Global Building Insulation Market sales is growing at 3.45% CAGR till 2022

Zion Market Research has published a new report 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.” According to the report, global building insulation market was valued at around USD 22.63 billion in 2016 and is expected to reach approximately USD 27.74 billion in 2022, growing at a CAGR of slightly above 3.45% between 2017 and 2022.

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The insulation in buildings contributes to reducing the required air-conditioning system size and also in reducing the annual energy cost. It helps in extending the periods of thermal comfort without reliance on mechanical air-conditioning especially during inter-seasons periods. The magnitude of energy savings as a result of using thermal insulation vary according to the building type, the climatic conditions at which the building is located and the type of the insulating material used.  Insulation reduces the exchange of heat through the many surfaces in building walls, ducts, roof, etc.

The global insulation market is driven by several factors such as energy conservation and reduction of carbon foot prints. Growing public awareness about the need to save energy is another driving factor for building insulation market. Non-residential insulation is another important application of insulation materials. Green buildings with very low energy consumptions are provided with tax benefits by several governments across the globe which promotes the growth of building insulation market.

However, Plastic foam insulation materials are susceptible to the volatility in crude oil prices in the international market as polystyrene is a downstream derivative of crude oil. This reduces the competitiveness of plastic foams with respect to fiber glass insulation materials. Nonetheless, development in the construction industry in economically developing countries will propel the demand for building insulation market during the forecast period. The global market for building insulation is segmented on the basis of material, application, and region.  the material is segmented into wool insulation, plastic foams, and others. Wool insulation segment dominated the market in the year 2016 and is anticipated to continue leading the market for next few coming years.  Due to the hygroscopic nature of wool, the insulation is able to absorb, store and release moisture, naturally controlling condensation levels within the building and improving internal air quality. Applications of the building insulation are wall insulation, roof insulation, and floor insulation. Among this application, roof insulation market generated the largest revenue for building insulation market owing to increase commercial and residential building insulation across the globe.

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North America is expected to hold the largest share in building insulation market due to the growth of. Europe HMI market is expected significant growth over the forecast period due to re-insulation of old buildings. Rising economic and infrastructure developments in China, Japan, India, and other countries are the major factors driving the market growth in the in Asia Pacific region. Thus, Asia Pacific will be expected highest CAGR in coming years. Europe is expected to remain the largest market due to the stringent government regulations to lower energy consumption and reduction in greenhouse gas emissions. Asia Pacific is expected to witness good growth over the forecast period because of increasing awareness related to energy efficiency and growth in housing demand.

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

Browse the full “ Building Insulation Market” report at https://www.zionmarketresearch.com/report/building-insulation-market

The report segments global building insulation market as follows:

Global Building Insulation Market:  Material Segment Analysis

  • Wool insulation
  • Plastic foams
  • Others

Global Building Insulation Market: Application Segment Analysis

  • Wall insulation
  • Roof insulation
  • Floor insulation

Global Building Insulation Market: Regional Segment Analysis

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

About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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