Industry Background:
Insulation is any object that is used to stop the passage of electricity, heat, or sound from one conductor to another. It is an essential part of healthcare building facilities to maximize energy efficiency, reduce noise, and improve indoor air quality. In today’s time, due to the rise in healthcare construction activities, evidence-based design is influencing decisions throughout architecture, engineering, and construction. Proper insulation leads to positive patient outcomes such as shorter hospital stays and improved morale due to environmental design factors and isolated medication prep rooms.This growth is primarily driven by Increasing Demand of Insulation to Reduce Noise, Carbon Emission, and Improve Indoor Air Quality.
Globally, a noticeable market trend is evident Increased Demand of High-performing and Water-resistant Insulation Due to Growing Popularity of Green Roof. Major Manufacturers, such as Saint-Gobain (France), Knauf (Germany), Kingspan Group (Ireland), USG (United States), Bradford Insulation (Australia), Armacell (Luxembourg), Gerflor SAS (France), Lloyd Insulations (India), Aerofoam (India) and Callan Insulation (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2019, Knauf acquired USG to boost the size of its North American business operations. Knauf and USG both manufacture ceiling products and Knauf integrated its North American insulation division with USG's drywall, ceiling, flooring, roofing, and sheathing product businesses. With this acquisition, Knauf will significantly strengthen its competitive position in the world drywall and building plaster industry.
In June 2020, CertainTeed, a leading North American brand of building materials launched Ecophon Hygiene Advance with acoustic control for healthcare environments. Ecophon Hygiene Advance Wall panels are impervious to water and stain resistant, which has been specifically designed for daily disinfecting with chemical compatibility including formalin, ammonia, hydrogen peroxide, isopropanol, sodium hypochlorite, etc. Like other CertainTeed panels, Ecophon Hygiene Advance Wall is subjected to ASTM wash cycle testing protocol, to ensure durability and longevity at over 2000+ cycles.
Market Drivers
- Increasing Demand of Insulation to Reduce Noise, Carbon Emission, and Improve Indoor Air Quality
Market Trend
- Increased Demand of High-performing and Water-resistant Insulation Due to Growing Popularity of Green Roof
Restraints
- High-Cost Associated With Installation of Insulation May Hamper the Growth
Opportunities
Increased Adoption of Insulation in Hospitals to Improve Energy Efficiency and Provide Healthy Environment
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Insulation Healthcare and Hospitals Study Sheds Light on
The Insulation Healthcare and Hospitals Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Insulation Healthcare and Hospitals industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Insulation Healthcare and Hospitals industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.