Global Insulation Market Restrained by Fluctuating Raw Material Prices
MRRSE Provided New Market Research Report - Global Insulation Market Restrained by Fluctuating Raw Material Prices
MRRSE Provided New Market Research Report - Global Insulation Market Restrained by Fluctuating Raw Material Prices
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Global</strong> <strong>Insulation</strong> <strong>Market</strong> <strong>Restrained</strong> <strong>by</strong> <strong>Fluctuating</strong> <strong>Raw</strong><br />
<strong>Material</strong> <strong>Prices</strong><br />
ALBANY, New York, April 22, 2015 : According to the latest report added<br />
to <strong>Market</strong> Research Reports Search Engine (MRRSE), the global market for<br />
insulation will reach a total value of US$64.91 billion <strong>by</strong> 2020. The report is<br />
titled “<strong>Insulation</strong> (Fiberglass, Plastic Foam, Mineral Wool and Others)<br />
<strong>Market</strong> for Residential Construction, Industrial, HVAC & OEM, and<br />
Nonresidential Construction Applications - <strong>Global</strong> Industry Analysis,<br />
Size, Share, Growth, Trends and Forecast 2014 - 2020”.<br />
This report from Transparency <strong>Market</strong> Research states that the global<br />
insulation market will grow at an 8.0% CAGR during the forecasting horizo n<br />
of 2014 to 2020. The market was valued at US$37.87 billion in 2013.<br />
The product segment of fiberglass dominated the global insulation<br />
market with a total market share of 42% in 2013. However, this sector<br />
might not be able to maintain its dominance in the coming years. The<br />
number of fiberglass insulation producers has increased as a result of<br />
American subsidiaries of foreign firms and enhancements in productivity <strong>by</strong><br />
U.S. manufacturers. It has led to excess production that the current and<br />
future market for fiberglass insulation cannot accommodate.<br />
Browse Full Report With TOC: http://www.mrrse.com/insulation-market<br />
Furthermore, growth prospects of other product sectors such as plastic foam<br />
insulation could be hampered due to fluctuating costs of raw materials,<br />
particularly crude oil. Other product segments in the global insulation market<br />
are mineral wool, slag wool, and cotton wool.
<strong>Insulation</strong> materials find their application in the residential construction,<br />
nonresidential construction, industrial, OEM, and HVAC sectors. The<br />
residential sector held the position of the largest application sector with a<br />
48% market share in 2013. The industrial application sector followed<br />
residential construction in terms of demand for insulation materials, due to<br />
the booming manufacturing industry.<br />
Geographically, the global insulation market is divided into North America,<br />
Europe, Asia Pacific, and RoW. Demand for re-insulation from the developed<br />
countries of Europe and North America will drive the global insulation market<br />
in the next few years. Additionally, the high demand for insulation from the<br />
OEM and HVAC sectors in Asia Pacific will fuel this regional market’s growth<br />
during the forecast period. In 2013, Asia Pacific held a mammoth market<br />
share of 41%.<br />
Request Send An Enquiry: http://www.mrrse.com/enquiry/147<br />
Besides the aforesaid factors, the global insulation market will also benefit<br />
from increasing energy prices and building regulation codes. The popularity<br />
of green buildings is growing among users in both developed and developing<br />
nations, which will augment the market for environmentally beneficial<br />
insulation.<br />
The notable players mentioned in the report are Johns Manville, Owens<br />
Corning, CertainTeed Corporation, Huntsman International LLC, ROCKWOOL<br />
International A/S, The Dow Chemical Company, and Duro-Last Roofing, Inc.<br />
About Us<br />
<strong>Market</strong> Research Reports Search Engine (MRRSE) is an industry-leading<br />
database of market intelligence reports. Headquartered in New York, U.S.,
MRRSE is driven <strong>by</strong> a stellar team of research experts and advisors trained<br />
to offer objective advice. Our sophisticated search algorithm returns results<br />
based on the report title, geographical region, publisher, or other keywords.<br />
MRRSE partners exclusively with leading global publishers to provide clients<br />
single-point access to top-of-the-line market research. MRRSE’s repository is<br />
updated every day to keep its clients ahead of the next new trend in market<br />
research, be it competitive intelligence, product or service trends or strategic<br />
consulting.<br />
Contact<br />
State Tower<br />
90, State Street<br />
Suite 700<br />
Albany, NY - 12207<br />
United States<br />
Telephone: +1-518-618-1030<br />
Email: sales@mrrse.com