The global building thermal insulation market is anticipated
to reach USD 36.9 billion by 2025, according to a new report by Grand View
Research, Inc. The demand for energy is on a rise in the developed as well as
developing countries and so is the price of energy.
Insulating homes help in curbing up
to 20% of the regular energy costs as it considerably reduces the cooling and
warming prices during summers and winters. All these factors have propelled the
demand for thermal insulation market in residential as well as commercial
buildings. Re-insulation of old houses provides a lucrative opportunity.
Europe is expected to account for
the largest demand owing favorable government regulations. Asia Pacific is
anticipated to emerge as the fastest growing region, and China is likely to
account for a major share of the market. Other countries in this region such as
the Philippines, Indonesia are expected to witness rapid growth in upcoming
years.
The market is mature and owing to
large numbers of players it is considered to be price sensitive. Implementation
of stringent regulation poses a major challenge to most of the market
participants but this, in turn, is likely to result in high industry rivalry.
Browse full research report on Building
Thermal Insulation Market: http://www.grandviewresearch.com/industry-analysis/building-thermal-insulation-market
Further Key Findings from the
Study Suggest:
- Asia
Pacific is expected to gain 1.0% market share by 2025 and is anticipated
to grow at highest estimated CAGR of 4.2% during the forecast period
- Asia
Pacific is characterized by high insulation demand in residential and
commercial buildings
- Europe
building thermal insulation is expected to grow at an estimated CAGR of
3.5% from 2016 to 2025
- EU
initiatives to promote thermal insulation as a means of energy
conservation strategy are expected to support the market growth in Europe
- Residential
construction emerged as the largest segment with 50% of the total market
demand in 2015
- Expanded
polystyrene (EPS) is projected to grow at the highest CAGR on account of
its exceptional thermal insulation property
- Expanded
polystyrene (EPS) accounted for 29.6% of market share by volume in 2015
- Influential
companies operating in this market include Dow Building
Solutions, Owens Corning Corp., Johns Manville Corporation, Huntsman
International LLC, CertainTeed Corporation, Kingspan Group PLC, BASF
Polyurethanes, Saint-Gobain S.A., etc.
Grand View Research has segmented
the building thermal insulation market on the basis of product, application,
end-use and region:
Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
- Glass
Wool
- Mineral
Wool
- EPS
- XPS
- Others
Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Roof
- Walls
- Floor
End-Use Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
- Residential
- Non-Residential
Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
- North
America
- U.S
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Middle
East and Africa
- Central
& South America
Access press release of this
research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-building-thermal-insulation-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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