Indian active insulation market is estimated to grow at a CAGR of 7.0% during the forecast period. The increasing trend towards smart city projects is expected to offer an opportunity for market growth. The total investment in the Indian Smart Cities Mission is expected to be more than $27 billion through 5,151 projects. This, in turn, will increase the demand for advanced materials and smart technologies to reduce energy consumption, minimize carbon footprint, and increase the comfort of living. Insulation reduces the heat exchange through several surfaces in a building such as roof, walls, ducts, and more. Properly insulated building leads to less cool air escapes during the summer and less warm air escapes during the winter, thereby minimizing the amount of energy required for cooling and heating. As a result, insulation is considered one of the most feasible and cost-effective techniques to increase the energy efficiency of buildings. A key focus on smart cities involves safety, energy efficiency, and sustainability. Insulation has a crucial role in achieving the goal of building sustainable buildings. Therefore, the increasing shift towards smart cities is expected to fuel market growth.

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Other potential factors driving market growth include the expansion of commercial and residential construction. The demand for residential construction has increased owing to the rising household income and urbanization in India. Under the Housing for All scheme, 20 million houses will be built in urban areas and 40 million in rural areas by 2022. This is expected to offer an opportunity for advanced construction materials including active insulation materials to reduce environmental pollution and increase energy savings.

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Scope of the Indian Active Insulation Market

Market Coverage

• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Product and Application
• Competitive Landscape- Armacell International S.A., Knauf Gips AG, Owens Corning, Saint-Gobain Group, and Rockwool International A/S

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Indian Active Insulation Market-Segmentation

By Product

• Building and Construction
• Textile

By Application

• Building and Construction
• Textile

Company Profiles

• Armacell International S.A.
• Imerys Group
• Knauf Gips KG
• Minwool Rock Fibres Ltd.
• Neo Thermal Insulation (India) Pvt. Ltd.
• Owens Corning
• Polybond Insulation Pvt Ltd.
• Rockwool International A/S
• Saint-Gobain Group
• Sintex Plastics Technology Ltd.
• Thermocare Rock Wool India Pvt Ltd.

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