fiberglass, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$5.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Elastomer segment is readjusted to a revised 4.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.6 Billion in 2021, While China is Forecast to Reach $2.5 Billion by 2026
The Flexible Insulation market in the U.S. is estimated at US$2.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2026 trailing a CAGR of 7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.
Aerogel Segment to Reach US$2.3 Billion by the year 2026
In the global Aerogel segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Billion in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
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