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The Global Building Thermal Insulation Market, which is expected to generate revenues of $37.99 billion by 2026, is anticipated to expand at a CAGR of nearly 4.95 percent from 2020 to 2026. The report provides an assessment and analysis of the global and regional Building Thermal Insulation market. The study provides a thorough analysis of market competition, limitations, sales estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 and revenue projections from 2020 to 2026. (USD Billion).
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| Global Building Thermal Insulation Market |
Introduction
Thermal insulation is a well-known phenomenon in construction and is used to prevent the transfer of heat between adjacent environments. It plays a significant role in maintaining indoor climate without requiring additional energy. Recently, thermal insulation has been used in buildings to reduce carbon footprints and limit thermal conduction to the exterior environment.
Market Development Dynamics
Over the projected timeframe, the expansion of the building thermal insulation industry will be influenced by favourable legislation enacted in response to a growing emphasis on reducing total power consumption. Thermal insulation aids in reducing a building's reliance on heating, ventilation, and air conditioning, thereby reducing total power consumption and driving the growth of the thermal insulation market for buildings. In the forthcoming years, the market is anticipated to expand due to the rising demand for the product in both the residential and commercial sectors of emerging economies.
In addition, emerging economies such as Brazil, China, and India are anticipated to contribute to the expansion of the building thermal insulation industry over the coming years. Global demand for sustainable buildings is anticipated to drive the expansion of the building thermal insulation industry over the forecast period. End-users are concerned with reducing their energy bills and focusing on renovation. This will bolster the growth of the building thermal insulation industry over the next decade. Evidently, the increase in public-private partnerships for constructing new homes and the strict implementation of building codes for minimising energy consumption in factories will contribute to the market's growth in the coming years.
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The market report categorizes the global building thermal insulation market based on:
Building type:
Non-residential Building
Residential Building
Material Type:
Plastic Foam
Glass Wool
Stone Wool
Application:
Wall Insulation
Floor Insulation
Roof Insulation
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
North America Will Represent A Major Market Share From 2020 to 2026.
Due to the presence of a large number of end-users in countries such as the U.S. and Canada, the North American market is projected to expand over the coming years. In addition, strict enforcement of government regulations regarding home insulation will spur market expansion in the coming years.
URSA Insulation S.A., Huntsman Corporation, Kingspan Group plc, BASF SE, Dow Corning Corporation, Atlas Roofing Corporation, Owens Corning, ODE Industry and Trade Inc., Beijing New Building Material (Group) Co., Ltd., Paroc Group Oy, Trocellen GmbH, Knauf Insulation, Inc., Cabot Corporation, GAF Materials Corporation, Firestone Building Products Company, Lapolla Industries Inc., KCC Corporation, Saint-Gobain S.
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