Report Code: A12106 | Pages: NA | Jul 2023 | 1670 Views | ||
Author(s) : Eswara P | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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The materials that inhibit the transmission of noise, heat and electric current is insulation material. Advanced materials include gas filled panels (GFP), vacuum insulation panels (VIP) and aerogel-based products (ABP). These are used in many industries application. As compared to traditional insulation materials this have thermal insulation property and lower density and lower thickness. Many environmental agencies have started new policies for energy conservation with the usage of advanced materials. This advanced insulation materials are used in many industries such as building and construction, automotive, oil and gas, power generation and others. In spite of all the properties, there are many disadvantages of advanced insulation materials such as vulnerability toward penetration, and thermal bridges at panel edges. It cannot be cut or adapted at building site.
COVID-19 Impact analysis
Top Impacting Factor
The demand for advanced insulation material is increasing to reduce the energy consumption in the building structure. This will increase the market growth. Many agencies are implementing use of advanced insulation materials for conservation of energy. This will drive the growth of advanced insulation materials market. The increased demand from the building and construction industry will boost the advanced insulation materials market. The oil and gas industry and automotive industry is growing and increasing the demand for the advanced insulation materials. This will drive the growth of the advanced insulation materials market. However, the advanced insulation materials cannot be cut at building site. This factor can restrain the growth of advanced insulation materials market. In addition, thermal bridges at panel edges and risk of penetration can also restrain the growth of advanced insulation materials market.
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