North American active insulation market is estimated to grow at a CAGR of 5.3% during the forecast period. Increasing demand for residential and commercial construction is driving the demand for active insulation products in the region. As per the US Census Bureau, residential construction spending in the US increased from $545.8 billion in 2017 to $563.9 billion in 2018. Significant spending on residential construction is driving the adoption of active insulation materials in the region, owing to the strict environmental regulations to reduce carbon emissions. Since 2017, in the US, nine cities have implemented stringent building energy codes, which include New York, St. Louis, Las Vegas, Mesa, San Antonio, Philadelphia, Phoenix, Tucson, and Reno.
Browse the full report description of "North American Active Insulation Market Size, Share & Trends Analysis Report, By Product (Building and Construction (Mineral Wool, EPS, Glass Wool, and Others), Textile (Polyester, Cotton, Nylon, and Wool)), By Application (Building and Construction (Commercial and Residential), Textile (Activewear, Sportswear, and Others)) and Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/north-american-active-insulation-market
Another five US cities that have successfully encouraged their states to adopt a highly stringent standard for buildings include Seattle, Columbus, Cincinnati, Pittsburgh, and Cleveland. Additionally, eight US cities adopted efficiency needs for current buildings include New York, Salt Lake City, Chicago, Washington, DC, Denver, San José, Minneapolis, and Reno. Implementing thermal insulation on building results in considerable energy savings and consequently fuel consumption. Additionally, buildings facing sound insulation problems can employ fibrous insulation materials include stone wool or glass wool to improve the sound insulation of the building constituents.
Scope of the North American Active Insulation Market
Market Coverage
Recent Strategic Initiatives in the North America Active Insulation Market
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
North American Active Insulation Market-Segmentation
By Product
o Mineral Wool
o Expanded Polystyrene (EPS)
o Glass Wool
o Others
o Polyester
o Cotton
o Nylon
o Wool
By Application
o Commercial
o Residential
o Activewear
o Sportswear
o Others
North American Active Insulation Market– Segment by Country