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Material handling equipment market – usd 34 billion revenue by 2024

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Saint-Gobain S.A., Huntsman International LLC, Owens Corning, BASF Polyurethanes GmbH, Johns Manville, and Kingspan Group Plc are the major players of building thermal insulation industry. – PowerPoint PPT presentation

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Title: Material handling equipment market – usd 34 billion revenue by 2024


1
Building Thermal Insulation Market USD 34
Billion revenue by 2024 Fractovia.org
2
Key Insights of Building Thermal Insulation
Market
  • Rising preference for green buildings due to
    growing consumer awareness toward energy
    preservation will spur Building Thermal
    Insulation Market expansion. For instance, global
    expenditure on construction activities, which is
    expected to exceed USD 15 trillion by 2024, is
    anticipated to positively leverage the business
    expansion. Beneficial product features such as
    resilience, moisture sensitivity, deployment
    ease, and good conductivity will also influence
    building thermal insulation industry trends.
    Global Market Insights, Inc., claims building
    thermal insulation market to generate more than
    USD 34.9 billion by 2024, having held a base
    valuation of more than USD 25 billion in 2016.
  • Contributing over 45 toward global building
    thermal insulation market, Europe grabbed the
    major industry share in 2016. Strict legislations
    enacted by REACH, EnEV, and European Commission
    have contributed significantly toward the
    regional growth. Germany is expected to dominate
    the regional share with a large presence of giant
    automobile manufacturing firms such as BMW,
    Volkswagen, etc.

3
Continued
  • Asia Pacific building thermal insulation industry
    is set to expand at a rate of more than 4 over
    the coming seven years. The growing number of
    construction activities in Japan, India, and
    China will influence the regional revenue. China
    construction industry in fact, is expected to
    grow at a rate of 4.5 over the next few years,
    which will subsequently contribute toward the
    regional business expansion.
  • Thermal insulation makes use of materials such as
    expanded polystyrene, polyurethanes, and wool
    insulation for insulating buildings. Wool
    insulation, which contributed to more than 50
    toward the overall building thermal insulation
    industry size in 2016, is expected to further
    influence the business over the coming years with
    the rising material demand across residential and
    commercial projects.
  • Thermal insulation finds extensive application in
    floors, walls, and roofs of the structures. Walls
    application, which held a revenue of USD 12.2
    billion in 2016, is expected to make major
    contributions toward the business space. The
    surging need to reduce power consumption coupled
    with weather proofing requirements will boost the
    product popularity.

4
U.S. Building Thermal Insulation Market Size, By
End-Use, 2016-2024 (USD Million)

5

Browse Full Market Research Report Of Building
Thermal Insulation Market _at_ http//bit.ly/2iWs8DB
Request for a Sample of this Research report
_at_ https//www.fractovia.org/request-sample/569

6
Continued.
  • Roof applications, which are forecast to expand
    at a rate of 4 over the period of 2017-2024,
    will accelerate building thermal insulation
    industry revenue over the years to come. Strict
    legislations across developed regions coupled
    with the growing inclination toward the use of
    flat roofs will impel the development.
  • Industrial, residential, and commercial sectors
    are the major end-use sectors of building thermal
    insulation market. Residential applications are
    predicted to expand at a CAGR of more than 4
    over the coming timeframe. The rising purchasing
    power of the end-users coupled with the
    escalating nuclear family trend witnessed across
    the globe will drive the business trends.
  • Saint-Gobain S.A., Huntsman International LLC,
    Owens Corning, BASF Polyurethanes GmbH, Johns
    Manville, and Kingspan Group Plc are the major
    players of building thermal insulation industry.

7
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