The expansion of smart city projects is expected to provide a lucrative growth opportunity for the thermal insulation materials market. Increasing infrastructure development initiatives in both developing and developed economies are expected to boost demand for Thermal Insulation Materials Market. In addition, the growing number of energy-efficient buildings in the developed world is accelerating market growth. Growing investment in the Asian region, particularly in Japan and China, by key players in the Thermal insulation material market is expected to drive thermal insulation material growth over the forecast timeframe. For example, it began a new production line in China in 2015 for Duranol polycarbonatediol (PCD), which is used to make high-performance polyurethanes. As a result, such investment is expected to drive market growth.
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