[b]Global insulation market to reach USD 56.68 billion by 2018[/b]

[b]Mumbai, India – June 3, 2014 –[/b] The insulation market refers to the industrial segment which ensures the manufacturing of insulating substances used to maintain the heat in buildings by dissolving the heat by using the techniques of radiation, conduction and convection. Insulating materials are also known to safeguard houses against adverse effects of fire, sound and impact. The insulation market has been growing at a steady pace over the years; research on the insulation market indicates that the global insulation industry is expected to grow at a CAGR of 8.17% in the period between 2013 and 2018.

The report: Global Insulation Market 2014-2018 discusses the market trends and challenges witnessed by the global insulation market and throws light upon the major drivers propelling the segment forward.

[b]Key drivers of the global insulation market[/b]
The insulation market has been growing steadily and is estimated to touch USD 56.68 billion by 2018. There has recently been an increased awareness about the steadily diminishing natural resources of the planet which has boosted the requirement for insulation in residential and commercial spaces. Consequently the constant usage of recyclable insulating substances has become one of the key trends that have been driving this market. Mineral wool, foamed plastics and fibreglass are some of the most frequently utilized insulating materials and while fibreglass is the most common material used worldwide, it is closely followed by foamed plastic which is more popular in the US. Additionally the developments in the construction industry especially in developing economies have further motivated the growth of the insulation market. Given the market conditions, the lack of awareness of its utility amongst consumers is the key challenge the industry faces particularly in emerging economies like China and India.

[b]Key regions of the global insulation market[/b]
The global insulation market has been performing well in United States, Europe, Middle East and Africa as well as in the APAC region. Market experts speculate that the insulation market in the APAC region would expand by a CAGR of 9.2% by 2018. During forecast period, the North American region is also expected to grow considerably.

[b]Key vendors of global insulation market[/b]
Knauf Insulation Group, Huntsman Corp., Rockwool Group, Owens Corning Group, BASF SE, Bayer AG, Carlisle Insulation Inc., Fletcher Building Ltd., Hebei Renqui Jinglian Group Co. Ltd. are some of the key vendors operating in the market space shaping the global markets in this segment.

For further insights, click here, http://www.researchonglobalmarkets.com/global-insulation-market-2014-2018.html

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