September 05, 2019
WELLESLEY, Mass., Sep 05, 2019–Introduction of new materials with advanced properties and high levels of R&D in the aerogels segment are two factors driving growth in the global performance insulation market, according to a report by BCC Research, “Performance Insulation: Market Overview and Top Ten Companies.”
The market expects to see a compound annual growth rate (CAGR) of 6.9% through 2023, when it could be worth $23.4 billion.
Read the full report here: https://www.bccresearch.com/market-research/manufacturing/top-10-performance-insulation-companies.html
“In the current market, industrial, residential and commercial builders face myriad options for improving building energy efficiency that includes high-performance insulation, energy efficient equipment, and a growing cadre of smart systems and controls,” write BCC analysts. “When seeking green building certification or simply higher energy efficiency construction, cost effectiveness and multiple benefits become critical factors in selecting energy efficient, green technologies. High-performance insulation includes a group of rapidly growing multi-benefit residential and commercial building technologies designed to improve insulation capacity while advancing building strength.”
The Growth of Aerogels
The report adds that aerogels, first developed in the 1930s, were popularized in 1999 by the NASA Stardust mission, which used them to capture dust particles from a comet. In the past 15 years, interest has increased steadily in these ultra-light, nonporous materials, leading to their use in many industrial, high-performance applications. Although originally produced as silica monoliths, aerogel technology has evolved over time. Aerogels now are commercially available in a variety of materials, shapes and sizes, to meet the requirements of a broader number of applications.
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Performance Insulation: Market Overview and Top Ten Companies( MFG070A )
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