Active Insulation Market is expected to gross $512.8 million globally by 2031 at a CAGR of 5.9%, according to Allied Market Research
Rising demand for active insulation protective pants among mountaineers and in the defense sector and increased use of active insulation in the textile and construction industry drove the growth of the global active insulation market.
PORTLAND, Oregon., August 10, 2022 /PRNewswire/ — Allied Market Research recently released a report titled, “Active Insulation Market By Material (Polyester, Cotton, Wool, Nylon, Glass Wool, Expanded Polystyrene), By Application (Textile, Building & Construction): Global Opportunity Analysis and Industry Forecast, 2021-2031 “. According to the report, the global active insulation industry was pegged to $288.5 million in 2021, and should reach $512.8 million by 2031, growing at a CAGR of 5.9% from 2022 to 2031. The report offers detailed analysis of changing market trends, major segments, major investment pockets, chain of value, the regional landscape and the competitive scenario.
Drivers, constraints and opportunities
Rise in demand for active insulation protective pants among mountaineers and defense sector and increasing use of active insulation in textiles and construction industries has driven the growth of the market world of active insulation. However, retrofitting homes with active insulation is an expensive process and comes with potential risks associated with interstitial condensation, which hampers market growth. On the contrary, the use of protective textiles to withstand extreme temperature variations would open up new opportunities in the future.
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- The Covid-19 pandemic has had a negative impact on the market. The sharp drop in building construction and the sudden economic changes weighed on the market.
- The prolonged lockdown across the world has created challenges in the supply of raw materials. The pandemic has disrupted the supply chain, driving up commodity prices. This created a gap between supply and demand.
Textile Segment to Show Highest CAGR Till 2031
By application, the textile segment is estimated to register the highest CAGR of 6.2% during the forecast period. Protective textiles used in mountaineering and military activities require adequate thermal insulation and must be able to withstand extreme temperature variations. Active insulation materials are able to withstand temperature variations, provide breathability and are durable. This makes it an ideal material when producing protective textiles. However, the building and construction segment dominated the global active insulation market in terms of revenue, contributing about two-thirds of the market in 2021, and is expected to maintain its dominance throughout the forecast period. This is due to the use of active insulation for thermal protection in building and construction applications.
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The polyester segment held the largest share
By material, the polyester segment held the largest share in 2021, contributing more than a quarter of the global active insulation market, and is expected to maintain its leading position during the forecast period. This is due to the increase in the use of polyester blend active insulation for the production of protective textiles and the increase in its use in the defense sector. However, the expanded polystyrene segment is estimated to register the highest CAGR of 6.7% during the forecast period, owing to its light weight and compressive strength and other factors such as energy efficiency, chemical inertness, profitability and bacterial resistance.
Europe held the lion’s share
By region, the global active insulation market across Europe held the largest share in 2021, accounting for more than a third of the market, and is expected to maintain its dominance from 2022 to 2031, owing to the increasing use of active insulation by the defense industry and increased active polyester blend for protective textile production as it provides a high level of heat regulation, improved breathability, minimum protective textile weight and durability. However, the market across the Asia Pacific The region is expected to show the highest CAGR of 7.2% during the forecast period, due to the use of nylon-based active insulators in the production for trekking, mountaineering and other activites.
Main market players
- BASF SE
- hdwool ltd.
- Invista Textiles
- The 3M Company
- Polartec, LLC
- Polybond Insulation Private Limited
- Stoney Creek Limited
- Toray Industries, Inc.
- WL Gore and associates
The report analyzes these key players in the global active insulation market. These players have adopted various strategies such as expansion, new product launches, partnerships and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of each market player.
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Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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