Insulation Products Market – Market Leadership
The global Insulation products market size is projected to grow from USD 55.1 billion in 2021 to USD 71.7 billion by 2026, at a CAGR of 5.4% between 2021 and 2026. The growth of this market is attributed to growing stringent regulations for energy-efficient insulation equipment, increase in number of HVAC applications, technological advances, and growing demand in construction, industrial, and transportation...
Refrigeration Insulation Materials Will Help Resolve the Food Security Issue
The food & beverage industry is expected to dominate the refrigeration insulation materials market and accounted for a share of 46% in 2019. The global demand for food & beverage has significantly increased due to the growing population. Due to growing environmental issues, the total irrigable land area has reduced drastically in the last decade, thereby putting more emphasis on food preservation....
Building Thermal Insulation Market to Reflect Impressive Growth Rate by 2027
The global building thermal insulation market will grow to USD 35.3 billion by 2027, at a CAGR of 4.7% from USD 28.0 billion in 2022. Building thermal insulation is an important technology to reduce energy consumption in buildings by preventing heat gain/loss through the building insulation materials. Building thermal insulation is used to reduce the amount of power that is required to heat or cool...
Foam Insulation: Market Leader & Revenue Pockets
Market Leader – The global foam insulation market is projected to grow at a CAGR of 4.95% from 2016 to 2021, in terms of value. The market is rapidly evolving with the major players contributing towards its development. Kingspan Group Plc. (Republic of Ireland), BASF SE (Germany), and Armacell International S.A. (Luxembourg) are some of the major players that led the market in 2015. Expansion,...