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
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.
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