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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