Building Thermal Insulation Market is expected to observe significant gains by 2025
Category: #business  By Partha Ray  Date: 2019-09-10
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Building Thermal Insulation Market is expected to observe significant gains by 2025

Rapidly increasing focus towards curbing energy consumption in the residential and commercial spaces, building thermal insulation market has come to chart out an extremely profitable growth path lately. It is no secret that heating and cooling operations account for a large share of total energy demand in the residential, commercial and industrial sectors. In the EU alone, buildings and industries are slated to account for half of region’s energy consumption for heating and cooling purposes. Estimates claim that by 2030, the requirement of energy for cooling buildings is expected to rise by 72%.

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Aided by advancements such as enhanced thermal properties, excellent soundproofing, and easy installation methods, the global building thermal insulation market is expected to cater to widespread demands more often than not. Additionally, growing efforts and investments to build energy efficient infrastructures to minimize carbon footprint, enhance thermal comfort and more, will also contribute towards industry expansion.

Building Thermal Insulation Market, By Application:

  • Wall insulation
    • Internal wall
    • External wall
    • Air cavity wall
  • Roof insulation
    • Flat roof
    • Pitch roof
  • Floor

As per official reports, in May 2019, the U.S Department of Energy (DoE) announced an investment of around $33.5 million for early-stage R&D in advanced building construction techniques primarily to reduce energy bills and to address a combination of envelope, heating, cooling and ventilation issues. Initiatives such as the aforementioned are expected to further bolster the overall building thermal insulation market.

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As the awareness pertaining to the harmful impact of conventional construction dawns on industry contenders, and the proliferation of green construction practices depicts an upsurge, the building thermal insulation market share is expected to observe an incline. As per estimates, building thermal insulation industry size will surpass $35bn by 2025.

Due to the rapid surge in the construction activities owing to proliferating urbanization trends, the worldwide building thermal insulation market will procure massive proceeds over the coming years. According to the United Nations, about 68% of the world’s population is likely to reside in urban areas by 2050 – signifying the addition of 2.5 billion people to the foray. A substantial proportion of this increase is anticipated to take place in Asia and Africa. It is thus rather overt that the adoption of advanced insulation materials to build and manage urban spaces will become vital in the years to come, paving the way for the expansion of building thermal insulation market.

Major building thermal insulation market manufacturers:

  • Kingspan Group
  • Armacell
  • Saint-Gobain
  • Huntsman International
  • Knauf Gips KG
  • Dow Chemical Company
  • Johns Manville
  • Owens Corning
  • BASF Polyurethanes

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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