Insulation Market Segments And Regional Revenue Forecasts To 2030
Insulation Market Growth & Trends The global insulation market size is expected to reach USD 102.47 billion by 2030, as per a new report by Grand View Research Inc., registering a CAGR of 6.5% over the forecast period. Rapid urbanization & industrialization and rising population in developing countries are estimated to boost the market growth in the projected period. Government initiatives to promote energy efficiency and sustainable development through insulation technologies are estimated to fuel the product demand from the industrial end-use segment. Initiatives through the Weatherization Assistance Program (WAP) by the U.S. government through federal funding to encourage the use of thermal insulation in low-income households are likely to drive the market growth in the North America region. Insulation Market Segmentation Grand View Research has segmented the global insulation market on the basis of product, end use, and region: Based on the Product Ins...