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According to the report by GMI, the building thermal insulation market from residential application segment is slated hold more than 56% market share up to 2025. Increasing purchase power of customers along with their awareness to minimize the carbon footprints and energy savings are playing a major role in adoption of thermal padding products in the residential segment. Continuous focus on preventing the heat flow from one side of insulation to another side in buildings and small houses is propelling the demand of the thermal padding products. Improvements in building, delivering of good level thermal padding will positively influence market growth over the forecast timeframe.Asia Pacific is anticipated to witness significant growth at over 6% in terms of revenue up to 2025, owing to the rapid expansion of construction & industrial sector. The rising demand for renovation of shopping malls, convenience stores and groceries shop have attributed to the increasing demand of building thermal padding products. Industry players are continuously investing in R&D to develop extruded polystyrene padding for wall furring, cavity wall which enhances the product segment in the commercial segment.
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Some of the Building Thermal Insulation Market Growth Drivers:
1 Greenhouse gas emission reduction
2 Tough government carbon targets
3 Increasing demand for energy requirement
Europe leads the building thermal insulation market accounting for over 45% of the industry share in 2018. Rising awareness of green construction, smart infrastructure, and IoT would drive the industry in Europe. Rapid increase in the renovation and retrofitting activities in the Western Europe will proliferate the demand from the residential sector. Moreover, the Energy Performance of Buildings Directive in Europe has set a minimum performance standard for new construction and major renovation in the structures for the installation of such shielding materials.
Shifting focus towards energy conservation, improved management of natural resources will propel the building thermal insulation market growth. Strong applications scope for reducing the fuel utilization, improving the energy consumption of the buildings while offering a conformable environment will positively influence the industry development. Rising consumer spending on the separate/private residence due to changing lifestyles towards nuclear families will drive product scope.
Browse key industry insights spread across 500 pages with 553 market data tables & 36 charts & figures from the report, “Global Building Thermal Insulation Market Size By Material (Open Cell Materials/Wool Insulation [Glass Wool, Stone Wool], Closed Cell Materials/Plastic Foams [Expanded Polystyrene, Extruded Polystyrene, Polyurethanes]), By Application (Wall Insulation [Internal Wall, External Wall, Air Cavity Wall], Roof Insulation [Flat Roof, Pitch Roof], Floor Insulation), By End Use (Residential, Commercial, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, South Korea, Malaysia, Indonesia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, Qatar, Kuwait, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/building-thermal-insulation-market
The global building thermal insulation market is dominated by wool materials including glass wool & stone wool accounting for around 50% volume share in 2018. Positive applications outlook owing to high thermal conductivity and compression strength will drive product sales. The stone wool and glass wool are nonflammable in nature and are widely used as insulating material across industrial and commercial sectors. Additionally, they possess excellent resistant characteristics along with higher abusability.
Roof segment will witness CAGR at over 4.5% up to 2025. Favorable government policies and schemes in terms of subsidies and tax benefits will steer the demand for the product in roof application.
Building thermal insulation market share is immensely competitive due to existence of strong industrial players like owens corning corporation, Cellofoam North America, Atlas roofing corporation, Paroc Group. The other significant market players include BASF, Guardian, Huntsman, Johns Manville and Rockwell International A/S. The key strategies that are executed by the industrial players are new product launch, partnerships, Mergers& acquisitions, R&D Investments, Joint ventures.
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Building Thermal Insulation market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million square meters & revenue in USD Million from 2013 to 2025, for the following segments:
Building Thermal Insulation Market, By Material
o Open cell materials/Wool insulation
o Glass wool
o Stone wool
o Others (cellulose & aerogel)
o Closed cell materials/Plastic foams
• Expanded polystyrene
• Extruded polystyrene
• Polyurethanes
• Others (phenolic foams & polyisocyanurate insulation)
Building Thermal Insulation Market, By Application
o Wall insulation
• Internal wall
• External wall
• Air cavity wall
o Roof insulation
• Flat roof
• Pitch roof
o Floor
Building Thermal Insulation Market, By End-Use
o Residential
o Commercial
o Industrial
The above information is provided on a regional and country basis for the following:
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Poland
• Russia
• Asia Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Indonesia
• Thailand
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE
• Qatar
• Kuwait
• South Africa
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Organization: Global Market Insights, Inc.
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Website: https://www.gminsights.com/pressrelease/building-thermal-insulation-market
Release ID: 88889989
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