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Technical Insulation Market Trends

Report ID: GMI6700
Published Date: Sep 2023
Report Format: PDF

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Technical Insulation Market Trends

Increasing emphasis on energy efficiency in buildings and industrial processes continues to drive demand for technical insulation solutions that help reduce energy consumption. Green building certifications such as LEED and BREEAM drive the adoption of sustainable insulation materials and systems that contribute to overall building sustainability. Stringent building codes and energy regulations globally are encouraging the use of insulation materials to meet thermal performance requirements.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for technical insulation was valued at over USD 8.51 Billion in 2023 and is estimated to reach USD 12.85 Billion by the end of 2032, favored by the stringent building energy codes and regulations for improved insulation to enhance energy efficiency in buildings.

HVAC Systems held a dominant market share of around 35% in 2022 and is expected to grow at a lucrative pace through 2032 as insulation on HVAC systems and ducts prevents energy loss during air distribution, optimizing heating and cooling efficiency.

U.S. technical insulation industry was worth USD 1.7 Billion in 2022 and is anticipated to expand at a significant pace from 2023 to 2032, backed by the stringent building codes and energy regulations in the region.

Rockwool International A/S, Saint-Gobain, Knauf Insulation, Owens Corning, Armacell, Kingspan Group, Johns Manville, BASF SE, LIsolante K-Flex, Kaimann GmbH, Huntsman Corporation, Fletcher Insulation, Paroc Group, ThermaXX Jackets, Bauder Ltd. among others.