Global Commercial Insulation Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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“Global Commercial Insulation Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global commercial insulation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global commercial insulation market report has been segmented on the basis of type, application, and region.
Commercial insulation is used to check the flow of heat and controls excess temperature. The commercial insulation in infrastructure provide higher comfort, which can be measured by R-value to provide better energy efficiency and to reduce carbon emission. It provides an energy saving solution by offering zero Ozone Depletion Potential (ODP) and contains zero Volatile Organic Compounds (VOCs). Commercial insulation helps to achieve greater energy savings by managing indoor climate temperature as well as reduces noise pollution and also create a more environmentally sustainable infrastructure. Commercial insulation is prominently used in applications, including institutional, hospitals, office buildings, malls, airports, warehouses, and others.
Advancement in technologies to reduced carbon emissions rate along with government initiatives to promote energy efficiency and sustainable development are expected to support demand for commercial insulation over the forecast timeline. In addition to that, increasing construction activities such as offices, hotels, and institutional construction coupled with rising awareness among the consumer regarding the benefits of insulation is anticipated to drive the market for commercial insulation over the forecast period. Moreover, target market is driven by various factors such as increasing FDI in construction, and supportive government regulations and policies regarding building & construction industry.
In addition to this, increasing acceptance of green building codes such as LEED, is expected to provide a growth opportunity for the target market. Increasing investments in the energy-efficient and environment-friendly commercial insulation product development is a prominent trend prevailing in the global commercial insulation market.
On the other hand, lack of skilled labor can affect the installation cost in commercial buildings, which in turn, hamper the growth of the commercial insulation market.
Analysis by Segment:
On the basis of type, the wraps/sheets segment is expected to hold significant share in terms of revenue and volume in the commercial insulation market during the forecast period. On the basis of application, market is segmented as institutional, hospitals, office buildings, airports, and others. The office buildings segment is expected to register significant growth rate in terms of revenue. However, hospitals, malls, and airport segment have moderate growth and market share in the global commercial insulation market.
The market in North America is expected to dominate the global market over the forecast period. This is primarily attributed to the introduction of programs including Energy Star building certification and LEED certification will further influence adoption of commercial insulation.
Commercial insulation market in Asia Pacific is expected to grow significantly during the forecast period. Growing construction sector, infrastructural investments, and government initiatives in various countries such as China and India in the region are supporting growth for the regional market.
According to the U.S. Department of Energy, one-third of the energy used in commercial buildings is devoted to heating and cooling.
The market in Europe is contributed significant revenue share in the global market. As per European Environment Agency (EEA), Europe has potential to save up to 28% of energy from the commercial building by 2020 with the installation of smart insulated HVAC’s.
Moreover, the markets in Middle East & Africa are expected to register moderate growth in terms of revenue in the global market owing to the several under construction commercial buildings and offices with huge investments in the UAE, Qatar, and Iran.
Global Commercial Insulation Market Segmentation:
Segmentation by Type:
- Adhesives & Sealants
Segmentation by Application
- Office Buildings
- Others (Warehouses, Lodging, Malls)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF SE
- Johns Manville
- Henry Company
- Owens Corning
- Kingspan Group
- Dow Building Solutions
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