Global Building Thermal Insulation Market to grow at 5.3% CAGR till 2026

The building thermal insulation market is predicted to gain substantial revenue growth on account of rising imposition of stringent federal policies and norms pertaining to environmental welfare. Thermal insulation comes as a sustainable alternative for heating among commercial and residential spaces that ensure minimum GHG emissions. 

Building insulation materials provide higher energy efficiency than conventional wooden framed and concrete constructions. According to the U.S Environmental Protection Agency, integrating thermal insulation can save up to 15% of cooling and heating costs. Insulation materials like ICF systems help infrastructures lower their dependence on active heating & cooling solutions across semitropical and tropical regions. 

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These insulations also help out in reducing a load of operating air conditioners as minimal temperature change eliminates the heavy use of air conditioners. This has encouraged several people to implement thermal insulations in their facilities. Citing an instance, Thornton’s South Square community and arts hub decided to hire Dobson Construction Ltd. to complete the restoration and insulation activity in the building. Considering such aspects, Global Market Insights, Inc., estimates that the building thermal insulation market might surpass USD 31 billion by the year 2026.

How will imposed carbon emission norms augment thermal insulation business outlook?

Numerous governments around the world are implementing strict carbon emission standards which go in accordance with the commitments made at the UN Framework Convention on Climate Change. Rising focus on curbing the effects of global warming coupled with the imposition of progressive federal initiatives to lower carbon emissions could propel the demand for structural insulation panels. 

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What are the benefits of floor insulation?

Floor insulation is often carried out by deploying insulation materials under floorboards, usually on the ground floor of the house. Regions like North America and Europe have strict regulatory norms for residential and commercial complexes that emphasize on sustainable development. This could drive the adoption of efficient floor insulations within these regions. Floor insulations minimize the chances of heat escaping from the floor. Estimates suggest that the segment could attain a CAGR of 3.6% within the predicted timeframe. 

Why is the APAC building thermal insulation industry gaining immense traction?

Rapid expansion of the urban sector coupled with increasing federal spending on infrastructure could strengthen the demand for building insulation across Asia Pacific. The region is likely to face a growth in energy consumption as more citizens adopt eco-friendly building insulation products. Back in 2019, the region had controlled almost 20% revenue share and is set to record strong growth in the coming years.

State-run authorities are promoting the use of thermal insulations in modern buildings. Citing an instance, in 2020, Indian Prime Minister, Narendra Modi inaugurated multi-storey flats for the ministry members which come with double glazed windows for thermal insulation and energy efficiency as well as fly ash-based bricks.

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Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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