MarketStudyReport.com Adds New Global Building Thermal Insulation Market 2017 – 2024 research report providing information and data By Material, By Application, By End-Use, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 200 Pages with table and figures in it.
Selbyville, DE -- (SBWIRE) -- 10/11/2018 -- Building Thermal Insulation Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
Global industry share includes Dow, Owens Corning, Johns Manville, Huntsman International, CertainTeed, Kingspan Group, BASF Polyurethanes, and Saint-Gobain.
Building Thermal Insulation Market size is estimated to exceed USD 34.9 billion by 2024. Rising demand for energy conservation and high growth in construction spending will propel building thermal insulation market. Global construction industry was valued above USD 7 trillion in 2015 and will exceed USD 14 trillion by 2024. China, U.S and India together accounted for nearly 55% share in the same year.
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High energy saving, reduced carbon footprints, and easy product availability are key factors fueling building thermal insulation market. Heat loss in a building through its walls, roofs and floors accounts for more than 70%. Benefits offered such as room temperature maintenance at minimum possible energy consumption will increase the product penetration.
Wool insulation material contributes more than 50% of consumption in building thermal insulation market in 2016. Increasing demand from commercial and residential construction will drive the product demand. It is extensively used in sheets & blankets form with a temperature sustaining capacity of above 400 degrees Celsius.
Expanded polystyrene will witness 4.2% CAGR up to 2024. Superior properties including lightness, durability and process ability of the material have enhanced the industry growth. It offers similar thermal resistance as that of its counterparts with even lesser quantity due to high R-value.
Flat roof will surpass USD 5.6 billion till 2024. Inclination towards flat roof trends in commercial sector will drive the segment growth. Commercial sector expansion in terms of grocery stores, convenience stores, and shopping malls will enhance building thermal insulation market growth.
Wall application was valued over USD 12 billion in 2016. Weather proofing requirements and enhancement towards energy efficiency will boost the application usage in the market. Heat transfer from walls in a building accounts for 35% of total heat loss.
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Residential market is set to grow over 4% through to 2024. High consumer spending, nuclear family evolutions, and rising population will have a positive influence product demand.
UAE is anticipated to worth more than USD 260 million in 2016 and has become one of the most attractive hub for infrastructure spending. Increased adoption of technologies for curbing hot weather conditions, greenhouse gases and improved business environment will strengthen the product demand.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Building Thermal Insulation Industry Insights
Chapter 4 Building Thermal Insulation Market, By Materials
Chapter 5. Building Thermal Insulation Market, By Application
Chapter 6 Building Thermal Insulation Market, By End-Use
Chapter 7 Building thermal insulation Market, By Region
Chapter 8 Company Profiles
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Outer Scope of this Report: Primarily on the cusp of providing thermal comfort to the occupants and supporting healthy living environments, the building thermal insulation market has emerged as nothing but lucrative in the global construction cosmos. Increasing adoption of thermal insulated walls as a temperature barrier, especially across the high temperature variation regions witnessing extreme heat or cold, have prominently fueled the product demand. The market is also expected to flourish across the tropical regions where thermal comfort is increasingly gaining traction. In addition, the growing consumer awareness and governmental regulations toward efficient usage of energy as well as conservation have further complemented the industry growth. According to Statista, in the United States alone, In the United States, private construction spending crossed USD 899 billion in 2016, while new construction projects are estimated to surpass USD 1.4 trillion by 2021.
Speaking of the robust growth of the construction industry, it is prudent to note that U.S., China, and India, are apparently the frontrunners with combined contribution of more than half of the overall construction spending for the year 2016. Given the surge in new construction and retrofitting activities in tandem with the sustainability trends, these regions are certain to remain as attractive investment grounds for the potential shareholders. Worldwide commercial establishments such as offices, shopping malls, and sports complexes are witnessing significant adoption of plastic & wool insulation materials. Recently for instance, an Australian developer has lodged a proposal for the first-of-its-kind indoor winter sports center for Penrith. The USD 200 million project, reportedly will have a multi-layered level of insulation for controlled internal atmosphere and a high efficiency mechanical unit producing snow and chilled air.
United States Building Thermal Insulation Materials Market Report 2018
In this report, the United States Building Thermal Insulation Materials market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
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