5.3.2.2 Greenhouse gas emission reduction 38
5.3.2.3 Presence of stringent building energy codes 39
5.3.2.4 Growth in end-use industries 39
5.3.3 RESTRAINTS 40
5.3.3.1 Lack of awareness 40
5.3.4 OPPORTUNITIES 40
5.3.4.1 High energy requirements 40
5.3.4.2 Growing demand for recycled insulating material 41
5.4 PORTER’S FIVE FORCES ANALYSIS 41
5.4.1 THREAT OF NEW ENTRANTS 42
5.4.2 THREAT OF SUBSTITUTES 42
5.4.3 BARGAINING POWER OF BUYERS 43
5.4.4 BARGAINING POWER OF SUPPLIERS 43
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 43
5.5 MACROECONOMIC INDICATORS 44
5.5.1 GDP OF MAJOR ECONOMIES 44
5.5.2 CONSTRUCTION INDUSTRY ANALYSIS 45
6 FLEXIBLE INSULATION MARKET, BY MATERIAL 47
6.1 INTRODUCTION 48
6.1.1 FIBERGLASS 49
6.1.2 ELASTOMERS 50
6.1.2.1 Nitrile rubber 51
6.1.2.2 Silicone rubber 51
6.1.2.3 EPDM rubber 51
6.1.3 OTHERS 53