According to the global insulation market report by IMARC Group, the global insulation market is expected to grow at a CAGR of around 6.5% during 2019-2024.

Global Insulation Market Trends

Due to rapid urbanization and increasing global population, there is a rise in construction activities, especially in emerging economies, which in turn is driving the insulation market across the globe. Moreover, glass wool, polystyrene and polyurethane foam are widely utilized as insulating materials in the food and beverage (F&B) industry for controlling temperature and protecting food products from contamination. Apart from this, owing to their low thermal conductivity and non-corrosive, non-toxic and non-flammable properties, they are employed in the oil and gas, automotive and chemical industries across the globe. These applications are anticipated to strengthen the market growth in the coming years.

Source: http://marketsandresearch.over-blog.com/2020/01/global-insulation-market-to-witness-6.5-cagr-until-2024.html