Global Building Insulation Materials Market Report 2022 to 2027: Industry Trends, Share, Size, Growth, Opportunities and Forecasts - ResearchAndMarkets.com
Building insulation materials are used to stop and prevent the transmission of heat, electricity, or sound.
The "Building Insulation Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global building insulation materials market size reached US$ 22.64 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 29.43 Billion by 2027, exhibiting a CAGR of 4.47% during 2021-2027.
Companies Mentioned
- Atlas Roofing Corporation
- BASF SE
- Beijing New Building Material (Group) Co. Ltd.
- Compagnie de Saint-Gobain S.A.
- Dow Inc.
- DuPont de Nemours Inc.
- Huntsman Corporation
- Johns Manville (Berkshire Hathaway Inc.)
- Kingspan Group plc
- Knauf Gips KG
- Owens Corning
- Rockwool A/S
- Synthos
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Building insulation materials are used to stop and prevent the transmission of heat, electricity, or sound. Mineral wool, polyurethane foam, polyethylene, expanded polystyrene, polyvinyl chloride, and extruded polystyrene are some common variants.
Building insulation materials control indoor environmental conditions and help in reducing heat loss in buildings during cold climatic conditions and reduce the heat surplus in warmer weather conditions.
They also assist in preventing moisture condensation, enhancing process performance, reducing energy demand and costs, controlling the emission of pollutants, improving appearance, and preventing transmission of sound. As a result, these materials are widely used in residential, commercial, and industrial settings.
The ongoing building construction activities due to rapid population expansion, migration from rural areas to service sector clusters, and the rising trend of nuclear families across the globe are creating a positive outlook for the market.
In line with this, the increasing demand for energy-efficient building materials to reduce overall energy consumption by preventing heat gain/loss through the building envelope is favoring the market growth. Various product innovations, such as the introduction of efficient insulation solutions that are installed in commercial and residential complexes, to provide corrosion protection while improving the safety, efficiency, and durability of the building, are acting as other growth-inducing factors.
Additionally, the launch of recyclable and eco-friendly insulation materials with a minimal negative impact on the environment is positively impacting the market growth. Other factors, including rising infrastructural development across the globe, widespread product adoption due to improved thermal and soundproof properties, and the implementation of various government initiatives to enhance insulation in buildings and maintain the desired temperature, are anticipated to drive the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global building insulation materials market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material type, application and end user.
Breakup by Material Type:
- Fiberglass
- Mineral Wool
- Cellulose
- Polyurethane/Polyisocyanurate Foam
- Polystyrene
- Others
Breakup by Application:
- Floor and Basement
- Wall
- Roof and Ceiling
Breakup by End User:
- Residential
- Non-Residential
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Questions Answered in This Report:
- How has the global building insulation materials market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global building insulation materials market?
- What are the key regional markets?
- What is the breakup of the market based on the material type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global building insulation materials market and who are the key players?
- What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/z0u27h
View source version on businesswire.com: https://www.businesswire.com/news/home/20230103005546/en/