The "North American Active Insulation Market 2020-2026" report has been added to ResearchAndMarkets.com's offering.
North American active insulation market is estimated to grow at a CAGR of 5.3% during the forecast period
Some pivotal factors encouraging market growth include a considerable focus on green building and rising demand for thermal insulation materials in the region. As per the United Nations Environment Program, buildings and their construction sector account for 36% of the global energy consumption and 39% of energy-related carbon dioxide emissions per year. In the US, residential and commercial buildings account for 40% of energy use.
As a result, the US is focusing on reducing carbon emission in the building and construction sector. For instance, in November 2018, the US Green Building Council (USGBC) introduced LEED Zero. It is a new program that will address net-zero carbon operations and resources in buildings. USGC is strengthening its efforts to encourage and advance global partnership to decarbonize buildings. This, in turn, is accelerating the demand for thermal insulation materials to reduce greenhouse gas emissions, noise pollution, and decrease energy consumption in buildings.
The market is segmented into product and application, which is classified based on its applications, such as building and construction and textile. Based on product, building and construction insulation materials include mineral wool, EPS, glass wool, and others. Textile insulation materials include polyester, cotton, nylon, and wool. In building and construction products, mineral wool is expected to have potential demand in the region owing to its thermal insulation, soundproofing, pipe insulation, and other applications.
Additionally, it is suitable for applications that require an easy-to-install and lightweight insulation with robust thermal performance. In the US, products that are developed from mineral wool are normally utilized in high population density buildings for noise attenuation, insulation, and fireproofing. Based on application, active insulation material applications in the building and construction industry include commercial and residential. Its applications in the textile industry include sportswear, activewear, and others.
Some prominent players in the market include 3M Co., Owens Corning, W.L. Gore & Associates, Inc., INVISTA, and Johns Manville. The market players are adopting key strategies including mergers and acquisitions, product launches, and partnerships and collaborations, to increase their market share.
For instance, in July 2020, Johns Manville (JM) and a Berkshire Hathaway company, declared the introduction of an entire portfolio of water-repellent, mineral wool industrial insulation materials, adding blankets and fittings, v-groove pipe, and industrial board. The company widened its portfolio of MinWool-1200 water-repellent products owing to the emerging demand for water-repellent materials in the industrial insulation market.
Key Topics Covered:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
4. Market Determinants
5. Market Segmentation
5.1. North America Active Insulation Market by Product
5.1.1. Building and Construction
22.214.171.124. Mineral Wool
126.96.36.199. Expanded Polystyrene (EPS)
188.8.131.52. Glass Wool
5.2. North America Active Insulation Market by Application
5.2.1. Building and Construction
6. Regional Analysis
6.1. United States
7. Company Profiles
7.1. 3M Co.
7.3. Johns Manville
7.4. Marves Industries
7.5. Mid-Mountain Materials, Inc.
7.6. Owens Corning
7.7. Polartec, LLC
7.9. Syneffex, Inc.
7.10. W. L. Gore & Associates, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/8xmt9o
View source version on businesswire.com: https://www.businesswire.com/news/home/20201202005622/en/
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