According to a new market report published by Lucintel, the future of the global building thermal insulation market looks promising with opportunities in residential and non-residential buildings. The global building thermal insulation market is expected to reach an estimated $40.5 billion by 2027 with a CAGR of 4.6% from 2021 to 2027. The major drivers for this market are growth in the building and construction industry and stringent government regulations for reduction of greenhouse gas emission and to increase energy efficiency.
In this market, stone wool, fiberglass, plastic foam, and others are used as materials. 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
Within the building thermal insulation market, residential is expected to remain the largest end use 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 reduce 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.
The emerging trends, which have a direct impact on the dynamics of the building thermal insulation industry, include shift towards greener insulation alternatives and increasing demand for high-temperature thermal insulation. Owens Corning, Kingspan Group, Saint-Gobain, Rockwool, and BASF are among the major suppliers of building thermal insulation.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global building thermal insulation market by material, end use industry, application, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Building Thermal Insulation Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global building thermal insulation market by application, material, end use industry, and region as follows:
By Material [Kilotons and $M shipment analysis from 2016 to 2027]:
Plastic Foam
Fiberglass
Stone Wool
Others
By End Use Industry [Kilotons and $M shipment analysis from 2016 to 2027]:
Residential
Non- Residential
By Application [Kilotons and $M shipment analysis from 2016 to 2027]:
By Region [Kilotons and $M shipment analysis from 2016 to 2027]:
North America
Europe
Asia Pacific
The Rest of the World
This 180-page 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 click on this link…… or helpdesk@lucintel.com.
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.
This report answers following 11 key questions:
Q.1: What are some of the most promising, high-growth opportunities for the 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)?
Q. 2. Which segments will grow at a faster pace and why?
Q.3: Which regions will grow at a faster pace and why?
Q.4: What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5: What are the business risks and threats to the market?
Q.6: What are the emerging trends in this market and reasons behind them?
Q.7: What are some changing demands of customers in the building thermal insulation market?
Q.8: What are the new developments in the market? Which building thermal insulation companies are leading these developments?
Q.9: Who are the major building thermal insulation suppliers? What strategic initiatives are being implemented by key players for business growth?
Q.10: What are some of the competitive products and processes of building thermal insulation companies in this area and how big of a threat do they pose for loss of market share via materials / product substitution
Q.11: What are M & A activities did take place in the last five years in this market? What reasons can be attributed to these activities and how have they impacted the industry?