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Building thermal insulation is an object in a building used as insulation for any purpose. While most of the insulation in buildings is for thermal purposes, it is also applying to acoustic insulation, fire insulation, and impact insulation. Thermal insulation in buildings is an important factor to achieving thermal comfort for its occupants. Moreover, thermal insulation reduces unwanted heat loss or gain and can decrease the energy demands of heating and cooling systems. Building thermal insulation contains many tiny air cavities, slows heat transmission when installed on a building’s interior or exterior surface, or in building cavities. Each type of insulation material receives an R-value rating, which is a measure of its thermal resistance. A higher R-value indicates a better insulator.
The building thermal insulation market has a developing potential owing to rising focus on energy conservation as thermally insulated homes and buildings are less affected by external environmental temperature. Moreover, increasing government efforts to promote energy efficiency and sustainable development are expected to fuel the growth of this market in coming years. However, the market is hampered by fluctuating prices of raw material and lack of awareness among the people.
The report analysis the building thermal insulation market based on material type, application, type of construction and geography.
Based on material type the global building thermal insulation market is segmented into, plastic foam, glass wool, stone wool and others which includes, aerogel, cellulose etc. The plastic foam is divided into polystyrene foam, polyurethane (PUR) & polyisocyanurate (PIR) foam and others including phenolic foam, elastomeric foam etc. Polystyrene foam is further bifurcated into, expanded and extruded polystyrene. Among these materials, the plastic foam segment accounted for the highest market share in 2017, owing to its properties such as high thermal resistance, high R value and density is low, and so the weight reduction compared to other options is significant. Moreover, this product type is anticipated to grow at a lucrative growth rate during the forecasted period.
Based on application, the market is segmented into, roof, wall and floor. In 2017, the wall segment dominated the market and is anticipated to maintain its market hold over the forecast period. The rising demand for energy efficient buildings and maximum loss of energy through walls in a building is expected to contribute to the segment growth.
By type of construction, the global building thermal insulation market is segmented into residential and non-residential building. the non-residential buildings are further segmented into, commercial building and others. Residential building sector dominates the market and is expected to experience higher growth prospects during the forecast period. High growth and investments in single-unit houses, as well as in commercial buildings such as office buildings, hospitals, hotels, and lodging, is expected to boost the demand for thermal insulation material.
By geography, the global building thermal insulation market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Europe is accounted for the largest share in 2017, followed by North America and Asia-Pacific. The Europe market for building thermal insulation makes an important contribution to the growth of the global market. This growth is attributed to growing consumer disposable income and increasing awareness regarding building thermal insulation.
Some of the major players operating in the global building thermal insulation market include BASF SE, Saint-Gobain S.A, Owens Corning, Dow Building Solutions, Kingspan Group PLC, Johns Manville Corp, Rockwool International A/S, Paroc Group Oy, GAF Materials Corp, Beijing New Building Material (Group) Co., Ltd, Knauf Insulation, Inc. and among others. Because of the rapid development of infrastructure in emerging regions, the major players are now focusing on achieving a first-mover advantage in the lucrative markets that this has generated.
The global building thermal insulation market is segmented based on material type, application, type of construction and geography. Based on types of material used in the thermal insulation, the market is segmented into, plastic foam, glass wool, stone wool and others which include aerogel and cellulose. The plastic foam market segment is further studied into, polystyrene foam, polyurethane (PUR) & polyisocyanurate (PIR) foam and other type of foam which include phenolic foam and elastomeric foam. The polystyrene foam covered in the report are, expanded polystyrene (EPS) foam and extruded polystyrene (XPS) foam. The plastic foam segment dominated the building thermal insulation market in 2017. Based on applications, the global building thermal insulation market is segmented into roof insulation, wall insulation and floor insulation. The roof insulation applications are further segmented into flat roof insulation and pitched roof insulation. The wall insulation application segment dominated the building thermal insulation market, both in terms of value and volume in 2017. Stringent government regulations particularly in the developed countries along with shifting trend towards flat roofs in commercial buildings will propel the industry growth. By type of construction, the global building thermal insulation market is segmented into residential and non-residential building. the non-residential buildings are further segmented into, commercial building and others. Residential building sector dominates the market and is expected to experience higher growth prospects during the forecast period. By geography, the global building thermal insulation market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Europe is accounted for the largest share in 2017, followed by North America and Asia-Pacific. The Europe market for building thermal insulation makes an important contribution to the growth of the global market. This fact is shown by the growth in revenue of leading producers of building thermal insulation in this region.
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