The global Insulation Market is projected to witness growth with an excellent CAGR of 8.6% over the forecast period.
Rising awareness related to energy conservation is driving growth of the insulation market.
Although the construction industry has endured subdued records after the outbreak of worldwide financial crisis in 2008, growing apprehensions over enhanced energy efficiency in residential and non-residential buildings, coupled with surging energy costs are rendering HVAC materials as a popular choice.
Zero energy buildings have gained prominence as regulatory authorities are incorporating legislation highlighting the importance of minimizing energy loss with the help of Retrofit construction.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/insulation-market/request-sampleFoamed plastic insulation is gaining huge traction especially in North America and the rest of U.S. allowing it to acquire significant market share from mineral wool and fiberglass products.
Strong residential growth in China and India is driving demand for this industry.
The growing competitiveness among the construction companies is significantly opening up employment opportunities, specifically in building renovation sector.In 2019, Nemo has launched new synthetic material called FeatherCore that weighs less and packs smaller.