Insulating Blankets are anticipated to grow at a value CAGR of ~x% over 2019-2028. According to a study published by Insure Insights on the Insulating Blankets market is anticipated to grow in the forecast period. The key factor which is anticipated to help the industry grow include, the rise in the infrastructure growth providing the lucrative growth in the coming years. Furthermore, the government is investing more over the construction of smart cities and developing in terms of the buildings which would help the market grow in the near future.

Top Driver: Increase in investments to boost the industry

Insulating Blankets has rich demand in construction and infrastructure development, which would provide lucrative growth in the coming years. There are more number of old buildings which needs to be reconstructed before any mishappenings occur due to weak foundation and hence requires the insulating bleats for the safety propelling the market in the next few years. The government is focusing over the development of the building that cover minimum area and could accommodate more population and hence the investment in the construction sector is induced higher and would help the market boost in the coming few years.

Power to Make Crucial Contribution to Growth of Global Insulating Blankets Market

Among application segments of the global Insulating Blankets market, power industry to show significant growth in future. This attributes to the increase in the need of the electricity in both the rural, urban and other areas for commercial purposes and hence would help the market to gain maximum revenue in the forecast period. There is a steep growth in population, and hence the consumption of power has increased in the current years, consequently boosting the growth of the industry in the next few years. The chemical sector is also anticipated to help the industry grow due to the surge in demand for the safer technologies to be used in the manufacturing sector.

Rising Investments to Benefit Asia Pacific Market

Asia Pacific countries are anticipated to grow in the forecast period owing to the rise in the government investment over the infrastructure and the improvement in the regulations over the reconstruction of the old buildings. Furthermore, the surge in the disposable income coupled with the rise in the population is expected to propel the market growth in the coming years. The North American region is anticipated to gain highest growth rate due to the upcoming demand in the advanced and developed infrastructure.  The countries in the region are focusing to improve the infrastructure and focus over the smart cities which would result in the market growth in the next few years.

Players to Focus on Insulating Blankets Market

The global Insulating Blankets market is expected to stay fragmented with the increase in the number of new entrants in the coming years. YOTSUGI, Hubbell, Oberon, Magid, Sicame, Firwin, MandO Insulation, and Thermal Products

Hubbell Incorporated: In 2018, Hubbell Incorporated announced that it has completed its acquisition of Aclara Technologies LLC (“Aclara”).  The Company financed the acquisition and related transactions with net proceeds from borrowings under a new unsecured term loan facility in the aggregate principal amount of $500 million, the issuance of 3.50% Senior Notes due 2028 in the aggregate principal amount of $450 million and issuances of commercial paper.

Sicame Group: In 2019, Sicame Group, world leader in accessories and services related to the transport and distribution of electrical energy, confirms its ambitions to develop its industrial connectors and tooling division with the acquisition of the Turkish company, Şafak the acquisition will only go through after approval by the Turkish competition authorities.

Scope of the Report

By Type

• Conventional Insulation Type
• Antiskid Insulated Type
• Others

By Application

• Power Industry
• Chemical Industry
• Others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.