Rockville, April 24, 2023 (GLOBE NEWSWIRE) -- Currently valued at US$ 298.4 million, the global active insulation market is expected to grow at a 5.8% CAGR from 2023 to 2033. Global demand for active insulation is anticipated to reach a market value of US$ 528.9 million by the end of the forecast period.
Globally, there is a growing emphasis on sustainability, which has led to a strong demand for eco-friendly and effective insulating building materials for new construction projects. Over the next 10 years, it is anticipated that the aforementioned reason, together with the rising demand for infrastructure development, particularly in developing nations, would boost sales of active insulation products.
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| Active Insulation Market Scope | |
| Report Coverage | Details |
| Base year | 2022 |
| Historic period | 2017-2021 |
| Forecast period | 2023-2033 |
| Growth momentum & CAGR | Accelerate at a CAGR of 5.8% |
| Market growth 2023-2033 | US$ 528.9 Million |
| Market structure | Fragmented |
| Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
| Key countries | US, Canada, UK, France, and Germany |
| Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
| Key companies profiled | Polartec, PrimaLoft Inc., Unger Diffutherm GmbH, W.L. Gore & Associates Inc., INVISTA, Ecological Building Systems, Viridian, BASF, Remmers UK Ltd., Unger Diffutherm GmbH, HDWool, Armacell GmbH, Knauf Insulation |
| Market dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Market Drivers:
- The rising demand for energy-efficient buildings is driving the active insulation market. Active insulation helps in reducing energy consumption in buildings by minimizing heat loss and maintaining a comfortable indoor temperature.
- Governments across the world are imposing strict regulations to reduce energy consumption and greenhouse gas emissions. Active insulation is considered an effective solution to comply with these regulations, which is boosting the adoption of active insulation.
- The increasing awareness about the need for energy conservation is driving the adoption of active insulation solutions. Consumers are becoming more aware of the benefits of energy-efficient solutions, which is driving the demand for active insulation.
- The growth in construction activities, particularly in emerging economies, is driving the demand for active insulation solutions. With the construction of new buildings, there is a growing demand for insulation materials to enhance energy efficiency.
- The development of new and advanced active insulation materials and technologies is driving the market growth. The introduction of new materials and technologies is expected to improve the performance and efficiency of active insulation solutions.
Key Trends:
- The integration of IoT (Internet of Things) technology in active insulation solutions is becoming more prevalent, enabling real-time monitoring and control of building insulation systems. This trend is expected to continue to grow as the demand for smart buildings increases.
- Innovations in material science and manufacturing techniques are leading to the development of new active insulation materials that are more efficient, durable, and cost-effective. For instance, the development of phase change materials (PCMs) is expected to transform the market.
- The demand for green buildings that are energy-efficient and environmentally friendly is driving the adoption of active insulation solutions. Green buildings are becoming more popular as governments and businesses seek to reduce their carbon footprint.
- The retrofitting of existing buildings with energy-efficient solutions is becoming more common as businesses and homeowners seek to reduce their energy consumption and lower their utility bills. This trend is driving the demand for active insulation solutions that can be installed in existing buildings.
- Sustainability and energy efficiency are becoming key considerations for businesses and governments across the world. The growing focus on sustainability is expected to drive the demand for active insulation solutions, which can significantly reduce energy consumption and greenhouse gas emissions.
- Smart and connected active insulation solutions are becoming more prevalent in the market, as they enable real-time monitoring and control of building insulation systems
- Green building certifications, such as LEED and BREEAM, are gaining more traction across the globe. Active insulation solutions can help buildings achieve these certifications by reducing energy consumption and greenhouse gas emissions.
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Key Market Restraints
- Active insulation solutions are generally more expensive than traditional insulation materials, which may limit their adoption in some markets. The high cost of active insulation materials and technologies may also be a barrier to retrofitting existing buildings.
- While there is growing awareness about energy-efficient solutions, many consumers and businesses may not be aware of the benefits and availability of active insulation solutions. Limited awareness may limit the demand for active insulation products and hinder the market growth.
- Active insulation solutions require technical expertise and may pose challenges during installation and maintenance. The complexity of active insulation systems may also increase the risk of technical failures, which may negatively impact market growth.
Competitive Landscape:
The active insulation market is highly competitive, and companies are investing heavily in research and development to improve the performance and efficiency of their products.
- For instance, several companies, including Huntsman Corporation and Saint-Gobain, announced significant investments in R&D to develop new and innovative active insulation solutions.
Phase change materials (PCMs) are becoming more popular in the active insulation market as they offer a high thermal mass and can store and release energy to maintain a comfortable indoor temperature.
- For instance, several companies, including BASF and Honeywell, introduced new PCM-based active insulation solutions to the market.
Key Segments of Active Insulation Industry Research
- By Material:
- Polyester
- Cotton
- Wool
- Nylon
- Glass Wool
- Mineral Wool
- EPS
- Others
- By Application:
- Textile
- Activewear
- Sportswear
- Others
- Building & Construction
- Residential
- Commercial
- Textile
- By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
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Key Questions Covered in the Active Insulation Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will the global Active Insulation sales grow until 2033?
- Which are the factors hampering the Active Insulation demand?
- Which region will spearhead the growth in the global industry during 2023-2033?
- Which are the factors driving sales in the Active Insulation Market during the forecast period?
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