The increasing need for better heating and cooling comfort and the improved fire resistance of thermal insulation materials such as glass wool, stone wool and plastic foam has seen significant growth in manufacturing thermal insulation.
NEW YORK, August 01, 2022 (Globe Newswire) — Reportlinker.com announced the release of the report “Building Thermal Insulation Market by Materials, Application, Building Type and Sector – Global Forecast to 2027” – https://www.reportlinker.com/p05091917/?utm_source=GNW
The major factors driving the building thermal insulation market are improvements in new construction of residential and non-residential buildings across the globe.
Plastic foam material is anticipated to be the fastest growing type of building thermal insulation market during the forecast period.
By material, the building thermal insulation market has been segmented into glass wool, stone wool, plastic foam, and others. Plastic foam is anticipated to dominate the market during the forecast period owing to its increasing use in Exterior Facade Insulation, Exterior Wall Insulation, Sandwich. panels, and cavity wall insulation.
The high compressive strength and energy efficiency of plastic foam, especially EPS foam, is anticipated to drive its demand in manufacturing thermal insulation.
In 2021, in terms of value, roof insulation applications are projected to be the second largest application in building thermal insulation market
By application, the building thermal insulation market is segmented into wall insulation, roof insulation, and floor insulation. Roof insulation is projected to be the second largest application of building thermal insulation by 2021.
The increase in the construction of non-residential buildings, such as industrial, commercial, educational and health care buildings, is expected to increase the demand for roof insulation globally.
Non-residential buildings is anticipated to be the fastest growing end-use industry in building thermal insulation market during the forecast period.
Building thermal insulation has wide use in the medical industry. A drug must have a homogenous concentration in a solution; Otherwise, it may not be as effective as it was designed to be.
Building thermal insulation is added to the drug solution to form a finely dispersed solution. A certain amount of thermal insulation is also added to the tablet.
By using building thermal insulation, the tablet is evenly disintegrated inside the patient’s body, thereby working effectively. The even distribution of pigment or color in the tablet also requires the creation of thermal insulation.
In 2021, North America is projected to be the second largest building thermal insulation market in terms of value
North America was the second largest market for building thermal insulation in 2021 in terms of value. Stringent building energy codes in the region and developments in the housing sector, coupled with the growing demand for green buildings, drive the demand for building thermal insulation.
The retrofit market, development of green buildings, and increasing energy efficiency codes and building specifications are projected to drive the building thermal insulation market in this region. In addition, a focus on energy efficient buildings, stricter requirements for insulation and new building codes have led to an increased awareness of thermal insulation in buildings in the region.
The study includes insights from various industry experts ranging from raw material suppliers to Tier 1 companies. The break-up of the primary is as follows:
• By company type: Tier 1 – 46%, Tier 2 – 31%, and Tier 3 – 23%
• By Designation: C-Level – 46%, Director Level – 27%, and Others – 27%
• By region: North America – 33%, Europe – 27%, APAC – 27%, South America – 7%, Middle East and Africa – 6%,
Major market players covered in the report include Kingspan Group plc (UK), Knauf Gipps KG (Germany), Owens Corning (US), Rockwool International A/S (Denmark), Saint-Gobain SA (France), BASF SE (Germany). Huh. ), Johns Manville Corporation (US), Altana AG (Germany), Dow Inc (US), GAF Materials Corporation (US), CNBM Group Co., Ltd (China), Aspen Aerogels, Inc. (US) and others.
This report ranks the market for building thermal insulation based on material, application, construction type and region, and provides estimates for the overall market size in various sectors. A detailed analysis of the major industry players has been done to provide insight into their business overview, products and services, key strategies associated with the market for Manufacture Thermal Insulation.
Reasons to buy this report
This research report focuses on different levels of analysis – industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide a holistic view on the competitive landscape; Emerging and high growth segment of the building thermal insulation market; high growth areas; and market drivers, restrictions, and opportunities.
The report provides insights on the following points:
• Market penetration: Comprehensive information on building thermal insulation offered by top players in the global market
• Market Development: Comprehensive information about attractive emerging markets – The report analyzes the markets for building thermal insulation in the regions
• Market Diversification: Detailed information on new products, untapped areas and recent developments in the global Building Thermal Insulation Market
• Competitive Evaluation: In-depth evaluation of market shares, strategies, products and manufacturing capabilities of leading players in building thermal insulation market
Read full report: https://www.reportlinker.com/p05091917/?utm_source=GNW
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