The North America building thermal insulation market is
slated to reach USD 10.75 billion by 2025, according to a new report by Grand
View Research, Inc. Favorable regulations focusing on lowering the overall
energy consumption is likely to be an important factor for rising popularity of
these materials. Thermal insulation materials assistin reducing the heat
buildup within the buildings, thus cutting down the dependence on air
conditioning.
The blowing agents employed in
the insulation industry contain ozone depleting substances and are a serious
environmental concern. These blowing agents which are employed in various
insulation materials such as PU foams, phenolic foam, EPS, and XPS contain
hydro fluorocarbons (HFC), carbon dioxide, and pentane which are considered as
major greenhouse gasses.
Fiberglass observes the highest
penetration and benefits from the early introduction of the product in North
American market. The product has witnessed wide popularity owing to the low
fire hazards. Fiberglass can be installed easily with the help of DIY tools,
and that has helped the market penetration.Extruded polystyrene (EPS) is a
popular product in the Europe and is now gaining good attention in North
America as well.EPS is expected to be the fastest growing product segment.
Being a mature market the
industry has witnessed slow but stable growth in most of the application
segments. Insulation materials have been in demand in this region for a long time,
and hence the market is highly price sensitive. New constructions and
implementation of energy efficiency codes is likely to result in high industry
rivalry.
Browse full research report on North America Building
Thermal Insulation Market: http://www.grandviewresearch.com/industry-analysis/north-america-building-thermal-insulation-market
Further key findings from
the report suggest:
- The glass wool segment in North America is projected
to grow at a CAGR of 3.7% over the forecast period
- Glass wool reduces temperature fluctuations and
energy consumption and is one of the most economical thermal insulation
products available in the market
- Residential construction is expected to emerge as the
fastestgrowing segment and is estimated to grow at a CAGR of 4.4% from
2016 to 2025
- Initiatives by the U.S. Dept. of Energy through
Weatherization Assistance Program to improve the energy efficiency of low
income households is expected to further drive the demand for thermal
insulation in the residential construction segment
- Presence of key market players is a major factor,
which is likely to support the market growth for building thermal
insulation material industry in the U.S.
- Key market players include Dow Building Solutions,
Owens Corning Corp.,Johns Manville Corporation, Huntsman International
LLC, CertainTeed Corporation, etc.
Access research insight by Grand View Research: http://www.grandviewresearch.com/research-insights/north-america-building-thermal-insulation-market-insights-size-share
Grand View Research has segmented the North America building
thermal insulation market on the basis of product, application, end-use and
region:
North America Building Thermal Insulation Product
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Glass
wool
- Mineral
wool
- EPS
- XPS
- Others
North America Building Thermal Insulation Application
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Roof
- Walls
- Floor
North America Building Thermal Insulation End-Use
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Residential
- Non-Residential
North America Building Thermal Insulation Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- U.S.
- Canada
- Mexico
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.
For more information: http://www.grandviewresearch.com
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