Stratview Research publishes a new report titled Building Thermal Insulation Market which is segmented by Material Type (Stone Wool, Glass Wool, Plastic Foam (Polystyrene and PUR PIR), and Others), by Application Type (Roof Insulation (Flat Roof Itched Room), Wall Insulation (External Wall Insulation, Internal Wall Insulation, and Cavity Wall Insulation), and Floor Insulation), by Building Type (Residential Building, Non-residential Building), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Insights
The building thermal insulation market is estimated at USD 28.06 billion in 2022 and is likely to grow at a CAGR of 4.72% during 2022-2028 to reach USD 37.01 billion in 2028.
The prime factors that are driving the building thermal insulation market are the expanding global construction industry and the increasing demand from the automotive industry.
What is building thermal insulation?
Building thermal insulation is used to minimize the amount of energy required to heat or cool a building. Building thermal insulation can be categorized based on material type into glass wool, stone wool, plastic foam, and others. On the basis of application type, it can be categorized into roof insulation, wall insulation, and floor insulation. It is widely used in both residential and non-residential buildings.
Global Building Thermal Insulation Market Report Segments:
Based on the material type, the market is segmented as stone wool, glass wool, plastic foam, and others. The plastic foam segment dominated the market in 2021 and is expected to maintain its position during the forecast period. Higher thermal resistance (R-Value), versatility, strength, and lifespan are some of the major features leading to the dominance of the segment in the global market.
Based on the application type, the market is segmented into roof insulation, wall insulation, and floor insulation. The wall insulation segment held the largest share of the market in 2021 and is expected to witness healthy growth during the forecast period. Rising demand for energy-efficient buildings along with maximum loss of energy through building walls is the major factor behind the dominance of the wall insulation segment.
Based on the building type, the building thermal insulation market is segmented into residential buildings and non-residential buildings. The residential building segment holds the larger share of the market and is also expected to witness healthier growth during the forecast period. Revival of the construction industry from subprime crises and euro-debt crises along with significant economic development in the Asia-Pacific region are the major factors driving the growth of residential buildings.
In terms of regions, North America is estimated to be the largest market for building thermal insulation during the forecast period. Significant demand from various end-use industries and the presence of major players in the region are the key factors behind the dominance of the region in the global building thermal insulation market. Asia-Pacific is expected to witness the highest growth during the forecast period. China, Japan, South Korea, and India are the driving forces of the region’s market.
Why is this report beneficial?
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
It also offers –
- Market Overview
- Key Manufacturers Profiles
- Market Analysis by Region
- Market Segment by Type
- Market Segment by Application
- Raw Material and Supply Chain
- Other Key Research Findings
All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.
Key players active in the market –
The following are some of the key players in the Building Thermal Insulation Market:
- Johns Manville Corporation,
- Saint-Gobain S.A.,
- BASF SE,
- Kingspan Group plc,
- Knauf Insulation, Inc.,
- Owens Corning,
- Huntsman Corporation,
- Rockwool International A/S,
- Firestone Building Products Company,
- Cabot Corporation,
- Dow Chemical Company,
- Covestro AG,
- URSA Insulation, S.A.,
- Paroc Group Oy,
- Atlas Roofing Corporation,
- GAF Materials Corporation,
- Lapolla Industries, Inc.,
- Beijing New Building Material (Group) Co., Ltd.,
- NICHIAS Corporation,
- Fletcher Building Limited,
- ODE Industry and Trade Inc.,
- Aspen Aerogels, Inc.,
- Trocellen GmbH,
- Recticel SA,
- KCC Corporation.
Customization of the report –
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