Global Building Thermal Insulation Materials Market, By Material Type (Stone Wool, Glass Wool, Plastic Foam, Others), Building Type (Residential Building, Non-Residential Building), Application (Roof Insulation, Wall Insulation, Floor Insulation), Temperature Range (-160°C to -50°C, -49°C to 0°C, -1°C to 100°C and 101°C to 650°C), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Building Thermal Insulation Materials Market
The building thermal insulation materials market is expected to witness market growth at a rate of 4.31% in the forecast period of 2021 to 2028. Data Bridge Market Research report on building thermal insulation materials market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing reduction of greenhouse gas emission is escalating the growth of building thermal insulation materials market.
Thermal insulation refers to a technique utilized for reducing the heat transfer between adjacent environments and maintaining an ambient temperature indoors. The technique is extensively used in offering insulation where the heat is mainly reflected back and not absorbed into the particular material. Thermal isolation materials assist in the reduction of accumulation of heat within the buildings which results in lower dependence on air conditioning and also help in cutting down the energy costs.
The increase in the residential and commercial application of the product for reducing the overall energy costs and the growing awareness about energy conservation act as the major factors driving the growth of building thermal insulation materials market. The implementation of favorable regulations, increasing emphasis on lowering the overall energy consumption and the use of thermal insulation for reducing the dependency on heat, ventilation and air conditioning (HVAC) and therefore lowering the overall energy consumption accelerate the building thermal insulation materials market growth. The increase in Weatherization Assistance Program (WAP) focusing on large scale product adoption in low-income households and establishment of energy certification agencies further influence the building thermal insulation materials market. Additionally, development of green buildings, presence of stringent building energy codes, rebates and tax credits and reduction in energy consumption and its related cost positively affect the building thermal insulation materials market. Furthermore, high energy requirements across the globe extend profitable opportunities to the building thermal insulation materials market players in the forecast period of 2021 to 2028.
On the other hand, availability of green insulation material is expected to obstruct the building thermal insulation materials market growth. Lack of awareness is projected to challenge the building thermal insulation materials market in the forecast period of 2021-2028.
This building thermal insulation materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on building thermal insulation materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Building Thermal Insulation Materials Market Scope and Market Size
The building thermal insulation materials market is segmented on the basis of material type, building type, application and temperature range. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material type, the building thermal insulation materials market is segmented into stone wool, glass wool, plastic foam and others.
- On the basis of building type, the building thermal insulation materials market is segmented into residential building and non-residential building.
- On the basis of application, the building thermal insulation materials market is segmented into roof insulation, wall insulation and floor insulation.
- On the basis of temperature range, the building thermal insulation materials market is segmented into 160°C to -50°C, -49°C to 0°C, -1°C to 100°C and 101°C to 650°C.
Global Building Thermal Insulation Materials Market Country Level Analysis
The building thermal insulation materials market t is analyzed and market size, volume information is provided by country, material type, building type, application and temperature range as referenced above.
The countries covered in the globally building thermal insulation materials market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the building thermal insulation materials market because of the initiatives by registration, evaluation, authorization and restriction of chemicals (REACH) and European Commission for promoting thermal insulation as a means of energy conservation. Asia-Pacific is expected to witness the highest growth during the forecast period of 2021 to 2028 because of the growing population, various government initiatives to improve its public infrastructure and economic growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Building Thermal Insulation Materials Market Share Analysis
The building thermal insulation materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to building thermal insulation materials market.
The major players covered in the building thermal insulation materials market report are BASF SE, Saint-Gobain, Owens Corning, DuPont, Dow, Kingspan Group, Johns Manville Corp, ROCKWOOL International A/S, Paroc Group, GAF, Beijing New Building Material (Group) Co., Ltd, Knauf Insulation., Inc., PPG Industries Ohio, Inc., Owens Corning, BYSTRONIC GLASS, Technoform, Nippon Sheet Glass Co., Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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