Pune, India -- (SBWIRE) -- 11/17/2017 -- Global Building Thermal Insulation Market – Overview
Building thermal insulation is used in constructions so as to limit or completely cut down the loss of heat from buildings. As there are many areas in a building from where heat loss can occur, thermal insulations of such structures must be done effectively so as to gain the advantages of insulating. Thermal insulation can also bring down the energy consumed in the buildings which in return leads to savings.
A Market Research Future report states that, the global Building Thermal Insulation market is expected to earn an exceptional level of revenue at the end of the forecasted period and is expected to show an unprecedented growth rate at a high CAGR percentage from 2016 to 2021. Thermal insulation is used in many industries due to its wide range of applications and its efficacy in maintaining the desired levels of temperature. Though thermal insulation has a lot of applications it's use is most prevalent in the construction sector, usage of insulation in these structures creates ambient temperatures. Since energy consumption spike seen worldwide has caused a lot of climatic repercussions, the use of thermal insulations in buildings is a step towards reducing damage to the environment and being more eco-friendly.
The factors having a positive influence on the growth of this market are easy availability of the product, reduced carbon footprints after implementation of this particular method of preventing heat loss thereby maintaining room temperature are some of the major factors that help in driving the demand for thermal insulation. Some of the factors deterring growth are the high prices of insulation materials leading to low levels of adoption by consumer and low awareness about the benefits of thermal insulation.
Latest Industry News:
5th October 2017 ROCKWOOL recently declared that it had acquired 180,000 square metres of land in the eastern Swedish municipality of Eskilstuna to expand its production capacity in response to high demand levels.
8th June 2017 Knauf insulation recently announced a £60 million investment in their production capacity to meet increased demand in Europe and North America.
30th October 2017 Owens Corning has signed an agreement with CVC Capital Partners to acquire Paroc Group which is a European manufacturer of mineral wool insulation. This acquisition will help Owens Corning expand its mineral wool product offering and to grow its presence in the European insulation market.
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Global Building Thermal Insulation Market – Competitive Analysis
With the entry of new industry players in the global building thermal insulation segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced product types in the segment. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Effective planning is essential in terms of business development so as to gain maximum returns on investment.
The key players of Global Building Thermal Insulation Market report include- Knauf Insulation, Rockwool International A/S, Johns Manville Inc., Atlas Roofing Corporation, BASF SE, Owens Corning Corporation, Certain Teed Corporation. Some of the other prominent players profiled are Dow Building solutions, Paroc Group, Huntsman International LLC, Saint-Gobain Group, Johns Manville Inc., Knauf Insulation GmbH, GAF Material Corporation, Beijing New Building Material Co. Ltd. and Kingspan Group Plc.
Global Building Thermal Insulation Market - Segments
Global Building Thermal Insulation market is segmented on the basis of Material, Application, End-use, and Region.
On The Basis Of Material: Fiber Glass, Mineral Wool, PU Foam, and Others.
On The Basis Of Application: Residential, Commercial and Others.
On The Basis Of End-Use: Roofs, Walls and Floors.
On The Basis Of Region: North America, Europe, APAC and Rest of the World.
Reasons to Buy
-The study includes detailed market analysis of building thermal insulation market encompassing its markets.
-It covers market segmentation On The Basis Of Material, Basis Of Application, Basis Of End-Use, Basis Of Region.
-It helps in identifying region-wise major suppliers and understand consumption patterns.
-The report will provide useful and premium insights that will support in investments for building thermal insulation and allied companies providing details on the fast growing segments and regions.
-In addition, it will provide key findings that will help the companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.
-The data used in the report is primarily based on primary interviews with the major producing companies and industry experts and also supported by authentic industry data from secondary sources.
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Global Building Thermal Insulation Market - Regional Analysis
North America is expected to grow rapidly by earning exceptionally high by 2021 for global building thermal insulation market. The share is attributed to the increased government support in the form of rebate and other tax benefits to the construction companies. Europe is also expected to grow at a positive CAGR % respectively from 2016 to 2021.
However, APAC is a growing market for global building thermal insulation with its fast growing market worldwide. It will expand at an unmatched CAGR % over the forecast period. The region is expected to show rapid economic and infrastructural growth. With lot of investments in the regions of China and India, the construction sector is growing. The inflow of foreign investment in India further augments the market for pre-engineered building.