KEY FINDINGS
The Canada building insulation market is anticipated to project a CAGR of 3.02% in terms of volume and 3.42% in terms of revenue during the forecast period, 2021-2026. The shifting trends towards greener insulation alternatives and the growing demand for high-temperature thermal insulation are the primary market growth drivers.
MARKET INSIGHTS
The construction industry output in Canada is set to grow considerably by 2023. The pandemic has hindered the construction activities, but the sector is evaluated to bounce back strongly. Also, the government's planned investments under the ‘Investing in Canada Plan’ are set to benefit the industry growth. As of 2018, the residential segment harbored the largest market share in the construction market.
Moreover, the country is recognized as one of the largest residential, infrastructure, and commercial markets. Construction and infrastructure have witnessed significant growth in the last decade, with a rising number of skyscrapers built in Vancouver, Calgary, and Toronto. Further, Infrastructure Canada oversaw 6500 projects for repairing and building thousands of kilometers of highways and expressways. The renewed activities in the manufacturing sector are facilitating the market growth.
COMPETITIVE INSIGHTS
Some of the eminent companies in the market include, Dow Chemicals, Rockwool International A/S, Paroc Group, GAF Materials Corporation, Johns Manville Corporation (Berkshire Hathaway), etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments