The modern-day document posted via Report Ocean, titled “Asia-Pacific Insulation Materials Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The Asia-Pacific insulation materials market is expected to reach $50,035 million by 2023, growing at a CAGR of 7.4% from 2017 to 2022. Insulation materials are materials used to insulate something or to prevent the transfer of heat, light, or sound. Based on the insulation provided, insulation materials can be categized as heat insulating, light insulating, and sound insulating materials. The factors that drives the insulation materials market are increase in building renovation & remodeling, rise in popularity of eco-friendly insulation technologies, demand for high temperature insulation in petrochemicals and oil & gas sectors, and growth in use of micro porous insulation in industrial & aerospace industries.
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However, the fluctuation in raw material prices and concerns due to toxicity of polyurethane & polystyrene is expected to hinder the growth of the market. Furthermore, rise in awareness about the green building concept is creating lucrative opportunities for growth in the market.
The Asia-Pacific insulation materials market is segmented on the basis of type, application, and country. Based on type, it is classified into mineral wool/rock wool/stone, polyurethane foam, polyethylene, polyvinyl chloride, expanded polystyrene, extruded polystyrene, and others that includes carbon glass, fiberglass, aerogel, silicate, perlite, phenolic foam, & glass wool. Based on application, it is divided into residential construction, HVAC & OEM, non-residential, wires & cables, automotive, oil & gas, and others (packaging & consumer goods). Country level analysis includes China, Japan, Korea, India, Australia, and rest of Asia-Pacific.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
This report entails the detailed quantitative analysis of current market and estimations from 2015 to 2023 that assist to identify the prevailing market opportunities in the Asia-Pacific insulation materials market.
In-depth coverage of the market that includes drivers, restraints, and opportunities helps professionals to better understand the market behavior.
Detailed study of the strategies of key leaders, partnerships, and acquisitions in the Asia-Pacific market is provided.
Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
Pinpoint analysis of geographical segments helps to identify opportunities for growth within the marke
Top players in Asia-Pacific insulation materials market include:
BASF SE
The Dow Chemical Company
Bridgestone
ProtekAsia
ROCKWOOL Building Materials (Singapore) Pte Ltd.
Huntsman Corporation
Kingspan plc.
Armacell International Holding
Bayer Material Science
ITW Insulation Systems
Other prominent market players are
Nichias Corporation
Dongsung Finetec Corporation
Insulmat Asia
Nitto Denko Corporation
Foster Engineering Pte. Ltd.
Shenzhen Mysun Insulation Materials Co Ltd.
KCC
Japan Insulation Co., Ltd.
Nippon Aqua Co., Ltd.
Foilboard Insulation Systems
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Asia-Pacific Insulation Materials Market Key Segments:
By Type
Mineral Wool/ Rock Wool/ Stone Wool
Polyurethane Foam
Polyethylene
Polyvinyl Chloride
Expanded Polystyrene
Extruded Polystyrene
Others (Carbonglass, Fiberglass, Aerogel, Silicate, Perlite, Phenolic Foam, & Glass Wool)
By Application
Residential Construction
HVAC & OEM
Non-Residential
Wires & Cables
Automotive
Oil & Gas
Others (Packaging & Consumer Goods)
By Country
China
Japan
Korea
India
Australia
Rest of Asia-Pacific
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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