Building Thermal Insulation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Report Code: ZMR-4196 | Report Format : | Status : Upcoming |

Abstract

Global Building Thermal Insulation Market: Overview

Thermal insulation in buildings helps in minimizing the carbon footprint as it makes use of less energy for maintaining temperature and restricts heat transfer in the atmosphere. In fact, the households that are thermally insulated are minimally affected due to the external environment. Buildings can be thermally insulated with the help of myriad materials like fiberglass, mineral wool, and foamed plastics.

Global Building Thermal Insulation Market: Growth Factors

Need for enhancing the energy efficiency and major focus on power conservation in buildings has protruded the demand for thermal insulation in commercial and residential structures. Apart from this, thermal insulation helps in minimizing the dependence on HVAC, thereby facilitating the total power usage. This, in turn, will enlarge the scope of the business in the foreseeable future. Additionally, thriving construction activities along with growing urbanization are some of the vital aspects of the building thermal insulation market surge. Moreover, codes for the building enforced by various government organizations across the globe for monitoring & controlling the power usage will further supplement the expansion of the business sphere. Nonetheless, adverse ecological effect of insulation materials will shift the focus of the manufacturers towards manufacturing of alternate & eco-friendly items during the assessment timeline. This can hamper the market growth over the ensuing years.

Global Building Thermal Insulation Market: Segmentation

The global building thermal insulation market can be segmented into material, application, and end-use. Material wise, the industry is sectored into XPS, glass wool, EPS, glass, and mineral wool. Application wise, the building thermal insulation market is classified into wall insulation, floor insulation, and roof insulation. On the basis of end-use, the building thermal insulation sector is divided into industrial, residential, and commercial sectors.

Global Building Thermal Insulation Market: Regional Analysis

Based on the region, the building thermal insulation market can be divided into five main regions: Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Europe is likely to dominate the growth of the overall building thermal insulation market over the coming years, subject to a rising in the number of real estate ventures along with escalating demand for music studios and corporate sites. Additionally, growing focus on having the smart infrastructure, evolving IoT trends, and emerging trends for green building constructions will suffice the business growth.

Moreover, the rise in the building & construction activities in North America along with stringent execution of green building codes for enhancing the energy efficiency will exalt the growth of building thermal insulation industry in the North American region. Asia Pacific market is set to exude lucrative growth in the near future, owing to increase in the number of constructions in countries such as India and China for catering to the household requirements of the increasing population.

Global Building Thermal Insulation Market: Competitive Players

Few of the main participants in building thermal insulation market are Huntsman International, Armacell, BASF Polyurethanes, Owens Corning, Saint-Gobain, Kingspan Group, Dow Building Solutions, and CertainTeed.

Global Building Thermal Insulation Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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