Building Thermal Insulation Market: North America Region Is Expected Grow Exponentially By 2028
North America building thermal insulation market is expected to account for nearly 19% of the global industry value by 2028. The growth can be credited to an increase in research projects by various organizations.
Considering an instance, in January 2021, a group of researchers began the ‘Re-Side Right’ project, backed by the Building America Program of the U.S. Department of Energy. The initiative was aimed at testing the performance benefit of the installation of a new insulation called Neopor Graphite polystyrene. The solution was designed by BASF for improving the R-value of existing walls and the reduction of air leakage via exterior walls.
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Numerous industry players in the APAC region are focusing on the launch of various product lines for securing a strong position in the market. According to estimates, the Asia Pacific building thermal insulation market value is touted to expand at a commendable rate through 2028.
Quoting an example, in March 2022, ACC Ltd., launched ACC Airium, a thermal insulating climate control system in India. The product is a long-lasting roofing solution that provides insulation to the surface at the time of construction itself, claimed the company.
The rising emphasis of major industry players toward the launch of various projects and ongoing product development initiatives has opened a series of critical growth opportunities across the building thermal insulation market. Several companies are focused on the adoption of mergers, acquisitions, and collaborative agreements for the consolidation of their position in the industry.
Considering an instance, in February 2022, Knauf Energy Solutions made it to the headlines for two mass projects focused on energy-saving deep renovation in Europe. The projects helped in cutting greenhouse emissions, generated mass savings, and provided jobs for dozens of skilled workers. An increase in such initiatives is expected to favor the industry expansion over the ensuing years. Global building thermal insulation market size is expected to exceed USD 35 billion by 2028.
Cellofoam North America, BASF SE, Rockwool International A/S, Saint-Gobain, Atlas Roofing Corporation, Kingspan Group, Johns Manville, URSA Insulation, CertainTeed, Sika AG, Beijing New Building Material, and others are some of the major industry players operating in the building thermal insulation market.
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Data Tables
Table 1. Building thermal insulation industry 3600 synopsis, 2018 - 2028
Table 2. Global Building thermal insulation Market estimates & forecast, 2018 - 2028, (Million Square Meter) (USD Million)
Table 3. Global Building thermal insulation industry volume estimates by material, 2018 - 2028, (Million Square Meter)
Table 4. Global Building thermal insulation industry revenue estimates by material, 2018 - 2028, (USD Million)
Table 5. Global Building thermal insulation industry volume estimates by application, 2018 - 2028, (Million Square Meter)
Table 6. Global Building thermal insulation market revenue estimates, by application, 2018 - 2028, (USD Million)
Table 7. Global Building thermal insulation market volume estimates by end-use, 2018 - 2028, (Million Square Meter)
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