A report on the Building Thermal Insulation Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Building Thermal Insulation Market. The historic years considered for the study are 2015-2020 the base year is 2021, and the forecast period is 2021-2026.
The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.
Building Thermal Insulation Market is likely to witness a CAGR of 9.8% during the forecast period. The prime factors that are driving the building thermal insulation market are the expanding global construction industry and the increasing demand from the automotive industry.
The Market is segmented by Material Type (Stone Wool, Glass Wool, Plastic Foam (Polystyrene and PUR & PIR), and Others), by Application Type (Roof Insulation (Flat Roof & Itched Room), Wall Insulation (External Wall Insulation, Internal Wall Insulation, and Cavity Wall Insulation), and Floor Insulation), by Building Type (Residential Building, Non-residential Building), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Building Thermal Insulation Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.
The report delivers a detailed view of the industry based on Building Thermal Insulation Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Covid-19 Impact analysis.
- Market environment analysis: Growth drivers and constraints, and SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive Market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.
Key Segments Building Thermal Insulation Market Report Covers:
Based on the material type, the market is segmented as stone wool, glass wool, plastic foam, and others. The plastic foam segment dominated the market in 2019, and is expected to maintain its position during the forecast period. Higher thermal resistance (R-Value), versatility, strength, and life span are some of the major features leading to the dominance of the segment in the global market.
Based on the application type, the building thermal insulation market is segmented as roof insulation, wall insulation, and floor insulation. The wall insulation segment held the largest share of the market in 2019, and is expected to witness a healthy growth during the forecast period. Rising demand for energy-efficient buildings along with maximum loss of energy through building walls are the major factors behind the dominance of the wall insulation segment.
Based on the building type, the building thermal insulation market is segmented as residential building and non-residential building. The residential building segment holds the larger share of the market and is also expected to witness a healthier growth during the forecast period. Revival of the construction industry from subprime crises and euro-debt crises along with significant economic development in the Asia-Pacific region are the major factors driving the growth of residential building.
In terms of regions, North America is estimated to be the largest market for building thermal insulation during the forecast period. Significant demand from various end-use industries and the presence of major players in the region are the key factors behind the dominance of the region in the global building thermal insulation market. Asia-Pacific is expected to witness the highest growth during the forecast period. China, Japan, South Korea, and India are the driving forces of the region’s market.
According to the report, brands or companies that are leading globally in this Market are –
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The residential building segment is expected to witness healthier growth in the building thermal insulation market during the forecast period.
Johns Manville Corporation, Saint-Gobain S.A., BASF SE, Kingspan Group plc, Knauf Insulation, Inc., Owens Corning, Huntsman Corporation, Rockwool International A/S, Firestone Building Products Company, Cabot Corporation, Dow Chemical Company, Covestro AG, URSA Insulation, S.A., Paroc Group Oy, Atlas Roofing Corporation, GAF Materials Corporation, Lapolla Industries, Inc., Beijing New Building Material (Group) Co., Ltd., NICHIAS Corporation, Fletcher Building Limited, ODE Industry and Trade Inc., Aspen Aerogels, Inc., Trocellen GmbH, Recticel SA, and KCC Corporation are among the key players in the building thermal insulation market.