The Global Market for Insulation is Projected to Exceed $50 Billion by 2024
Spiraling Electricity Appetite and the Resulting Need to Make Structures Highly Energy Efficient Drives Demand for Insulation Materials, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Insulation market. The global market for Insulation is projected to exceed $50 billion by 2024 , driven by growing focus on making homes highly energy efficient, rise in new construction and renovation activity, and the critical need to safeguard system performance. Insulation offers the most effective and the easiest way for increasing the energy efficiency of structures, including homes, plants, and pipelines, among others, by controlling the transfer of electricity and/or heat. There are different types of insulation materials and insulation product forms, but all of them work on the same principle of ‘slowing heat transfer’, (heat flow into and...