Global Insulation Market to Benefit From Rising Demand From Residential Construction: Transparency Market Research
By Business Wire News
By Business Wire News
A new research study based on the global insulation materials market has been recently announced by Transparency Market Research. The report is titled “Insulation (Fiberglass, Plastic Foam, Mineral Wool and Others) Market for Residential Construction, Industrial, HVAC & OEM and Nonresidential Construction Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”.
The report states that the global insulation market had a net worth of US$37.87 billion in 2013. By observing good growth at a CAGR of 8.0% between the years 2014 and 2020, the market is projected to rise to US$64.91 billion by 2020. The report primarily segments the global insulation market according to product types, applications and key regional markets for insulation materials.
The market segment of insulation product types is further segmented into plastic foam, fiberglass, mineral wool and others (including slag wool and cotton wool). Of these, the global demand was the highest for fiberglass in 2013, which accounted for nearly 42% share of the overall global demand for the variety of insulation materials in the market.
The market segment of application areas is further segmented by the report into nonresidential construction, industrial, HVAC and OEM and residential construction. Of these, the market sector of residential construction accounted for a nearly 48% share of the market in 2013.
The report also presents a detailed snapshot of the competitive landscape of the market wherein the report provides detailed financial profiles of some of the key vendors operating in the global insulation materials market. These include companies such as Huntsman International LLC, Knauf Gips KG, Owens Corning, CertainTeed Corporation, Johns Manville, ROCKWOOL International A/S Atlas Roofing Corporation, Duro-Last Roofing, Inc. and The Dow Chemical Company.
- Textile Chemicals Market:http://www.transparencymarketresearch.com/europe-textile-chemicals-market.html
- Glass Fibers Market:http://www.transparencymarketresearch.com/glass-fibers-market.html
About Transparency Market Research
Transparency Market Research is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.