The report “Building Thermal Insulation Market by Material (Glass Wool, Stone Wool, Plastic Foam), Application (Roof Insulation, Floor Insulation, Wall Insulation), Building Type (Residential, Non-Residential) & Region – Global Forecast to 2028″, is estimated at USD 29.2 billion in 2023 and is projected to reach USD 37.0 billion by 2028, at a CAGR of 4.8%. The increasing need for green buildings to combat global warming drives the demand for insulation materials in residential and non-residential buildings. Stringent regulations on reducing greenhouse gas emissions and increasing investments in net-zero energy or low carbon buildings are expected to drive the building thermal insulation market.
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• 313 Market data Tables
• 63 Figures
• 274 Pages and in-depth TOC on “Building Thermal Insulation Market – Global Forecast to 2028″
Some of the prominent key players are:
- Knauf Gips KG (Germany)
- Owens Corning (US)
- Rockwool International A/S (Denmark)
- Saint-Gobain SA (France)
- BASF SE (Germany)
- Dow Inc. (US)
- Johns Manville Corporation (US)
- GAF Materials Corporation (US)
- CNBM Group Co., Ltd. (China)
- Aspen Aerogels, Inc. (US)
Opportunities: High energy requirements
The demand for thermal insulation in buildings depends on the growth of the construction and energy industries. The development of insulation materials that are more thermally resistant makes thinner applications possible. Even while the production process itself uses some energy; this can lower the total amount of material required. The manufacturing of insulation has a significant energy need, which drives innovation and the development of more environmentally friendly products. Currently, technology and awareness have significantly reduced the energy consumption in buildings through better insulation while improving comfort levels.
