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Active Insulation market Forecast
Protective textiles that withstand extreme temperature variations present new growth opportunities, particularly in defense and outdoor apparel sectors.
WILMINGTON, DE, UNITED STATES, October 13, 2024 /EINPresswire / -- A recent report by Allied Market Research, titled“Active Insulation Market By Material (Polyester, Cotton, Wool, Nylon, Glass Wool, Expanded Polystyrene), By Application (Textile, Building and Construction): Global Opportunity Analysis and
industry Forecast, 2021-2031”, provides a comprehensive analysis of the global active insulation market. In 2021, the market was valued at $288.5 million, with projections estimating it will reach $512.8 million by 2031, growing at a compound annual growth rate (CAGR) of 5.9% between 2022 and 2031. The report offers insights into market trends, key investment areas, regional landscapes, and competitive scenarios.
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Market Drivers, Restraints, and Opportunities
- Growth Drivers: The rising demand for active insulated protective clothing, especially in mountaineering and defense, along with the increased use of active insulation in both textiles and construction, is driving market growth.
- Challenges: The high costs associated with retrofitting houses with active insulation and the risks linked to interstitial condensation are hindering the market's growth.
- Opportunities: Protective textiles that withstand extreme temperature variations present new growth opportunities, particularly in defense and outdoor apparel sectors.
Segment Analysis
- Textile Segment: Expected to register the highest CAGR of 6.2% during the forecast period, the textile segment is fueled by the need for protective, breathable, and durable thermal insulation materials in industries like mountaineering and defense.
- Building and Construction Segment: Dominating in terms of revenue in 2021, this segment accounted for two-thirds of the global active insulation market. Its continued dominance is attributed to the increasing use of active insulation for thermal protection in buildings.
Material Insights
- Polyester Segment: In 2021, polyester held the largest share of the market, contributing to over one-fourth of the global active insulation market. Its widespread use in the production of protective textiles and defense materials is expected to sustain this trend.
- Expanded Polystyrene Segment: This material is projected to experience the highest CAGR of 6.7% during the forecast period, driven by its lightweight nature, energy efficiency, chemical resistance, and cost-effectiveness.
Regional Outlook
- Europe: Holding the largest share of the global market in 2021 (over one-third), Europe's dominance is linked to the use of active insulation in defense and the production of polyester-blend textiles.
- Asia-Pacific: Expected to grow at the highest CAGR of 7.2% during the forecast period, this region's market is expanding due to increasing demand for nylon-based active insulation in outdoor activities like trekking and mountain climbing.
Key Market Players
The report highlights several key players shaping the competitive landscape of the global active insulation market. These include:
- BASF SE
- HDWool Ltd.
- Invista Textiles
- The 3M Company
- Polartec, LLC
- Polybond Insulation Private Limited
- Remmers
- Stoney Creek Limited
- Toray Industries, Inc.
- W.L. Gore and Associates
These companies are employing strategies such as product launches, expansions, and partnerships to strengthen their market presence and drive growth.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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