Building Thermal Insulation Market: Competitive Landscape, Industry Demand & Regional Forecast to 2026
Category: #business  By Ronak Bora  Date: 2021-10-12
  • share
  • Twitter
  • Facebook
  • LinkedIn
Building Thermal Insulation Market: Competitive Landscape, Industry Demand & Regional Forecast to 2026

Global Building thermal insulation market is anticipated to depict a CAGR of 5.3% through 2026, having recorded a valuation of USD 27.87 billion in 2019. By 2026, the market is expected to hit a remuneration of USD 31 billion.

Collective emissions of about 50 billion tons of carbon dioxide almost every year, which is nearly 76% of the toxic gas emission worldwide, have compelled various governments to introduce strict norms and policies pertaining to significant reduction in these emission levels. Undeniably, this has offered a potential boost to the emergence of building thermal insulation concept. It has been predicted that global building thermal insulation market is set to produce tremendous gains over the span of 2020 to 2026, while accounting for a revenue share of USD 31 billion by the end of the duration.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1755

As per numerous studies and reports, building thermal insulation provides a high level of energy efficiency compared to that of conventional wooden framed and concrete constructions. In fact, believing the claims by the U.S Environmental Protection Agency, adding insulation to constructions can save up to 15 per cent on cooling and heating costs. Some of the well acclaimed and prominent insulation materials like ICF systems are generally used to reduce the requirements for active cooling and heating systems in tropical and semitropical regions.

In terms of application spectrum, it is quite overt that industrial segment would accrue phenomenal gains across the overall building thermal insulation market, courtesy- introduction of global initiatives for reduction of carbon emissions by enhancing energy efficiency and sustainability. As a matter of fact, it has been reported that the segment is all set to acquire a business share of 15 per cent over the projected time frame.

Building thermal insulation market from stone wool materials segment is expected to record a valuation of USD 4,441.44 million by 2026. Elaborating further on the materials used, it is essential to mention that stone wool materials are currently witnessing massive momentum, perhaps due to its natural fire protection features. Stone wool insulation products are abundantly used worldwide due to their intrinsic properties like water-repellency and exceptional resistance to fire.

Building thermal insulation market is diversified into vivid regions, out of which, the Asia Pacific region is touted to emerge as a revenue pocket for the overall market, subject to rapid urbanization and industrialization, in line with massive rise in government spending on infrastructure development. Apparently, need for eco-friendly building insulation products is also leading to an increased energy consumption, complementing the surging market growth graph. The Asia Pacific building thermal insulation industry had acquired a revenue share of 20 per cent in 2019 and is estimated to grow profusely in the years to come.

Various industry players including BASF SE, CertainTeed, Johns Manville, Huntsman International, Rockwool International, and Saint-Gobain amongst others have been relentlessly working towards developing and introducing novel products in the global market via being engaged in acquisitions, partnerships, and collaborations. These market strategies have indeed enabled the companies to gain a competitive edge in the overall business ecology.

Get this report Customized to your requirements @    https://www.decresearch.com/roc/1755

Some Point from Table of Contents:

Data Tables

TABLE 1    Building thermal insulation industry 360° synopsis, 2016 – 2026

TABLE 2    Global building thermal insulation market estimates 2016 – 2019 (Million Sq. Meters.) (USD Million)

TABLE 3    Global building thermal insulation industry estimates 2020 – 2026 (Million Sq. Meters.) (USD Million)

TABLE 4    Global building thermal insulation industry volume estimates and forecast by material, 2016 – 2019 (Million Sq. Meters)

TABLE 5    Global building thermal insulation industrt volume estimates and forecast by application, 2020 – 2026 (Million Sq. Meters)

TABLE 6    Global cork & natural rubber engineered compound market revenue estimates and forecast by application, 2016 – 2019 (USD Million)

TABLE 7    Global cork & natural rubber engineered compound market revenue estimates and forecast by application, 2020 – 2026 (USD Million)

TABLE 8    Global building thermal insulation industry volume estimates and forecast by application, 2016 – 2019 (Million Square Meter)

TABLE 9    Global building thermal insulation market volume estimates and forecast by application, 2020 - 2026 (Million Square Meter)

TABLE 10    Global building thermal insulation industry revenue estimates and forecast by application, 2016 – 2019 (USD Million)

TABLE 11    Global building thermal insulation market revenue estimates and forecast by application, 2020 – 2026 (USD Million)

Browse complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/building-thermal-insulation-market

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More >>

More News By Ronak Bora

Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
By Ronak Bora

Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown. Electrical wiring is directly ...

GCC Natural Gas Market Outlook 2024 By Industry Players
GCC Natural Gas Market Outlook 2024 By Industry Players
By Ronak Bora

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UA...

Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
By Ronak Bora

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has bee...