Building Thermal Insulation Market Industry Analysis Report by Regional Outlook by 2026 - PowerPoint PPT Presentation

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Building Thermal Insulation Market Industry Analysis Report by Regional Outlook by 2026

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Title: Building Thermal Insulation Market Industry Analysis Report by Regional Outlook by 2026


1
Building Thermal Insulation Market Study by
Regional Outlook and Competitive Landscape to 2026
  • Collective emissions of about 50 billion tons of
    carbon dioxide almost every year, which is nearly
    76 of the toxic gas emission worldwide, have
    compelled various governments to introduce strict
    norms and policies pertaining to significant
    reduction in these emission levels. Undeniably,
    this has offered a potential boost to the
    emergence of building thermal insulation concept.
    It has been predicted that global building
    thermal insulation market is set to produce
    tremendous gains over the span of 2020 to 2026,
    while accounting for a revenue share of USD 31
    billion by the end of the duration.
  • As per numerous studies and reports, building
    thermal insulation provides a high level of
    energy efficiency compared to that of
    conventional wooden framed and concrete
    constructions. In fact, believing the claims by
    the U.S Environmental Protection Agency, adding
    insulation to constructions can save up to 15 per
    cent on cooling and heating costs

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2
  • Elaborating further on the materials used, it is
    essential to mention that stone wool materials
    are currently witnessing massive momentum,
    perhaps due to its natural fire protection
    features. Stone wool insulation products are
    abundantly used worldwide due to their intrinsic
    properties like water-repellency and exceptional
    resistance to fire. Given the aforementioned
    characteristics, it has been projected that the
    stone wool materials segment across building
    thermal insulation market would record a
    valuation of USD 4,441.44 million by 2026 end.
  • Thermal insulation is generally carried out on
    floors to provide improved heating and cooling
    effect to the overall space. That said, floor
    insulation is done by incorporating the
    insulation materials under floorboards, as it
    helps in reducing the amount of heat escaping the
    floor. What has been fueling the demand for floor
    insulations across the economies of North America
    and Europe is the stringent regulatory framework.
    As per industry experts, the floor insulation
    market segment is expected to depict a growth
    rate of 3.6 per cent through 2026.
  • In terms of application spectrum, it is quite
    overt that industrial segment would accrue
    phenomenal gains across the overall building
    thermal insulation market, courtesy- introduction
    of global initiatives for reduction of carbon
    emissions by enhancing energy efficiency and
    sustainability. As a matter of fact, it has been
    reported that the segment is all set to acquire a
    business share of 15 per cent over the projected
    time frame.

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4
  • Regional Analysis
  • Building thermal insulation industry is
    diversified into vivid regions, out of which, the
    Asia Pacific region is touted to emerge as a
    revenue pocket for the overall market, subject to
    rapid urbanization and industrialization, in line
    with massive rise in government spending on
    infrastructure development. Apparently, need for
    eco-friendly building insulation products is also
    leading to an increased energy consumption,
    complementing the surging market growth graph.
    The Asia Pacific building thermal insulation
    market had acquired a revenue share of 20 per
    cent in 2019 and is estimated to grow profusely
    in the years to come.
  • Competitive Analysis
  • Various industry players including BASF SE,
    CertainTeed, Johns Manville, Huntsman
    International, Rockwool International, and
    Saint-Gobain amongst others have been
    relentlessly working towards developing and
    introducing novel products in the global market
    via being engaged in acquisitions, partnerships,
    and collaborations. These market strategies have
    indeed enabled the companies to gain a
    competitive edge in the overall business ecology.

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Latest Research Report On Building Thermal
Insulation Market _at_ https//www.gminsights.com/ind
ustry-analysis/building-thermal-insulation-market
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