Market
Highlights
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.
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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.
The industry
faces a shortage of skilled workers. It has been seen that there is a lack of
experienced and trained workers and officers, required for the growth of the
industry. This is also the reason for the concentration of manufacturing
facilities in few regions. This might hamper the market growth in the long run.
Global Key
Players:
Ø
BASF SE
Ø
Rockwool International A/S
Ø
Owens Corning Corporation
Ø
Paroc Group Oy
Ø
Lloyd Insulations Limited
Ø
Knauf Insulation, Inc.
Ø
Johns Manville Inc.
Ø
GlassRock Insulation Company
SAE
Ø
Saint-Gobain S.A
Ø
Kingspan Group Plc.
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.
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.
Global
Building Insulation Material Market, By Material
- Stone Wool
- Glass Wool
- EPS
- XPS
- Others
Global
Building Insulation Material Market, By Application
- Walls
- Roofs
- Floors
Global Building
Insulation Material Market, By End-user
- Commercial
- Residential
Global
Building Insulation Materials Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest Of the World (ROW)
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