Global Insulation Market 2014-2018

Monday 12 May 2014, Amsterdam

The new report recognizes the following companies as the key players in Global Insulation Market: BASF SE, Huntsman Corp., Knauf Insulation Group , Owens Corning Corp., Recticel SA, Bayer AG, Byucksan Corp., Carlisle Insulation Inc., Celotex Ltd., CSR Ltd., Dalian Rockwool Co. Ltd., Fletcher Building Ltd., GAF Materials Corp., Hebei Renqiu Jinglian Group Co. Ltd., Johns-Manville Corp., Kingspan Group plc, Ningbo Firewheel Thermal Insulation & Sealing Co. Ltd., Nova Chemicals Corp., Paroc Group, Rockwool Group, Saint-Gobain SA, Tengzhou City Huahai New Thermal Insulation Material Co. Ltd.,  The Dow Chemical Co., Xtratherm Ltd.

Commenting on the report, an analyst said: “One major trend in the Global Insulation market is a growing demand for cryogenic insulation materials over the past few years. Cryogenic equipment is extensively used in the Oil and Gas industry. Moreover, the growing demand for oil and gas globally is driving the need for cryogenic equipment. Special insulators such as aerogel beads, glass bubbles, and Perlite powder are mainly used in cryogenic equipment.”

According to the report, one of the major drivers in this market is the spurt in construction projects in developing countries. The changing face of urban buildings has created a demand for insulation materials.  

Further, the report states that one of the major challenges in this market is the lack of awareness among end-users of the benefits offered by insulation materials. This challenge is seen mostly in developing economies such as India and China.