Description
Commercial insulation delays the flow of heat and controls excess temperature in commercial applications, such as institutions, hospitals, office buildings, malls, airports, food & beverages, residential buildings, general commercial, warehouses, lodging, and others. It provides an energy saving solution by offering zero Ozone Depletion Potential (ODP) and contains zero Volatile Organic Compounds (VOCs). Improper insulation is the major factor affecting the earth’s atmosphere, owing to the generation of Greenhouse Gas (GHG) from buildings. According to the need of application, commercial insulation is installed that can be measured on R-value scale to provide better facilities and comfort.
According to Market Research Future Analysis, the global commercial insulation market is predicted to reach USD 2,708.1 million by 2024, expanding at a CAGR of 5.71% during the forecast period of 2017-2024. The market has high growth due to increasing construction and stringent regulations. The commercial insulation is segmented in three different types, i.e, wraps/sheets, coatings, and adhesives & sealants. Wraps/sheets includes aluminum foil laminate, multi-ply composite membrane, insulation jacketing tapes, polyethylene duct wrap, and others. Among the type of wraps/sheets, aluminum foil laminates are widely used due to thermal properties, which provide better insulation in commercial applications. Moreover, coatings and adhesives & sealants are used with wraps/sheets to provide comfort and benefit. Furthermore, coatings segment includes vapor barrier coatings, weather barrier coatings, condensation control coatings, and others. Similarly, adhesives & sealants are found to have similar properties and sub-segmented into PVC adhesives, polystyrene foam adhesives, water-based insulation adhesives, and others.
According to the application segment, office buildings was the most promising segment that accounted for the largest global share of approximately 16.0% on account of rising demand for energy efficient commercial buildings. However, institutions, hospitals, malls, airports, food & beverages, residential buildings, general commercial, warehouses, lodging, and others applications have significant growth and market share in the global commercial insulation market.
Global Commercial Insulation Market Share, by Application 2017, (%)
Source: MRFR Report
Regional Analysis
The global commercial insulation market is segmented into North America, Europe, Asia Pacific, The Middle East & Africa, and Latin America. The demand for commercial insulation is predicted to surge in various countries of Asia Pacific, such as China and India, due to developing infrastructure. However, North America has accounted for the major share of 33.0% in 2016. The U.S. is the leading consumer and producer of commercial insulation in North America.
Segmentation
The commercial insulation market is categorized on the basis of type, application, and region. On the basis of type, the market is segmented into wraps/sheets (aluminium foil laminate, multi-ply composite membrane, insulation jacketing tapes, polyethylene duct wrap, and others), coatings (vapor barrier coatings, weather barrier coatings, condensation control coatings, and others), and adhesives & sealants (PVC adhesives, polystyrene foam adhesives, water-based insulation adhesives, and others). On the basis of region, the global market has been segmented into North America, Europe, Asia Pacific, Latin America, and The Middle East & Africa.
Key Players
Some of the key players operating in the global commercial insulation market are 3M (U.S.), Design Polymerics (U.S.), Vimasco Corporation (U.S.), Mon Eco Industries Inc. (U.S.), Henry Company (U.S.), and Polyguard (U.S.), among others.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o Italy
o Russia
o Spain
o U.K
o Poland
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Republic of Korea
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of Latin America
• The Middle East & Africa
o G.C.C
o Turkey
o Israel
o Egypt
o North Africa
o Rest of the Middle East & Africa
Key Findings
Global Commercial Insulation market is predicted to reach USD 2,708.1 million by 2024 at a CAGR of 5.71% over the assessment period of 2017-2024.The wraps/sheets commercial insulation segment accounted for 52.00% share in 2017. North America accounted for one-third of commercial insulation market in 2017 Asia Pacific accounted for the fastest growing region for increasing demand of commercial insulation. The increasing construction projects and developing worldwide nation with energy efficient smart buildings upsurge the market of commercial insulation across the global.
Intended Audience
• Commercial Insulation Manufacturers
• Commercial Insulation Suppliers
• Commercial Insulation Contractors
• Potential Investors
• Nationalized Laboratory
DC – Description
• Insulation insulating materials
• commercial building insulation
• commercial insulation contractors
• commercial roof insulation
• commercial spray foam insulation
• foil insulation
Table of Contents:
1 Report Prologue
2 Scope of the Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Reduction in energy cost and increase in consumption of insulation material
4.2.2 Increasing construction of commercial building
4.3 Restraint
4.3.1 Less availability of skilled labor
4.4 Opportunity
4.4.1 High growth of opportunities in the Middle East and Asia
4.5 Trends
4.5.1 Sustainability of saving energy
5 Market Impact Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Commercial Insulation Producers
5.1.3 Distributors
5.1.4 End-User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of new entrants
5.2.2 Threat of rivalry
5.2.3 Bargaining power of supplier
5.2.4 Bargaining power of buyer
5.2.5 Threat of Substitute Products
5.3 Price Point Analysis
5.4 Investment Opportunity Analysis
5.5 Merger and Acquisition Landscape
6 Global Commercial Insulation Market, By Product Type
6.1 Introduction
6.2 Wraps/Sheets
6.3 Coatings
6.4 Adhesives & Sealants
7 Global Commercial Insulation Market, By Application
7.1 Introduction (Institutional, Hospitals, Office Buildings, Malls, Airports, Food & Beverages, Residential Buildings, General Commercial, Warehouses, Lodging)
8 Global Commercial Insulation Market, By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 Spain
8.3.4 U.K
8.3.5 Russia
8.3.6 Italy
8.3.7 Poland
8.3.8 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Australia & New Zealand
8.4.5 Asean
8.4.6 Republic of Korea
8.4.7 Rest of Asia Pacific
8.5 The Middle East & Africa
8.5.1 G.C.C
8.5.2 Turkey
8.5.3 Egypt
8.5.4 Israel
8.5.5 North Africa
8.5.6 Rest of the Middle East & Africa
8.6 Latin America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of Latin America
9 Competitive Landscape
9.1 Introduction
9.2 Key Developments of Major Market Players
10 Company Profiles
10.1 Design Polymerics
10.1.1 Company Overview
10.1.2 Financials
10.1.3 Products
10.1.4 Strategy
10.1.5 Key Developments
10.1.6 SWOT Analysis
10.2 Vimasco Corporation
10.2.1 Company Overview
10.2.2 Financials
10.2.3 Products
10.2.4 Strategy
10.2.5 Key Developments
10.2.6 SWOT Analysis
10.3 Mon Eco Industries Inc.
10.3.1 Company Overview
10.3.2 Financials
10.3.3 Products
10.3.4 Strategy
10.3.5 Key Developments
10.3.6 SWOT Analysis
10.4 3M Company
10.4.1 Company Overview
10.4.2 Financials
10.4.3 Products
10.4.4 Strategy
10.4.5 Key Developments
10.4.6 SWOT Analysis
10.5 Henry Company
10.5.1 Company Overview
10.5.2 Financials
10.5.3 Products
10.5.4 Strategy
10.5.5 Key Developments
10.5.6 SWOT Analysis
10.6 Polyguard
10.6.1 Company Overview
10.6.2 Financials
10.6.3 Products
10.6.4 Strategy
10.6.5 Key Developments
10.6.6 SWOT Analysis
11 Conclusion
