05-Aug-2020 | Zion Market Research
The valuation of the global building thermal insulation market reached around USD 27.1 billion by the end of 2019. The analysts at Zion Market Research (ZMR) have predicted that the global market size would probably surge at a CAGR of around 4.95% and the value will reach close to USD 37.99 billion by2026. The rigorous construction standards set by the several governments across the globe, various norms set to curb greenhouse emissions, and the rising global demand for NZEB (Nearly Zero Energy Buildings) establishment are boosting the need for building thermal insulation. Besides this, the thriving construction sector in several countries is also impelling the demand for setting up thermal insulation in commercial as well as residential buildings.
The latest building thermal insulation market report published by ZMR illustrates the performance of some of the leading market players established at the global level. The key market players enlisted in the report are Huntsman Corporation, BASF SE, Dow Corning Corporation, Atlas Roofing Corporation, Owens Corning, Beijing New Building Material (Group) Co. Ltd., Trocellen GmbH, Knauf Insulation, Inc., Firestone Building Products Company, URSA Insulation S.A., Lapolla Industries Inc., ODE Industry and Trade Inc., KCC Corporation, Saint-Gobain S.A., Rockwool International A/S, Covestro AG, GAF Materials Corporation, Fletcher Building Limited, Recticel SA, NICHIAS Corporation, Cabot Corporation, Johns Manville Corporation, Paroc Group Oy, Kingspan Group plc, and Aspen Aerogels, Inc.
Customers Prefer Plastic Foam Over Other Material Types Owing To Its Remarkable Properties
Plastic foam is one of the material types used to set up building thermal insulation. This material segment is likely to hold a major share of the global market. Plastic foam is usually preferred for building thermal insulation owing to its exceptional properties such as long durability, higher thermal resistance, and toughness. Moreover, the material is able to perform efficiently within the temperature ranging between −200°C to +150°C.
The demand for the installation of thermal insulation in the residential building segment is rising considerably in terms of volume and value, during the projected period. The strict construction standards along with the rising demand for thermal insulators in the accommodation-based areas are significantly boosting the residential building segment for the installation of the thermal insulation market.
The global building thermal insulation market report divides the market into multiple segments on the basis of building type, material type, applications, and geography. Based on the building type, the market is segmented into non-residential buildings and residential buildings. By material type, the market is categorized into plastic foam, glass wool, and stone wool. By application, the global market is bifurcated into wall insulation, floor insulation, and roof insulation.
North America Likely To Hold The Biggest Thermal Insulation Market Share During 2019–2025
The North American region is anticipated to be at the dominating position in the building thermal insulation market during the projected period. The demand for the installation of building thermal insulation systems is driven by the objective of less power consumption in residential areas. The key factor propelling the construction of more residential and commercial buildings in the US is the growing demand for stand-alone houses.
Browse the full “Global Building Thermal Insulation Market - By Building Type (Non-Residential Building And Residential Building), By Material Type (Plastic Foam, Glass Wool, And Stone Wool), By Application (Wall Insulation, Floor Insulation, And Roof Insulation), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/building-thermal-insulation-market
The market report categorizes the global building thermal insulation market based on:
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