The flexible insulation market was $7.77 billion in 2015 and is expected to reach $10.84 billion by 2021, with an annual compound growth rate of 5.54 percent, according to a report released by market research firm MarketsandMarkets.
Tighter building codes in Europe, North America, the Middle East and Africa are expected to boost demand for flexible insulation.In addition, increased demand for flexible insulation materials such as thermal, acoustic and electrical insulation is driving this market development.
Flexible insulation materials can be generally divided into glass fiber, elastomer, other (including aerogels, crosslinked polyethylene).Among them, glass fiber will occupy the biggest market share.The growing global demand for green buildings and greenhouse gas reduction offers a great opportunity for the development of glass fiber materials.In addition, there is a huge demand for fiberglass in applications such as cavity wall insulation, heating ventilation and air conditioning, flexible vents, jet engine piping, aircraft components and commercial buildings.
"" in 2016, thermal insulation materials accounted for the largest share of flexible insulation materials market" "
As estimated by type, adiabatic materials accounted for the largest share of flexible insulation materials market in both value and quantity in 2016, mainly due to the increasing awareness of energy conservation.In addition, growth in construction and heating, ventilation and air-conditioning industries in North America, the Middle East, Africa and the asia-pacific region is expected to drive demand for flexible insulation.
"Europe is the biggest market for flexible insulation"
Europe led the global market for flexible insulation in 2015.There is a growing concern in Europe about building efficiency, and there is a higher demand for insulation.Flexible insulation is also increasingly used in German homes and in French commercial establishments.
The main market participants in the report are saint-gobain (France), Luxembourg (Luxembourg), basf (Germany), Johns Manville (USA), Owens Corning (USA), Knauf mowk (USA), Continental (Germany), Kingspan Group (Ireland), dow Corning (USA),Superlon Holdings (Malaysia), LISOLANTE k-flex (Italy), Fletcher Building (New Zealand), KCC (Korea), Thermaxx Jackets (USA), Beijing new Building materials co., LTD. (China), Pacor (USA), Thermaflex International Holding (Netherlands), NichiasCorporation (Japan), ALP group (India), ALTANA (Germany), Cabot Corporation (USA), Aspen Aerogels (USA), Trocellen (Germany), Aeroflex (Switzerland) and Sekisui Pilon (Australia).