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Building Insulation Material Market 2023; Global key Playerare BASF SE, Rockwool International A/S, Owens Corning Corporation, Paroc Group Oy, Lloyd Insulations Limited, Knauf Insulation, Inc., Johns Manville Inc., GlassRock Insulation Company SAE, Saint-

06-15-2018 11:11 AM CET | Industry, Real Estate & Construction

Press release from: Market Research Future (MRFR)

Building Insulation Material Market 2023; Global key Playerare

Market Highlights

Market Research Future published a cooked research report on global building insulation material market. The building insulation material market is expected to grow at a CAGR of around 3.49% during the period, 2017 to 2023.

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.

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.

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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.

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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)

Key Players

 BASF SE
 Rockwool International A/S
 Owens Corning Corporation
 Paroc Group Oy
 Lloyd Insulations Limited
 Knauf Insulation, Inc.
 Johns Manville Inc.
 GlassRock Insulation Company SAE
 Saint-Gobain S.A
 Kingspan Group Plc.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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