The global building thermal insulation market size is projected to reach USD 40.21 Billion by 2026 on account of the rise in building and construction activities around the world. Thermal insulation in a building includes the prevention of heat transfer via the encasement of the building. It also provides auxiliary support to the structure of the building and its roof and shields it from energy loss.
COVID-19 Impact Building Thermal Insulation Industry:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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Report Highlights
The report offers a qualitative and quantitative analysis of the market and its growth trajectories, such as restraint, drivers, opportunities, and challenges. It also talks about the competitive landscape of the market, the list of players operating in the market, and the key strategies adopted by them to gain a competitive edge in the market. Furthermore, the report talks about the current building thermal insulation market trends, significant industry developments, and other interesting insights into the market. The table of segmentation is also discussed in the report in detail. For more information on the report, log on to the company website.
Market Drivers
Need for Controlling Heat Transfer in Buildings will Add Impetus to Market
The rise in building and construction activities worldwide is a major driver promoting the building thermal insulation market growth. In addition to this, there is an increasing need to maintain an average temperature inside the buildings. This is done by decreasing the heat transfer between adjacent environments and reduce the carbon footprint by constricting the heat conduction to the external surroundings. This, coupled with the rise in energy cost will also boost the market in the forecast period. Moreover, rapid modernization and industrialization have propelled the installation of thermal insulation systems in commercial buildings to conserve energy, and this will aid in the expansion of the market in the coming years.
Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/building-thermal-insulation-market-102708
List of Players Functioning in Building Thermal Insulation Market are as following;
- Armacell S.A.
- Owens Corning
- Knauf Insulation
- DuPont
- Cellofoam North America Inc.
- BYUCKSAN
- Bondor Indonesia
- IMERYS Group
- Evonik
- Atlas Roofing Company
- Beijing New Building Material (Group) Co., Ltd.
- KCC Corporation
- Kaneka Corporation
- Johns Manville
- Huamei Energy-saving Technology Group Co., Ltd.
- ROCKWOOL International A/S
- NICHIAS Corporation
- Lloyd Insulations (India) Limited
- Kingspan Insulation LLC
- Superglass Insulation Ltd.
- GAF
- P. Twiga Fiberglass Limited
- Firestone Building Products
- Ursa
- Reciticel Group
- Other vendors
Major Industry Developments of the Building Thermal Insulation Market include:
August 2018 – ACH Foam technologies were acquired by Atlas Roofing Company for manufacturing and expansion of their EPS foam business.
December 2019 – The glass wool manufacturing facility of Superglass located in Stirling, Scotland, was expanded by investing USD 42 million. The main objective behind this expansion is to meet the rising demand for glass wool insulation from consumers.
