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Global construction industry in Building Thermal Insulation Market to cross $14 trillion by
2024: Global Market Insights Inc.
The industry report " Building Thermal Insulation Market Size By Material (Wool Insulation, Plastic
Foams), By Application (Wall, Roof, Floor), By End-Use (Residential, Commercial, Industrial),
Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Russia, Spain, China,
India, Japan, Australia, Indonesia, Thailand, Malaysia, Brazil, Mexico, Argentina, Saudi Arabia, UAE,
South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 –
2024 " Building Thermal Insulation Market size is estimated to exceed USD 34.9 billion by
2024; according to a new research report by Global Market Insights, Inc.
Rising demand for energy conservation and high growth in construction spending will propel
building thermal insulation market. Global construction industry was valued above USD 7
trillion in 2015 and will exceed USD 14 trillion by 2024. China, U.S and India together
accounted for nearly 55% share in the same year.
High energy saving, reduced carbon footprints, and easy product availability are key factors
fueling building thermal insulation market. Heat loss in a building through its walls, roofs and
floors accounts for more than 70%. Benefits offered such as room temperature maintenance
at minimum possible energy consumption will increase the product penetration.
Increasing adoption rate of International Energy Conservation Code (IECC) from 2012 has
stimulated product growth in construction sector. Additionally, government norms
corresponding to limited greenhouse gas emissions and energy conservation is anticipated to
drive building thermal insulation market.
Ease of installation, along with high moisture sensitivity, compressive strength, better thermal
conductivity and durability are key properties encouraging product penetration.
Technological enhancement such as multi chamber profiles, double and triple insulated glass
will promote industry growth.
Government financial support including low interest loans coupled with short payback period
of installation will fuel building thermal insulation market. Further, European Energy saving
regulations (EnEV) standards will strengthen business growth. However, increase plastic foam
cost and prolonged polyurethane foam exposure will restrain industry growth.
Wool insulation material contributes more than 50% of consumption in building thermal
insulation market in 2016. Increasing demand from commercial and residential construction
will drive the product demand. It is extensively used in sheets & blankets form with a
temperature sustaining capacity of above 400 degrees Celsius.
Expanded polystyrene will witness 4.2% CAGR up to 2024. Superior properties including
lightness, durability and process ability of the material have enhanced the industry growth. It
offers similar thermal resistance as that of its counterparts with even lesser quantity due to
Polyurethane registered over 580 million square meters demand in 2016. Durable and safe
way of reducing carbon emission and keeping construction cool will enhance the industry
Flat roof will surpass USD 5.6 billion till 2024. Inclination towards flat roof trends in
commercial sector will drive the segment growth. Commercial sector expansion in terms of
grocery stores, convenience stores, and shopping malls will enhance building thermal
insulation market growth.
Wall application was valued over USD 12 billion in 2016. Weather proofing requirements and
enhancement towards energy efficiency will boost the application usage in the market. Heat
transfer from walls in a building accounts for 35% of total heat loss.
Residential market is set to grow over 4% through to 2024. High consumer spending, nuclear
family evolutions, and rising population will have a positive influence product demand.
UAE is anticipated to worth more than USD 260 million in 2016 and has become one of the
most attractive hub for infrastructure spending. Increased adoption of technologies for
curbing hot weather conditions, greenhouse gases and improved business environment will
strengthen the product demand.
Global industry share includes Dow, Owens Corning, Johns Manville, Huntsman International,
CertainTeed, Kingspan Group, BASF Polyurethanes, and Saint-Gobain.
Segmentation of Building Thermal Insulation Market :
Building Thermal Insulation Market research report includes in-depth coverage of the
industry with estimates & forecast of volume in Million Square Meter, revenue in USD
million from 2013 to 2024, for the following segments:
Building Thermal Insulation Market, By Material
Open cell materials (wool insulation)
• Glass wool
• Stone wool
• Others (cellulose & aerogel)
Closed cell materials (Plastic foams)
• Expanded polystyrene
• Extruded polystyrene
• Others (phenolic foams & polyisocyanurate insulation)
Building Thermal Insulation Market, By Application
• Internal wall
• External wall
• Air cavity wall
• Flat roof
• Pitch roof
Building thermal insulation Market, By End-Use
The above information has been provided on a regional and country basis for the
• South Korea
Latin America (LATAM)
Middle East and Africa
• Saudi Arabia
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and
consulting service provider; offering syndicated and custom research reports along with growth
consulting services. Our business intelligence and industry research reports offer clients with
penetrative insights and actionable market data specially designed and presented to aid strategic
decision making. These exhaustive reports are designed via a proprietary research methodology
and are available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
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Global Market Insights, Inc.
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