Market Research Future published a cooked research report on global building insulation material market. The building insulation material market is expected to grow at a CAGR of around 3.49% during the period, 2017 to 2023.
Building insulation is made up of materials that form a thermal envelope of a building and reduce heat transfer. Various materials such as glass wool, stone wool, and EPS, are used to manufacture insulation products. These are used across residential, and non-residential applications.
There are various organizations and departments across the globe that govern the application of insulation in construction. This induces the market of building insulation material on a global level. Such bodies and organizations govern the application of building insulation in various systems and structures of a building. These regulations change with the region and country and governments are getting stringent with such policies to promote energy efficiency in construction. This has spiked the demand for building insulation materials, across the globe.
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Market Research Analysis
The building insulation material market has witnessed moderate growth over the last few years and as per analysis, the market will retain this growth rate during the forecast period. In the report, the market has been divided into the following material stone wool, glass wool, EPS, XPS, and others. Glass wool is the largest segment in building insulation market, by material. Glasswool is the most common form of insulation used in residential buildings around the world. The segment accounts for 33.31% of market share in 2016 and is expected to grow at 3.61% CAGR during the forecast period.
In the report, the market has been divided into the applications of walls, roofs, and floors. Walls is the dominating segment of building insulation material market. Insulating walls in a home or building is critical to achieving high energy efficiency. A big factor in the effectiveness is how well the wall cavity is sealed by the insulation. But cellulose insulation is just as effective while offering other advantages. The segment accounts for 46.88% market share and is expected to grow at 4.22% CAGR during the forecast period.
The report provides in-depth information of the recent market scenario, historical market trends, and correlations between the market dynamics and forecasts. The market size in report covers both the parameters of the market i.e. market by value and volume. Along with market size, the study segments the building insulation material market based on material, application, end-user, and region, delivering actionable insights. This section helps the report users to identify the segments that are highly lucrative and capitalize on growth opportunities while minimizing risks. The report also explores market dynamics such as drivers, trends, opportunities, and restraints, impacting the growth of the market segments. The section also sheds light on the key micro and macroeconomic factors influencing the growth of the market.
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Global Building Insulation Material Market, 2016-2023 (USD Million)
Scope of the Report
This study provides an overview of the global building insulation material market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Latin America Europe, Asia-Pacific (APAC) and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global building insulation material market by its material, application, end-user and region.
- BASF SE
- Rockwool International A/S
- Owens Corning Corporation
- Paroc Group Oy
- Lloyd Insulations Limited
- Knauf Insulation, Inc.
- Johns Manville Inc.
- GlassRock Insulation Company SAE
- Saint-Gobain S.A
- Kingspan Group Plc.
- Base Year- 2017
- Projection Period- From 2018 to 2023
- Currency- USD Million
- Conversion Rate- Considered as per the respective financial years
- Building insulation material manufacturers
- Suppliers and distributors
- Potential investors
- Raw material suppliers
- Construction companies
- End Users
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for building insulation material
- Stone Wool
- Glass Wool
- North America; The U.S., and Canada
- Europe; Germany, the UK, France, Spain, Italy, and Rest of Europe
- Asia Pacific (APAC); China, Japan, India and Rest of Asia Pacific
- The Middle East & Africa (MEA)
- South America
- Rest of the world (Row)
Additional Free Customization
- Additional 3 Country Data (Value + volume)
- Additional 7 more company profiles
- Criss-cross segmentation
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