Commercial Insulation Market Research Report - Forecast to 2030

Global Commercial Insulation Market Research Report - by Type (Wraps/sheets, Coatings, Adhesives & Sealants), Application (Institutional, Hospitals, Office Buildings, Malls, Airports, Food & Beverages, Residential Buildings, General Commercial, Warehouses, Lodging), Region - Forecast till 2030

ID: MRFR/CnM/4217-CR | March 2018 | Region: Global | 199 pages

Commercial Insulation Market

Commercial Insulation Market is projected to be worth USD 13 Billion by 2030, registering a CAGR of 6.1% during the forecast period (2022 - 2030).

Segmentation

Type Wraps/sheets Coatings Adhesives & Sealants
Application Institutional Hospitals Office Buildings Malls Airports Food & Beverages Residential Buildings General Commercial Warehouses Lodging

Key Players

  • M (U.S.)
  • Design Polymerics (U.S.)
  • Vimasco Corporation (U.S.)
  • Mon Eco Industries Inc. (U.S.)
  • Henry Company (U.S.)

Drivers

  • Increasing demand for installation of commercial insulation is expected to influence the market growth
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Synopsis – Commercial Insulation Market


Global Commercial Insulation Market is projected to reach USD 2,708.1 million by 2024 at a CAGR of 5.71% during the review period of 2017-2024.


Commercial insulation is used to retard the flow of heat. The quality of insulation in buildings provide higher comfort, which can be measured by R-value to provide better energy efficiency and to reduce carbon emission. Insulation materials used in commercial applications require higher R-value to provide superior adhesion to low and high temperatures. Commercial insulation are prominently used in applications, including institutional, hospitals, office buildings, malls, airports, food & beverages, residential buildings, general commercial, warehouses, lodging, and others. In 2016, office buildings, malls, and institutional applications cumulatively accounted for 43.0% of the overall commercial insulation consumption.


Global commercial Insulation consumption is anticipated to be pegged at 261.5 KT by the end of 2024, growing at a CAGR of 5.49% over the forecast period. Major factors influencing the market demand include developing infrastructure in emerging markets and need of energy efficient insulation in commercial buildings to reduce carbon emission/greenhouse gas (GHG) effect. Increasing demand for installation of commercial insulation is expected to influence the market growth at a CAGR of 5.71% through the forecast period, in terms of value.


Global Commercial Insulation Market Share, by Types 2017, (%)


 Commercial Insulation Market Share


Source: MRFR Report


Regional Analysis


Geographically, the global commercial insulation market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among these regions, North America dominated the global market in terms of consumption and production in 2017 and is expected to retain its dominance through the forecast period. In terms of value, North America commercial insulation market is projected to reach USD 872.6 million by the end of 2024, growing at a CAGR of 5.39% through the forecast period. North America market is followed by Europe and Asia Pacific, respectively.


Segmentation


The global commercial insulation market is segmented into type, application, and region. On the basis of type, commercial insulation market is segmented into wraps/sheets, coatings, and adhesives & sealants. Wraps/sheets include aluminium foil laminate, multi-ply composite membrane, insulation jacketing tapes, polyethylene duct wrap, and others; Coating includes vapour barrier coatings, weather barrier coatings, condensation control coatings, and others; and Adhesives & Sealants includes PVC adhesives, polystyrene foam adhesives, waterbased insulation adhesives, and others. On the basis of application, market is segmented as institutional, hospitals, office buildings, malls, airports, food & beverages, residential buildings, general commercial, warehouses, lodging, and others. Based on region, the global market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Intended Audience



  • Commercial Insulation Manufacturers

  • Commercial insulation Suppliers

  • Commercial Insulation Contractors

  • Potential Investors

  • Nationalized Laboratories


Key Players


Some of the key players operating in the global commercial insulation market are 3M (U.S.), Design Polymerics (U.S.), Vimasco Corporation (U.S.), Mon Eco Industries Inc. (U.S.), Henry Company (U.S.), and Polyguard (U.S.) among others.


Geographic Analysis 


The report covers brief analysis of geographical region such as:



  • North America

  •  Canada

  •  Europe

  • Germany

  • France

  • Italy

  • Russia

  • Spain

  • Poland

  • Rest of Europe

  • Asia Pacific

  • China

  • India

  • Japan

  • Republic of Korea

  • Australia & New Zealand

  • ASEAN

  • Rest of Asia Pacific

  • Latin America

  •  Brazil

  •  Argentina

  • Rest of Latin America

  • The Middle East & Africa

  •  C.C

  •  Turkey

  •  Israel

  •  Egypt

  • North Africa

  • Rest of the Middle East & Africa


Key Findings


Market Research Future concludes that over the past few years, the global commercial insulation market has witnessed a moderate growth and as per the analysis, the market is likely to continue growing through the forecast period. The market growth is attributed towards the continuously increasing installation of commercial insulation in office buildings, malls, institutional, airports, general commercial buildings, hospitals, warehouses, and lodging. Global commercial Insulation market is projected to reach USD 2,708.1 million by 2024 at a CAGR of 5.71% during the review period of 2017-2024.The wraps/sheets commercial insulation segment accounted for 51.72% share in 2016.


The report about Global Commercial Insulation Market by Market Research Future comprises extensive primary research, along with detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro-economic and governing factors in the market. The report further provides detailed information about strategies used by top key players in the industry. It also conducts a broad study on different market segments and regions.


 



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2024: USD 2,708.1 Million
  • 2030 : Significant value
  •   CAGR   5.71%(2022–2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units    Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Type, Application and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   3M (U.S.), Design Polymerics (U.S.), Vimasco Corporation (U.S.), Mon Eco Industries Inc. (U.S.), Henry Company (U.S.), and Polyguard (U.S.) among others.
      Key Market Opportunities   Need of energy efficient insulation in commercial buildings to reduce carbon emission/greenhouse gas (GHG) effect.
      Key Market Drivers   Increasing demand for installation of commercial insulation is expected to influence the market growth


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    Frequently Asked Questions (FAQ) :

    Commercial Insulation Market is predicted to grow at 5.71% through forecast period of 2020-2027.

    The forecast period for Commercial Insulation Market research report is 2020-2027.

    Commercial Insulation Market is dominated by North America region.

    The major players are 3M (U.S.), Design Polymerics (U.S.), Vimasco Corporation (U.S.), Mon Eco Industries Inc. (U.S.), Henry Company (U.S.), and Polyguard (U.S.) among others.