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At a CAGR of 4.5% between 2023 and 2030, the global market for building thermal insulation is expected to expand from its 2021 value of USD 30.05 billion to a total of USD 44.65 billion.
Thermal insulation is essential in the construction business because it prevents heat from escaping through walls and ceilings. With a thermal conductivity of less than 0.2 W/mK, insulation products for buildings are a great way to keep warm air in and cold air out of a building. They aid in energy savings and provide extra structural support, especially in roofing applications. The benefits of effective thermal insulation have been recognised by governments, which is why minimum insulation levels have been made a regulatory requirement. For instance, as of July 2019, all rental homes in New Zealand must have ceiling and underfloor insulation installed in accordance with the country's Residential Tenancies Act. There will be a greater need for thermal insulation as people and businesses become more conscious of the importance of reducing their energy consumption. Increased focus on energy efficiency, as well as tough government rules aimed at cutting energy use and greenhouse gas emissions, will fuel this expansion.
Material Analysis
Plastic foam insulation is the most popular and rapidly expanding market niche. Plastic foam insulation is the industry standard because of its high R-value, wide range of applications, and simple installation. Plastic foam insulation is ideal for a wide variety of insulation needs since it is lightweight and flexible, making it easy to handle and install. Increasing investments in residential and commercial construction projects, as well as increased urbanisation, create a favourable setting for the expansion of the industry.
Structure-Based Analysis
The sheer number of residential development projects around the world makes residential buildings the largest section of the building thermal insulation market. The desire for energy efficiency, comfort, and lower heating or cooling expenses is primarily driving the need for thermal insulation in residential structures. Energy efficiency standards and construction regulations have been implemented by governments and regulatory agencies in many countries, making the installation of thermal insulation in homes a legal requirement.
However, the market for thermal insulation in buildings is expanding most quickly in the commercial and institutional sector. The worldwide boom in institutional, commercial, and industrial building projects is to blame. In addition to saving money and making people more comfortable, thermal insulation can also help optimise HVAC systems and maintain consistent indoor temperatures.
Drivers
An Urbanisation And Construction Boom
Approximately half of the global construction market is located in Asia and the Pacific. The building thermal insulation market is expected to grow as a result of rising incomes, increased urbanisation, and improved transportation networks in the region.
Greenhouse gas emissions have increased dramatically as a result of ongoing industrialisation processes. The urgency of addressing energy usage and lessening environmental effect is growing as a result. This trend is anticipated to increase demand for thermal insulation solutions across a wide range of manufacturing settings.
Restraints
Insulation Materials and Their Potential Health Effects
Stone and glass wool, two common types of thermal insulation, have been linked to a variety of health issues, including respiratory and ocular irritation. As a result of the release of carcinogenic compounds during production, polymer-based insulating materials are subject to severe regulations. Constant difficulties posed by health and environmental concerns are expected to restrain market growth during the forecast period.
Some types of wall insulation present serious dangers to human health. Asbestos, for instance, is a known carcinogen that has been linked to both lung and stomach cancers. Another frequent insulation material is fibreglass, which can irritate the skin because of the binding chemicals used in its manufacture.
Important Developments in the Market
Sustainable and environmentally friendly insulation products are becoming increasingly popular in the building thermal insulation sector. There is an increasing trend for insulation products that have less influence on the environment as environmental concerns and energy conservation gain prominence. Insulation materials derived from renewable or recycled resources, such as recycled plastic, natural fibres, and bio-based foams, are becoming increasingly popular as a result of this trend. In addition, efforts are being made to lessen the environmental impact of the insulating industry.
Report Coverage
Global Building Thermal Insulation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Building Thermal Insulation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Building Thermal Insulation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Building Thermal Insulation market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Building Thermal Insulation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Building Thermal Insulation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF (Germany), Cellofoam North America Inc. (U.S.), DuPont (U.S.), Knauf Insulation (U.S.), Armacell S.A. (Luxembourg), Beijing New Building Material (Group) Co., Ltd. (China), Evonik (Germany), PT. Bondor Indonesia (Indonesia), BYUCKSAN (South Korea), Huamei Energy-saving Technology Group Co., Ltd. (China), Kaneka Corporation (Japan), KCC Corporation (South Korea), Kingspan Insulation LLC (Ireland), Lloyd Insulations (India) Limited (India), ROCKWOOL International A/S (Denmark), U.P. Twiga Fiberglass Limited (India), GAF (U.S.), Superglass Insulation Ltd. (Scotland), Recticel Group (Belgium), Ursa (Spain)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Building Thermal Insulation market based on the below-mentioned segments:
Global Building Thermal Insulation Market, By Material
Plastic Foam
Glass Wool
Stone Wool
Others
Global Building Thermal Insulation market, By Application
Roof Insulation
Wall Insulation
Floor Insulation
Global Building Thermal Insulation Market, By Building
Residential Building
Non-Residential Building
Global Building Thermal Insulation market, Regional Analysis
Thermal insulation is essential in the construction business because it prevents heat from escaping through walls and ceilings. With a thermal conductivity of less than 0.2 W/mK, insulation products for buildings are a great way to keep warm air in and cold air out of a building. They aid in energy savings and provide extra structural support, especially in roofing applications. The benefits of effective thermal insulation have been recognised by governments, which is why minimum insulation levels have been made a regulatory requirement. For instance, as of July 2019, all rental homes in New Zealand must have ceiling and underfloor insulation installed in accordance with the country's Residential Tenancies Act. There will be a greater need for thermal insulation as people and businesses become more conscious of the importance of reducing their energy consumption. Increased focus on energy efficiency, as well as tough government rules aimed at cutting energy use and greenhouse gas emissions, will fuel this expansion.
