The global active insulation market is
expected to reach USD 357.8 million by 2025, according to a new report by Grand
View Research, Inc. Globally, increasing demand for insulation in building
& construction has been a major factor driving growth. In addition, growing
demand for activewear and sportswear for activities such as cycling, yoga,
workouts and sports is also expected to enhance the industry growth.
Europe emerged as the largest
regional segment accounting for 34.1% of total market volume share in 2016.
This can be attributed to the favorable government regulations regarding use of
active insulation in building applications in the region. Asia Pacific is
anticipated to emerge as the fastest growing regional segment with a CAGR of
6.3% over the forecast period. Product demand in the region is majorly
attributed to the increasing utilization of active insulation technology in the
production of active wear and sportswear in countries like China and India.
Active wear emerged as the
largest application category and accounted for 57.7% of the total revenue of
the textile segment in 2016. Product demand in active wear is expected to
witness a comparatively high growth rate over the forecast period.
Glass wool emerged as the leading
product segment in building & construction segment in 2016, growing with a
CAGR of 4.7% from 2017 to 2025. Being a mature market the North America region
has witnessed stable growth in most of the application segments. New
construction projects and employment of energy efficiency plans is likely to
initiate industry rivalry in the region.
U.S. active insulation market
volume by product, 2014 - 2025 (Kilo Tons)
Browse full research report on
Active Insulation Market
Further key findings from
the report suggest:
- The global
active insulation demand exceeded 117 kilo tons in 2016 and is expected to
grow at a CAGR of 5.0% from 2017 to 2025
- Polyester
emerged as the largest textile product segment in 2016 and is estimated to
generate revenue worth over USD 54 million by 2025
- Global EPS
demand in building & construction was USD 48 million in 2016 and is
anticipated to witness staggered growth over the next eight years
- The U.S.
active insulation demand in sportswear application was over 2.9 kilo tons
in 2016 and is estimated to witness moderate growth rate from 2017 to 2025
- Product
demand in North America is projected to witness substantial growth and is
expected to exceed USD 113 million by 2025
- Key players
including PrimaLoft, Inc., Polartec, Economical Building Systems dominated
the global active insulation market while accounting for over 65% of the
total market share in 2016
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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