Thin Insulation Market Worth 2.12 Billion USD by 2021 - Seite 2

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Asia-Pacific is the fastest-growing thin insulation market 

Asia-Pacific is the fastest-growing market for thin insulation globally with China being the largest as well as fastest-growing country in the region. Increasing rural to urban migrations in the region are stimulating the housing construction demand in urban areas; consequently increasing the market size of the thin insulation materials. The growing construction industry (residential and non-residential) and advances in process manufacturing are some of the key drivers for the market in Asia-Pacific. Countries such as India, Indonesia, and China are expected to witness high growth in the thin insulation market, supported by increasing demand from the building & construction industry.

The thin insulation market has few global players competing significantly for the market share, who are actively investing in various strategies such as new product developments and joint venture & collaboration globally to increase their market share. In addition, companies are also investing on R&D activities. Major players such as The Dow Corning Corporation (U.S.), Actis Insulation (U.K.), BASF Polyurethanes GmbH (Germany), and Kingspan Insulation Ltd (U.K.) have adopted various organic and inorganic growth strategies.

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