North American Active Insulation Market 2020-2026

North American Active Insulation Market Size, Share & Trends Analysis Report, By Product (Building and Construction (Mineral Wool, EPS, Glass Wool, and Others), Textile (Polyester, Cotton, Nylon, and Wool)), By Application (Building and Construction (Commercial and Residential), Textile (Activewear, Sportswear, and Others)) and Forecast, 2020-2026.

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.

Research Methodology

The market study of the North American active insulation market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

• North American Active Insulation Market Research and Analysis, By Product
• North American Active Insulation Market Research and Analysis, By Application

The Report Covers:

• Comprehensive research methodology of the North American active insulation market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American active insulation market.
• Insights about market determinants which are stimulating the North American active insulation market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.