Insulation Market to Grow at a CAGR of 8.0% During 2014 to 2020
The global insulation market depicts the presence of a highly fragmented and competitive vendor landscape, says Transparency Market Research on the basis of a recently published report. Such a high competitive intensity is mainly due to the presence of countless businesses in this market. During the forthcoming years, most businesses are anticipated to expand their regional presence, mainly in emerging and underdeveloped economies. The competitive intensity is projected to rapidly increase in the next few years owing to numerous new players making their foray in the global insulation market on a regular basis. Most players are fiercely focusing on research and development to expand their product portfolio. Businesses are also incorporating strategies such as increasing production capacity and participating in valuable mergers, acquisitions, and collaborations. CertainTeed Corporation, Johns Manville, Atlas Roofing Corporation, Owens Corning, Huntsman International LLC, T...