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Building Thermal Insulation Market - Trends, Growth Propellers, Segmentation and Top Players

Global Building Thermal Insulation Market Information by Material (Fiber glass, Mineral Wool, PU Foam, and others) by Application (Residential, Commercial, and others) by End-use (Roof, Walls and Floors) and Region - Forecast to 2021
Published 15 February 2018
Global Building Thermal Insulation Market   - Overview
Currently, the building thermal insulation market is spurting mainly due to the stringent regulations regarding reduction of greenhouse gas emissions to drive the building thermal insulation market. Moreover, increasing FDI in construction in emerging nations and supportive government regulations and policies also fuel the growth of the market. Governments across all regions are seen promoting and developing their construction & infrastructure sector. The emerging nations are particularly bringing various reforms and regulations to boost their infrastructure growth and real-estate market. In China the central policies on housing were relaxed, the lowest down payment ratio decreased in 2016. Cheaper down payments encouraged more homebuyers to borrow money from banks. This in turn pushed the construction industry, which ultimately led to the increased demand for building thermal insulation. However, lack of awareness among the consumers is the factor that may hinder the market growth of the market.
 
Insulation is one of the most important, cost-effective, energy saving building materials in a home. Building thermal insulation are materials that reduce the amount of power required to heat or cool a house. Insulation keeps your home cooler in the summer and warmer in the winter.
 
According to a recent study report published by the Market Research Future, The global market of building thermal insulation is booming and expected to gain prominence over the forecast period. The global building thermal insulation market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated period (2016 – 2023).
 
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Industry News
In November 2017, ROCKWOOL has acquired 180,000 square metres of land in the east of Sweden, to construct a manufacturing facility of stone wool thermal insulation.
 
In September 2016, Knauf Insulation is giving contractors and builders a simple way to install complete acoustical and thermal comfort in any wall cavity with the introduction of JetSpray Thermal Insulation System, a high-performance, spray-on glass mineral wool.
 
Key Players:
Knauf Insulation, Rockwool International A/S, Johns Manville Inc., Atlas Roofing Corporation, BASF SE, Owens Corning Corporation, Certain Teed Corporation, Dow Building solutions, Paroc Group, Huntsman International LLC, Saint-Gobain Group, Johns Manville Inc., Knauf Insulation GmbH, GAF Material Corporation, Beijing New Building Material Co. Ltd. and Kingspan Group Plc. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Building Thermal Insulation  Market.
 
Global Building Thermal Insulation Market - Regional Analysis
North America region dominates the global building thermal insulation market. Increasing demand for residential housing and increased government support in the form of rebate and other tax benefits to the construction companies driving the growth of the market in the region. Europe is other major region for the market. Building safety codes in countries such as U.K., Germany, and France driving the demand of the market in the region.
 
The Asia-Pacific region is expected to be the fastest growing region for the building thermal insulation. Increase in industrialization, rising urbanized population, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region. Additionally, energy conservation initiatives to reduce greenhouse gas emissions also have the positive influence on the growth of the market.
 
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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.
 
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