Asia-Pacific Active Insulation Market is estimated to grow at a CAGR of 6.8% during the forecast period. The increasing trend towards smart city projects is expected to offer an opportunity for the adoption of green insulation materials. As per the German Asia-Pacific Business Association, the Government of China is highly engaged in the smart cities’ development and approximately 500 pilot projects have already been running in the country. Further, in India, the total investment in the Smart Cities Mission is foreseen to be more than $27 billion through 5,151 projects. The increasing government initiatives to reduce building emission and energy consumption are expected to leverage the demand for green building materials in smart city projects.
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Implementing thermal insulation materials on building leads to an increase in energy savings. Thermal insulation contributes to addressing the strict requirements of the Energy Conservation Building Code (2007) in India for roof and wall. This results in a reduction of the heat load within the built environment. The air conditioning system can work with less energy due to the decreased heat load. Expanded polystyrene (EPS) is an advanced building material that is a suitable choice for green building design, providing tangible environmental benefits that can leverage energy efficiency, offering improved indoor environmental quality, and increase durability.
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Scope of the Asia-Pacific Active Insulation Market
Market Coverage
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Product and Application
- Countries Covered- China, India, Japan, and Rest of Asia-Pacific
- Competitive Landscape- Armacell International S.A., Knauf Gibs AG, Saint-Gobain Group, Neo Thermal Insulation (India) Pvt Ltd., and Owens Corning
Recent Strategic Initiatives in the Asia-Pacific Active Insulation Market
- In May 2018, Armacell acquired De Xu (Guangdong De Xu Insulation Materials Co. Ltd). De Xu is a Chinese producer of flexible elastomeric foam within the Sinoflex brand. The addition of De Xu and the Sinoflex brand will strengthen its capacity to meet the demand for Chinese markets and leverage additional manufacturing potential in the Asia Pacific.
- In April 2018, Owens Corning acquired Guangde SKD Rock Wool Manufacture Co., Ltd., a Chinese mineral wool manufacturer. SKD manufactures mineral wool insulation for the technical and building insulation market. In China, mineral wool is the primary insulation material owing to its and fire protection and life-saving properties. This acquisition will enable Owens Corning to expand its technology portfolio across the three largest insulation markets across the globe.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Active Insulation Market-Segmentation
By Product
- Building and Construction
o Mineral Wool
o Expanded Polystyrene (EPS)
o Glass Wool
o Others
- Textile
o Polyester
o Cotton
o Nylon
o Wool
By Application
- Building and Construction
o Commercial
o Residential
- Textile
o Activewear
o Sportswear
o Others
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