Building Insulation Material Market 2018 Global Key Players: Owens Corning Corporation, Paroc Group Oy, Lloyd Insulations, Knauf Insulation, Johns Manville

Market Scenario

The global building insulation material market is expected to witness moderate growth over the forecast period. The growth of building insulation material market is influenced by increased consumption in Asia, increasing FDI in construction, supportive government regulations on building insulation, and supportive government regulations & initiatives to promote construction. Fluctuation in raw material prices and unavailability of skilled labor hinder the growth of the market.

There are various organizations and departments across the globe that govern the application of insulation in construction. This induces the market of building insulation material on a global level. Building Regulations 2010 (U.K.) define significant changes to thermal elements (walls, roofs or floors) and guide the requirement of the thermal insulation of the element to be upgraded to a reasonable standard. In the U.S., bodies such as The American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE), provides certain requirements. The Standard 90.1 energy standard for buildings (except low-rise residential buildings), have minimum requirements for the energy-efficient design of commercial and high-rise residential buildings

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Hence, global building insulation material market is expected to have a market size of USD 30,446.3 million by the end of the forecast period at CAGR of 3.49%.

Key Players

The key players of global building insulation material market are BASF SE, Rockwool International A/S, Owens Corning Corporation, Paroc Group Oy, Lloyd Insulations Limited, Knauf Insulation, Inc., Johns Manville Inc.,
GlassRock Insulation Company SAE, Saint-Gobain S.A, Kingspan Group Plc, and others.

The global building insulation material market has been segmented based on materials, applications, end-users, and regions. Based on materials, glass wool accounted for the largest market share of 33.31% in 2016. On the basis of application, walls had the largest market share in 2016. Based on end-users, residential accounted for the largest market share with a market value of USD 13,422.4 million and is projected to grow at the highest CAGR during the forecast period.

The global building insulation material is highly influenced by the construction sectors in both public and private domain. The construction industry, especially residential and private construction has been able to push the market for building insulation material. There has been an increased disposable income, which boosts the demand for renovation and new construction. The renovation activities are often taken up as a result of the increasing in construction value the aesthetic value of the construction.

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