Building Thermal Insulation Market Size, Share, Industry Growth, Trends, Business Opportunities, Challenges, Growth Insights to 2026


Posted December 3, 2020 by bhagyashribhole8

Building Thermal Insulation Market Size, Share & Industry Analysis, By Material , By End-Use , and Regional Forecast, 2019-2026

 
The global building thermal insulation market size is projected to reach USD 40.21 Billion by 2026 on account of the rise in building and construction activities around the world. Thermal insulation in a building includes the prevention of heat transfer via the encasement of the building. It also provides auxiliary support to the structure of the building and its roof and shields it from energy loss.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

Report Highlights

The report offers a qualitative and quantitative analysis of the market and its growth trajectories, such as restraint, drivers, opportunities, and challenges. It also talks about the competitive landscape of the market, the list of players operating in the market, and the key strategies adopted by them to gain a competitive edge in the market. Furthermore, the report talks about the current building thermal insulation market trends, significant industry developments, and other interesting insights into the market. The table of segmentation is also discussed in the report in detail. For more information on the report, log on to the company website.

Market Drivers

Need for Controlling Heat Transfer in Buildings will Add Impetus to Market

The rise in building and construction activities worldwide is a major driver promoting the building thermal insulation market growth. In addition to this, there is an increasing need to maintain an average temperature inside the buildings. This is done by decreasing the heat transfer between adjacent environments and reduce the carbon footprint by constricting the heat conduction to the external surroundings. This, coupled with the rise in energy cost will also boost the market in the forecast period. Moreover, rapid modernization and industrialization have propelled the installation of thermal insulation systems in commercial buildings to conserve energy, and this will aid in the expansion of the market in the coming years.

Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/building-thermal-insulation-market-102708

Asia Pacific Emerged Dominant Owing to Stringent Regulations Imposed on Infrastructural Development

As per the current geographic segmentation, the market is dominated by Asia Pacific that earned USD 13.04 billion in 2018. It is also considered to emerge as the fastest-growing region as a result of large scale investments on infrastructural development by governments of Southeast Asia, India, and China. Additionally, governments in China and India have imposed strict rules on the consumption of energy in the coming five years, and this will further aid in the expansion of the market in the coming years. On the other side, the North American market will rise substantially, owing to the increasing awareness among people about energy-saving technologies.


List of Players Functioning in Building Thermal Insulation Market are as following;

Armacell S.A.
Owens Corning
Knauf Insulation
DuPont
Cellofoam North America Inc.
BYUCKSAN
Bondor Indonesia
IMERYS Group
Evonik
Atlas Roofing Company
Beijing New Building Material (Group) Co., Ltd.
KCC Corporation
Kaneka Corporation
Johns Manville
Huamei Energy-saving Technology Group Co., Ltd.
ROCKWOOL International A/S
NICHIAS Corporation
Lloyd Insulations (India) Limited
Kingspan Insulation LLC
Superglass Insulation Ltd.
GAF
P. Twiga Fiberglass Limited
Firestone Building Products
Ursa
Reciticel Group
Other vendors

Read Press Release: https://www.fortunebusinessinsights.com/press-release/building-thermal-insulation-market-9854
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Last Updated December 3, 2020