Stringent Regulations and Policies Forecasted to Stimulate the Global Building Insulation Market Growth

Inkwood Research anticipates that the Global Building Insulation Market is evaluated to register a CAGR of 3.64% in terms of revenue and 3.35% in terms of volume during the forecasted years of 2022-2030.

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Building insulation materials are employed to decrease the amount of energy required to heat or cool a building. The materials help minimize hot air penetration during summers and the escape of heat in winters. The use of building insulation material is a cost-effective approach to decrease carbon footprint, as well. In addition to utilizing less energy to maintain a certain temperature, they also limit the conduction of heat to the external environment.

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Strict Regulations and Policies to Propel Market Growth

Stringent government policies and regulations associated with energy-efficient buildings, especially in developed countries like the United Kingdom, the United States, and Germany, are anticipated to propel the demand for building thermal insulation materials. Building codes are highly essential for insulation, integrated with several other building materials. In terms of insulation, building codes regulate the E-value necessitated for diverse structures. Hence, to acquire the R-value and fulfill specific energy demands for buildings, builders and contractors utilize a diverse range of insulation materials.

Reducing carbon footprints as well as energy conservation are among the major concerns across many developed countries in North America and Europe. In this regard, the Department of Energy (DOE), the United States, introduced the Federal Energy Management Program (FEMP) to regulate the energy-efficient standards for buildings, as deemed necessary by the Energy Conservation and Production Act (ECPA).

Ceiling & Attic is the Leading Application in Terms of Revenue

Ceilings in buildings are a significant source of heat penetration from the direct rays of the sun. As a result, they need adequate insulation to maintain an optimal temperature. Moreover, pitch ceilings, as well as patch ceilings, are used in roofing during the construction of buildings.

Flat ceiling insulation is compatible with the traditional built-up ceiling, modified bitumen systems, and loose-laid and attached single-ply membranes. In contrast, pitch ceiling insulation is used for loft conversions, new ceilings, and refurbishing a ceiling. It can be easily installed over and between rafters or under and between rafters, based on the preference.

North America Dominated the Market in Terms of Volume and Revenue in 2021

Insulation materials are set to witness lucrative growth opportunities in North America during the forecast period, owing to the augmenting concept of green buildings. The region's market growth is primarily fueled by the rising demand for building insulation from commercial and residential end-users.

The intense competition within the global market increases the threat of rivalry. The low switching cost among customers makes the industry more competitive. Therefore, industrial rivalry is expected to be high in the upcoming years. Some of the key companies operating in the market are BASF, Saint-Gobain SA, Owens Corning, etc.

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About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

This release was published on openPR.