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Asia-Pacific Foam Insulation Market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2024

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Asia-Pacific Foam Insulation Market is expected to reach USD 12,515.21 million by 2024 from USD 7,374.44 million in 2016, at a CAGR of 7.0% in the forecast period 2017 to 2024. The major factors driving the growth of this market are increasing demand for energy-efficient equipment.
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Asia-Pacific Foam Insulation Market is expected to reach USD 12,515.21 million by 2024 from USD 7,374.44 million in 2016, at a CAGR of 7.0% in the forecast period 2017 to 2024.

The major factors driving the growth of this market are increasing demand for energy-efficient equipment. The foam insulation market in the Asia-Pacific region is leading in China.

The key market players for Asia-Pacific Foam Insulation Market are listed below:

BASF SE

SAINT-GOBAIN

Covestro AG

The Dow Chemical Company

The market is further segmented into:

product type

End-user

Geography

The Asia-Pacific Foam Insulation market is segmented on the basis of product type, and industry. Based on product type, the Asia-Pacific Foam Insulation market is segmented into instruments, and consumables. X-ray inspection devices are sub segmented on the basis of automation into manual X-ray devices, and fully automated X-ray devices. X-ray inspection devices are sub segmented on the basis of technology into microfocus, minifocus, and nanofocus. Consumables are sub segmented into X-ray tubes, X-ray detectors, and others. In 2017, instruments is expected to dominate the Asia-Pacific Foam Insulation market with 70.5% market share and is expected to reach USD 164.90 million by 2024, with the highest CAGR of 7.6% in the forecast period 2017 to 2024.

The Asia-Pacific Foam Insulation market is segmented based on industry into segments; automotive, aerospace, semiconductors, electronics, Li-battery, academia and R&D, and others. In 2017, aerospace segment is expected to dominate the Asia-Pacific Foam Insulation market with 33.8% market share and is expected to reach USD 77.59 million by 2024, with a CAGR of 7.2% in the forecast period 2017 to 2024. However, automotive is expected to grow at the highest CAGR of 8.0% in the forecast period, and is expected to reach USD 65.88 million in 2024 from USD 35.70 million in 2016.

Based on geography, the Asia-Pacific Foam Insulation market is segmented into geographical regions, such as,

China,

Japan,

India,

South Korea,

Australia,

Thailand,

Malaysia,

Singapore,

Indonesia,

Philippines

Rest of Asia-Pacific

Covered in this report

The report covers the present scenario and the growth prospects of the Asia-Pacific Foam Insulation market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.

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