Market Insights
According to Market Research
Future Reports, the global building thermal insulation market is set to
proliferate at a higher CAGR from 2016 to 2025.
Thermal insulation is referred to
as a method which helps in reducing heat transfer between adjacent environments
and maintains an ambient temperature indoors. Building thermal insulation in
buildings contributes to reduce the carbon footprint as well as maintain the
temperature and confines the heat to the external environment. Eventually,
thermally insulated homes and buildings are less affected by external
environmental temperature. By having such immense properties, the global
building thermal insulation market is on the verge of expansion at a higher
CAGR during the forecast period.
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Drivers & Trends
The Global Building Thermal
Insulation Market is driven by factors such as the increasing costs of energy
and raising awareness concerning energy conservation. These are some of the key
factors that are escalating the building thermal insulation market size phenomenally.
Various government bodies, across the globe, are trying to initiate regulations
and policies in support of the demand for insulation in commercial buildings,
which eventually are expected to drive growth in the building thermal
insulation market.
More factors regarding the
proliferation of the building thermal insulation market are high energy saving,
reduced carbon footprints, and easy product availability is the key one that is
continually fueling building thermal insulation market. By the help of heat
insulation in buildings, heat loss occurs in building through the walls, roofs,
and floors with accounting for more than 70 percent. More benefits such as room
temperature maintenance at minimum possible energy consumption, thus increasing
product penetration will stimulate the global building thermal insulation
market in positive ways.
On the other hand, increasing
concerns related to the environment are also expected to prove to be a key
opportunity for the growth of building thermal insulation market during the
forecast period. Apart from this, some variations in color, texture, surface
finish, etc., in thermal insulation materials also vary in performance. Even
though the specification of material is mostly dependent upon the nature of the
application, it is essential for manufacturers and contractors to study the
external factors which are likely to influence the final installation decision.
This importance is making the market to expand at an exponential rate,
especially in the developed regions.
Key Players
·
Knauf Insulation
·
Rockwool International A/S
·
Johns Manville Inc.
·
Atlas Roofing Corporation
·
BASF SE
·
Owens Corning Corporation
·
Certain Teed Corporation
·
Dow Building solutions
·
Paroc Group
·
Huntsman International LLC
·
Saint-Gobain Group
·
Johns Manville Inc.
·
Knauf Insulation GmbH
·
GAF Material Corporation
·
Beijing New Building Material Co. Ltd.
·
Kingspan Group Plc
Market Segmentation:
In the reports of Market Research
Future Reports, the Global
Building Thermal Insulation Market has been segmented based on
material, application, end-use, and region.
By the mode of material, the
market is segmented as fiberglass, mineral wool, PU Foam, and others.
By the mode of application, the
market is segmented as residential, commercial, and others.
By the mode of end-use, the
market is segmented as roofs, walls, and floors.
Regional Outlook:
On the geographical note, the
global building thermal insulation has covered the main regions of North
America, Europe, APAC, and Rest of the World.
Among all, North America is
expected to proliferate rapidly by 2021 for building thermal insulation market
where the share is attributed to the increased government support in the form
of rebate and other tax benefits to the construction companies.
However, the Asia Pacific region
is a growing market for global building thermal insulation with its
fast-growing market over the forecast period. This region is expected to
display rapid economic and infrastructural growth owing to many investments in
countries such as China and India. Hence the construction sector is growing.
The influx of foreign investment in India is also augmenting the market for
building thermal insulation market and will do in the years to come.
Access
Full Building Thermal Insulation Market Research Report at: https://www.marketresearchfuture.com/reports/building-thermal-insulation-market-1543
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