The scope of our recent study, "Thermal Insulation Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Material Type and Industry Vertical," consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

Thermal insulation reduces heat movements and vapor condensation. Therefore, it prevents humidity, mold, freezing, deformation that may occur in the building and weakening of iron parts due to corrosion; and helps preservation of the building.  Moreover, in various industries, huge energy saving benefits can be obtained with decreased thermal conductivity in the lining construction through the utilization of products such as BTU-BLOCK insulation.

The global thermal insulation market is segmented into five main regions, including North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2021, APAC accounted for the largest share of the market. APAC countries, such as China and India, have the world's fastest-growing populations; thus, they have a huge and rapidly growing construction & automotive industry. The overall market is growing rapidly in the region due to the increased construction activities and high purchasing power of consumers. Moreover, North America is expected to grow at the highest CAGR over the forecast period.

Get Free Sample PDF Download - https://bit.ly/3CoGBkB

During the COVID-19 outbreak worldwide, the shutdown of manufacturing units and construction companies declined the demand for thermal insulation products, which, in turn, restrained the thermal insulation market growth. During the initial stages of the COVID-19 pandemic, thermal insulation manufacturers were forced to scale back or halt production temporarily. However, businesses gained ground as the governments of various countries eased out the previously imposed restrictions.

By geography, the thermal insulation market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The North America thermal insulation market is further segmented into the US, Mexico, and Canada. The Europe thermal insulation market is subsegmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. The Asia Pacific thermal insulation market is further categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The Middle East & Africa (MEA) thermal insulation market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The South & Central America thermal insulation market is segmented into Brazil, Argentina, and the Rest of South & Central America.

Thermal insulation materials limit the flow of heat energy from two ends of different temperatures. It  offers insulation in which the radiative heat is reflected, reduced, and absorbed. Companies focusing on lightweight products such as plastic is expected to augment the market growth for lightweight thermal insulation. Furthermore, as heavier insulation material is used in electronic goods such as refrigerators, the labor costs for installation also increases. Whereas lightweight thermal insulation material requires minimal effort and time for installation. Thermal insulation also finds applications  in other sectors such as building and construction, automotive, aerospace, and others. For aerospace applications, NASA has developed Aerogel insulation that packs a massive R-value of 2.4 at only 5mm thick for myriad uses within the space program. Due to the intense cold and heat that space travel inherently presents, NASA has created a solution—a premium aerogel insulation for space suits and spacecraft. Thus, lightweight products have become a preferred choice for manufacturers for complex and high-quality product designs.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information,

please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876