Global Building Thermal Insulation Market Is Presumed To Touch USD 37 BN By 2025
Posted On June 12, 2019
Value Market Research has released its latest publication on Global Building Thermal Insulation Market which explores the future growth trend based on historical data and industry analysis. The Global Building Thermal Insulation Market was valued USD 28.1 BN (by revenue) in 2018 and is anticipated to reach USD 37 BN by 2025 with a CAGR of 4% from 2019 to 2025. Thermal insulation is that advanced technology that promotes the sustainable environment by reducing energy consumption in the building. The prime function of thermal insulation is to reduce the heat transfer between inside and outside of the building. The thermal insulation is basically a construction material which have low conductivity because that helps to save energy and offer protection to the occupants. These material includes floor, roof, slabs, and walls and widely used across temperate regions. In many areas, thermal insulation is mandatory for the purpose of saving energy and protecting the health of the occupants.
The rising concern over the need to conserve energy in buildings along with the rising cost of electricity has fueled the demand for insulation materials across every construction. Rising awareness regarding advanced construction materials among builders coupled with the rise in structural reform projects across the various developed region is also expected to augment the industry expansion. The advent of advanced materials such as excellent soundproof and improved thermal properties with easy installation methods and adoption of sustainable construction is further expected to foster market growth.
The market report "Global Building Thermal Insulation Market Report By Material (Wood Insulation And Plastic Foams), By Application (Wall, Roof And Floor), By End-User (Residential, Commercial And Industrial) And By Regions - Industry Trends, Size, Share, Growth, Estimation, And Forecast, 2018-2025" encompass important survey on the industry that will definitely guide in planning the appropriate marketing strategies.
The market segmentation has been done on the basis of material, application, end-user, and region. The material segment has been fragmented into wood insulation and plastic foams. Plastic foams are gaining hype in the market owing to its excellent thermal properties and long shelf-life. Also, the ability to save energy and resistance to water properties is further fueling product demand. Application has been segregated into wall, roof, and floor. Wall segment is accounted for the highest share in the market owing to the increasing application of the thermal insulation on the interior as well as exterior walls. Additionally, rising application of the product for insulation of cavity walls is also expected to boost the product demand. The end-user segment has been classified into residential, commercial, and industrial. Residential is dominating the segment owing to rapid urbanization, increasing number of nuclear families along with the growing preferences for sustainable construction. Regional segmentation covers North America, Europe, Asia-pacific, Latin America, the Middle East, and Africa. Currently, North America is dominating the overall market owing to the rising refurbishment of residential as well as commercial sectors along with the implementation of strict government rules and regulation on the usage of energy efficient construction materials.
The Report Segments Global Building Thermal Insulation Market -
Middle East & Africa
Players Profiled In The Report:
BASF Polyurethanes, CertainTeed, Dow Building Solutions, Huntsman International, Johns Manville, Kingspan Group, Owens Corning and Saint-Gobain.
Download the FREE SAMPLE of Global Building Thermal Insulation Market Research Report
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