The Global Insulation Cork Board Market size is projected to grow at a CAGR of 4.5% during the forecast period, to be worth USD X.X billion in 2028 from an estimated USD 1.3 billion in 2021, and will continue to witness growth over the coming years. The different types of insulation cork boards that are available for use include wall, roofing, and floor insulation boards all of which have their own applications depending on where they are installed such as homes or offices.
Insulation cork board is a material that has the property of insulation. It can be used in various products such as walls, roofs, or floors to provide thermal comfort. Cork boards are made by compressing layers of cork sheets with an adhesive binder between each layer and then rolling it up into large rolls which are cut according to the customer dimension. Cork board is a lightweight, highly efficient thermal insulator with an R-value up to 0.75 per inch of thickness which can be used in various applications such as home insulation purposes or construction materials, etc.
On the basis of Type, the global insulation cork board market is segmented into wall, roof & floor.
Wall type insulation cork board is a panel that is used to insulate the walls of a building. It comprises an inflexible layer of corkboard that is sandwiched between two rigid panels made from materials such as fiberglass, mineral wool, or polystyrene. Wall-type insulation cork boards are available in different thicknesses. Insulation cork board is one of the most popular wall insulation materials as it has a wide range of applications that includes bathrooms, bedrooms, and kitchens. Cork panels are widely preferred because they provide thermal insulation by absorbing heat from warm rooms and preventing heat loss to cold outdoor surroundings during winter or vice versa in summer.
Insulation cork board is a fireproof material that can be used as roof and floor type insulation. It provides thermal insulation which reduces heat loss in buildings during winter months, keeping them warm. Furthermore, it also helps to keep the building cool during summer by decreasing heat gain from outside sources such as sun rays or other radiations inside the building. The major feature of this product includes high thermal conductivity, water resistance, fireproofing, etc.
On the basis of Application, the global insulation cork board market is segmented into home and office applications.
On the basis of Region, the global insulation cork board market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific is expected to hold the largest market share of around 40% by 2028. Insulation cork board is used in homes, offices, and other buildings across Latin America. The market in Latin America is expected to grow at a CAGR of around 13%. The growth in the market can be attributed to the increasing demand from residential and commercial sectors. Europe is the largest market for an insulation cork board, accounting for more than 35% of the global demand in 2018. The market is expected to grow at a CAGR of over 11% during the forecast period. Growth in the construction sector and an increase in awareness about energy-efficient buildings are some of the key factors driving the growth of this market. The market for insulation cork board in the Middle East & Africa is expected to grow at a high rate during the forecast period. The growth of this region can be attributed to an increase in construction activities, a rise in disposable income and affordable housing projects, its potential demand from the construction sector, etc.
The insulation cork board market is growing due to the rise in awareness about energy efficiency through building design and construction. The use of advanced insulation technologies can reduce heat loss or gain, which helps reduce heating and cooling costs for buildings. This factor has led to increased demand for insulation materials such as cork boards globally. Furthermore, the growth of construction and renovation activities in developed economies is also contributing to the expansion of the insulation cork board market.
Up Market Research published a new report titled “Insulation Cork Board Market research report which is segmented by Types (Wall, Roofs, Floor), By Applications (Home, Office), By Players/Companies Amorim, Maryland Cork, WE Cork, Ty-Mawr Lime, Isocor, Ecore, Molinas, Jelinek Cork, Divine Cork”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Insulation Cork Board Market Research Report |
By Type | Wall, Roofs, Floor |
By Application | Home, Office |
By Companies | Amorim, Maryland Cork, WE Cork, Ty-Mawr Lime, Isocor, Ecore, Molinas, Jelinek Cork, Divine Cork |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 240 |
Number of Tables & Figures | 168 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Wall, Roofs, Floor and By Application Home, Office.
Some of the companies that are profiled in this report are:
Insulation Cork Board Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Insulation Cork Board Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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