What is the current Thin Insulation Market size?

The Thin Insulation Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029) Read More

Who are the key players in Thin Insulation Market?

Dow, BASF SE, Cabot Corporation, Armacell and Johns Manville are the major companies operating in the Thin Insulation Market. Read More

Which is the fastest growing region in Thin Insulation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Thin Insulation Market?

In 2024, the Asia Pacific accounts for the largest market share in Thin Insulation Market. Read More

What years does this Thin Insulation Market cover?

The report covers the Thin Insulation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thin Insulation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Thin Insulation Market Trends

Statistics for the 2023 & 2024 Thin Insulation market trends, created by Mordor Intelligence™ Industry Reports. Thin Insulation trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Thin Insulation Industry

This section covers the major market trends shaping the Thin Insulation Market according to our research experts:

The Building and Construction Sector to Boost the Market

The building and construction sector makes extensive use of thin insulation, as these thin films provide the purpose of heat insulation, and at the same time, deal with the spacing problems which are prevalent in the industry.
With rapid expansion and urbanization, construction activities have surged, like infrastructure, corporate buildings, residential, etc., which in turn, is expected to grow the demand for thin insulation material in the market.
The global expenditure of the building and construction industry in 2019 was about USD 11 trillion, and it is evaluated to expand up to USD 14 trillion by the end of 2025, thus, benefitting the market during the forecast period.
In 2019, the industry revenue of the construction sector from its different segments of specialized construction activities, construction of buildings, civil engineering, etc., is estimated to accrue USD 201.31 billion, USD 86.7 billion, and USD 45.55 billion, respectively.
All the aforementioned factors, along with government support, are expected to drive the global thin insulation market during the forecast period.

Understand The Key Trends Shaping This Market

Download PDF

Asia-Pacific to be the Largest Market for Thin Insulation

Asia-Pacific is expected to have the largest market share in the thin insulation market during the forecast period.
Developing nations, for instance, India and China, create enormous interest in the items. China's thirteenth Five-Year Plan (2016 - 2020) expects to target the development of 6.5% during a similar period.
The Indian government has made an ongoing declaration of its arrangement to incorporate the development of 100 smart cities across the country by investing USD 28.18 billion in the project.
The building and construction sector of Asia-Pacific accounts for around 46% of the global market share, thus, making the region lucrative for the thin insulation market.
Thus, the rising demand from various industries is expected to drive the market in the region during the forecast period.