According to the recent study the global Building Thermal Insulation Market is projected to reach an estimated $55 billion by 2030 from $39 billion in 2023 at a CAGR of 5% 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 global 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.
Lucintel forecasts that
the fiberglass material segment is likely to experience the highest growth
during the forecast period due to its environment-friendly and better
flame-retardant properties.
Residential is expected
to remain the largest market by value and volume. Growth in housing demand and
increasing awareness of energy efficiency would spur growth for this segment
over the forecast period.
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 because of
increasing awareness of energy efficiency and growth in housing demand.
Owens Corning, Kingspan
Group, Saint-Gobain, Rockwool, BASF are among the major building thermal
insulation providers.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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