Material Analysis
Plastic foam insulation is the most popular and rapidly expanding market niche. Plastic foam insulation is the industry standard because of its high R-value, wide range of applications, and simple installation. Plastic foam insulation is ideal for a wide variety of insulation needs since it is lightweight and flexible, making it easy to handle and install. Increasing investments in residential and commercial construction projects, as well as increased urbanisation, create a favourable setting for the expansion of the industry.
Structure-Based Analysis
The sheer number of residential development projects around the world makes residential buildings the largest section of the building thermal insulation market. The desire for energy efficiency, comfort, and lower heating or cooling expenses is primarily driving the need for thermal insulation in residential structures. Energy efficiency standards and construction regulations have been implemented by governments and regulatory agencies in many countries, making the installation of thermal insulation in homes a legal requirement.
However, the market for thermal insulation in buildings is expanding most quickly in the commercial and institutional sector. The worldwide boom in institutional, commercial, and industrial building projects is to blame. In addition to saving money and making people more comfortable, thermal insulation can also help optimise HVAC systems and maintain consistent indoor temperatures.
Drivers
An Urbanisation And Construction Boom
Approximately half of the global construction market is located in Asia and the Pacific. The building thermal insulation market is expected to grow as a result of rising incomes, increased urbanisation, and improved transportation networks in the region.
Greenhouse gas emissions have increased dramatically as a result of ongoing industrialisation processes. The urgency of addressing energy usage and lessening environmental effect is growing as a result. This trend is anticipated to increase demand for thermal insulation solutions across a wide range of manufacturing settings.
Restraints
Insulation Materials and Their Potential Health Effects
Stone and glass wool, two common types of thermal insulation, have been linked to a variety of health issues, including respiratory and ocular irritation. As a result of the release of carcinogenic compounds during production, polymer-based insulating materials are subject to severe regulations. Constant difficulties posed by health and environmental concerns are expected to restrain market growth during the forecast period.
Some types of wall insulation present serious dangers to human health. Asbestos, for instance, is a known carcinogen that has been linked to both lung and stomach cancers. Another frequent insulation material is fibreglass, which can irritate the skin because of the binding chemicals used in its manufacture.
Important Developments in the Market
Sustainable and environmentally friendly insulation products are becoming increasingly popular in the building thermal insulation sector. There is an increasing trend for insulation products that have less influence on the environment as environmental concerns and energy conservation gain prominence. Insulation materials derived from renewable or recycled resources, such as recycled plastic, natural fibres, and bio-based foams, are becoming increasingly popular as a result of this trend. In addition, efforts are being made to lessen the environmental impact of the insulating industry.
Report Coverage
Global Building Thermal Insulation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Building Thermal Insulation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Building Thermal Insulation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Building Thermal Insulation market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF (Germany), Cellofoam North America Inc. (U.S.), DuPont (U.S.), Knauf Insulation (U.S.), Armacell S.A. (Luxembourg), Beijing New Building Material (Group) Co., Ltd. (China), Evonik (Germany), PT. Bondor Indonesia (Indonesia), BYUCKSAN (South Korea), Huamei Energy-saving Technology Group Co., Ltd. (China), Kaneka Corporation (Japan), KCC Corporation (South Korea), Kingspan Insulation LLC (Ireland), Lloyd Insulations (India) Limited (India), ROCKWOOL International A/S (Denmark), U.P. Twiga Fiberglass Limited (India), GAF (U.S.), Superglass Insulation Ltd. (Scotland), Recticel Group (Belgium), Ursa (Spain) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Building Thermal Insulation Market from 2021 to 2030.
- Market Forecast for Building Thermal Insulation Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Building Thermal Insulation competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Building Thermal Insulation
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Building Thermal Insulation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Building Thermal Insulation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF (Germany), Cellofoam North America Inc. (U.S.), DuPont (U.S.), Knauf Insulation (U.S.), Armacell S.A. (Luxembourg), Beijing New Building Material (Group) Co., Ltd. (China), Evonik (Germany), PT. Bondor Indonesia (Indonesia), BYUCKSAN (South Korea), Huamei Energy-saving Technology Group Co., Ltd. (China), Kaneka Corporation (Japan), KCC Corporation (South Korea), Kingspan Insulation LLC (Ireland), Lloyd Insulations (India) Limited (India), ROCKWOOL International A/S (Denmark), U.P. Twiga Fiberglass Limited (India), GAF (U.S.), Superglass Insulation Ltd. (Scotland), Recticel Group (Belgium), Ursa (Spain)
Primary Target Market
- Market Players of Building Thermal Insulation
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Building Thermal Insulation market based on the below-mentioned segments:
Global Building Thermal Insulation Market, By Material
Plastic Foam
Glass Wool
Stone Wool
Others
Global Building Thermal Insulation market, By Application
Roof Insulation
Wall Insulation
Floor Insulation
Global Building Thermal Insulation Market, By Building
Residential Building
Non-Residential Building
Global Building Thermal Insulation market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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