Building Thermal Insulation Market Product Outlook, Potential Scope and Forecast till 2025
The global Building Thermal Insulation Market is expected to witness an exponential CAGR in the years to come. This could be credited to growth in construction industry and the ever-increasing urbanization. Plus, trends are shifting toward upgradation of padding system (in existence) to suffice construction standards. Users are emphasizing on lessening energy consumption bills. That’s why retrofitting insulating material in attics and walls has garnered attention. Besides, stern codes are being implemented by governments for lessening industrial energy consumption; which would bolster the market further.
The global Building Thermal Insulation Market is expected to witness an exponential CAGR in the years to come. This could be credited to growth in construction industry and the ever-increasing urbanization. Plus, trends are shifting toward upgradation of padding system (in existence) to suffice construction standards. Users are emphasizing on lessening energy consumption bills. That’s why retrofitting insulating material in attics and walls has garnered attention. Besides, stern codes are being implemented by governments for lessening industrial energy consumption; which would bolster the market further.
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in high industrialization rates and construction spending in the emerging economies like Indonesia, Malaysia, China,
Thailand, and India.
The players contributing to the building thermal insulation market include Armacell, Saint-Gobain, Owens Corning,
Dow Building Solutions, Johns Manville, BASF Polyurethanes, and Huntsman International. Inorganic growth is on the
anvil. For instance – Armacell entered into “partnership of excellence” with KOPP in Mar 2018 to establish long-term
technology license render high-quality materials to customers.
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Market Segment:
Building Thermal Insulation Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Glass Wool
• Mineral Wool
• EPS
• XPS
• Others
Building Thermal Insulation Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Roof
• Walls
• Floor
Building Thermal Insulation End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Residential
• Commercial
Building Thermal Insulation Regional Outlook (Volume, Kilotons; Revenue; USD Million, 2014 - 2025)
• North America
• U.S.