Building Insulation Material Global Market Projected To Grow Radiantly By 2021; Asserts MRFR

Market Research Future published a half cooked research report on “Global Building Insulation Material Market Research Report - Forecast to 2021”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.

Global Building Insulation Material Market - Overview
The global building insulation material market is driven by the increased aesthetic sense of construction and reduced heating & cooling costs. There is an increased usage of building insulation material due to the increased energy saving practices which results in reduced greenhouse emissions. The increased demand for building insulation material is also driven by the growing application across residential and non-residential construction.

Global building insulation material market is segmented on the basis of Material used, Application, End-use, and Region. On the basis of Material used it is segmented as Stone Wool, Glass Wool, EPS, XPS, and others. On the basis of Application it is segmented as Walls, Roofs and Floors. On the basis of End-use it is segmented as Commercial, Residential, and others. Additionally on the basis of Region, it is segmented as North America, Europe, APAC and Rest of the World.

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Insulation, being an important technology and its utilization in reducing energy consumption in buildings by preventing heat gain/loss through them have gained popularity over years, especially in emerging nations. Climatic conditions often influence the type of insulation. There are various materials used for insulation which have low thermal conductivity, often less than 0.1W/mK. Polyurethane foam, mineral wool, polyethylene, polyvinyl chloride, expanded polystyrene, and extruded polystyrene are the various types of insulation materials. These materials have no purpose other than to save energy and protect and provide comfort to occupants.

Key Players:
BASF SE, Rockwool International A/S, Lloyd Insulations (India) Limited, Knauf Insulation, Johns Manville Inc., Owens Corning Corporation, GlassRock Insulation Company SAE, Paroc Group, Saint-Gobain S.A, GAF, PPG Industries Inc., Kingspan Group Plc, and Beijing New Building Material Co. Ltd. are some of the prominent players at the forefront of competition in the global building insulation material market and are profiled in MRFR Analysis.

Global Building Insulation Material Market - Competitive Analysis
The market is seen driven by leading players in the insulation materials market and the players have adopted various strategies to expand market share. The market is expected to gain popularity and thus lot of small and medium sized firms are seen entering the market. Furthermore the collaboration with various new technology concepts of smart building and green building have induced the market growth.

ecoSPEARS announced today that it received an exclusive license from NASA to use their Sorbent Polymer Extraction and Remediation System (SPEARS) to permanently clean up the world’s most pervasive and persistent toxins, including polychlorinated biphenyls (PCBs), from water and land. Developed in 1929, PCBs were widely used across the world as a flame retardant in everyday goods, including in the insulating material in electrical equipment such as transformers and capacitors, and also in heat transfer fluids and lubricants.

Mitsubishi Electric Corporation announced that it would launch a new integrated Station Energy Saving Inverter (S-EIV) with 400V AC-output for converting surplus regenerative energy from train braking into AC electricity for station facilities. The new 400V AC S-EIV facilitates easy installations and more energy-efficient operations, even at train stations with high-load demands of 400V power distribution circuits. The company also announced that the new S-EIV will be installed at Tokyo Metro Co. Ltd. train stations serving urban Tokyo. The new S-EIV offers 400V AC-output with the same dimensions as its 200V AC predecessor. Also, its new multifunctional step-up transformer acts as a filter reactor to reduce harmonics in AC output. Front access for easy cabling and maintenance enables diverse installation options.

BASF and SoloPower Systems, a photovoltaic technology company, today officially launched the seamless and multi-layered roofing system that is an interface between a building and the environment. The development of the multi-layered system promises considerable opportunities for cost-effective energy generation and energy saving. It combines energy efficiency, power generation, waterproofing and water harvesting, which adds proven value to the bottom line of manufacturing, industrial and commercial businesses.

Global Building Insulation Material Market - Segments
Global Building Insulation Material Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.

Segmentation By Material: Comprises – Stone Wool, Glass Wool, EPS, XPS, and others

Segmentation By Application: Comprises – Walls, Roofs and Floors

Segmentation By End-use: Comprises – Commercial, Residential, and others

Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World

Global Building Insulation Material Market - Regional Analysis
The North American region leads with highest share in the building thermal insulation market in 2016, in terms of value. With increased concerns over improving efficiency in buildings drive the demand for building thermal insulation, and the growing demand for green buildings have driven the demand for building thermal insulation in the region. Furthermore the growth in private construction in the US due to the demand for single-family homes is another factor that drives the demand for building thermal insulation material.

The strict building codes and regulations in Europe and North America, along with the popularity of Nearly Zero Energy Buildings (NZEB) globally, drive the demand for building insulation material market.

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However major investment in building insulation material market is seen in APAC countries. The region is expected to witness staggering growth in the forecast period. The governments are seen promoting the concept and also offer flourishing markets to the international companies to push the market. The region is seen investing in construction industry along with technology and material to enhance the solutions in the industry. This is expected to drive the fast growth in the region.

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This release was published on openPR.