Global Building Insulation Market Report to 2026 – Insights and Forecasts with Potential Impact of COVID-19 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Global Building Insulation Market (by Type, Application, End-User, and Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2026)” has been added to from ResearchAndMarkets.com offer.

The global building insulation market is expected to register a value of US$36.70 billion in 2026, growing at a CAGR of 5.45% during the period 2022-2026.

Factors such as the expansion of the building and construction industry, increased emphasis on controlling greenhouse gas emissions, increasing urbanization, increasing emphasis on energy conservation and supporting government policies and initiatives would drive the growth of the market.

However, the growth of the market would be challenged by the volatility of raw material prices, high initial investment cost, lack of awareness and health issues related to the adoption of few insulation products. buildings. Notable trends include the increase in renovation activities for old buildings, the emerging inclination towards green building concept, rising energy costs and growing demand for environmentally friendly insulation materials.

The global building insulation market has been segmented on the basis of type, application, end user, and platform. In terms of type, the global market can be divided into foam, glass wool, rock wool, and others. Based on application, the global building insulation market can be categorized into wall insulation, roof insulation, and floor insulation. Whereas, according to end-user, the global building insulation market can be divided into residential and non-residential segments.

The fastest growing regional market has been Europe due to increasing number of initiatives introduced by the government to minimize the carbon footprint of buildings, increase in commercial and residential buildings and profitable growth opportunities within the building thermal insulation materials industry. Further, outbreak of COVID-19 pandemic negatively influenced the growth of the market in 2020 due to halt in construction activities and disruptions in the supply chain of building insulation materials. buildings.

Report scope

  • The report provides a comprehensive analysis of the global building insulation market, which is segmented into type, application, end-user, and region, with potential impact of COVID-19.

  • Major regional markets (Europe, North America, Asia-Pacific, Latin America, and Middle East & Africa), as well as national coverage of the United States and China, have been analyzed.

  • Market dynamics such as growth drivers, market trends, and challenges are analyzed in depth.

  • The competitive landscape of the market, as well as the company profiles of the major players (BASF SE, Saint-Gobain SA, Owens Corning, Kingspan Group PLC, Rockwool A/S and Recticel SA) are also presented in detail.

Market dynamics

Growth engines

  • Expansion of the building and construction industry

  • Put more emphasis on controlling greenhouse gas emissions

  • Growing urbanization

  • Growing focus on energy conservation

  • Supportive government policies and initiatives

Key trends and developments

  • Growth in renovation activities of old buildings

  • Emerging inclination towards the concept of green building

  • Rising energy costs

  • Growing demand for environmentally friendly insulation materials

Challenges

  • Commodity price volatility

  • High initial investment cost

  • Unconscious

  • Health Concerns Regarding the Adoption of a Few Building Insulation Products

Companies cited

  • BASF SE

  • Kingspan Group PLC

  • Owens Corning

  • Recticel AG

  • Rockwool A/S

  • Saint-Gobain SA

For more information about this report visit https://www.researchandmarkets.com/r/2iqcbb

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