Industry Background:
Insulation is any object that is used to stop the passage of electricity, heat, or sound from one conductor to another. It is an essential part of healthcare building facilities to maximize energy efficiency, reduce noise, and improve indoor air quality. In today’s time, due to the rise in healthcare construction activities, evidence-based design is influencing decisions throughout architecture, engineering, and construction. Proper insulation leads to positive patient outcomes such as shorter hospital stays and improved morale due to environmental design factors and isolated medication prep rooms.
According to AMA Research, the market for Insulation Healthcare and Hospitals is expected to register a CAGR of 7.8% during the forecast period to 2030. This growth is primarily driven by Increasing Demand of Insulation to Reduce Noise, Carbon Emission, and Improve Indoor Air Quality.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
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 Building Products 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 Manufacturers, such as Saint-Gobain (France), Knauf (Germany), Kingspan Group (Ireland), USG (United States), Bradford Insulation (Australia), Armacell (Luxembourg), Gerflor SAS (France), Lloyd Insulations (India), Aerofoam (India) and Callan Insulation (United Kingdom), 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 2019, Knauf acquired USG to boost the size of its North American business operations. Knauf and USG both manufacture ceiling products and Knauf integrated its North American insulation division with USG's drywall, ceiling, flooring, roofing, and sheathing product businesses. With this acquisition, Knauf will significantly strengthen its competitive position in the world drywall and building plaster industry.
In June 2020, CertainTeed, a leading North American brand of building materials launched Ecophon Hygiene Advance with acoustic control for healthcare environments. Ecophon Hygiene Advance Wall panels are impervious to water and stain resistant, which has been specifically designed for daily disinfecting with chemical compatibility including formalin, ammonia, hydrogen peroxide, isopropanol, sodium hypochlorite, etc. Like other CertainTeed panels, Ecophon Hygiene Advance Wall is subjected to ASTM wash cycle testing protocol, to ensure durability and longevity at over 2000+ cycles.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:
Increased Demand of High-performing and Water-resistant Insulation Due to Growing Popularity of Green Roof
Market Growth Drivers:
Increasing Demand of Insulation to Reduce Noise, Carbon Emission, and Improve Indoor Air Quality
Challenges:
High-Cost Associated with Installation of Insulation May Hamper the Growth
Opportunities:
Increased Adoption of Insulation in Hospitals to Improve Energy Efficiency and Provide Healthy Environment
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 Manufacturers 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 Healthcare and Hospitals 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 Healthcare and Hospitals 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 Healthcare and Hospitals 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 Healthcare and Hospitals Study Sheds Light on
The Insulation Healthcare and Hospitals Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Insulation Healthcare and Hospitals industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Insulation Healthcare and Hospitals 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 Manufacturers 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.