Press release
Thermal Insulation Market Share, Trends Growth, Analysis, Opportunities and Market Forecast 2023-2030
The trend toward sustainability and environmental friendliness has an impact on the creation and use of green insulation materials. Since these materials usually comprise recycled material, natural fibers, or renewable resources, their environmental impact is mitigated.
The technology and materials utilized in the thermal insulation industry are always evolving. Manufacturers are developing innovative insulating materials that are more environmentally friendly, fire resistant, and have better thermal resistance. These technological advancements not only increase the effectiveness of thermal insulation but also support the growth of the industry as a whole as individuals and businesses search for better options.
Thermal Insulation Market Size and Growth Analysis
The Global Thermal Insulation Market reached US$ 68.9 billion in 2022 and is expected to reach US$ 119.5 billion by 2030, growing with a CAGR of 6.2% during the forecast period 2023-2030.
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Thermal Insulation Market Dynamics and Trends
Customers are starting to realize how important it is to insulate homes and other structures adequately. It acknowledges that well-insulated walls and roofs can reduce energy use, improve comfort, and lessen environmental harm. According to the Environmental Protection Agency (EPA) of the United States, buildings' heating and cooling systems account for 43% of all energy used in the nation, which significantly contributes to air pollution and greenhouse gas emissions.
Thus, effective building insulation is necessary to reduce pollutants, air pollution, and overall energy usage. Insulating walls and roofs can reduce a building's heating and cooling costs by 45% to 55%.
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Thermal Insulation Market Segment Analysis
By Product
By Temperature Range
By Material
By End-User
By Application
By Region
Major Companies Covered
Johns Manville Corporation, Saint-Gobain S.A., BASF SE, Kingspan Group plc, Knauf Insulation, Inc., Owens Corning, Huntsman Corporation, Rockwool International A/S, Firestone Building Products Company and Cabot Corporation.
Trending Report
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Refrigeration Insulation Materials Market: https://www.datamintelligence.com/research-report/refrigeration-insulation-materials-market
Medical Foam Market: https://www.datamintelligence.com/research-report/medical-foam-market
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