Press release
Building Thermal Insulation Materials Market will reach at USD 43.45 Billion by 2032t -Atlas Roofing, Beipeng Technology, BNBM Group, Byucksan Corporation, Cellofoam, Dow, GAF, Huntsman International, Jia Fu Da, Johns Manville, Kingspan Group, Knauf Insul
The global building thermal insulation market will grow to USD 43.45 Billion by 2032, at a CAGR of 5.23% from USD 31.34 Billion in 2022. Building thermal insulation is used to reduce the amount of energy required to heat or cool a house and minimize the amount of heat that escapes during the winter and limits the hot summer air to penetrate the house. It is the most cost-effective measure in climate that have a wide range of annual average temperatures. The resistance to heat flow of insulation is measured or rated in terms of its thermal resistance or R-value. The higher the R-value, the higher will be heat resistance and better will be the insulation material.Companies operating in the Building Thermal Insulation Materials
Atlas Roofing, Beipeng Technology, BNBM Group, Byucksan Corporation, Cellofoam, Dow, GAF, Huntsman International, Jia Fu Da, Johns Manville, Kingspan Group, Knauf Insulation, Lfhuaneng, Linzmeier, Owens Corning, Ravago, Recticel, Rockwool International, Saint-Gobain, Steinbach, Taishi Rock, TECHNONICOL Corporation, UNILIN Insulation, URSA
Glass wool was the second-largest material of building thermal insulation market, in terms of value, in 2021"
Glass wool insulation materials are produced in a variety of densities according to applications. The varying densities result in varying levels of thermal conductivity. It is one of the key types of insulation materials that are used currently in the building industry. The various advantages of glass wool are that it is suitable for temperatures ranging between -195°C and 230°C and provides high resistance value (R-Values) for optimal comfort for every climate and thus helps to maintain stable temperatures. In addition, it has lightweight, non-combustible, high tear strength, and corrosion-resistant properties.
"Roof insulation was the second-largest application of building thermal insulation market, in terms of value, in 2021"
There are various kinds of roof insulating materials with different densities and thickness. According to the roof's requirements and the climatic condition prevalent in the given area, the insulating material is to be chosen. In hot climatic regions, higher density insulating material is required to prevent overheating of the pitched roof. The materials used for roof insulation include stone wool, PUR & PIR foam, EPS foam, and XPS foam.
"Non-residential was the second-largest building thermal insulation building type in 2021 in terms of value"
Non-residential buildings are structures not used for dwelling purposes. It comprises industrial, commercial, and other buildings. Non-residential buildings use insulation for thermal and acoustic applications. The major type of insulation material used in non-residential buildings includes EPS foam, XPS foam, PIR foam, PUR foam, glass wool, rock wool, and phenolic foam.
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On the basis of material, the building thermal insulation market has been segmented as follows:
Glass Wool
Stone Wool
Plastic Foam
Others
On the basis of application, the building thermal insulation market has been segmented as follows:
Wall Insulation
Roof Insulation
Floor Insulation
On the basis of building type, the building thermal insulation market has been segmented as follows:
Residential
Non-Residential
Recent Developments:
In March 2022, Knauf Gips KG has officially opened a new Glass Mineral Wool thermal insulation recycling facility with an investment of USD 12.5 million in Vise, Belgium, paving the way for an exciting new recycling service for the construction and deconstruction industry.
In February 2022, Kingspan Group announced the completion of its acquisition of THU PERFIL SL, the Valencian firm specializing in metal ceiling profile. THU has decades of experience in ceilings, roofing, drywall and partition profile manufacturing.
By the product type, the market is primarily split into:
Rock Wool, Glass Wool, EPS/XPS, PU/PIR.
By the end-users/application, this report covers the following segments:
Wall, Roof, Floor
The global building thermal insulation market will grow to USD 35.3 billion by 2027, at a CAGR of 4.7% from USD 28 billion in 2022.
The use of building thermal insulation has witnessed significant growth because of the increasing requirement for improved heating and cooling comfort and better fire resistance of building thermal insulation materials, such as glass wool, stone wool, and plastic foams. The key factors driving the building thermal insulation market are the recovery in new construction of residential and non-residential buildings worldwide.
Plastic foam material is projected to be the fastest-growing type of building thermal insulation market during the forecast period
By material, the building thermal insulation market is classified into glass wool, stone wool, plastic foam, and others. Plastic foam is estimated to dominate the market during the forecast period due to its increasing use in external facade insulation, external wall insulation, sandwich panel, and cavity wall insulation. The higher compressive strength and energy efficiency of plastic foam, especially EPS foam, is estimated to drive its demand in building thermal insulation.
Roof insulation application is estimated to be the second largest application in building thermal insulation market, in terms of value, in 2021
By application, the building thermal insulation market is segmented into wall insulation, roof insulation, and floor insulation. Roof insulation is projected to be the second largest application of building thermal insulation between in 2021. The increase in construction of non-residential buildings, such as industrial, commercial, educational, and healthcare buildings, is expected to drive the demand for roof insulation, globally.
Table of Contents
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Vessel Monitoring System Software Revenue
1.4 Market Analysis by Type
1.4.1 Building Thermal Insulation Materials Size Growth Rate by Type: 2020 VS 2028
1.5 Market by Application
1.5.1 Building Thermal Insulation Materials Share by Application: 2020 VS 2028
1.6 Study Objectives
1.7 Years Considered
1.8 Continue…
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This report tends to a couple of key requests:
• What is the by and large expected advancement of around the world Building Thermal Insulation Materials after Coronavirus vaccination or treatment is found?
• What are the new essential methodologies that can be executed post-pandemic to remain merciless, agile, client driven, and helpful in the around the world Building Thermal Insulation Materials?
• Which unequivocal regions are depended upon to drive improvement in the around the world Building Thermal Insulation Materials?
• What are key government approaches and interventions did by driving around the world Building Thermal Insulation Materials countries to help with advancing gathering or improvement of Vessel Monitoring System Software.
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