Dublin, Nov. 27, 2020 (GLOBE NEWSWIRE) -- The "Indian Active Insulation Market 2020-2026" report has been added to ResearchAndMarkets.com's offering.
Indian active insulation market is estimated to grow at a CAGR of 7.0% during the forecast period. Some pivotal factors that will drive the market growth include rising construction spending and government focus on energy-efficient buildings. In May 2017, the Govt. of India introduced the Energy Efficient Buildings Programme (EESL) in which the government will invest nearly155 million by 2020 under the program of the building. Energy Efficiency Services Limited (EESL) implemented the scheme under the supervision of the Ministry of Power. Owing to the increasing government focus on energy efficient-buildings, Indian construction material manufacturers are focusing on carbon-neutral products. For instance, India's renowned cement manufacturer, Dalmia Bharat Cement is working to become a carbon negative group by 2040.
This, in turn, is expected to increase the demand for active insulation products in the India building and construction sector. Thermal insulation materials including mineral wool insulation support commercials and homeowners to save energy costs. Thermal insulation is one of the simple ways to apply most potential energy-efficient technologies that contribute to improve fire protection, sound control, personal comfort, and condensation control. The proper insulation of building with mineral wool or fiberglass enables to lower the amount of pollutants that are emitted into the atmosphere.
The market is segmented into product and application, which is classified based on its applications, such as building and construction and textile. Based on product, building and construction insulation materials include mineral wool, Expanded Polystyrene (EPS), glass wool, and others. Textile insulation materials include polyester, cotton, nylon, and wool. Based on application, active insulation material applications in the building and construction industry include commercial and residential. Commercial construction is growing rapidly in the country coupled with the increasing expansion of several multinationals. In 2007, the Indian Bureau of Energy Efficiency (BEE) introduced the Energy Conservation Building Code (ECBC).
ECBC commenced as a voluntary, however, in February 2018, it was made compulsory by the Ministry of Power, Gazette Notification. The building code applies to all commercial buildings with an air-conditioned floor area of 1,000 m2 or larger. This initiative will likely accelerate the demand for active insulation materials for energy savings and reduce environmental pollution. Active insulation materials applications in the textile industry include sportswear, activewear, and others.
Some prominent players in the market include Armacell International S.A., Knauf Gips AG, Owens Corning, Saint-Gobain Group, and Rockwool International A/S. Since 1998, Owens Corning commenced business in India with Insulation and Roofing Group and Composite Solutions Business.
Insulation and Roofing Group in India offer FOAMULAR, fiberglass insulation, and roofing shingles. FOAMULAR is an extruded polystyrene rigid form insulation which is intended for thermal insulation of building envelope and cold storages.
The market study of the Indian active insulation market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.
Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.
Secondary Sources Include:
Financial reports of companies involved in the market
Whitepapers, research-papers, and news blogs
Company websites and their product catalog
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Indian Active Insulation Market Research and Analysis, By Product
Indian Active Insulation Market Research and Analysis, By Application
The Report covers:
Comprehensive research methodology of the Indian active insulation market.
This report also includes a detailed and extensive market overview with key analyst insights.
Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Indian active insulation market.
Insights about market determinants which are stimulating the Indian active insulation market.
Detailed and extensive market segments with regional distribution of forecast revenues.
Extensive profiles and recent developments of market players.
Key Topics Covered:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
3. Market Determinants
4. Market Segmentation
4.1. Indian Active Insulation Market by Product
4.1.1. Building and Construction
184.108.40.206. Mineral Wool
220.127.116.11. Expanded Polystyrene (EPS)
18.104.22.168. Glass Wool
4.2. Indian Active Insulation Market by Application
4.2.1. Building and Construction
5. Company Profiles
5.1. Armacell International S.A.
5.2. Imerys Group
5.3. Knauf Gips KG
5.4. Minwool Rock Fibres Ltd.
5.5. Neo Thermal Insulation (India) Pvt. Ltd.
5.6. Owens Corning
5.7. Polybond Insulation Pvt Ltd.
5.8. Rockwool International A/S
5.9. Saint-Gobain Group
5.10. Sintex Plastics Technology Ltd.
5.11. Thermocare Rock Wool India Pvt Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ntwplw
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