October 3, 2018 - 8:19 AM EDT
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$32.2 Billion Building Thermal Insulation Markets: Global Analysis by Material, Application, Building Type and Region - Forecast to 2023 - ResearchAndMarkets.com


The "Global Building Thermal Insulation Market - by Material, Application, Building Type, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering.

The global building thermal insulation market is forecasted to reach 32.3 billion USD by 2023 from 25.6 billion USD in 2017 with a CAGR of 3.95% during the period.

Rising energy costs and growing awareness regarding energy conservation are the key factors driving the market. The introduction of various policy and regulations supporting the demand of insulation in residential and commercial buildings is also fueling the market growth. However, fluctuating crude oil prices that influence the plastic foam usage and increasing health concerns, which includes prolonged exposure to polyurethane foam leading to asthma and breathing problems, will hamper the market growth.

In 2017, North America had the largest market share owing to stringent regulations related to energy conservation and reduction of carbon footprint, particularly in United States. Europe will have major market share in the coming years due to increasing energy costs and high awareness regarding the benefits of insulation. On the other hand, Asia Pacific will be fastest growing region due to increasing government spending in construction of public and commercial infrastructure in emerging economies like India, China and Japan.

Industry Trends & Updates

  • In March 2017, Ashburton Ventures entered the vacuum insulation panel (VIP) market in partnership with ZMM Canada Minerals, targets the construction market.
  • In January 2018, ROCKWOOL announced the setup of its new manufacturing facility in West Virginia, the United States. In October this year, the construction of the facility is expected to begin, on the 130-acre site in the City of Ranson, with initial production of ROCKWOOL's stone wool insulation.
Companies Profiled
  • Saint-Gobain
  • Kingspan Group
  • CertainTeed
  • Huntsman
  • Johns Manville
  • Owens Corning
  • DowDuPont
  • Knauf Insulation
  • Rockwool
  • Paroc
  • Llyod Insulations
  • Demilec
  • Firestone
  • Cabot
  • Covestro
  • and more...

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Building Thermal Insulation Market Segmentation, Forecasts and Trends - by Material

6. Global Building Thermal Insulation Market Segmentation, Forecasts and Trends - by Application

7. Global Building Thermal Insulation Market Segmentation, Forecasts and Trends - by Building Type

8. Global Building Thermal Insulation Market Segmentation, Forecasts and Trends - by Region

9. Company Market Share Analysis

10. Company Profiles

11. Industry Structure

12. Global Building Thermal Insulation Market - The Road Ahead

For more information about this report visit https://www.researchandmarkets.com/research/ct25th/32_2_billion?w=4

Laura Wood, Senior Manager
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Related Topics: Insulation

Source: Business Wire (October 3, 2018 - 8:19 AM EDT)

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