Global Construction Insulation Materials Market Overview:
The global Construction Insulation Materials market is expected to witness high growth due to the growing construction industry worldwide. Building insulation materials are the type of building materials, which form the thermal envelope of a building or otherwise reduce heat transfer. Insulation is used as a thermal and acoustical solution in the walls, ceilings, floors, and attics of a home or every part of the building envelope. Theres are various benefits of the Construction Insulation Materials including it keeps home cooler in the summer and warmer in the winter. Insulation in a home saves energy and is perhaps the most cost-effective way to lower energy bills. Insulation reduces noise and adds to the quality and comfort of the home. Some of the key players profiled in the study are Knauf Insulation (United States), Rockwool International (Denmark), Johns Manville (United States), BASF (Germany), Owens Corning (United States), Paroc (Finland), Saint-Gobain (France), GAF (United States), Kingspan Group (Ireland) and Beijing New Building Material (China).
On the basis of geography, the market of Construction Insulation Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Building Type, the sub-segment i.e. Residential will boost the Construction Insulation Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Reduction in Energy Consumption and Related Cost
- High Demand for Polyurethane Foam for Construction Purpose
Market Trend
- High Adoption due to Stringent Governmental and Regulatory Norms Pertaining to Reducing GHG Emissions
- The Growing Development of Green Buildings
Restraints
- The Availability of Substitutes such as Green Insulation Material
Opportunities
- Increasing Infrastructure Development in both Developing and Developed Countries
- The Upsurging Demand from Residential Construction
Major Market Developments:
On 5th July 2019, BASF is showing its innovative, super-slim high-performance insulation materials in new applications. The innovative high-performance products SLENTITE® and SLENTEX® are a new generation of energy-efficient aerogel-based insulation materials with outstanding material properties.
On 30th July 2018, Knauf Insulation is to build a 120 million euros plant in Malaysia to meet soaring demand for its Mineral Wool insulation solutions across the Asia Pacific region. The new plant, which will be located in Johor Bahru in the southern part of the country, will have a capacity of 75,000 tonnes a year.
Target Audience:
Construction Insulation Materials Manufactures, Construction Insulation Materials Suppliers, Construction Insulation Materials Distribution, Government & Industry Associations, Regulatory Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Construction Insulation Materials market on the basis of product [Glass Wool, Rockwool/Stonewool, Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Polyurethane Foams, Polyisocyanurate, Phenolic Foams and Others] , application [Flat Roofs, Pitch Roofs, External Walls, Internal Walls, Cavity Walls and Floors], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Construction Insulation Materials market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Construction Insulation Materials industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are
.** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Construction Insulation Materials market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.