Building Thermal Insulation Market 2017-2022 - Stringent Regulations to Reduce Greenhouse Gas Emission

The building thermal insulation market is projected to reach USD 29.62 Billion by 2022, at a CAGR of 3.65% from 2017 to 2022

 The global building thermal insulation market is driven by the increased demand from applications such as wall insulation, roof insulation, and floor insulation. Building thermal insulation are materials that reduce the amount of power required to heat or cool a house. They minimize the amount of heat that escapes during the winter and limit the hot summer air penetrating into the house. Building insulation is the most cost-effective measure in climates that have a wide range of annual average temperatures.

The plastic foam segment accounts for the largest share among all material type segments. The market for plastic foam is estimated to grow owing to its attributes such as higher thermal resistance (R-Value), versatility, strength, and life span. The growing demand in regions such as Asia Pacific and Europe also fuels its growth.

The wall insulation application segment dominated the building thermal insulation market, both in terms of value and volume in 2016. The rising demand for energy efficient buildings and maximum loss of energy through walls in a building drive the demand for wall insulation.

The residential building type segment dominated the building thermal insulation market, both in terms of value and volume in 2016. This is due to the boom in housing sector in countries such as the US, Germany, and China. In addition, the awareness regarding energy efficient buildings and rising cost of energy also drive the demand for thermal insulation in residential buildings.

The North American region was the largest market for building thermal insulation, in terms of value, in 2016. The presence of strict building energy codes, along with the strong demand for building thermal insulation from housing sector in the US drive the growth of the building thermal insulation market in this region.

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Companies Mentioned

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