Pune, India -- (SBWIRE) -- 09/21/2018 -- Synopsis – Commercial Insulation Market

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.

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Segment Analysis

The global Commercial Insulation market is segmented on the basis of type, application, and region. The type of commercial insulation needed to provide energy efficiency includes wraps/sheets, coatings, and adhesives & sealants. By 2024, wraps/sheets is estimated to dominate the commercial insulation market, growing at a CAGR of 6.26%. The type of wraps/sheets commercial insulation include aluminum foil laminate, multi-ply composite membrane, insulation jacketing tapes, polyethylene duct wraps, and others. Among the type of wraps/sheets, aluminium foil laminates accounted for the largest market share of 41.8% in 2016 and is projected to lead the market, growing at a CAGR of 6.78% by 2024. Aluminum foil laminates are used in commercial building for insulating ducts and pipes.

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.

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