Tax benefits, stringent government environmental norms, and increase in new constructional activities to increase global roof insulation market growth.
Sarasota, FL -- (SBWIRE) -- 06/26/2017 -- Zion Market Research, the market research group announced the analysis report titled "Roof Insulation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Roof Insulation Market: Overview
Roof insulation is used to prevent transmission of electricity, moisture, heat, sound and shock from one medium to another. It helps to reduce noise pollution, increases comfort, lowers energy cost and maintains a healthy environment. Insulation has become an important part of roof assembly and functions in accordance with the structural deck and membrane. It keeps the house warmer in winter and cooler in summer, reduces gas and electricity bills, reduces noise from outside and helps to lower carbon footprint in houses.
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Global Roof Insulation Market: Growth Factors
Some of the major factors responsible for the global roof insulation market growth are tax benefits, stringent government environmental norms and increase in new constructional activities. However, lack of awareness about proper insulating materials and slow growth in the construction segment are restraining the global market growth. Some of the prominent factors that drive the global market include the entrance of the new companies with competitive price for insulation and roofing materials and the increasing interest towards the energy-efficient building in the construction sector. Moreover, increased demand for insulating materials in extreme weather countries will foster the growth of the global roof insulation market.
Global Roof Insulation Market: Segmentation
The global roof insulation market is segmented based on the application as pitched roof and flat roof. Based on types, the global market is classified as reflective systems, batts & rolls and rigid insulation. Of these, batts & rolls segment is the dominating segment across the globe. It provides proper insulation, is cost effective and is also easy to use. Batt insulation is available in the form of pre-cut panels and rolls. Owing to its flexibility easy installation is made between studs and joists blocks with no gaps. Batts & rolls roof insulation is capable of lowering the amount of energy, which is essential to cool, and heat the home by 50%. On the basis of material, the global roof insulation market is segmented as plastic foam, stone wool, and glass wool. Of these, glass wool is the leading segment and highly preferred material for roof insulation across the world and is expected to continue its growth in the near future. It is non-degradable, less expensive and non-combustible along with excellent mechanical and thermal properties.
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Global Roof Insulation Market: Regional Analysis
Europe is the dominating region for roof insulation market; increase in residential and non-residential construction in this region anticipates fostering the global roof insulation market growth. North America is the second largest market growing at a faster rate due to growth in industrialization. The roof insulation market in Asia Pacific is experiencing higher growth in the near future. Environmental concerns regarding buildings and energy savings in the countries such as China and India gives rise to the global roof insulation market.
Global Roof Insulation Market: Competitive Players
Some of the key players in the global roof insulation market are Knauf Insulation GmbH, Owens Corning Corporation, Saint-Gobain and Rockwool International A/S.
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Global Roof Insulation Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa