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.
Full research report on Building Thermal Insulation Market analysis: http://www.grandviewresearch.com/industry-analysis/building-thermal-insulation-market
U.S. building thermal insulation market by product, 2014-2025 (USD Million)
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.
View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Building thermal insulation demand, by application, 2015
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)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
Middle East and Africa
Central & South America
Browse 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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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