Active Insulation Market
Active Insulation Market By Material (Polyester, Cotton, Wool, Nylon, Glass wool, EPS,Mineral wool), By Application (Textile, Building & Construction), By Region - Global Market Insights 2019 to 2029
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.
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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.
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
- PrimaLoft, Inc
- W.L. Gore & Associates Inc.
- INVISTA, Viridian
- BASF Remmers UK Ltd.
- Unger Diffutherm GmbH
- 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.
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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.
By Material :
- Glass wool
- Mineral wool
By Application :
- Building & Construction
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
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.