Global Commercial Insulation Market By Overview
Throughout the world, industrial operations such as refineries, power plants, and manufacturing facilities require industrial insulation, which is a layer or coating of resistant material that acts as a barrier to the targeted energy. The growth of the market has been fueled by the rising demand for the building and power generating industries. The study market's expansion, however, is probably going to be hampered by the environmental and health risks associated with insulating wool. Commercial Insulation Market accounted for US$ 17.9 billion in 2020 to US$ 38.7 billion by 2029 with a CAGR of 9.0 %.
Global Commercial Insulation Market By Drivers & Restraints
Market expansion is anticipated to be fueled by rising product demand for improving process efficiency, condensation management, noise reduction, freeze protection, and lowering environmental pollution. However, because to the pandemic, the industry saw a sharp decline in investments in the industrial sector, which had an effect on the market. Additionally, a sharp decline in crude oil prices reduced the fiscal resources available to oil-producing nations, which had an impact on the demand for products in the oil and gas industry.
Global Commercial Insulation Market By Segmentations & Regional Insights
Commercial Insulation Market is segmented based on type, application and region.
On the basis of type, the Global Commercial Insulation Market is segmented into Wraps/sheets, Coatings and Adhesives & Sealants. On the basis of application, the Global Commercial Insulation Market is segmented into Institutional, Hospitals, Office Buildings, Airports and Others.
Regional Insights:
On basis of region the Commercial Insulation Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to the advent of programmes like Energy Star building certification and LEED certification, which impact the adoption of commercial insulation, the market in North America accounted for a sizable proportion in the global commercial insulation market over the projection period.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020– 2029 |
|
Market representation |
Revenue in USD Billion & CAGR from 2020 to 2030 |
|
Market Segmentation |
By Type – Wraps/sheets, Coatings and Adhesives & Sealants. By Application – Institutional, Hospitals, Office Buildings, Airports and Others. |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Commercial Insulation report based on test, application, and region.
Commercial Insulation Market, By Type:
- Wraps/sheets
- Coatings
- Adhesives & Sealants
Commercial Insulation Market, By Application:
- Institutional
- Hospitals
- Office Buildings
- Airports
- Others
Commercial Insulation Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Commercial Insulation Market By Competitive Landscape & Key Players
The key players operating the Commercial Insulation Market Includes NOVA Chemicals Corp., Owens Corning Corp., Huntsman International LLC, GAF Materials Corp., Dow Building Solutions, Cellofoam North America, CertainTeed, Bayer, BASF, and Atlas Roofing Corporation. Major players in the sector are creating innovative manufacturing techniques for items to improve their qualities and make them appropriate for a variety of uses. The market is anticipated to gain from firms' ongoing investments in R&D activities for the creation of new products and advancements in transparent technology for thermal insulation.
Global Commercial Insulation Market By Company Profile
NOVA Chemicals Corp.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Owens Corning Corp.
- Huntsman International LLC
- GAF Materials Corp.
- Dow Building Solutions
- Cellofoam North America
- CertainTeed
- Bayer
- BASF
- Atlas Roofing Corporation
“*” marked represents similar segmentation in other categories in the respective section
Global Commercial Insulation Market By Highlights
FAQs
The Global Commercial Insulation Market is segmented into type, application and region.
Global commercial insulation market is driven by growing usage of insulation material in building and construction industry.
By region, the market in North America accounted significant share in global commercial insulation market over the forecast period owing to the introduction of programs including Energy Star building certification and LEED certification influence the adoption of commercial insulation.
The Key players operating in the Global Commercial Insulation Market includes NOVA Chemicals Corp., Owens Corning Corp., Huntsman International LLC, GAF Materials Corp., Dow Building Solutions, Cellofoam North America, CertainTeed, Bayer, BASF, and Atlas Roofing Corporation.