Building Insulation Market Towering To New Heights And Will Reach USD 27.74 Billion by 2022

The major companies active in building insulation market are Rockwool International A/S, BASF SE, Knauf Insulation, Johns Manville Inc., Paroc, Beijing New Building Material, GAF, Saint-Gobain, Owens Corning Corporation, and Kingspan Group Plc among others. These players are set to foster the development of building insulation market.

According to analysts at Zion Market Research, global building insulation market was capitalized at almost USD 22.63 billion in 2016 and is likely to cross almost USD 27.74 Billion in 2022, developing at a CAGR of slightly more than 3.45% from 2017 to 2022.

This review is based on a report by Zion Market Research, titled “Building Insulation Market by Material (Wool Insulation, Plastic Foams, and Others) for Wall Insulation, Roof Insulation, and Floor Insulation: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022”- Report at https://www.zionmarketresearch.com/report/building-insulation-market

Reduction Of Carbon Foot Prints And Energy Conservation To Power The Development Of Building Insulation Market In The Years To Come

The global insulation market is boosted by various factors such as reduction of carbon foot prints and energy conservation, as per analysts at Zion Market Research. Increasing awareness in the public about the requirement to save energy is one more thriving factor for building insulation market. One more major application powering the development of building insulation market is non-residential insulation. Green buildings with very low consumptions of energy are offered with tax advantages by various governments all over the world, which promote the development of building insulation market. Rising investment by market players is also set to fuel the growth of building insulation market. For example, in June 2017, ROCKWOOL declared the setup of its new manufacturing factory in the United States at West Virginia.

Development In The Construction Sector In Developing Nations To Augment The Development Of Building Insulation Market

On the other hand, plastic foam insulation materials are vulnerable to the volatility in crude oil costs in the global market. This lowers the competitiveness of plastic foams with regard to fiber glass insulation materials, thereby hindering the development of building insulation market. Nevertheless, development in the construction sector in developing nations will augment the development during the forecast period for building insulation market.

Wool Insulation Sector To Dominate The Building Insulation Market In The Coming Years

The global building insulation market is divided based on application, material, and region. The material is classified into plastic foams, wool insulation, and others. Wool insulation sector dominated the building insulation market in 2016 and is likely to carry on dominating the building insulation market for coming years. The insulation is able to store, absorb, and release moisture, owing to the hygroscopic nature of wool that naturally controls condensation levels inside the building thus enhancing internal air quality and building insulation market simultaneously. Applications of the building insulation are roof insulation, wall insulation, and floor insulation. Amongst these scenarios, roof insulation in the building insulation market created the biggest income for due to rising residential & commercial building insulation all over the world.

The global building insulation market is segmented as follows:

By Material

• Wool insulation
• Plastic foams
• Others

By Application

• Wall insulation
• Roof insulation
• Floor insulation

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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