Building Thermal Insulation Market is expected to reach USD 52.64 billion by 2030 : Cognitive Market Research

Market Overview:
- Building thermal insulation is a technique used to reduce the transfer of heat between the inside and outside of a building. Thermal insulation is designed to keep buildings warm in winter and cool in summer, and to reduce energy consumption and costs associated with heating and cooling.

Summary:
• The Global Building Thermal Insulation Market is projected to grow at a CAGR of 4.6% during the forecast period of 2023-2030.
• The increasing development of green buildings, the increasing focus on energy efficiency and environmental sustainability, rising energy costs, technological advancements, and increasing construction activity are the major driving factor for the growth of the Building Thermal Insulation market.
• Asia Pacific is expected to grow at the fastest CAGR during the forecast period of analysis.

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Market Dynamics:
- The Building Thermal Insulation market is expected to grow due to the increasing development of green buildings, the increasing focus on energy efficiency and environmental sustainability, rising energy costs, technological advancements, and increasing construction activity globally. The global construction industry is experiencing strong growth, specifically in developing countries. As new buildings are constructed, there is an increasing opportunity to incorporate building thermal insulation to improve energy efficiency and reduce operating costs. Thus, the demand for building insulation is increasing, hence, driving the Global Building Thermal Insulation market

Market Segmentation:
Product
• Glass Wool
• Mineral Wool
• EPS
• XPS
• Cellulose
• Others
The EPS product segment held the largest share of the global building thermal insulation market in the year 2022. This is attributed to its rigid and tough, closed-cell foam with excellent dielectric strength, and resistance to chemicals, heat, and moisture.

Application
• Roof
• Wall
• Floor
Based on application, the Floor segment held the major share in the year 2022 owing to the increasing need for strong, and multi-layered foundations including flooring, underlayers, an insulating layer, and a base.

End-Use
• Residential
• Commercial
Based on the end-use segment, the residential segment held the major share of the Building Thermal Insulation Market. This is attributed to the growing residential sector, urbanization, and rising disposable income.

The Major Players in Building Thermal Insulation Market are:
GAF Materials Corporation, Huntsman, Atlas Roofing Corporation, Dow Building Solutions, Owens Corning Corp., Saint Gobain S.A, BASF Polyurethanes GmbH, Guardian Building Products Inc., Johns Manville Corporation, Cellofoam North America Inc., CertainTeed Corporation, Roxul Inc., Byucksan Corporation, Kingspan Group PLC

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News:
- Atlas Roofing Corporation Introduces EnergyShield XR
In February 2023 Atlas introduced EnergyShield XR, the foundation for high-performance building design. The new polyiso insulation product is specifically engineered to provide continuous insulation for foundation walls and under-slab use. EnergyShield XR expands upon its polyiso wall solutions to create a wide portfolio for both commercial and residential applications.

Regional Analysis:
- Asia Pacific Is Expected to Register the Fastest Growth Rate
Asia Pacific is anticipated to witness the fastest growth rate during the forecast period. This is attributed to the expanding construction sector, growing urbanization, industrialization, and technological advancements in this region supporting the growth of the Building Thermal Insulation Market.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Building Thermal Insulation Market
• 3.1 Global Building Thermal Insulation Market Size 2018 - 2030, (USD Million)
• 3.2 Global Building Thermal Insulation Market Statistics 2022: Snapshot
Chapter 4 Global Building Thermal Insulation Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Building Thermal Insulation Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Building Thermal Insulation Industry Mergers and Acquisition Analysis
• 5.2 Global Building Thermal Insulation New Launches Analysis
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Building Thermal Insulation Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Building Thermal Insulation Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Building Thermal Insulation Market by End-Use Segmentation Analysis (2018-2030)
Chapter 11 Global Building Thermal Insulation Market Regional Analysis
Chapter 12 North America Building Thermal Insulation Market Outlook (2018 - 2030)
Chapter 13 Europe Building Thermal Insulation Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Building Thermal Insulation Market Outlook (2018 - 2030)
Chapter 15 Latin America Building Thermal Insulation Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Building Thermal Insulation Market Outlook (2018 - 2030)
Chapter 17 Research Findings

To know more Building Thermal Insulation Market TOC click here: https://www.cognitivemarketresearch.com/building-thermal-insulation-market-report#table_of_contents

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