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Building Insulation Material Market Segments Based on Geography, Key Players, Driver, Market Challenge, Market Trend 2023
Global Building Insulation Material Market Information Report by Material (Stone wool, Glass wool, EPS, XPS, and others), by Application (Walls, Roofs, and Floors), by End-user (Commercial, and Residential), and by Region - Global Forecast To 2023
Published 15 February 2018
Market Scenario
Building insulation is made up of materials that form a thermal envelope of a building and reduce heat transfer. Various materials such as glass wool, stone wool, and EPS, are used to manufacture insulation products. These are used across residential, and non-residential applications.
The Global Building Insulation Material Market is expected to witness moderate growth over the forecast period. The growth of building insulation material market is influenced by increased consumption in Asia, increasing FDI in construction, supportive government regulations on building insulation, and supportive government regulations & initiatives to promote construction. Fluctuation in raw material prices and unavailability of skilled labor hinder the growth of the market.
Raw materials such as glass wool, stone wool, and plastic insulation material are subject to price and supply fluctuations in the international market. There has been increased dependency on imports for such materials used for building insulations, especially in the countries of U.S., Canada, and U.K. This often leads to fluctuation in final prices of building insulation products. This hampers the market growth of building insulation material market.
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The global building insulation material market has been segmented based on materials, applications, end-users, and regions. Based on materials, glass wool accounted for the largest market share of 33.31% in 2016. On the basis of application, walls had the largest market share in 2016. Based on end-users, residential accounted for the largest market share with a market value of USD 13,422.4 million and is projected to grow at the highest CAGR during the forecast period. Hence, Global Building Insulation Material Market is expected to have a market size of USD 30,446.3 million by the end of the forecast period at CAGR of 3.49%.
Key Players
The key players of global building insulation material market are BASF SE, Rockwool International A/S, Owens Corning Corporation, Paroc Group Oy, Lloyd Insulations Limited, Knauf Insulation, Inc., Johns Manville Inc., GlassRock Insulation Company SAE, Saint-Gobain S.A, Kingspan Group Plc, and others.
Market Research Analysis
The building insulation material market has witnessed moderate growth over the last few years and as per analysis, the market will retain this growth rate during the forecast period. In the report, the market has been divided into the following material stone wool, glass wool, EPS, XPS, and others. Glass wool is the largest segment in building insulation market, by material. Glasswool is the most common form of insulation used in residential buildings around the world. The segment accounts for 33.31% of market share in 2016 and is expected to grow at 3.61% CAGR during the forecast period.
Get Complete Report @ https://www.marketresearchfuture.com/reports/building-insulation-material-market-1393
In the report, the market has been divided into the applications of walls, roofs, and floors. Walls is the dominating segment of building insulation material market. Insulating walls in a home or building is critical to achieving high energy efficiency. A big factor in the effectiveness is how well the wall cavity is sealed by the insulation. But cellulose insulation is just as effective while offering other advantages. The segment accounts for 46.88% market share and is expected to grow at 4.22% CAGR during the forecast period.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
Building insulation is made up of materials that form a thermal envelope of a building and reduce heat transfer. Various materials such as glass wool, stone wool, and EPS, are used to manufacture insulation products. These are used across residential, and non-residential applications.
The Global Building Insulation Material Market is expected to witness moderate growth over the forecast period. The growth of building insulation material market is influenced by increased consumption in Asia, increasing FDI in construction, supportive government regulations on building insulation, and supportive government regulations & initiatives to promote construction. Fluctuation in raw material prices and unavailability of skilled labor hinder the growth of the market.
Raw materials such as glass wool, stone wool, and plastic insulation material are subject to price and supply fluctuations in the international market. There has been increased dependency on imports for such materials used for building insulations, especially in the countries of U.S., Canada, and U.K. This often leads to fluctuation in final prices of building insulation products. This hampers the market growth of building insulation material market.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1393
The global building insulation material market has been segmented based on materials, applications, end-users, and regions. Based on materials, glass wool accounted for the largest market share of 33.31% in 2016. On the basis of application, walls had the largest market share in 2016. Based on end-users, residential accounted for the largest market share with a market value of USD 13,422.4 million and is projected to grow at the highest CAGR during the forecast period. Hence, Global Building Insulation Material Market is expected to have a market size of USD 30,446.3 million by the end of the forecast period at CAGR of 3.49%.
Key Players
The key players of global building insulation material market are BASF SE, Rockwool International A/S, Owens Corning Corporation, Paroc Group Oy, Lloyd Insulations Limited, Knauf Insulation, Inc., Johns Manville Inc., GlassRock Insulation Company SAE, Saint-Gobain S.A, Kingspan Group Plc, and others.
Market Research Analysis
The building insulation material market has witnessed moderate growth over the last few years and as per analysis, the market will retain this growth rate during the forecast period. In the report, the market has been divided into the following material stone wool, glass wool, EPS, XPS, and others. Glass wool is the largest segment in building insulation market, by material. Glasswool is the most common form of insulation used in residential buildings around the world. The segment accounts for 33.31% of market share in 2016 and is expected to grow at 3.61% CAGR during the forecast period.
Get Complete Report @ https://www.marketresearchfuture.com/reports/building-insulation-material-market-1393
In the report, the market has been divided into the applications of walls, roofs, and floors. Walls is the dominating segment of building insulation material market. Insulating walls in a home or building is critical to achieving high energy efficiency. A big factor in the effectiveness is how well the wall cavity is sealed by the insulation. But cellulose insulation is just as effective while offering other advantages. The segment accounts for 46.88% market share and is expected to grow at 4.22% CAGR during the forecast period.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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