The international insulation market was valued at 42.48 billion euros in the year 2017 & is expected to grow at a compound annual growth rate of 8.6 percent. There has been a rising use of insulation materials in residential and non-residential projects, due to the growing focus on energy conservation. Developing countries are the major markets which are driving up the growth for insulation products. And this trend is expected to continue on account of rising construction activity, rising industrial output and the rise in the disposable income available at hand.<br /><br />If the demand trend is predicted, over half of the new demand generated in the global market between the years 2017-2020 will happen in the Asia - Pacific region. Indonesia, India and China are the most important drivers of the insulation products in the global market. In these countries, it is the new demand which is driving up the growth, whereas, in western economies, it is......
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