The size of the Flexible Insulation Market was at $ 8.63 billion in 2022 and is predicted to reach $ 10.74 billion by 2028, with a CAGR of 7.62% from 2023-2028
The global flexible insulation industry is driven by factors such as the reduction of greenhouse gas emissions, as well as the escalating number of green buildings, which generates positive impacts on the natural environment and climate. The other factors that would drive the flexible insulation industry are the presence of strict energy codes in construction in the form of rules and regulations and the expansion of the end-user sector. The lack of awareness of insulation in some countries, especially in Asia and Africa, restricts the industry for flexible insulation.
The need for flexible insulation in industries is escalating day by day due to the growing awareness of the benefits associated with its use. The materials employed for insulation are available in different forms and can be installed effortlessly. Flexible insulation It is the most important fusion of different compounds to stop the flow of heat and energy. It is classified into fibrous isolation, cell isolation, and granular isolation. Flexible insulation can be easily applied in applications where other materials cannot be employed. They are employed to prevent condensation, maintain process temperature, provide sound and protection, and save energy.
The worldwide flexible insulation industry is predicted to be driven by a rising call from end-use businesses. Flexible insulators can be applied successfully or flexibly in applications where other materials cannot be employed. Flexible insulators are employed to maintain procedure temperatures and offer fire ignition and noise protection.
The escalating use of thermal insulation for low-temperature, intermediate-temperature, and high-temperature insulation is predicted to increase the call for a flexible insulation market. The Asia-Pacific region industry is predicted to be driven by a higher call from China, which is the largest industry. One of the main expansion drivers of the worldwide flexible insulation industry is the increase in construction activities around the world. Growing concerns related to energy conservation in buildings have driven calls for the use of insulation materials in the non-residential and residential sectors, thus escalating industry expansion over the foreseen period. The call for fibrous and cellular thermal insulation material has escalated with respect to the variety of granulation because the gas can be transferred through the granular insulation material, which can reduce the efficiency of the material.
Fluctuating plastic foam prices are likely to hamper industry expansion due to changes in crude oil prices in the international industry, as polystyrene is a derivative of crude oil.
The rising call for flexible insulation in the housing segment in nations like Germany is another reason for the rising industry for flexible insulation.
The evolution of prices in the flexible insulation industry is a great challenge for the industry.
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
7.62% |
Segments Covered |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
|
Market Leaders Profiled |
Saint-Gobain (France), Armacell International S.A. (Luxembourg), BASF SE (Germany), Johns Manville Corporation (U.S.), Owens Corning (U.S.), Knauf Insulation Inc. (U.S.) , Continental AG (Germany), Kingspan Group Plc. (Republic of Ireland), Dow Corning Corporation (U.S.), Superlon Holdings BHD (Malaysia), L'ISOLANTE K-FLEX S.p.A. (Italy), Fletcher Building Ltd. (New Zealand), KCC Corporation (South Korea), Thermaxx Jackets, LLC (U.S.), Beijing New Buildings Materials Co. Ltd. (China), Pacor Inc. (U.S.), Thermaflex International Holding B.V. (Netherlands), Nichias Corporation (Japan), ALP Group (India), ALTANA AG (Germany), Cabot Corporation (U.S.), Aspen Aerogel Inc. (U.S.), Trocellen GmbH (Germany), Aeroflex AG (Switzerland), and Sekisui Pilon Pty Ltd. (Australia). |
Flexible Insulation Market - By Material:
Fiberglass
Elastomer
Aerogel
Cross-linked polyethylene
Fiberglass insulation accounts for the majority of the materials segment. The fiberglass insulation industry is believed to experience significant expansion due to its escalating use in different applications due to its lightweight, high tear resistance, and corrosion resistance.
Thermal insulation
Acoustic insulation
Electrical insulation
Thermal insulation is estimated to account for the largest share of the industry for insulation types. This is owing to thermal insulation offering a comfortable and hygienic indoor atmosphere at low ambient temperatures. Also, the escalating use of thermal insulation for low-temperature, intermediate-temperature, and high-temperature insulation is predicted to increase its call.
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Flexible insulation industry, both in value and volume. Stringent building energy codes, along with European Union directives aimed at improving building efficiency, are predicted to drive the call for flexible insulation in the region. Another reason for the expansion of the flexible insulation industry is the strong call for flexible insulation in the housing sector in countries such as Germany. Europe is the largest flexible insulation industry in terms of cost and volume. Strict energy standards for buildings, along with European guidelines for improving building performance, will strengthen flexible insulation requirements in the region. The rising call for flexible insulation in the housing fragment in nations like Germany is one more reason for the rising industry for flexible insulation.
Asia-Pacific is predicted to be the fastest-growing industry during the foreseen period in terms of value and volume. Escalating industrialization and the increase of the making of fragment in the region is one more factor that is predicted to drive the call for flexible insulation. Besides, the rapid urbanization of the region, coupled with rising income levels of the middle class, is generating high calls from different industries, which in turn is predicted to drive the flexible insulation industry. The region's industry is predicted to be driven by escalated calls from China, which is the largest industry, as well as from Japan, South Korea, and India. Additionally, strict building codes in countries like China are predicted to drive calls for flexible insulation in the region.
Recent Developments
Synflex launches a new range of flexible insulation in crime shanghai. Leading supplier to the worldwide electric motor, generator, and transformer manufacturing industries Synflex will use CWIEME Shanghai to launch its new line of SYNtherm® multilayer flexible insulation
Blackstone introduces the sale of insulation maker Armacell. Armacell, based in Münster, Germany, operates 25 manufacturing plants around the world and employs 3,000 people. It specializes in flexible insulation foams employed to insulate pipes and ducts in buildings.
Companies producing flexible insulation include Saint-Gobain (France), Armacell International S.A. (Luxembourg), BASF SE (Germany), Johns Manville Corporation (U.S.), Owens Corning (U.S.), Knauf Insulation Inc. (U.S.) , Continental AG (Germany), Kingspan Group Plc. (Republic of Ireland), Dow Corning Corporation (U.S.), Superlon Holdings BHD (Malaysia), L'ISOLANTE K-FLEX S.p.A. (Italy), Fletcher Building Ltd. (New Zealand), KCC Corporation (South Korea), Thermaxx Jackets, LLC (U.S.), Beijing New Buildings Materials Co. Ltd. (China), Pacor Inc. (U.S.), Thermaflex International Holding B.V. (Netherlands), Nichia Corporation (Japan), ALP Group (India), ALTANA AG (Germany), Cabot Corporation (U.S.), Aspen Aerogel Inc. (U.S.), Trocellen GmbH (Germany), Aeroflex AG (Switzerland), and Sekisui Pilon Pty Ltd. (Australia).
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