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Building Thermal Insulation Market Revenue Forecast 2019-25 By Regional Manufacturers

Author : Rahul Varpe | Published Date : 2019-09-19 

Due to the rapid surge in the construction activities owing to proliferating urbanization trends, the worldwide building thermal insulation market will procure massive proceeds over the coming years. According to the United Nations, about 68% of the world’s population is likely to reside in urban areas by 2050 – signifying the addition of 2.5 billion people to the foray. A substantial proportion of this increase is anticipated to take place in Asia and Africa. It is thus rather overt that the adoption of advanced insulation materials to build and manage urban spaces will become vital in the years to come, paving the way for the expansion of building thermal insulation industry.

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As the awareness pertaining to the harmful impact of conventional construction dawns on industry contenders, and the proliferation of green construction practices depicts an upsurge, the building thermal insulation market share is expected to observe an incline. As per estimates, building thermal insulation industry size will surpass $35bn by 2025.

Aided by advancements such as enhanced thermal properties, excellent soundproofing, and easy installation methods, the global building thermal insulation market is expected to cater to widespread demands more often than not. Additionally, growing efforts and investments to build energy efficient infrastructures to minimize carbon footprint, enhance thermal comfort and more, will also contribute towards industry expansion.

Building Thermal Insulation Market, By Material:

  • Open cell materials/Wool insulation
    • Glass wool
    • Stone wool
    • Others (cellulose & aerogel)
  • Closed cell materials/Plastic foams
    • Expanded polystyrene
    • Extruded polystyrene
    • Polyurethanes
    • Others (phenolic foams & polyisocyanurate insulation)

Important pointers encompassed pertaining to the material spectrum:

  • The study is inclusive of significant data pertaining to the material spectrum.
  • The report encompasses the revenue forecast details of the material segments categories by the end of the anticipate duration.
  • The market share which each of the material segments account for are mentioned in the study.
  • Also, the most proliferating trends that the material spectrum is characterized by are also entailed.

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Rapidly increasing focus towards curbing energy consumption in the residential and commercial spaces, building thermal insulation market has come to chart out an extremely profitable growth path lately. It is no secret that heating and cooling operations account for a large share of total energy demand in the residential, commercial and industrial sectors. In the EU alone, buildings and industries are slated to account for half of region’s energy consumption for heating and cooling purposes. Estimates claim that by 2030, the requirement of energy for cooling buildings is expected to rise by 72%.

As per official reports, in May 2019, the U.S Department of Energy (DoE) announced an investment of around $33.5 million for early-stage R&D in advanced building construction techniques primarily to reduce energy bills and to address a combination of envelope, heating, cooling and ventilation issues. Initiatives such as the aforementioned are expected to further bolster the overall building thermal insulation market.

Other important pointers encompassed in the report:

 

  • The Building Thermal Insulation Market study presents a 360-degree synopsis of the industry in question, covering all the latest aspects possible.
  • The numerous pricing trends prevalent in the Building Thermal Insulation Market are presented in the report.
  • Pertaining to the competitive landscape, the report also includes a snippet about the financial data of the companies included.
  • A gist of the regulatory norms governing the Building Thermal Insulation Market across the developed and developing economies has been enumerated in the study.
  • For the sake of convenience, the Building Thermal Insulation Market report also explicates on the market definitions referred to in the document.

Global building thermal insulation market manufacturers are:

  • Kingspan Group
  • Armacell
  • Saint-Gobain
  • Huntsman International
  • Knauf Gips KG
  • Dow Chemical Company
  • Johns Manville
  • Owens Corning
  • BASF Polyurethanes

Related News: https://www.marketwatch.com/press-release/structural-insulation-panels-market-2019-growth-analysis-regional-demand-and-forecast-report-to-2024-2019-09-19

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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