Insulation Market Soars to $40.8 billion by 2031 as Natural Cosmetics Gain Traction
Energy Conservation Initiatives Propel Insulation Market The insulation Market is projected to be worth USD 40.8 billion by 2030, registering a CAGR of 6.30% during the forecast period (2022–2030). Insulation materials are used to curb energy, heat, and water consumption in both residential and non-residential applications. The growing emphasis on energy saving coupled with towering energy costs has further encouraged the use of insulating materials in various end-use applications. Governments in various countries have endeavored towards the reduction of greenhouse emissions. Various regulations pertaining to energy conservation have been laid down which further generate high demand for insulation. The resurgence of construction activities across various parts of the world has acted as a plus for the growth of the market. Modern housing standards put higher weightage on insulation to improve energy efficiency and achieve sustainability. An increase in residential as well as comme...