Global “Building Thermal Insulation Market” research report 2021 analyzed in detail all the vital data to frame tactical business judgments and propose strategic growth plans. The Building Thermal Insulation market growth is expected to register a CAGR of 4.2% during the forecast period.This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. Also report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

The global building thermal insulation market size is expected to gain traction by reaching USD 38,588.8 million by 2027 while exhibiting a CAGR of 4.2% between 2020 and 2027. This is ascribable to factors such as the rising building and construction industry, along with the growing demand to reduce energy costs across the globe. This information is published by Fortune Business Insights, in its latest report, titled“Building Thermal Insulation Market Size, Share & COVID-19 Impact Analysis, By Material (Mineral Wool {Glass Wool, Stone Wool}, Foamed Plastics {Expanded Polystyrene [EPS], Extruded Polystyrene [XPS], Polyurethane [PU], Polyisocyanurate [PIR], and Other Foamed Plastics}, Cellulose, Aerogels, and Others), By End-Use (Residential and Non-residential), By Application (Floor & Basement, Wall, and Roof & Ceiling), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 29,656.9 million in 2019.

 

Increasing Focus on Development of Healthcare Infrastructure amid COVID-19 to Favor Growth

The novel coronavirus is driving the demand for advanced healthcare services to contain its widespread globally. As a result, the government agencies are focusing on developing sophisticated healthcare infrastructures to treat COVID-19 patients, and further find solutions to limit its spread. This is likely to bode well for the market growth in the forthcoming years.

Thermal insulation is a vital technology that aids in the reduction of energy consumed by preventing heat gain/loss within a building structure. This reduction of unwanted temperature changes drastically reduces the demand for cooling and heating systems.

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List Top Companies Profiled in the Global Building Thermal Insulation Market are:

  • BASF (Germany)
  • Atlas Roofing Company (U.S.)
  • Cellofoam North America Inc. (U.S.)
  • DuPont (U.S.)
  • Knauf Insulation (U.S.)
  • Owens Corning (U.S.)
  • Armacell S.A. (Luxembourg)
  • Beijing New Building Material (Group) Co., Ltd. (China)
  • Evonik (Germany)
  • PT. Bondor Indonesia (Indonesia)
  • BYUCKSAN (South Korea)
  • Huamei Energy-saving Technology Group Co., Ltd. (China)
  • Johns Manville (U.S.)
  • Kaneka Corporation (Japan)
  • KCC Corporation (South Korea)
  • Kingspan Insulation LLC (Ireland)
  • Lloyd Insulations (India) Limited (India)
  • NICHIAS Corporation (Japan)
  • ROCKWOOL International A/S (Denmark)
  • U.P. Twiga Fiberglass Limited (India)
  • GAF (U.S.)
  • Superglass Insulation Ltd. (Scotland)
  • Recticel Group (Belgium)
  • Ursa (Spain)
  • Firestone Building Products (U.S.)

The Building Thermal Insulation research study also presents a comprehensive analysis of the market in terms of the present competitive landscape and the market scenario. It also provides information regarding the latest technologies and innovations in the market, which covers a wide range of factors that are crucial to the clients and offers actionable insights into the Building Thermal Insulation market. This intelligence study will assist the clients in gaining a higher market share and valuable insights into various segments that influencing the growth of the Building Thermal Insulation market over the globe.

 

DRIVING FACTORS

Rising Building & Construction Sector to Augment Growth

The rapid-paced urbanization has provided an impetus to building & construction activities across the globe. With several residential and commercial projects in the pipeline, it presents a significant opportunity for the adoption of advanced building thermal insulation products. Additionally, the rising energy costs are propelling the demand for insulation services that will contribute to the growth of the  global building thermal insulation market during the forecast period.

 

REGIONAL INSIGHTS

High Government Investment in Asia-Pacific to Develop Sustainable Infrastructure Projects to Propel Growth

Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global market during the forecast period. This dominance is attributable to the rising government expenditure to develop sustainable infrastructure in countries such as China, India, and Japan that propels the demand for advanced building thermal insulation products in the region. Asia Pacific stood at USD 13,806.5 Million in 2019.

The market in Europe is anticipated to experience exponential growth during the forecast period. This is ascribable to factors such as the growing demand for innovative building thermal insulation materials for the several retrofitting purposes of old and dilapidated buildings in the region between 2020 and 2027.

 

SEGMENTATION

Residential Segment to Hold Major Market Share Owing to High Energy Consumption

The residential segment, based on end-use, is expected to remain at the forefront owing to high energy consumption by residential areas that drive the demand for advanced building thermal insulation materials to reduce energy costs. As per the European Commission report on the insulation materials industry for energy-efficient buildings, residential buildings consume about 40% of primary energy demand across the globe.

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COMPETITIVE LANDSCAPE

Major Companies Investing in Facility Expansion to Boost Sales Revenue & Maintain Dominance

The global building thermal insulation market is fragmented by the presence of major companies that account for over 70% share in terms of revenue. These companies are investing in expanding their facilities to cater to the growing demand for building thermal insulation products and further maintain their dominance in the highly competitive global marketplace.

 

This Building Thermal Insulation Market Research/analysis Report Contains Answers to your following Questions

  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Building Thermal Insulation Industry?
  • What Was the Global Market Status of Building Thermal Insulation Market? What Was Capacity, Production Value, Cost and PROFIT of Building Thermal Insulation Market?
  • What Are Projections of Global Building Thermal Insulation Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about Import and Export?
  • What Is Building Thermal Insulation Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Building Thermal Insulation Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • Which Manufacturing Technology is used for Building Thermal Insulation? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Building Thermal Insulation Market? What are Their Company Profile, Their Product Information, and Contact Information?
  • What Is the Current Market Status of the Building Thermal Insulation Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Building Thermal Insulation Market by Taking Applications and Types in Consideration?
  • What Are Market Dynamics of Building Thermal Insulation Market? What Are Challenges and Opportunities?

Key Industry Development:

July 2019 – Knauf Insulation announced the expansion of its fiberglass loose-fill insulation facility located in Albion, Michigan. According to the company, the development of the plant will improve its capacity by over 30% to cater to the growing insulation demand from residential and commercial spaces across the upper Midwest, U.S.

 

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By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

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