Industry Background:
Insulation sheets and films are generally used in the building thermal insulation application for its thermal resistance or R-value, as higher the R-value, the higher will be the heat resistance and lesser the heat will flow. In buildings that have thin walls or timber constructions, the impact of additional insulation is significant. In addition, insulation sheets and films is used in the automotive industry to prevent heat and sound transfer in the vehicle and improve the braking performance of the vehicle. It is also used in other end-use industries, thereby has led to significant growth in the insulation sheets and film market in the forecast period.
According to AMA Research, the market for Insulation Sheets and Films is expected to register a CAGR of 5.0% during the forecast period to 2030. This growth is primarily driven by Growing Infrastructure Development Activities in Asia-Pacific
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | Square Feet |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Construction Materials sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as BASF SE (Germany), Dow Chemical Company (United States), Kingspan Group (Ireland), Actis Insulation Ltd. (United Kingdom), Owens Corning (United States), Johns Manville (United States), Saint Gobain (France), Huntsman Corporation (United States), Xtratherm (Ireland) and Rockwool Group (Denmark), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2022, Avient Corporation announced that it has entered into an agreement with Royal DSM to purchase the DSM Protective Materials business. In conjunction with this proposed acquisition, Avient has also announced that it plans to explore sale options for its Avient Distribution business.
In May 2023, Cabot Corporation announced the launch of its new ENTERA aerogel particles portfolio. ENTERA aerogel particles are a thermal insulation additive designed to enable the development of ultra-thin thermal barriers for electric vehicle (EV) lithium-ion batteries. In this portfolio, Cabot has launched three ENTERA aerogel products that formulators can incorporate into a range of thermal barrier forms including blankets, pads, sheets, films, foams and coatings.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Growing Demand for Thermal Insulation
Market Growth Drivers:
Growing Infrastructure Development Activities in Asia-Pacific and Increasing Demand for Thinner and Lighter Insulation Sheets and Films
Challenges:
Presence of Unorganized Players In the Market
Restraints:
High Capital Costs
Opportunities:
Potential Substitute for Conventional Insulation Materials
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Insulation Sheets and Films Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Insulation Sheets and Films Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Insulation Sheets and Films players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Insulation Sheets and Films Study Sheds Light on
The Insulation Sheets and Films Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Insulation Sheets and Films industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Insulation Sheets and Films industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.