HIGH PERFORMANCE INSULATION MATERIALS MARKET ANALYSIS

Market News

Key Developments

1. Key companies in the market are involved in various growth strategies such as partnership and agreement, in order to enhance their market presence. For instance, in April 2019, BASF SE, a Germany-based chemical company, and Aspen Aerogels, Inc. expanded their partnership by signing an addendum for the exclusive supply of non-combustible, high performance thermal insulation product.
2. Major companies in the global market are focused on various business strategies such as business expansion, in order to gain competitive edge in the market. For instance, in June 2018, Unifrax Corporation, a manufacturer of high-performance fiber for fire insulation, expanded its facility in Tonawanda, U.S.
3. Key players in the market are involved in various business strategies such as marketing and advertisement, in order to gain competitive edge in the market. For instance, in January 2019, BASF SE, presented its high-performance insulation products SLENTEX and SLENTITE at BAU 2019, held at Munich, Germany.