On the basis of materials, the mineral wool insulation segment had the highest percentage in 2021, accounting for more than two-fifths of the global commercial insulation market, and is expected to maintain its leading prestige during the forecast period. However, the plastic foam segment is expected to record the highest CAGR of 6. 4% from 2022 to 2031. The report also looks at the mid-range segment.
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On the basis of form, the piping segment accounted for the highest percentage in 2021, contributing to almost a share of the global commercial insulation market, and is expected to maintain its leadership in terms of profit during the forecast period. In addition, the same segment is expected to have the highest CAGR of 5. 4% from 2022 to 2031. The report also looks at the roof and panel segments.
According to the end-use industry, the oil and fuel segment accounted for the highest percentage in 2021, with almost a third of the global market, and is expected to retain its leading prestige during the forecast period. Other segments discussed in the report come with energy, cement, food and beverages, and chemicals and petroleum.
By region, Asia Pacific had the highest percentage in 2021, contributing more than two-fifths of the overall market share, and is expected to retain its dominant share in terms of profits in 2031. In addition, the same region is expected to have the fastest CAGR of 6. 4% during the forecast period. It also analyzes regions such as Europe, North America and LAMEA.
The major players in the global commercial insulation market analyzed in the studies are Armacell International SA, BASF SE, Cabot Corporation, Johns Manville, Kingspan Group PLC, Knauf Insulation, Nichias Corporation, NMC Group, Owens Corning, Polyguard Materials Inc. , Promat , Rockwool Group, Saint Gobain, Solvay and Thomas Insulation Corporation. These players have followed other methods such as new product launches, collaborations, expansion, joint ventures, agreements, and others to build their market share percentage and commanding percentages in other regions. The report is valuable in highlighting the business performance, operating segments, product portfolio, and strategic moves of marketplaceplaceplace players to provide the competitive landscape.
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About Us: Allied Market Research (AMR) is a full-service market research and business consulting department of Allied Analytics LLP founded in Portland, Oregon. Allied Market Research supplies global companies as well as small and medium-sized enterprises with unprecedented quality. of “market research reports” and “business intelligence solutions”. AMR has a specific vision to provide business data and recommendations to its clients to make strategic business decisions and achieve sustainable expansion in their respective market areas.
Pawan Kumar, CEO of Allied Market Research, leads the organization to deliver high-quality knowledge and information. We maintain professional relationships with corporations, which helps us extract knowledge from the market that helps us generate accurate study knowledge tables and verify the highest accuracy of Our Marketplace forecasts. All the knowledge presented in the reports we publish is drawn from number one interviews with senior officials of giant corporations in the corresponding box. Our secondary knowledge acquisition method includes extensive online and offline studies and discussions with expert industry analysts and professionals.