The global building thermal insulation market is projected to reach $40.5 billion by 2027, at a CAGR of 4.6% during 2022-2027. The growth of building thermal insulation market is driven by growth in building and construction industry and stringent government regulations for reduction of greenhouse gas emission and to increase energy efficiency.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the 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)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the building thermal insulation market?
Q.4 What are some
changing demands of customers in the building thermal insulation market?
Q.5 What are the new
developments in the building thermal insulation market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this building thermal insulation area and
how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this building thermal insulation market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include shift towards
greener insulation alternatives and increasing demand for high-temperature
thermal insulation.
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Market Segmentation:
Based on material, the
building thermal insulation market is segmented into plastic foam, fiberglass,
stone wool, and others. The fiberglass segment is accounted for the largest
share of the market in 2021 and witness the highest growth in the forecast
period due to its environment-friendly and better flame-retardant
properties.
Europe is expected to be
the largest region 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.
Key Players in the building
thermal insulation market are Owens Corning, Kingspan Group, Saint-Gobain,
Rockwool, and BASF.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/building-thermal-insulation-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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