World Thin Insulation Market to Register CAGR of Almost 6% through 2021, States M&M in Its Report Recently Published at MarketPublishers.com
25 Jul 2016 • by Natalie Aster
LONDON – The total size of the global thin insulation market is expected to exceed USD 2 billion in 2021, posting a 5.8% CAGR from 2016 till 2021. The market growth will likely be driven by the rising demand from such end-markets as building thermal insulation and automotive. The highest growth rate of the automotive segment is likely to be witnessed in the developing countries of the APAC region, which is the fastest-growing regional market for thin insulation.
In the meantime, by 2021 North America is likely to hold the dominant position as the largest thin insulation market worldwide owing to the presence of manifold prominent companies in the regional marketplace. The demand for thin insulation in North America is currently gaining traction largely thanks to such factors as enhancing focus on energy-efficient buildings, severe requirements for insulation and also novel modern building codes.
New research report “Thin Insulation Market” worked out by MarketsandMarkets provides a 360-degree analysis of the global market for thin insulation and offers relevant data on its historical background and future possible development trends. The report highlights the market dynamics along with key market growth drivers and hinders, identifies potential growth sectors, reviews the present situation across key geographical markets, tracks the recent developments and casts light on the recent products launches. Moreover, the competitive scenario of the thin insulation market is disscussed. The dominant thin insulation market participants including The Dow Corning Corporation, Actis Insulation, BASF Polyurethanes GmbH, Kingspan Insulation, among others, are profiled in this report. Future forecasts through 2021 are offered as well.
Many other new research reports prepared by MarketsandMarkets are provided at its page.