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.
Browse the full report description of "Indian Active Insulation Market Size, Share & Trends Analysis Report, By Product (Building and Construction (Mineral Wool, EPS, Glass Wool, and Others), Textile (Polyester, Cotton, Nylon, and Wool)), By Application (Building and Construction (Commercial and Residential), Textile (Activewear, Sportswear, and Others)) and Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/indian-active-insulation-market
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.
Scope of the Indian Active Insulation Market
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
Indian Active Insulation Market-Segmentation
By Product
o Mineral Wool
o Expanded Polystyrene (EPS)
o Glass Wool
o Others
o Polyester
o Cotton
o Nylon
o Wool
By Application
o Commercial
o Residential
o Activewear
o Sportswear
o Others
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