Global building insulation market is projected to spur exponentially with a CAGR of 3.9%

01-Mar-2022 | Zion Market Research

The global building insulation market was valued at $26,170 million in 2021 and is anticipated to surpass $39,900 million by the end of 2028, with a compound annual rate of 3.9% over the forecast period. The report comprehensively analyses growth factors, opportunities, and challenges in the market during the forecast period. Additionally, the report explore the investor and stakeholder space to help turn opportunities into profitable business factors.

Thermal insulation is an advanced technology that helps lower energy usage in buildings by avoiding heat transfer via building casements. The thermal conductivity of such a product is less than 0.2 w/mk, thereby facilitating an efficient product to prevent loss of heat and energy outside the premises. These products offer shielding and auxiliary support to building frameworks like the roof.

Global Building Insulation Market

The global building insulation market is likely to grow significantly due to the growing world-class population. Rapid urbanization and industrialization are further likely to complement the growth of the market. The growing income of the people globally is raising the living standard of the people, thereby augmenting the demand for well-insulated and energy-efficient houses that also help protect against excess heat in summer and cold in winter. Insulation has also reduced noise pollution to a large extent. Such an emerging landscape will significantly enhance the importance of building insulation of premises. Also, owing to the growing cost of handymen and technicians, a large number of companies are launching affordable do-it-yourself (DIY) solutions for customers to cover a larger portion of the market. These DIY installation kits are much in demand. These DIY kits are widely available in the market in the form of sprays and panels that can be easily joined and integrated with the framework. It is likely to lower the cost for customers and at the same time encourage more people to adopt thermal insulations, thereby significantly expanding the market base. The fast proliferating building and construction sector is fostering the adoption of thermal insulation solutions globally. The carbon footprint issue is also addressed with the help of these insulation solutions, which help in lowering the heat transfer rate with the help of less energy input.

Browse the full Building Insulation Market By Material (Wool Insulation And Plastic Foams); By Application (Wall, Floor, Ceiling, And Attic); By End User (Residential And Commercial) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/building-insulation-market

The global building insulation market can be segmented into material, application, end-user, and region.

By material, the market can be segmented into plastic forms and wool insulation.

By application, the market can be segmented into attic, ceiling, floor, and wall.

By end-user, the market can be segmented into the commercial and residential sectors. The residential sector accounts for the largest share in the global building insulation market due to the growth of single-unit houses globally. The growing renovation activities are ramping up the re-insulation of old houses, thereby propelling the growth of the segment during the forecast period. The commercial segment is also likely to grow significantly during the forecast period due to the growing regulations regarding the insulation of public properties for the purpose of energy conservation.

Europe holds the largest share in the global building insulation market due to the growing awareness among people and government authorities to encourage thermal insulation activities. Furthermore, the wide availability of DIY products in the market is likely to encourage the growth of the regional market significantly.

North America is another leading region in the global market due to the presence of favorable government regulations and financial incentives regarding building insulation.

Asia Pacific is likely to grow fast in the global market due to the growing disposable income of the people in the region. Additionally, the higher rate of urbanization in the region will further complement the growth.

Some of the significant players in the global building insulation market include Knauf Insulation, Beijing New Building Material (Group) Co., Ltd., Rockwool International A/S, Paroc Group, Saint-Gobain S.A., Johns Manville, and Owens Corning.

Recent developments

  • To cite, Atlas Roofing Company launched SureSlope prefabrication tapered product in April 2021. It is ideal for roofing applications. Furthermore, these products decrease installation time and reduce job site waste.
  • Hira Industries, in February 2021, launched Aero foam NBR Lap Seal Tubes. These are effective and efficient thermal insulation solutions installed in commercial and residential complexes to offer enhanced durability, safety, and efficiency of the buildings.

Global building insulation market is segmented as follows:

By Material

  • Wool Insulation
  • Plastic Foams

By Application

  • Wall
  • Floor
  • Ceiling
  • Attic

By End User

  • Residential
  • Commercial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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