Press release
Building Thermal Insulation Market 2020 Top Trends By Industry Players BASF, Johns Manville, CertainTeed, Atlas Roofing corporation, Owens Corning Corporation, Knauf Insulation, Kingspan Group
Building Thermal Insulation Market
Strong demand for energy efficient buildings with rising energy consumption across the globe is expected to propel the building thermal insulation market. Increasing adoption of sustainable technologies for reducing the greenhouse gases, hot weather conditions are the key driving factors for the industry development. Rising consumer consciousness pertaining to electricity savings and reduction of carbon footprints is anticipated to propel building thermal insulation market over forecasted time period.
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The global building thermal insulation market is dominated by wool materials including glass wool & stone wool accounting for around 50% volume share in 2018. Positive applications outlook owing to high thermal conductivity and compression strength will drive product sales. The stone wool and glass wool are nonflammable in nature and are widely used as insulating material across industrial and commercial sectors. Additionally, they possess excellent resistant characteristics along with higher absorbility.
The residential segment is expected to hold over 56% market share up to 2025.Increasing purchase power of customers along with their awareness to minimize the carbon footprints and energy savings are playing a major role in adoption of thermal padding products in the residential segment.
Continuous focus on preventing the heat flow from one side of insulation to another side in buildings and small houses is propelling the demand of the thermal padding products. Improvements in building, delivering of good level thermal padding will positively influence market growth over the forecast timeframe.
Market Growth Drivers -
o Greenhouse gas emission reduction
o Tough government carbon targets
o Increasing demand for energy requirement
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Asia Pacific is anticipated to witness significant growth at over 6% in terms of revenue up to 2025, owing to the rapid expansion of construction & industrial sector. The rising demand for renovation of shopping malls, convenience stores and groceries shop have attributed to the increasing demand of building thermal padding products. Industry players are continuously investing in R&D to develop extruded polystyrene padding for wall furring, cavity wall which enhances the product segment in the commercial segment.
Market Segmentation:
Know about Market growth in New Research and its Top growing factors by Key Companies like
BASF SE, Guardian Building Products, Huntsman International LLC, Johns Manville, CertainTeed, Cellofoam North America. Inc, Atlas Roofing corporation, Neo Thermal Insulation (India) Pvt. Ltd., Owens Corning Corporation, Paroc Group, Dow Building Solutions, Knauf Insulation, Lixil, Rockwool International A/S, Saint Gobain S.A, Tasman Insulation New Zealand Ltd., Beijing New Building Material (Group) Co. Ltd., GAF, Kingspan Group, Lloyd Insulations (India) Limited, URSA Insulation
Comprehensive Review of Market Growth, Applications, and Future Prospects
o Wall Insulation [Internal Wall, External Wall, Air Cavity Wall],
o Roof Insulation [Flat Roof, Pitch Roof],
o Floor Insulation
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