Building Thermal Insulation Market 2020 - Growth Factors and Regional Analysis by Top Manufacturers to 2025
Category: #headlines  By Rahul Varpe  Date: 2020-06-09
  • share
  • Twitter
  • Facebook
  • LinkedIn
Building Thermal Insulation Market 2020 - Growth Factors and Regional Analysis by Top Manufacturers to 2025

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 absorbility.

Strong demand for energy efficient buildings with rising energy consumption across the globe is expected to propel the building thermal insulation market. Increasing adoption of sustainable technologies for reducing the greenhouse gases, hot weather conditions are the key driving factors for the industry development. Rising consumer consciousness pertaining to electricity savings and reduction of carbon footprints is anticipated to propel building thermal insulation market over forecasted time period.

Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/1755       

The residential segment is expected to hold over 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 building thermal insulation market growth over the forecast timeframe.

Strict government regulations including EPB (Energy performance of buildings) which aims at providing energy performance information for buyers and tenants and making energy efficiency an integral part of padding process will fuel the industry growth. Increasing application of innovative materials with high R-Value across the commercial structures and growing technological advancements are anticipated to boost the building thermal insulation market.

Building Thermal Insulation Market Growth Drivers: --

  1. Greenhouse gas emission reduction
  2. Tough government carbon targets
  3. Increasing demand for energy requirement

Asia Pacific building thermal insulation market 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.

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/building-thermal-insulation-market

Building Thermal Insulation Market, By End-Use: -

  1. Residential
  2. Commercial
  3. Industrial

Rapid expansion of industrial sector including power, oil & gas, automotive will provide positive business outlook for building thermal insulation market. Rising necessity to control the noise in industrial plant, quarry, high-voltage equipment areas and other factories will support product demand. Increasing penetration of advanced materials with excellent soundproof & heat resistance properties will create lucrative opportunities for manufacturers. Factors such as high energy savings, ease of customization, and effective noise control will have a positive impact on the product sales.

The key strategies that are executed by the industrial players are new product launch, partnerships, Mergers& acquisitions, R&D Investments, Joint ventures. For instance, in November 2017, Atlas roofing corporation has announced a new partnership with Veterans community project. This partnership helped atlas to provide innovative products for roof and wall applications, including expanded polystyrene for villages and organizations to provide long term sustainability.

Building thermal insulation market 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.

 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Interceptor Missiles Market Growth, Opportunities, Industry Applications, Analysis and Forecast To 2026
Interceptor Missiles Market Growth, Opportunities, Industry Applications, Analysis and Forecast To 2026
By Rahul Varpe

Geopolitical instability and threat of terrorism with respect to the global economy has witnessed a marked rise over the recent years. Interceptor missiles market growth seems to be closely hinged to this global unrest. The profitability quotient of ...

Commercial Aircraft MRO Market Latest Trends, Development, Growth Analysis And Forecast by 2026
Commercial Aircraft MRO Market Latest Trends, Development, Growth Analysis And Forecast by 2026
By Rahul Varpe

Global commercial aircraft MRO market size is slated to experience dramatic growth in the forthcoming years. Rapid expansion of business in the commercial aviation sector has increased the demand for maintenance, repair, and overhaul (MRO) services. ...

Helicopter Blades Market 2019-2025 : Share Forecasts, Regional Trends & Growth drivers
Helicopter Blades Market 2019-2025 : Share Forecasts, Regional Trends & Growth drivers
By Rahul Varpe

Escalating demand for passenger and military helicopters, along with rising defense spending worldwide is anticipated to drive helicopter blades market outlook. Rotor blades are vital parts for any helicopter as they can significantly impact crucial ...