Global Building Thermal Insulation
Market - Overview
Insulation is one of the most
important, cost-effective, energy saving building materials in a home. Building
thermal insulation are materials that reduce the amount of power required to
heat or cool a house. Insulation keeps your home cooler in the summer and
warmer in the winter.
Currently, the building thermal
insulation market is spurting mainly due to the stringent regulations regarding
reduction of greenhouse gas emissions to drive the building thermal insulation
market. Moreover, increasing FDI in construction in emerging nations and
supportive government regulations and policies also fuel the growth of the
market. Governments across all regions are seen promoting and developing their
construction & infrastructure sector. The emerging nations are particularly
bringing various reforms and regulations to boost their infrastructure growth
and real-estate market. In China the central policies on housing were relaxed,
the lowest down payment ratio decreased in 2016. Cheaper down payments
encouraged more homebuyers to borrow money from banks. This in turn pushed the
construction industry, which ultimately led to the increased demand for
building thermal insulation. However, lack of awareness among the consumers is
the factor that may hinder the market growth of the market.
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Global Key Players:
Ø Knauf
Insulation
Ø Rockwool
International A/S
Ø Johns
Manville Inc.
Ø Atlas
Roofing Corporation
Ø BASF SE
Ø Owens
Corning Corporation
Ø Certain
Teed Corporation
Ø Dow
Building solutions
Ø Paroc
Group
Ø Huntsman
International LLC
Ø Saint-Gobain
Group
Ø Johns
Manville Inc.
Ø Knauf
Insulation GmbH
Ø GAF
Material Corporation
Ø Beijing
New Building Material Co. Ltd.
Ø Kingspan
Group Plc.
Building Thermal Insulation Global
Market - Competitive Analysis
Characterized by the presence of
several well-established and small players, the global Market of building
thermal insulation appears to be highly competitive. Well established players
incorporate acquisition, collaboration, partnership, expansion, and product
launch in order to gain competitive advantage in this market and to maintain
their market position. These key players compete based upon pricing, and
services. Vendors operating in the market strive to deliver the best quality
products and services based on innovative technologies, and best practices.
These Key Players make a substantial investment for R&D and to secure a
guaranteed resource for the customers. Building Thermal Insulation market
demonstrates a high growth potential which is likely to attract many entrants
to the market resulting in to intensified competition further.
Building Thermal
Insulation Market - Segmentation
Global Building Thermal Insulation
Market is segmented in to three key dynamics for an easy grasp and enhanced
understanding.
Segmentation:
On the basis of material,
global building thermal insulation market is segmented into Fiber
glass, Mineral Wool, PU Foam, and others. Plastic foam dominates the material
segment of the market. Factors such as higher thermal resistance (R-Value),
versatility, strength, and life span driving the demand of the material. The
glass wool segment is expected to witness the highest growth during the
forecast period. Lightweight, non-combustible, high tear strength, and
corrosion-resistant properties drive the demand for glass wool material.
Additionally, increasing usage in masonry cavity walls, timber frame walls,
roof rafter, flat roofs, loft, and suspended floor insulations also increase
the material demand.
Based on application,
global building thermal insulation market is segmented into
Residential, Commercial, and others. Residential sector dominated the
application segment of the market. Increasing housing sector in countries such
as the US, India, and China, and the growing awareness regarding energy
efficient buildings and rising cost of energy also drive the demand for thermal
insulation in residential buildings. Commercial segment is estimated to be the
fastest growing application during the forecast period.
On the basis of end use, global building
thermal insulation market is segmented into Roof, Walls and
Floors. Walls dominates the end use segment of the market. Roof is the second
largest application segment. A roof is the most prominent source of heat
penetration from direct sunrays and thus needs proper isolation to maintain
optimal temperatures.
Global Building Thermal Insulation
Market - Regional Analysis
North America region dominates the
global building thermal insulation market. Increasing demand for residential
housing and increased government support in the form of rebate and other tax
benefits to the construction companies driving the growth of the market in the
region. Europe is other major region for the market. Building safety codes in
countries such as U.K., Germany, and France driving the demand of the market in
the region.
The Asia-Pacific region is expected to
be the fastest growing region for the building thermal insulation. Increase in
industrialization, rising urbanized population, and growth in spending capacity
are the factors driving the growth of the market in Asia-Pacific region.
Additionally, energy conservation initiatives to reduce greenhouse gas
emissions also have the positive influence on the growth of the market.
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