Global Building Thermal Insulation Market Information by Material (Fiber glass, Mineral Wool, PU Foam, and others) by Application (Residential, Commercial, and others) by End-use (Roof, Walls and Floors) and Region - Forecast to 2021
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Global building thermal insulation market
1. Global Building Thermal Insulation Market Challenges to Market Growth, Size,
Share, Forecast 2021
Market Research Future published a Half-Cooked research report on “Global Building Thermal Insulation
Market Research Report - Forecast to 2021”– Market Analysis, Scope, Stake, Progress, Trends and
Forecast to 2021.
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.
According to a recent study report published by the Market Research Future, The global market of
building thermal insulation is booming and expected to gain prominence over the forecast period. The
global building thermal insulation market is forecasted to demonstrate an exponential growth by 2023,
surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated
period (2016 – 2023).
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.
2. 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.
Browse Full Report @ https://www.marketresearchfuture.com/reports/building-thermal-insulation-
market-1543
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.
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.
Industry News
3. In November 2017, ROCKWOOL has acquired 180,000 square metres of land in the east of Sweden, to
construct a manufacturing facility of stone wool thermal insulation.
In September 2016, Knauf Insulation is giving contractors and builders a simple way to install complete
acoustical and thermal comfort in any wall cavity with the introduction of JetSpray Thermal Insulation
System, a high-performance, spray-on glass mineral wool.
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.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and
Rest of the World.
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
4. initiatives to reduce greenhouse gas emissions also have the positive influence on the growth of the
market.
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