Commercial Insulation Market size– Key Players, Trends, Consumption, Demand - Analysis to 2027
Market Highlights As per the MRFR analysis, the global Commercial Insulation market is exhibiting a significant growth and is anticipated to retain this growth through the forecast period, to reach USD 2,708.1 million by 2024. The market growth is attributed to increasing demand from building & construction industry for various applications, such as institutions, hospitals, office buildings, malls, airports, food & beverage, residential buildings, general commercial buildings, warehouses, and others. Office buildings is the major application for accounting major share and general commercial buildings is the fastest growing application in the overall commercial insulation consumption. In addition to this, the global market is driven by the increasing installation of insulation material in commercial applications to reduce energy cost. Owing to such factors, the global market is anticipated to witness significant growth at a CAGR of 5.71% through the forecast period. Segmen...