Global Building thermal insulation market is anticipated to depict a CAGR of 5.3% through 2026, having recorded a valuation of USD 27.87 billion in 2019. By 2026, the market is expected to hit a remuneration of USD 31 billion.

Collective emissions of about 50 billion tons of carbon dioxide almost every year, which is nearly 76% of the toxic gas emission worldwide, have compelled various governments to introduce strict norms and policies pertaining to significant reduction in these emission levels. Undeniably, this has offered a potential boost to the emergence of building thermal insulation concept. It has been predicted that global building thermal insulation market is set to produce tremendous gains over the span of 2020 to 2026, while accounting for a revenue share of USD 31 billion by the end of the duration.

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As per numerous studies and reports, building thermal insulation provides a high level of energy efficiency compared to that of conventional wooden framed and concrete constructions. In fact, believing the claims by the U.S Environmental Protection Agency, adding insulation to constructions can save up to 15 per cent on cooling and heating costs. Some of the well acclaimed and prominent insulation materials like ICF systems are generally used to reduce the requirements for active cooling and heating systems in tropical and semitropical regions.

In terms of application spectrum, it is quite overt that industrial segment would accrue phenomenal gains across the overall building thermal insulation market, courtesy- introduction of global initiatives for reduction of carbon emissions by enhancing energy efficiency and sustainability. As a matter of fact, it has been reported that the segment is all set to acquire a business share of 15 per cent over the projected time frame.

Building thermal insulation market from stone wool materials segment is expected to record a valuation of USD 4,441.44 million by 2026. Elaborating further on the materials used, it is essential to mention that stone wool materials are currently witnessing massive momentum, perhaps due to its natural fire protection features. Stone wool insulation products are abundantly used worldwide due to their intrinsic properties like water-repellency and exceptional resistance to fire.

Building thermal insulation market is diversified into vivid regions, out of which, the Asia Pacific region is touted to emerge as a revenue pocket for the overall market, subject to rapid urbanization and industrialization, in line with massive rise in government spending on infrastructure development. Apparently, need for eco-friendly building insulation products is also leading to an increased energy consumption, complementing the surging market growth graph. The Asia Pacific building thermal insulation industry had acquired a revenue share of 20 per cent in 2019 and is estimated to grow profusely in the years to come.

Various industry players including BASF SE, CertainTeed, Johns Manville, Huntsman International, Rockwool International, and Saint-Gobain amongst others have been relentlessly working towards developing and introducing novel products in the global market via being engaged in acquisitions, partnerships, and collaborations. These market strategies have indeed enabled the companies to gain a competitive edge in the overall business ecology.

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Data Tables

TABLE 1    Building thermal insulation industry 360° synopsis, 2016 – 2026

TABLE 2    Global building thermal insulation market estimates 2016 – 2019 (Million Sq. Meters.) (USD Million)

TABLE 3    Global building thermal insulation industry estimates 2020 – 2026 (Million Sq. Meters.) (USD Million)

TABLE 4    Global building thermal insulation industry volume estimates and forecast by material, 2016 – 2019 (Million Sq. Meters)

TABLE 5    Global building thermal insulation industrt volume estimates and forecast by application, 2020 – 2026 (Million Sq. Meters)

TABLE 6    Global cork & natural rubber engineered compound market revenue estimates and forecast by application, 2016 – 2019 (USD Million)

TABLE 7    Global cork & natural rubber engineered compound market revenue estimates and forecast by application, 2020 – 2026 (USD Million)

TABLE 8    Global building thermal insulation industry volume estimates and forecast by application, 2016 – 2019 (Million Square Meter)

TABLE 9    Global building thermal insulation market volume estimates and forecast by application, 2020 - 2026 (Million Square Meter)

TABLE 10    Global building thermal insulation industry revenue estimates and forecast by application, 2016 – 2019 (USD Million)

TABLE 11    Global building thermal insulation market revenue estimates and forecast by application, 2020 – 2026 (USD Million)

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