Building Insulation Market - Forecast(2021 - 2026)

Building Insulation can be defined as one of the important techniques to reduce the energy demand by deploying various energy saving measures and avoiding heat losses. Building insulation is considered to be the most effective techniques in climates having varied range of annual average temperatures. The building insulation market is flourishing across the globe due to the popularity of various building insulation materials which also helps in energy saving while controlling the greenhouse gas emissions.

The global building insulation market has been segmented on the basis of types insulation material used, applications, and different geographical regions. Based on different insulation material, the global building insulation market is classified into wool insulation, plastic foams, and others. Wool insulation material is further classified into rock wool, glass wool and slag wool.

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 Plastic foam insulation material is further divided into Extruded Polystyrene Foam (XPS), Polyurethane Foam (PUR/PIR), and Expanded Polystyrene Foam (EPS). Others include insulation materials such as perlite and wood fiber. By application, the market is characterized by roof insulation and wall insulation applications. Roof insulation applications are further classified into flat roof and pitch roof applications while wall insulation applications are divided into external, internal and cavity walls. Geographically, the market is characterized into Americas, Europe, Asia Pacific and rest of the World (RoW). In North America and Europe, the market growth is likely to be driven by the rising demand of wool market during the forecast period.

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The introduction of various policy and regulations supporting the demand of insulation in residential and commercial building is currently recognized as one of the leading factors bolstering the building insulation market demand worldwide. This can be construed as growing need to construct energy efficient buildings worldwide as a part of various energy saving initiatives by governments. Moreover, the market demand is paving way due to rising stringent requirements for new insulation and building codes which are generating awareness about the market. 

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The growing of real estate sector is also identified as key driver for the market during the forecast period. This is majorly supported by continuously happening rural to urban migrations, which is boosting housing construction in urban regions, thereby creating demand for insulation materials. During the forecast period, the market growth is predicted to get restricted by factors such as lack of awareness and slow growing construction sector in Europe.

Building Insulation Market

Some of the leading players in the global building insulation market are:

Rockwool International A/S

Owens Corning Corporation

Saint-Gobain S.A.

Beijing New Building Material (Group) Co., Ltd.

Johns Manville Inc. 

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