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

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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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• 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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• 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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