An energy efficiency is using technology that requires less energy to perform the same function. Using a light-emitting diode (LED) light bulb or a compact fluorescent light (CFL) bulb that requires less energy than an incandescent light bulb to produce the same amount of light is an example of energy efficiency. The demand for energy-efficient materials is expected to expand due to the growing use of energy in the building & construction industry. The government initiatives such as rebates, tax credits in various nations also promote the usage of energy-efficient materials by builders and construction firms.
MARKET SCOPE
The "Global Energy-Efficient Materials Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Energy-efficient materials market with detailed market segmentation by type, end use, and geography. The report provides key statistics on the market status of the leading Energy-efficient materials market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global energy-efficient materials market is segmented into fiberglass, mineral wool, cellulose, polyisocyanurate, extruded polystyrene, expanded polystyrene, and others.
- Based on end use, the global energy-efficient materials market is segmented into building & construction, consumer electronics, aerospace industry, chemical industry, automotive industry, food industry, paper & pulp industry, and others.
MARKET DYNAMICS
Drivers:
- Increasing disposable income.
- Increasing growth of chemical industry.
Restraints:
- Strict government regulations.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Energy-efficient materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Energy-efficient materials market in these regions.
IMPACT OF COVID-19 ON ENERGY-EFFICIENT MATERIALS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemicals & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the Energy-efficient materials market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from Energy-efficient materials market are anticipated to witness lucrative growth opportunities in the future with the rising demand for Energy-efficient materials in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Energy-efficient materials market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- PPG Industries
- AGC
- NSG
- Saint-Gobain
- Cornerstone Industrial Mineral Corporation
- Australian Perlite Pty Ltd.
- BASF
- World Minerals Inc.
- Loyal Group
- LG Chem
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.