Roof Insulation Market to Post 4.3% CAGR during 2016-2021, Predicts M&M in Its Cutting-edge Report Available at MarketPublishers.com
13 Jul 2016 • by Natalie Aster
LONDON – The worldwide roof insulation market is likely to post a 4.3% CAGR during 2016-2021. By 2021, the value of this market is predicted to surpass the USD 10.8 billion mark. Continuously expanding construction industry and stringent regulatory policies related to the reduction of greenhouse gases are only some of the factors that are predicted to spur growth within the roof insulation marketplace. Pitched roof application sector will see the fastest growth in the next 5 years.
Rigid insulation materials form the fastest-growing sector in the world roof insulation market. This type of roof insulation is extremely popular due to its outstanding properties like high R-value and compact design, which makes it appropriate for applications where space is limited. At present, the demand for rigid insulation materials from contractors and individuals is constantly rising and is expected to continue following this trend through 2021.
APAC is the most rapidly-growing regional market for roof insulation. Growth in this regional market is supported by modifications in building regulations and energy-saving initiatives. The construction industry in the APAC region is expected to see remarkable growth spurred primarily by emerging economies like Indonesia, India and China, therefore, driving the demand for roof insulation materials in the region.
New report by MarketsandMarkets (M&M) “Roof Insulation Market” offers a detailed guide to the world’s roof insulation marketplace. It uncovers updated market statistics, explores the reulative environment, scrutinises the key market growth influencing factors and offers and insightful overview of the recent trends and developments in the roof insulation market at various geographical scales. The study delves into the competitive scenario and also outlines prospects of the future growth in the global roof insulation market through 2021.
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