2022 Value of Building Thermal Insulation Market at $29Bn+ Forecasts a New Global Research Report

The building thermal insulation market size was $23.89 billion in 2016, which is projected to reach $29.62 billion by 2022, at a CAGR of 3.65% from 2017 to 2022 driven by the presence of stringent regulations to reduce greenhouse gas emissions in regions such as Europe and North America.

Asia Pacific estimated to be the fastest-growing market during the forecast period in terms of value. The boom in construction industry of China and India is estimated to drive the demand for building thermal insulation in the Asia Pacific region. In addition, the improvement in economic conditions and growth in urbanization helps the building thermal insulation market to flourish in the region. The presence of major manufacturers, such as Rockwool International A/S (Germany), Saint-Gobain S.A. (France), and Beijing New Building Material (Group) Co., Ltd. (China) also drives the market for building thermal insulation in the region.

Browse 134 Market Data Tables and 36 Figures spread through 170 Pages and in-depth TOC on "Building Thermal Insulation Market by Material (Glass Wool, Stone Wool, Polystyrene), Application (Flat Roof, Pitched Roof, External Wall, Internal Wall, Cavity Wall, Floor), Building Type (Residential, Non-residential) - Global Forecast to 2022"

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In addition, development of green buildings and presence of stringent building codes drive the demand for building thermal insulation. Availability of hempcrete, a green insulation material, acts as a restraint for the building thermal insulation market.

The glass wool segment is estimated to witness the highest growth, in terms of volume, from 2017 to 2022. Lightweight, non-combustible, high tear strength and corrosion-resistant properties drive the demand for glass wool, globally. The demand for glass wool is increasing due to its increasing usage in masonry cavity walls, timber frame walls, roof rafter, flat roofs, loft, and suspended floor insulations. North America dominates the market for glass wool. This is due to the higher demand for non-flammable products in the region.

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The residential building type segment dominated the building thermal insulation market, both in terms of value and volume in 2016. This is due to the boom in housing sector in countries such as the US, Germany, and China. In addition, the awareness regarding energy efficient buildings and rising cost of energy also drive the demand for thermal insulation in residential buildings.

“Non-residential building estimated to be the fastest-growing building type, in terms of value, from 2017 and 2022”

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The non-residential building segment is estimated to be the fastest growing building type in terms of value, from 2017 and 2022. The increase in industrial activities and robust manufacturing in the US is estimated to drive the demand for building thermal insulation in non-residential building in North America. High business investments, especially in the UK, are estimated to drive the demand for non-residential buildings, which, in turn, will drive the demand for building thermal insulation in Europe. Healthcare facilities are estimated to grow due to the aging population in China. This is estimated to drive the demand for building thermal insulation in non-residential buildings in Asia Pacific.

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The growing demand for non-residential buildings, especially in the US, China, and the UK drive the demand for building thermal insulation in non-residential buildings. The rising energy cost in Europe drives the demand for building thermal insulation in both residential and non-residential buildings in Europe.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted as follows:

By Company Type: Tier 1 (50%), Tier 2 (27%), and Tier 3 (23%)
By Designation: C-level (38%), Director Level (20%), and Others (42%)
By Region: Asia Pacific (50%), North America (20%), Western Europe (13%),Central & Eastern Europe (8%), Middle East & Africa (7%), South America (2%)

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Various key players profiled in the report include Johns Manville Corporation (US), Saint-Gobain S.A. (France), BASF SE (Germany), Kingspan Group plc (Ireland), Knauf Insulation, Inc. (US), Owens Corning (US), Huntsman Corporation (US), Rockwool International A/S (Germany), Firestone Building Products Company (US), Cabot Corporation (US), Dow Corning Corporation (US), Covestro AG (Germany) , URSA Insulation, S.A. (Spain), Paroc Group Oy (Finland), Atlas Roofing Corporation (US), GAF Materials Corporation (US), Lapolla Industries, Inc. (US), Beijing New Building Material (Group) Co., Ltd. (China), NICHIAS Corporation (Japan), Fletcher Building Limited (New Zealand), ODE Industry and Trade Inc. (Turkey), Aspen Aerogels, Inc. (US), Trocellen GmbH (Germany), Recticel SA (Belgium), and KCC Corporation (South Korea).

Research Coverage

This report segments the market for building thermal insulation by material type, building type, application, and region, and provides the estimations for the overall value of the market across various regions. A detailed analysis of the key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, acquisitions, agreements, partnership, and recent developments associated with the market for building thermal insulation.

Reasons to Buy This Report:

This research report is focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the building thermal insulation market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on building thermal insulation offered by the top players in the global building thermal insulation market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the building thermal insulation market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for building thermal insulation across regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global building thermal insulation market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the building thermal insulation market

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