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.
View
summary of this report @ 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.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
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
o
U.S
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Middle East and Africa
·
Central & South America
For press release of this report - 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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more information visit - http://www.grandviewresearch.com/
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