Building Thermal Insulation Market to Reach $42.53 Billion by 2029

The companies covered in the building thermal insulation market are BASF (Germany), Atlas Roofing Company (US), Cellofoam North America Inc. (US), DuPont (US), Knauf Insulation (US United States), Owens Corning (United States), Armacell SA (Luxembourg), Beijing New Building Material (Group) Co., Ltd. (China), Evonik (Germany), PT. Bondor Indonesia (Indonesia), BYUCKSAN (South Korea), Huamei Energy-saving Technology Group Co., Ltd. (China), Johns Manville (USA), Kaneka Corporation (Japan), KCC Corporation (South Korea), Kingspan Insulation LLC (Ireland) and more profiled players.

Pune, India, May 19, 2022 (GLOBE NEWSWIRE) — The world Building Thermal Insulation Market Size been $29.85 billion in 2021. The market is expected to grow from $31.15 billion in 2022 at $42.53 billion in 2029 at a CAGR of 4.5% during the period 2022-2029. This vital information is presented by Fortune Business Insight™in its report entitled, “Thermal Insulation of Buildings Market, 2022-2029. » Factors such as the ability to reduce energy consumption in buildings and provide additional support to the building structure will drive the market growth over the forecast period. Additionally, the growing adoption of do-it-yourself (DIY) insulation projects will increase the market footprint.

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List of Major Players in Building Thermal Insulation Market:

• BASF (Germany)

• Atlas Roofing Company (USA)

• Cellofoam North America Inc. (USA)

• DuPont (USA)

• Knauf Insulation (USA)

• Owens Corning (USA)

• Armacell SA (Luxembourg)

• Beijing New Building Material (Group) Co., Ltd. (China)

• Evonik (Germany)

• PT. Bondor Indonesia (Indonesia)

• BYUCKSAN (South Korea)

• Huamei Energy-saving Technology Group Co., Ltd. (China)

• Johns Manville (USA)

• Kaneka Corporation (Japan)

• KCC Corporation (South Korea)

• Kingspan Insulation LLC (Ireland)

• Lloyd Insulations (India) Limited (India)

• NICHIAS Corporation (Japan)

• ROCKWOOL International A/S (Denmark)

• UP Twiga Fiberglass Limited (India)

• GAF (USA)

• Superglass Insulation Ltd. (Scotland)

• Recticel Group (Belgium)

• Ursa (Spain)

• Firestone Building Products (USA)

The story continues

Report scope and segmentation

Impact of COVID-19

Growing Need for Healthcare Infrastructure to Increase Market Share During Pandemic

As the threat of the pandemic became evident in its early stages, emerging economies including China, India, Germany, Italy and Brazil imposed harsh lockdowns to curb the spread of the virus. during the fourth quarter of 2019. However, government agencies focused on strengthening health care. infrastructure to withstand the continuous influx of patients, which has allowed the thermal insulation of buildings sector to flourish. The dominant players are focusing on the integration of insulation products to reduce energy demands and support a quantifiable environment that can support optimal workflow.

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Report cover

The Building Thermal Insulation report consists of qualitative and quantitative analysis by encompassing critical factors such as major companies, products and raw material. Additionally, the report contains ongoing industry developments and future market trends to get a comprehensive view of the market. Also, the report provides factors that are expected to influence the market impactfully during the forecast.

Drivers and Constraints

Increase in the building and construction sector and higher energy expenditure to support growth

Factors such as an expanding building and construction industry and increasing attributes including reduction in heat transfer rate and fire and impact resistance will drive the growth of the thermal insulation of building blocks market. buildings during the forecast period. Additionally, increasing industrialization and growing demand for energy expenditure will increase the footprint of the market. Additionally, increasing deployment of energy efficient insulation products and increasing adoption of DIY kits will fuel the growth of the market.

However, growing health concerns regarding the adoption of thermal insulation products will limit the market growth over the forecast period.

Regional outlook

Asia-Pacific will experience a dominant market share due to strict regulations regarding energy usage

Asia-Pacific will hold the largest building thermal insulation market share during the forecast period owing to the large-scale infrastructure developments planned by the government bodies of China and India as well as increasing taxes on energy consumption, to name a few.

North America will occupy a considerable market share during the forecast period due to large investments by various government agencies for energy saving measures and increasing level of public awareness.

Europe will experience moderate growth over the forecast period owing to the increasing use of thermal building materials for renovation works.

Competitive landscape

Mergers & acquisitions and product development to increase market share to inflated market share

The building thermal insulation market is highly fragmented, with the top 10 companies accounting for over 70% of the total market share. Some players have invested considerable sums in R&D activities to gain a competitive advantage. The market leaders further boast of a diverse product portfolio while offering better operational efficiencies to capture a larger consumer base. Small business practices engage in mergers and acquisitions to consolidate remaining market share.

Development of key industry

Browse Detailed Abstract of Research Report with TOC:

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Detailed Table of Contents:

• Introduction

• Summary

• Market dynamics

  • Market factors

  • Market constraints

  • Market opportunities

• key ideas

  • Main emerging trends – for main countries

  • Industry SWOT Analysis

  • Regulatory analysis

  • Recent Industry Developments – Policies, Partnerships, New Material Launches, and Mergers & Acquisitions

• Qualitative Insights – Impact of COVID-19 on the Global Building Thermal Insulation Market

• Global Building Thermal Insulation Market Analysis, Outlook and Forecast, 2018 – 2029

TOC Continued…!

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