Global Active Insulation Market to Reach $545.4 Million by 2030
The global market for Active Insulation estimated at US$339.9 Million in the year 2023, is expected to reach US$545.4 Million by 2030, growing at a CAGR of 7% over the period 2023-2030. Building & Construction Application, one of the segments analyzed in the report, is expected to record 6.8% CAGR and reach US$425.2 Million by the end of the analysis period. Growth in the Textiles Application segment is estimated at 7.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $88.6 Million, While China is Forecast to Grow at 10.6% CAGR
The Active Insulation market in the U.S. is estimated at US$88.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$131.7 Million by the year 2030 trailing a CAGR of 10.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.
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