Building Insulation Materials Market 2022-2031
New Study Reports “Building Insulation Materials Market 2022 Global Analysis By Key Regions, Production, Consumption, Revenue, Applications, Growth and Forecasts 2031” has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Building Insulation Materials Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Building Insulation Materials Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The global building insulation materials market is estimated to be pegged at US$ 26.1 Bn in 2022, and is expected to register a noteworthy CAGR of 7% during the forecast period of 2022-2031.
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Building insulation materials are used as enveloping agents to reduce heat transfer through the walls, roof, and flooring. Favorable regulatory standards backed by governments in developing regions to reduce overall energy cost & consumption is one of the prime factors driving the growth of the building insulation materials market during the forecast period of 2022-2031. Stringent energy codes are in place in developed economies of Europe and North America, which is also increasing awareness regarding the need to reduce energy consumption in developing economies of East & South Asia. This is expected to bolster the growth of the global building insulation materials market during the forecast period.
Key Players:
The report has profiled some of the important players prevalent in the global like – Saint Gobain SA, Rockwool International A/S, Johns Manville Corporation, Kingspan Group Plc., Owens Corning Inc., BASF SE and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Building Insulation Materials Market.
Key Highlights of Global Insulation Materials Market Study
- Rising urban population, boom in residential construction projects, and increased focus on development of the commercial and industrial sectors in East Asia are expected to boost the demand for building insulation materials. Implementation of building energy codes and regulatory standards backed by government initiatives, especially in countries such as China, is expected to positively influence the growth of the building insulation materials market.
- Polystyrene, followed by fiberglass, is expected to be the prominent material of choice in the global building insulation materials market. However, increasing demand for eco-friendly products is expected to slow down the growth of the polystyrene segment.
- Increasing number of large-scale housing projects, attributable to the growing population, along with rising focus on the development of healthcare, institutional, and office workplace infrastructure is expected to increase the number of residential and commercial construction activities. This is expected to translate into high demand for building insulation materials over the forecast period.
“Recyclable building insulation materials and products developed from recycled materials such as fiberglass are gaining popularity, attributable to increased environmental awareness among consumers and enforcement of stringent regulations on a global scale. Conventional products such as polystyrene and polyurethane & polyisocyanurate foams are expected to witness a setback due to this trend,” says a PMR analyst.
Implementation of Stringent Building Energy Codes to Fuel Demand for Building Insulation Materials
Growing inclination toward the adoption of smart and energy-efficient building concepts and energy codes in commercial as well as non-commercial construction, such as BREEAM and LEED, has a positive impact that boosts the demand for building insulation materials, primarily fiberglass, mineral wool, and cellulose. Growth in green construction activities due to rising environmental concerns, high & volatile energy prices, and impact on health & comfort of occupants are all driving the growth of the building insulation materials market.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Building Insulation Materials Market Manufacturers
Building Insulation Materials Market Distributors/Traders/Wholesalers
Building Insulation Materials Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Building Insulation Materials Market – Report Highlights
- A detailed overview of parent market of Building Insulation Materials Market
- Changing Building Insulation Materials Market dynamics in the industry
- In-depth segmentation of the Building Insulation Materials Market
- Historical, current, and projected Building Insulation Materials Market size regarding volume and value
- Recent industry trends and developments in Building Insulation Materials Market
- Competitive landscape of the Building Insulation Materials Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Building Insulation Materials Market performance
- Must-have information for Building Insulation Materials Market players to sustain and enhance their market footprint
Key Questions Answered in the Building Insulation Materials Market Report
How is the Building Insulation Materials Market expected to grow over the projected period?
What direction is the Building Insulation Materials Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Building Insulation Materials Market in future?
What are the key market drivers in the Building Insulation Materials Market?
What are significant opportunities and improvement areas for Building Insulation Materials Market manufacturers?
What are the key developments and trends taking over the Building Insulation Materials Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Building Insulation Materials Market?
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