The global building thermal insulation market is
anticipated to reach USD 36.9 billion by 2025, according to a new report by
Grand View Research, Inc. The demand for energy is on a rise in the developed
as well as developing countries and so is the price of energy.
Insulating
homes help in curbing up to 20% of the regular energy costs as it considerably
reduces the cooling and warming prices during summers and winters. All these
factors have propelled the demand for thermal insulation market in residential
as well as commercial buildings. Re-insulation of old houses provides a
lucrative opportunity.
Europe is
expected to account for the largest demand owing favorable government
regulations. Asia Pacific is anticipated to emerge as the fastest growing
region, and China is likely to account for a major share of the market. Other
countries in this region such as the Philippines, Indonesia are expected to
witness rapid growth in upcoming years.
The market
is mature and owing to large numbers of players it is considered to be price
sensitive. Implementation of stringent regulation poses a major challenge to
most of the market participants but this, in turn, is likely to result in high
industry rivalry.
Full
research report on building thermal insulation market analysis: http://www.grandviewresearch.com/industry-analysis/building-thermal-insulation-market
Further Key Findings from the Study Suggest:
·
Asia Pacific is expected to gain 1.0%
market share by 2025 and is anticipated to grow at highest estimated CAGR of
4.2% during the forecast period
·
Asia Pacific is characterized by high
insulation demand in residential and commercial buildings
·
Europe building thermal insulation is
expected to grow at an estimated CAGR of 3.5% from 2016 to 2025
·
EU initiatives to promote thermal
insulation as a means of energy conservation strategy are expected to support
the market growth in Europe
·
Residential construction emerged as the
largest segment with 50% of the total market demand in 2015
·
Expanded polystyrene (EPS) is projected to
grow at the highest CAGR on account of its exceptional thermal insulation
property
·
Expanded polystyrene (EPS) accounted for
29.6% of market share by volume in 2015
·
Influential companies operating in this
market include Dow Building Solutions, Owens Corning Corp., Johns Manville
Corporation, Huntsman International LLC, CertainTeed Corporation, Kingspan
Group PLC, BASF Polyurethanes, Saint-Gobain S.A., etc.
View more reports of this category by Grand
View Research at: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the
building thermal insulation market on the basis of product, application,
end-use and region:
Product
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Glass Wool
·
Mineral Wool
·
EPS
·
XPS
·
Others
Application
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Roof
·
Walls
·
Floor
End-Use
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Residential
·
Non-Residential
Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Middle East and Africa
·
Central & South America
Access press release by
Grand View Research: https://www.grandviewresearch.com/press-release/global-building-thermal-insulation-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
