Thin Insulation Market Size, Share, Forecasts Analysis, Company Growth, Company Profiles and Key Regions 2018 - 2026
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Insulation materials are typically thicker in size to provide better insulation. However, in some cases, the available space for the application of insulation material is restricted. In such cases, thin insulation materials are used. Insulation materials are available in a wide range of sizes and shapes. Thin insulation materials are entirely made of plastic, metals, fibreglass, aerogels, silica, and other materials. These thin insulation materials have a maximum thickness of 20 mm. Thin insulation is used in many industries, including automotive and construction. Thin insulation materials provide heat, noise, current, and other factor insulation while taking up less space than thick insulation materials.
North America holds a small portion of the global thin insulation market. However, due to growing demand in shale gas equipment, hydraulic fracturing equipment, and other high-end industries, North America is expected to generate massive demand for thin insulation during the forecast period. Due to increased demand from the automotive and construction industries, India is expected to create a plethora of market opportunities in Asia Pacific. During the forecast period, China is expected to remain the leading market for thin insulation.
Other Asia Pacific countries with large-scale industrial output, such as Malaysia, Thailand, South Korea, and Taiwan, are expected to drive demand for thin insulation in the region during the forecast period. The Middle East and Africa have seen a steady increase in industrial activity. Increasing activity in the region's oil and gas industry is expected to drive demand for thin insulation during the forecast period. Because of increased production in the automobile and construction industries, Latin America is expected to see an increase in demand for thin insulation.
Market Segmentation:
By Product Type
- Coatings
- Foams
- Vacuum insulation panels
- Foils
- Sheets & films
- Others
- Thermal packaging
- Wires & cables
- Building thermal insulation
- Pipe coatings
- Automotive
- Others
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