Market Overview
Market Research Future (MRFR) analysed the global building thermal insulation market 2020 through the assessment period 2018 to 2025. By 2025, the building thermal insulation market can rise at 4.7% CAGR in analysis period. The Building Thermal Insulation Market can value at 28.02 Bn by the end of the review period.
The rise in building and construction activities across the globe is one of the chief factors that can drive the building thermal insulation market expansion. The growing concerns for energy conservation in buildings as demand for energy surges is creating multiple growth opportunities for market players. Further, the easy obtainability of insulation materials for both residential and non-residential buildings can cause the thermal insulation to augment in the forecast period. On the other hand, fluctuations in prices of plastic foams can hamper the market expansion, along with changes in crude oil cost.
Key Players
Saint-Gobain SA (France), Firestone Building Products Company, LLC (US), Johns Manville Corporation (US), Owens Corning (US), Lapolla Industries, Inc. (US), BASF SE (Germany), Knauf Insulation (US), Huntsman International LLC (US), Dow (US), Paroc Group (Finland), Aspen Aerogels, Inc. (US), NICHIAS Corporation (Japan), URSA Insulation, SA (Spain), Covestro AG (Germany), Kingspan Group (Ireland), Rockwool International A/S (Denmark), Cabot Corporation (US), GAF Materials LLC (US), Recticel SA (Belgium), Trocellen GmbH (Germany), ODE Insulation (Turkey), and KCC CORPORATION (South Korea) are some major players functioning in the building thermal insulation market that are listed by MRFR.
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Segmentation Analysis
The segment assessment of the global building thermal insulation market is done by application, material type, and end use.
The material type-based segments of the global building thermal insulation market are wool insulation [glass wool and stone wool], extruded polystyrene (XPS), plastic foams [expanded polystyrene (EPS), polyurethanes (PU)], and phenolic among others.
The material type-based segments of the global building thermal insulation market are roof insulation [flat roof and pitch roof], wall insulation [internal wall, air cavity wall, and external wall], and floor insulation.
The end-use based segments of the global building thermal insulation market are non-residential and residential.
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Regional Analysis
Asia-Pacific, Latin America, North America, EU, and the Middle East & Africa are key regions across which the building thermal insulation market is studied.
In Europe, the building thermal insulation market can expand at the highest pace during the review period. The need to promote thermal insulation to lower the overall consumption of energy in the region can favor the market expansion.
In Asia Pacific, the building thermal insulation market is expected to surge as the number of construction activities taken up by government agencies is high. In addition, gradual increase in population and hike in GDP per capita can favor the market expansion. The rise in the number of non-residential and residential constructions that are built with thermal insulation materials can boost the market rise.
In North America, the building insulation thermal market can secure a considerable share of the global market. The existence of reputed agencies that are encouraging the incorporation of advanced insulation materials in constructions to curb carbon environment can cause the regional market to rise.
In the Middle East and Africa, the market can register a moderate CAGR as rise in construction activities is observed. In Latin America, the building thermal insulation market can exhibit a steady growth rate in the study period. Critical climate changes and rise in global warming issues across the region are creating demand for building insulation thermal market. This can favor the market expansion.
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of The Study
2.3 List of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research End-Use
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics of The Global Building Thermal Insulation Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Application
5 Market Factor Analysis of The Global Building Thermal Insulation Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End Users
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Buyers
5.2.3 Bargaining Power of Suppliers
5.2.4 Threat of Substitutes
5.2.5 Intensity of Rivalry
5.3 Pricing Analysis
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