The building thermal insulation market is set to grow from its current market value of more than USD 27.87 billion to over USD 31 billion. A new study by Knauf Insulation Italy, a prominent building thermal insulation industry player, has unveiled that sufficient levels of insulation could escalate the time by which a building’s temperature could stay comfortable, after switching off heating, by four times. According to the Managing Director of Knauf Insulation, Paolo Curati, a well-insulated building can work in synergy with renewable energy supplies for the effective decarbonization of built environment.

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The study authorized by Knauf Insulation Italy and conducted under the guidance of Lorenzo Pagliano, Professor, Building Physics, Department of Energy, Polytechnic University of Milan, has also demonstrated that high-quality and deep renovations of buildings could cause a significant reduction in the energy usage by up to 80 per cent, highlighting the critical role played by energy efficiency of the building stock in urban decarbonization.

The presence of a strict regulatory environment in North America and Europe is touted to push the demand for floor insulation, in turn boosting the demand for different types of thermal insulation materials through the assessment period. The floor insulation segment is expected to exhibit a commendable CAGR of 3.6 per cent through 2026, contributing a lucrative share of 15 per cent to the overall revenue.

The dawn of different players across the chemicals, power, HVAC, oil & gas, and automotive sectors has been instrumental in influencing building thermal insulation industry growth over the estimated period. Prominent players in the building thermal insulation market comprise Huntsman International, Paroc Group, Neo Thermal Insulation, Kingspan Group, Lloyd Insulations, Sika AG, Knauf Insulation, Dow Building Solutions, LIXIL Group Corporation, and others.

Significant number of acquisition and merger activities by these participants are expected to propel the need for building thermal insulation systems by creating favorable opportunities for business expansion. For instance, Owens Corporation proceeded with the acquisition of a synthetic roofing underlayment manufacturer, Interwrap Group, in February 2019. This move has helped the company in expanding its position in the roofing insulation component segment, in turn opening up avenues for business growth.

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.

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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 industry 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 industry 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 industry revenue estimates and forecast by application, 2020 – 2026 (USD Million)

TABLE 12 Global building thermal insulation market volume estimates and forecast by end-use, 2016 – 2019 (Million Square Meter)

TABLE 13 Global building thermal insulation market volume estimates and forecast by end-use, 2020 - 2026 (Million Square Meter)

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