The demand for flexible insulation is steadily increasing
Market research firm MarketsandMarkets released a report shows that in 2015 flexible insulation materials market size of 7.77 billion US dollars, is expected to reach 20.8 billion US dollars in 2021, the annual compound growth rate of 5.54%.
Increasingly stringent building codes in Europe, North America, the Middle East and Africa are expected to drive market demand for flexible insulation. In addition, the increase in demand for flexible insulation materials such as heat, sound and electrical insulation is driving this market.
Flexible insulating materials can generally be divided into glass fiber, elastomer, other (including airgel, cross-linked polyethylene). Among them, the glass fiber will occupy the largest market share. The global demand for green buildings and greenhouse gas emissions is growing, providing an excellent opportunity for the development of fiberglass materials. In addition, the wall insulation, heating and ventilation and air conditioning industry in the pipeline temperature insulation, flexible vents, jet engine pipes, aircraft parts and commercial buildings and other applications are a huge demand for glass fiber.
"2016, thermal insulation materials accounted for the largest share of flexible insulation materials market"
According to the type estimates, the thermal insulation material in the value and quantity in 2016 accounted for the largest share of flexible insulation materials market, mainly due to the growing awareness of energy conservation considerations. In addition, growth in construction and HVAC sectors in North America, the Middle East, Africa and Asia Pacific is expected to drive demand for flexible insulation.
"Europe is the largest market for flexible insulation materials"
The European region leads the global flexible insulation market in 2015. Europe has become increasingly concerned about improving building efficiency, and the policy has put forward higher demand for insulating materials. In addition, German residential and French commercial sites are increasingly using flexible insulating materials.
The main market participants in the report are Saint-GoBAin (France), Arles (Luxembourg), BASF (Germany), Johns Manville (USA), Owens Corning (USA), Knauf Insulation (USA), Continental (Germany) KinGSpan Group, Dow Corning (USA), Superlon Holdings (Malaysia), LISOLANTE K-FLEX (Italy), Fletcher Building (New Zealand), KCC (Korea), Thermaxx Jackets (USA), Beijing New Building Materials Co., Ltd. ), Pacor (USA), Thermaflex International Holding (Netherlands), Nichias Corporation (Japan), ALP Group (India), ALTANA (Germany), CAbot Corporation (USA), Aspen AeroGEls (USA), Trocellen (Germany), Aeroflex ( Switzerland) and Sekisui Pilon (Australia).
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