According to the recent study the Building Thermal Insulation Market is projected to reach an estimated $55 billion by 2030 from $39 billion in 2023 at a CAGR of 4.9% from 2023 to 2030. Growth in this market is primarily driven by growth in building and construction industry and stringent government regulations for reduction of greenhouse gas emission and to increase energy efficiency.
Browse 150 figures/charts
and 70 tables in this 180-page report to understand trends, opportunities and
forecast in building thermal insulation market by material (plastic foam,
fiberglass, stone wool, and others), application (walls, roofs, and floors),
end use (residential and non-residential), and region (North America, Europe,
APAC and ROW).
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Building Thermal Insulation Market.
“Fiberglass market is expected to remain the largest segment
during the forecast period.”
Based on material, the
building thermal insulation market is segmented into plastic foam, fiberglass,
stone wool, and others. Lucintel forecasts that the fiberglass market is
expected to remain the largest segment due to its environment-friendly and
better flame-retardant properties.
“Within the building thermal insulation market, the residential
segment is expected to remain the largest end use industry.”
Based on end use
industry the residential segment is expected to witness the highest growth over
the forecast period due to growth in housing demand and increasing awareness of
energy efficiency would spur growth for this segment over the forecast period..
“Europe will dominate the building thermal insulation market in
near future.”
Europe is expected to
remain the largest market due to stringent government regulations to lower
energy consumption and reduction in greenhouse gas emissions. Asia Pacific is
expected to witness good growth over the forecast period because of increasing
awareness of energy efficiency and growth in housing demand.
Major players of
building thermal insulation market are adopting various growth strategies like
new product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Owens
Corning, Kingspan Group, Saint-Gobain, Rockwool, BASF, Huntsman, DOW, Johns Manville
are among the major building thermal insulation providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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