Industry Background:
Rigid insulation is also known as continuous insulation. The material for making rigid insulation is plastic such as polyisocyanurate (PIR) polyurethane (PU) and polystyrene (PS) or it can be made using fibrous material like slag wool, fiberglass, and rock. These insulation materials are made to break electricity, heat, sound from reaching outside of the building or anything. Over the past few decades, the construction and building industry have shown robustly increasing demand which will lead to lucrative growth of the rigid insulation market over the forecasted period.
This growth is primarily driven by Need for Energy Consumption in Buildings in Changing Seasons like Winter and Summer and Increasing Construction and Building Projects Globally is Upsurging the Demand of Rigid Insulation Products.
Globally, a noticeable market trend is evident Increasing concerns related to Energy Consumption and Sustainability
. Major Vendors, such as Covestro AG (Germany), BASF SE (Germany), Huntsman International LLC (United States), JSP Corporation (Japan), Owens Corning (United States), Armacell International (Germany), ACH Foam Technologies (Atlas Roofing Corporation) (United States), Kingspan Insulation (North America), Benchmark Foam Inc (United States of America), FMI-EPS (United States of America) and Insulation Corporation of America (United States of America) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 7th June 2019, Huntsman International introduced a new range of urethane elastomers which are customisable and give high performance in extreme working conditions.
Market Drivers
- Need for Energy Consumption in Buildings in Changing Seasons like Winter and Summer
- Increasing Construction and Building Projects Globally is Upsurging the Demand of Rigid Insulation Products
Market Trend
- Increasing concerns related to Energy Consumption and Sustainability
- Thermal and Acoustic Insulation is in Rising for Technological and Industrial Progress
Restraints
- Incongruous Handling of Material is affecting Various Health Hazards
Opportunities
Raising Awareness about the Requirement of Energy Consumption is Creating more Demand and Growing Population and Urbanization Increasing the demand for Building Construction and Insulation
Challenges
Stringent Government Rules and Regulations regarding increasing Global Energy Consumption and Economic Fluctuation Across the Global Market might Slowdown the Growth of Construction Industry
AMA Research follow 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 mostly 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include 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, Rigid Insulation Study Sheds Light on
The Rigid Insulation Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Rigid Insulation industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rigid Insulation industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.