– Demand for fiberglass in multiple insulation applications to drive revenue gains; rise in use in residential construction applications to expand lucrative avenues
– Rise in utilization in heating, ventilation, and air conditioning (HVAC) applications to underpin enormous profitable opportunities in Asia Pacific insulation market
ALBANY, N.Y., Feb. 18, 2022 /PRNewswire/ — The expanding array of thermal, electric, and acoustic insulation products for applications in the construction and automotive industries has spurred sales revenues in the insulation market. The past few years have witnessed abundant use of insulation materials in automobiles and automotive electronics, and the trend is expected to continue in the next few years. The global valuation of insulation market is projected to surpass worth of US$ 175.1 Bn by 2031.
In building and construction industry, acoustic insulation materials are witnessing R&D, thereby unlocking new avenues. The utilization of thermal and electric insulation products in residential buildings has been propelling the sales, found the TMR…
