What about the Dispensation of Radiant Barriers and Reflective Insulation market?
Persistence Market Research (PMR) has stated that product-wise, the Radiant Barriers and Reflective Insulation Market spans radiant barriers (metalized film and pure aluminium) and reflective insulation (bubble type and foam type). End-user-wise, the market comprises residential, commercial & agriculture (commercial buildings and agriculture), industrial (manufacturing plants and storage facilities), and institutional & others.
Out of these, commercial & agriculture market holds the largest market share due to the ever-increasing demand on this count. PMR has taken every care to throw light on this fact.
The Ongoing Trend
The ongoing trend captured by PMR is that of end-users shifting towards energy saving products to ascertain green building development. This factor is bound to keep the key players constantly on toes in the forecast period and also pave the way for more research on this part. Durability is another factor looked into by the companies while manufacturing radiant barriers and reflective insulation products.
The companies are also sticking to anti-dumping duty being imposed by Council Regulation No 925/2009 on importing aluminium foil of specific thickness. PMR has unleashed these regulations.
PMR states that North America is amongst the most lucrative markets for radiant barriers and reflective insulation, mainly due to the US calling for advancements in commercial sector. It has been observed that North America’s southern part is more into radiant barriers and reflective insulation. The states include Oklahoma, Texas, Florida, and several others.
PMR has focused on the fact that Germany leads Europe as relentless efforts have been taken for reducing greenhouse gas emissions and achieve cost-effectiveness. Coming to ASEAN countries, Thailand, Singapore, Philippines, Malaysia, and Indonesia contribute for over 40% of the overall revenue. In GCC countries, UAE, Doha, Qatar, and Dubai are holding the baton. PMR has done its bit in entailing the market in these geographies.
Persistence Market Research (PMR) has profiled the key participants in the radiant barriers and reflective insulation market inclusive of FiFoil Company Inc., Dunmore Corporation, Innovative Insulation Inc., Patidar Corporation, Reflectix Inc., FOIL LAMINATE INDUSTRIES SDN BHD, Advanced Technical Laminates Manufacturing (ATLM), Covertech Flexible Packaging, and Spunchem International.
On the developments front, PMR has stated that Convertech’s rShield brand line makes way for cold chain shipping solutions as insulated bubble rollstock, insulated box liners, cold shipping bubble mailers/pouches, and insulated pallet covers. It has further stated that its rShield packaging solutions do employ double/single insulation layer that is sandwiched through foil linings to render protection against temperature of container/package contents. Radiant heat transfer helps over here.
What does the Future Hold?
The future is bound to see growing inclination of governments towards promotion of passive, energy-efficient cooling systems along with ever-increasing urbanization, especially in the developing economies. The developed economies would be witnessing steadiness in this regard, but there would be an exponentiation witnessed by emerging economies due to growing awareness regarding the significance of radiant barriers and reflective insulation. Persistence Market Research (PMR) has tabled these insights, which could be looked into.
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