Thin Insulation Market worth 2.12 Billion USD by 2021 Thin Insulation Market worth 2.12 Billion USD by 2
Thin Insulation Market worth 2.12 Billion USD by 2021
The report "Thin Insulation Market by Type (Sheets & Films, Vacuum Insulation Panels, Coatings), Material
(Metals, Aersgels, Silica), Application (Building Thermal Insulation, Pipe Coating Insulation, Thermal
Packaging), and by Region - Global Trends to 2021", The global thin insulation market is estimated to reach
USD 2.12 Billion by 2021 and is projected to register a CAGR of 5.8% during the forecast period. This growth is
fueled by the high growth potential from the building thermal insulation application due to increasing
infrastructure development activities in North America and Asia-Pacific.
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Browse 112 market data tables with 55 figures spread through 163 pages and in-depth TOC on "Thin
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Plastic foams is the largest type of thin insulation
Plastic foams such as EPS, XPS, polyurethane foams, polyisocyanurate insulation, phenolic foams,
polytetrafluoroethylene, and polyimide are widely used in the different applications of thin insulation. These
are predominantly used in the oil & gas, construction, and automotive end-use industries due to their
excellent thermal resistivity. These foams in particular have become the preferred choice for 10mm to 20mm
thickness, solving the space and reliability issues in the construction industry. Thus, the increasing use of these
foams in oil & gas and automotive end-use industries is expected to drive the thin insulation market during the
Building thermal insulation is the largest application of thin insulation
Thin insulation is widely used in the building thermal insulation application for its thermal resistance or Rvalue, as higher the R-value, higher will be the heat resistance and lesser heat will flow. In buildings that have
thin walls or timber constructions, the impact of additional insulation is significant in. In addition, thin
insulation is used in the automotive industry to prevent heat and sound transfer in the vehicle and improve
braking performance, which is expected to drive the thin insulation market.
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Asia-Pacific is the fastest-growing thin insulation market
Asia-Pacific is the fastest-growing market for thin insulation globally with China being the largest as well as
fastest-growing country in the region. Increasing rural to urban migrations in the region are stimulating the
housing construction demand in urban areas; consequently increasing the market size of the thin insulation
materials. The growing construction industry (residential and non-residential) and advances in process
manufacturing are some of the key drivers for the market in Asia-Pacific. Countries such as India, Indonesia,
and China are expected to witness high growth in the thin insulation market, supported by increasing demand
from the building & construction industry.
The thin insulation market has few global players competing significantly for the market share, who are
actively investing in various strategies such as new product developments and joint venture & collaboration
globally to increase their market share. In addition, companies are also investing on R&D activities.