Global Insulation Board Market: Overview
Insulation
board is defined as a board with insulating properties. It is a structural or
finish material that consists of sheets of lightly compressed vegetable pulp,
which is transformed into its finished form and is used especially
for its thermal insulating effect which is obtained from great numbers of
minute included air space. Insulation boards are preferred to be utilized as
electrical insulation in several applications, due to pure cellulose which is
used to manufacture insulation board and possess excellent
insulationl properties. Cellulose, which is used to manufacture insulation
boards, is a good insulator and is also polar, having a dielectric constant
significantly greater than one. Electrical paper products are classified by
their thickness, with tissue considered to be papers less than 1.5 mils (0.0381
mm) thickness, and boards being papers having thickness of more than 20 mils
(0.508 mm).
Factors
such as rising demand for insulation board in the building & construction
industry owing to rising population and urbanization is propelling the
insulation board market. Furthermore, high demand for insulation board in the
electrical & electronics industry is also augmenting the insulation board
market, while the presence of substitutes to insulation board is expected to
hamper the insulation
board market.
Global Insulation Board Market: Key Segments
In terms
of product, the insulation board market can be segmented into conventional,
high insulation, and others. A high insulation board is preferred owing to
rising demand in residential and commercial buildings due to increasing
investments in the building & construction industry.
Based on
material, the insulation board market can be classified into calcium silicates,
concrete based, cellulose-based, and others. The cellulose-based segment holds
a prominent share of the market, in terms of volume, during the forecast
period.
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In terms
of density, the insulation board market can be segregated into low density
insulation board, medium density insulation board, and high density insulation
board.
Based on
end-use industries, the insulation board market can be split into industrial
applications, commercial & residential buildings, and others. The
commercial & residential building segment is expected to hold a significant
share of the market by the end of the forecast period due to rising
industrialization and urbanization.
In terms
of application the insulation board market can be bifurcated into wall heat
preservation, roof heat preservation, ground insulation and others.
Global Insulation Board Market: Regional Outlook
Based on
geography, the insulation board market can be segmented into North America,
Europe, Asia Pacific, Latin America and Middle East & Africa. Among these,
in terms of volume, Asia Pacific accounts for a prominent share of the global
insulation board market, owing to expansion of the building & construction
industry and rising urbanization and industrialization in the region during the
forecast period.
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Global Insulation Board Market: Key Players
Key
players operating in the insulation board market include ABB, Weidmann ,
Mikitoku, Oji Holdings, Taizhou Xinyuan , Hunan Guangxin , Changzhou Yingzhong
, XuJue Electrician, BASF SE, The Dow Chemical,Ursa, Kingspan Insulation, Owens
Corning, ACH Foam Technologies, Knauf, Yichang Hongyang Group , KingTec
Materials, Ningbo Yihe Green Board, Sanle Group, Guangdong Soben Green,
Shandong lutai, and Skamol.
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