Coverage: Key Drivers, Trends and Challenges; Product Insights and News; Value Chain Analysis; Parent Market Analysis; Supplier Landscape; COVID Impact and Recovery Analysis
According to recent market research by Technavio, the potential growth differential of the flexible insulation market from 2021 to 2026 is USD 2.8 billion, representing a CAGR of 5.24%.The report provides a detailed analysis of drivers and opportunities, best winning strategies, competitive scenarios, future market trends, market size and estimates, and key investment areas.
Among other regions, Asia Pacific will record the highest growth rate of 47%.China and Japan are the major markets for the flexible insulation market in the Asia Pacific region.Market growth in this region will be faster than market growth in other regions.Population growth and rapid urbanization will drive the growth of the flexible insulation market in Asia Pacific during the forecast period.
The flexible insulation market is fragmented, and suppliers are deploying growth strategies such as product development and increasing R&D investment to compete in the market.Companies such as BASF SE are offering products such as SLENTEX, a non-combustible, flexible insulating material for industrial applications.Our report provides extensive information on the flexible insulation market value chain analysis that vendors can utilize to gain a competitive advantage over the forecast period.
Fiberglass Fiberglass segment holds the largest flexible insulation market share in 2021.This segment will continue to hold the largest share throughout the forecast period, as fiberglass is widely used in construction and related applications such as mesh fabrics, drywall tapes, wall coverings, and roof panels.It has various advantages that make it suitable for construction.In addition, the use of fiberglass in the walls can also improve the thermal insulation properties of the building and keep the building warm, thus saving the building energy costs.Such applications are expected to boost the growth of this segment over the forecast period.
Rising demand from construction industry in emerging economies is one of the factors supporting the growth of the flexible insulation market.Population growth in the Middle East and Africa has increased the need for infrastructure development.Technological advancements in the construction industry, such as smart buildings, have influenced contractors to build new and advanced structures, especially in countries such as Switzerland, South Africa, and Egypt, which have a history of organized and robust building structures.This will further increase the demand for hotels and transportation networks, thereby boosting the growth of the global flexible insulation market.
Crude oil price volatility is one of the factors hindering the growth of the flexible insulation market.One of the key reactive materials required to produce polyurethane foam is diisocyanate.The most widely used isocyanates for polyurethane foam production are toluene diisocyanate (TDI) and polymeric isocyanates.These isocyanates are mainly produced from benzene and its derivatives made from crude oil.Hence, changes in prices will limit the growth of the market over the forecast period.
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Aeroflex USA Inc, ALTANA AG, Armacell International SA, Aspen Aerogels Inc., BASF SE, Berkshire Hathaway Inc., Compagnie de Saint Gobain SA, Continental AG, Dow Inc., Fletcher Building Ltd., Kingspan Group Plc, Knauf Insulation, L ISOLANTE K FLEX SpA、NICHIAS Corp.、Owens Corning、Pacor Inc.、Superlon Holdings Berhad、Thermaflex International Holding BV、Thermaxx Jackets 和 Trocellen GmbH
Parent Market Analysis, Market Growth Inducers and Barriers, Fast-Growing and Slow-Growing Segments Analysis, COVID-19 Impact and Recovery Analysis, and Future Consumer Dynamics, Market Situation Analysis During the Forecast Period
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Post time: Mar-28-2022