Active Insulation Market to Witness Healthy Growth of 5%
Global active insulation market will grow 1.7X from 2019 to 2029. Stemming from increasing disposable income of millennial consumers and growing demand for activewear & sportswear textile applications of active insulation products will foster strong growth. Demand trends such as thermal management and improved breathability of activewear & sportswear will shape the active textile insulation segment. Global concerns about energy efficiency of infrastructure projects play a pivotal role in mass-adoption of active insulation products in building & construction. Emerging economies will employ active insulation products to develop sustainable infrastructure that mitigates carbon footprint. Low temperatures in North American countries further impel the demand for active insulation products across all application segments.
Building & Construction Present Robust Growth Opportunities
Active insulation in building & construction activities have maintained a stronghold on total market value when segmented by application type. The building & construction segment shows a positive growth trajectory with more than 5% CAGR through 2029. Developing countries are investing in energy efficient technologies that enhance infrastructure management. Active insulation technology provides control over temperature in residential and commercial buildings. This positions the product as a viable alternative for inculcating energy efficacy in residential and commercial properties. Textile applications will garner traction on the back of growing adoption of insulating materials in manufacturing of performance clothing. The textile segment is set to exhibit steady growth of 4.5% during the forecast period.
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North America Accentuates Global Demand for Active Insulation
North America holds a massive share of over 1/3rd of total market value. Local presence of prominent players propagate widespread utilization of active insulation materials in the textile industry. Rampant infrastructure development adds to the demand for active insulation in residential and commercial properties. Extreme cold temperatures in countries such as the US, Canada, and Greenland bolster sustained growth in North America during the forecast period. Asian regions (East Asia and Southeast Asia & Oceania) are anticipated to emerge as lucrative markets till midterm forecast. Countries such as India, China, South Korea, and Japan are shifting focus towards modernizing infrastructure development practices. Active insulation market is poised to gain remunerative growth opportunities from these trends.
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Material Innovation Drives Competitive Landscape
Market players in the active insulation market are innovating recyclable materials to stand out from the competition. Key players that influence the global active insulation market are Polartec, PrimaLoft, Inc, W.L. Gore & Associates, Inc., INVISTA, Viridian, BASF Remmers UK Ltd., Unger Diffutherm GmbH, and HD Wool.
- In January, 2020, INVISTA, Koch Industries’ textile, polymer, fiber, and resin producer, launched a virtual reality program for interactive and efficient training of employees.
- In January, 2020, Polartec® released 100% recyclable Power Air® Fabric which is expected to be employed by popular brands such as Houdini, Adidas, Burton, and NOBULL.
- In November, 2019, PrimaLoft® launched PrimaLoft® PURE™ (Produced Using Reduced Emission), a proprietary manufacturing technique that reduces as much as 48% carbon emissions in manufacturing insulating materials.
- In October, 2019, PrimaLoft® entered into a partnership with Parley for the Ocean to utilize plastic waste captured by the latter in manufacturing high performance insulation products.
- In August, 2019, HRWool received funding from Sky Ocean Ventures and the Government of UK’s Innovate UK program to reduce micro-plastic in oceans and employ that waste in producing effective and efficient insulation textiles.
Global Active Insulation Market - Scope of the Report
The following report provides forecast and analysis of the global active insulation market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and volume (Tons), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global active insulation market along with several macro-economic indicators. This newly published and insightful report on active insulation sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global active insulation market.
The report also comprises the study of current issues with end users and opportunities for active insulation. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of active insulation manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the active insulation market provided in the report adds to the credibility of this exhaustive research study.
Global Active Insulation Market: In-Depth Assessment on Key Segments
The global active insulation market is segmented on the basis of material, application and region.
|
Material |
Application |
Region |
|
Polyester |
Textile |
North America |
|
Cotton |
|
Latin America |
|
Wool |
|
Europe |
|
Nylon |
|
East Asia |
|
Glass wool |
Building & Construction |
South Asia & Oceania |
|
Mineral wool |
|
Middle East & Africa |
|
EPS |
|
|
|
Others |
|
|
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Country-specific assessment on demand for active insulation has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous active insulation manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target applications. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global active insulation market. Some of the key competitors operating in the active insulation market are Polartec, PrimaLoft, Inc., W.L. Gore & Associates, Inc., INVISTA, Viridian, Ecological Building Systems, Remmers Ltd., Unger Diffutherm GmbH, HDWool and others.
Global Active Insulation Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the active insulation market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the active insulation market, which includes global GDP growth rate, various industries growth rate such as textile, building & construction, and others. This report serves as an authentic resource of intelligence on the active insulation market, enabling the readers to take fact-based decisions on the future direction of their businesses.
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Active Insulation Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029