The global active insulation market is estimated to grow at a CAGR of 5.8% during the forecast period. The government initiatives to reduce building mission is the major factor driving the demand for active insulation products. Building and construction sector is accounted for 39% of all carbon emissions across the globe. The energy that is utilized to heat, cool, and light buildings accounts for 28% of carbon emissions and the rest 11% comes from upfront carbon which is linked with the use of materials and construction processes. As a result, government across the countries has taken some initiatives to reduce building and construction emission. In September 2019, Zero Carbon Buildings for All, a multi-layer global Initiative was introduced at the UN Climate Action Summit. This is a strong international coalition to decarbonize the building sector and meet climate goals.
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The core component of the initiative includes securing commitments from financial and industry partners and national and local leaders. Additionally, the national governments of the UK, Kenya, Turkey, and UAE announcing their commitment to Zero Carbon Buildings for All. This initiative will widen the scope of active insulation materials that contribute to reducing carbon emissions in the building and construction sector. Insulation materials have thermal insulating properties that offer essential energy and environmental benefits. Insulation products are particularly designed to decrease heat transfer through building structures in commercial, residential, and industrial applications. As a result, insulation products allow consumers to decrease their energy consumption and emission pollutants.
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Scope of the Global Active Insulation Market
· The market number available for 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- By Product and Application
· Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World
· Competitive Landscape- INVISTA, 3M Co., Saint-Gobain Group, Wacker Chemie AG, and Rockwool International A/S
Recent Developments in the Global Active Insulation Market
· In August 2020, Armacell declared the launch of ArmaGel DT, a next-generation flexible aerogel blanket for dual-temperature and cryogenic applications. It offers extremely low thermal conductivity, better thermal performance, and a decrease in insulation thicknesses than other insulation products. Its flexibility and hydrophobicity can offer protection against corrosion under insulation extending asset lifetime. It offers faster installation and more choice to the customer, as this product is launched with 5, 10, 15, and 20 mm thicknesses of aerogel blankets.
· In April 2018, Owens Corning acquired Guangde SKD Rock Wool Manufacture Co., Ltd., a Chinese mineral wool manufacturer. SKD manufactures mineral wool insulation for the technical and building insulation market. In China, mineral wool is the primary insulation material owing to its and fire protection and life-saving properties. This acquisition will enable Owens Corning to expand its technology portfolio across the three largest insulation markets across the globe.
Key questions addressed by the report
· What is the market growth rate?
· Which segment/region dominates the market in the base year?
· Which segment/region will project the fastest growth in the market?
· How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
Global Active Insulation Market-Segmentation
· Building and Construction
o Mineral Wool
o Expanded Polystyrene (EPS)
o Glass Wool
· Building and Construction
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Active Insulation Market– Segment by Region
· United States
· United Kingdom
· Rest of Europe
· Rest of Asia-Pacific
Rest of the World
· Middle East & Africa
· Latin America
· 3M Co.
· ACTIS Insulation, Ltd.
· Armacell International S.A.
· Autex Industries, Ltd.
· Freudenberg SE
· H.Dawson Sons and Company (HDWool) Ltd.
· INVISTA (Koch Industries, Inc.)
· Johns Manville
· Knauf Gips KG
· Marves Industries
· MITI Spa
· Owens Corning
· Polartec, LLC
· Remmers (UK), Ltd.
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