Flexible Insulation Market By MarketsandMarkets worth 10.84 Billion USD By 2021

Summary:

The report “Flexible Insulation Market by Material (Fiberglass, Elastomer, Aerogel, Cross Linked Polyethylene) and Insulation Type (Thermal, Acoustic, Electrical) – Global Forecast to 2021”, The flexible insulation market size was USD 7.77 Billion in 2015 and is projected to reach USD 10.84 Billion by 2021, at a CAGR of 5.54% from 2016 to 2021.

 

Objectives of the study:

  • To analyze and forecast the market size of flexible insulation in terms value and volume.

 

 

  • To forecast the sizes of the market segments based on regions such as the Asia-Pacific, North America, Europe, South America, and Middle East & Africa.

 

  • To provide detailed information regarding the important factors influencing the growth of the market (drivers, restraints, challenges and opportunities).

 

  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market.

 

  • To identify and analyze opportunities for stakeholders in the market.

 

  • To analyze competitive developments such as expansions,  joint ventures, agreements, acquisitions, and new product developments in the global flexible insulation market.

 

  • To strategically profile key players and comprehensively analyze their core competencies.

 

Strict building codes in Europe, North America, and the Middle East & Africa are expected to drive the demand for flexible insulation. Also, the increased demand for flexible insulation from thermal, acoustic, and electrical insulation types are driving the flexible insulation market.

“Fiberglass is the largest material segment for flexible insulation”

Fiberglass, by material is estimated to account for the largest share in the global flexible insulation market in 2016, in terms of both, value and volume. This material segment is projected to drive the flexible insulation market from 2016 to 2021, due to the growing demand for green buildings and greenhouse gas emission reduction programs. Also, the demand for fiberglass insulation is rising from applications such as cavity wall insulation, thermal insulation for pipe work in HVAC industries, flexible air ducts, residential and commercial refrigerators & freezers, jet-engine ducting, aircraft components, and commercial construction.

“Thermal insulations, by type are estimated to hold the largest share in the flexible insulation market in 2016”

Thermal insulations, by type are estimated to have accounted for the largest share in the flexible insulation market, both, in terms of value and volume, in 2016. This is owing to the rising awareness about energy conservation. Also, the growth of building & construction, and HVAC industry in regions such as North America, Middle East & Africa, and Asia-Pacific is expected to drive the demand for flexible insulations.

“Europe is the biggest market for flexible insulations”

The European region led the global flexible insulation market in 2015. An increased concern over improving efficiency in buildings, and policies for insulation material requirements in Europe is expected to drive the demand for flexible insulation. High level of industrialization in Germany accompanied by the growing demand for residential, and commercial spaces in France is expected to drive the demand for flexible insulation.

 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

 

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