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. 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.
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
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 market.
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
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
(The above companies are not profiled but can be done on Client's request)
