Global Insulation Materials Market 2017-2021: Leading Players are Rockwool International, Knauf Insulation, Covestro, Owens Corning, and Saint-Gobain S.A

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Dublin, April 17, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering.

The global insulation materials market is expected to reach $53,360.5 million by 2021, growing at a CAGR of 6.2% between 2016 and 2021.

The global insulation materials market is a highly competitive industry, with all its players competing to gain a greater market share. Rockwool International A/S, Knauf Insulation, Covestro AG, Owens Corning, and Saint-Gobain S.A. are some of the leading companies in this market.

This enormous growth is being anticipated due to the various benefits provided by insulation materials such as environmental benefits, emission reduction, less energy consumption, and the material's potential to be recycled and reused. These factors have contributed to the colossal demand of the insulation materials.

Additionally, an increasing number of applications of insulation materials owing to their emission reduction potential, the building rating systems, stringent government regulations & emission control norms, and large-scale investment by government and federal agencies are some of the other factors propelling the growth of insulation materials market globally. Most of the insulation materials manufacturers are of the similar financial capability and the landscape is extremely competitive because of the presence of a large number of players in the market. Therefore, innovation and development has been the key for gaining growth in this market.

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Globe Newswire: 09:05 GMT Tuesday 17th April 2018

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