Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Building Thermal Insulation Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Building
Thermal Insulation Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Building Thermal Insulation Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Building
Thermal Insulation Market is offered. In
accordance with the report, the global Building Thermal Insulation Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraint,
Opportunity & Trends of the Market:
Definition
Building
thermal insulation can be termed as the appropriate utilization of insulation
materials and adoption of designs in buildings to manage the transmission of
heat by way of enclosure to lower heat gain or loss. The necessity for heat
transmission can result from the difference in outdoor and indoor temperatures.
In spite of the availability of impact insulation, fire insulation and acoustic
insulation, the prime insulation implemented in buildings for thermal purpose.
Market Drivers
The
rising concern for energy conservation and the reduction of emission of harmful
greenhouse gases is providing the initial impetus to the building thermal
insulation market. The depleting non-renewable natural resources utilized in
the generation of energy and power is also a determining factor. Building
thermal insulation does leads to a reduction in the vulnerability on HVAC and
cuts off energy consumption thus driving this market. Further, government
directives and norms pertaining to these factors is empowering the growth of
this market.
The
development of sustainable projects across the globe is fueling the growth of
this market. The smart projects everywhere like smart house, smart city and
many more is charging up the dependence on the building thermal insulation products.
Thus, sustainable and smart projects together is inputting growth in this
market.
The
adherence to building codes in the construction sector is favorable to the
growth of this market. The adoption of building codes especially in North
America region enacted by organizations like the U.S. Green Building Council
(USGBC) and Leadership in Energy and Environmental Design (LEED) is augmenting
the growth of the building thermal insulation market.
Market Restraints
Health
concerns associated with the certain building insulation products are impeding
the growth of this market. For example, glass wool utilized in the process of
laying leads to irritation in the respiratory system and eyes to the ones
exposed. The production process of extruded and expanded polystyrenes leads to
the emission of styrene that is averse to human health. These factors are
disturbing the growth of this market.
The
lack of awareness with regard to the positive influence of such goods and lack
of knowledge and information regarding the availability of these products in
different regions is disrupting the growth of this market.
The
materials used in the production of building thermal insulation includes
plastic foam and many others that are non-biodegradable and leads to
environmental problems which is severely straining the growth of the building
thermal insulation market.
Various
establishments in UK and Netherlands are suffering loses resulting from soaring
supply cost. The deficiency of skilled labor and lack of materials and sub-contractors
in addition to the above stated fact threatening the new entrants in this
market and also the existing firms.
Opportunities
The
plastic materials used in the production of building insulation materials can
be replaced by the utilization of bio-degradable products. This is a lucrative
opportunity for this market.
Further,
the rising industrialization and urbanization is expected to upsurge the
construction of both residential and non-residential buildings thus providing
bankable opportunities to the operators in the building thermal insulation
market.
The
surging demand for electricity, power and energy from a wide variety of sectors
is indirectly providing opportunity for the further implementation of these
products owing to its holistic benefits.
Favorable
government policies and programs in the development of building thermal
insulation equipment is expected to provide good scope for this market.
Trends
At
present Europe holds a significant share in the building thermal insulation
market accounting to almost 35.6%. This region is expected to showcase
significant growth in the forecast period owing to the initiatives provided by
the Registration, Evaluation, Authorization, and Restriction of Chemicals
(REACH) and European Commission aimed at promoting thermal insulation. The
North American region is estimated to experience progress due to surging
construction of residential and non-residential buildings, adherence to rigid
green building codes aimed at energy conservation, and supportive measures of
the government for adoption of these products in the buildings. The Asia
Pacific region is projected to be the fastest growing region for building
thermal insulation market. Such growth can be traced back to the skyrocketing
construction activities to satiate the needs of surging population. Globally,
this market is expected to grow at a CAGR of 3.65%.
Segment Covered:
This market
intelligence report on the global Building Thermal Insulation Market encompasses market segments based on building type,
material type, application and country.
By Building
Type the global Building Thermal Insulation Market has been divided into:
q Non-Residential
Building
q Residential
Building
By Material Type the global Building
Thermal Insulation Market has been divided into:
q Plastic
Foam
o
PUR & PIR
o
Polystyrene
q Glass Wool
q Stone Wool
q Others
o
Aerogel
o
Cellulose
By
Application the global Building Thermal Insulation Market has been divided
into:
q Floor
Insulation
q Roof
Insulation
o
Itched Roof Insulation
o
Flat Roof Insulation
q Wall Insulation
o
Cavity Wall Insulation
o
Internal Wall Insulation
o
External Wall Insulation
By country/region,
the global Building Thermal Insulation Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q BASF SE
q Huntsman
International
q Atlas
Roofing Company
q DuPont
q Evonik
q Owens
Corning
q Johns
Manville
q KCC
Corporation
q Ursa
q NICHIAS
Corporation
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Building Thermal Insulation Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
BASF SE
In June 2017,
Elastospray LWP was launched BASF SE. It is an environment friendly spray foam-based
insulation.
Huntsman International
In October 2018,
DaltoPIR insulation technology was launched by Huntsman International. It is a
PIR-based foam Insulation comprising excellent acoustic, fire and thermal
insulating properties.
Atlas Roofing Company
In August 2018,
ACH Foam Technologies acquired by Atlas Roofing Company to diversify product
portfolio and technological advancement in foam business.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Building
Thermal Insulation Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Building Thermal Insulation Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Building Thermal Insulation caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Building
Thermal Insulation Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Building Thermal Insulation Market
v
Identification
of key factors driving investment opportunities in the Building
Thermal Insulation Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants