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Building Thermal Insulation Market Share, Industry Growth, Trends, Business Opportunities, Challenges, Growth Insights to 2026

 


The global building thermal insulation market size is projected to reach USD 40.21 Billion by 2026 on account of the rise in building and construction activities around the world. Thermal insulation in a building includes the prevention of heat transfer via the encasement of the building. It also provides auxiliary support to the structure of the building and its roof and shields it from energy loss.


 


Market Drivers


Need for Controlling Heat Transfer in Buildings will Add Impetus to Market


The rise in building and construction activities worldwide is a major driver promoting the building thermal insulation market growth. In addition to this, there is an increasing need to maintain an average temperature inside the buildings. This is done by decreasing the heat transfer between adjacent environments and reduce the carbon footprint by constricting the heat conduction to the external surroundings. This, coupled with the rise in energy cost will also boost the market in the forecast period. Moreover, rapid modernization and industrialization have propelled the installation of thermal insulation systems in commercial buildings to conserve energy, and this will aid in the expansion of the market in the coming years.


Regional Segmentation:


Asia Pacific Emerged Dominant Owing to Stringent Regulations Imposed on Infrastructural Development


As per the current geographic segmentation, the market is dominated by Asia Pacific that earned USD 13.04 billion in 2018. It is also considered to emerge as the fastest-growing region as a result of large scale investments on infrastructural development by governments of Southeast Asia, India, and China. Additionally, governments in China and India have imposed strict rules on the consumption of energy in the coming five years, and this will further aid in the expansion of the market in the coming years. On the other side, the North American market will rise substantially, owing to the increasing awareness among people about energy-saving technologies.


Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/building-thermal-insulation-market-102708


List of Players Functioning in Building Thermal Insulation Market are as following;



  • Armacell S.A.

  • Owens Corning

  • Knauf Insulation

  • DuPont

  • Cellofoam North America Inc.

  • BYUCKSAN

  • Bondor Indonesia

  • IMERYS Group

  • Evonik

  • Atlas Roofing Company

  • Beijing New Building Material (Group) Co., Ltd.

  • KCC Corporation

  • Kaneka Corporation

  • Johns Manville

  • Huamei Energy-saving Technology Group Co., Ltd.


Competitive Landscape:


Consolidated Nature will Further Intensify Market Competition


The market is consolidated in nature owing to the presence of many players. Among these, the top 10 companies hold 70% building thermal insulation market revenue. Significant players are investing in research and development of several products for thermal insulation in buildings. Others are entering into collaborations, mergers and acquisitions, contracts and agreements, and other strategies for gaining a competitive edge in the market. The main objective behind all this is to provide superior operational efficiency, novel and safe technology for application, and to expand the product portfolio and emerge dominant in the market competition.


 

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