Growth for thermal insulation market

A report from Transparency Market Research (TMR) predicts growth for the thermal insulation market. The market is expected to expand at a compound annual growth rate of 5.4 percent to attain a value of about $78 billion by the end of 2025. The Asia Pacific region is expected to retain its dominance over the forecast period. Growth of the industry in the region is attributable to increasing industrialization and urbanization.