The global active insulation market is expected to reach $357.8 million by 2025, according to a new report by Grand View Research.

Globally, increasing demand for insulation in building and construction has been a major factor driving growth. In addition, rising demand for activewear and sportswear for activities such as cycling, yoga, workouts and sports is also expected to enhance the industry growth.

Europe emerged as the largest regional segment accounting for 34.1 per cent of total market volume share in 2016. This can be attributed to the favourable government regulations regarding use of active insulation in building applications in the region.

Asia Pacific is anticipated to emerge as the fastest growing regional segment with a CAGR (compound annual growth rate) of 6.3 per cent over the forecast period. Product demand in the region is majorly attributed to the increasing utilisation of active insulation technology in the production of active wear and sportswear in countries like China and India.

Active wear emerged as the largest application category and accounted for 57.7 per cent of the total revenue of the textile segment in 2016. Product demand in active wear is expected to witness a comparatively high growth rate over the forecast period.

Glass wool emerged as the leading product segment in building and construction segment in 2016, growing with a CAGR of 4.7 per cent from 2017 to 2025. Being a mature market, the North America region has witnessed stable growth in most of the application segments. New construction projects and employment of energy efficiency plans is likely to initiate industry rivalry in the region. - TradeArabia News Service