Radiant barrier impede heat transfer by thermal insulation & are effective in warmer climates, light in weight & have strong heat reflection property as compared to other barriers. Reflective insulation is made up with layers of insulating foam/air bubbles, encased by a reflective surface. This unique reflective insulation combination provides high performance, suitable for all types of construction &home renovation projects.
The increase in the number of space explorations & rapid growth in real estate industry across the globe expected to boost the global radiant barrier and reflective insulation market growth. The property to avoid heat from conducting into another region promotes demand in the radiant barriers and reflective insulation market. Furthermore, the increase in demand from industrial sector in pipes, boilers, tanks, laboratories, heat shields etc., is driving the global radiant barrier and reflective insulation market growth.
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The growing importance of sustainable development & energy conservation is being posed by environmental issues & the increase in energy costs. A major portion of overall energy consumption is accounted for by the construction sector. Therefore, radiant barrier and reflective insulation have become an essential part in commercial and residential building construction as these reduce heat gain in summer & lower the cooling cost by reflecting radiant heat which expected to drive the target market growth.
Fluctuating raw material prices is projected to hamper the overall growth of the global radiant barrier and reflective insulation market growth throughout the forecast period.
The Global Radiant Barrier Reflective Insulation Market is segmented into type such as Radiant Barrier, and Reflective Insulation. Further, market is segmented into application such as Residential, Commercial, Agricultural, Industrial, and Others.
Also, the Global Radiant Barrier Reflective Insulation Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America is fastest growing region due to the increase in demand from the construction sector, especially from the commercial sector. The radiant barriers and reflective insulation is gaining popularity in the southern part of North America, including states like Florida, Texas, Oklahoma, and many others. With increase in demand from end-use industries including commercial sector China is anticipated to be a prominent market in the Asia Pacific region for radiant barriers and reflective insulation.
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Research Support Specialist
6060 N Central Expy #500, TX 75204, U.S.A