Industry Outlook and Trend Analysis
The Building Thermal Insulation Market was worth USD 22.15 billion in 2014 and is expected to reach approximately USD 30.50 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.62% during the forecast period. Rising interest for insulation particularly from the residential and non-private application portions attributable to the rising energy expenses and developing awareness with respect to vitality preservation is anticipated to drive the interest for thermal isolation materials market. Thermal isolation materials help in diminishing the collection of warmth inside the structures, in this way bringing about lower reliance on conditioning, and in this manner likewise reducing the vitality costs.
Product Outlook and Trend Analysis
Mineral wool has points of interest, for example, fire safety, efficient heat barrier, dimensional strength, bio-stability, water repellency, ecological compatibility, chemical resistance, vapour permeability and sound absorption. The thermal qualities of EPS are perceived by the SANS-204 standard for energy effective materials. EPS likewise is rot-proof, completely recyclable, non-toxic, and resists water. These are a portion of the components that are foreseen to support the interest for EPS over the gauge time frame.
Application Outlook and Trend Analysis
A large portion of the individual homes in the U.S. are 20-25 years of age when thermal barriers were not prominent and in this manner restoration and re-protection of these homes will profit the general market in the district. Wall insulation holds the biggest share and is anticipated to overwhelm the market request over the figure time frame. Developing foundation segment in developing markets of China, India, Brazil, Mexico and South Africa is anticipated to drive thermal insulation demand in non-residential developments.
End User Outlook and Trend Analysis
Growing infrastructure division in developing markets of India, Brazil, China, Mexico and South Africa is anticipated to drive thermal insulation demand, chiefly in non-private developments. Activities by the U.S. Dept. of Energy through Weatherization Assistance Program to enhance the vitality productivity of low-income households are foreseen to additionally drive North America market development over the estimate time frame.
Regional Outlook and Trend Analysis
Resurgent building development activity combined with the adoption of strict construction codes , for example, the International Energy Conservation Code (IECC), in North America, is foreseen to bolster thermal insulation demand in the area. In addition, the activities focused towards making existing structures more vitality productive in the U.S. is foreseen to enable the area to represent the most significant share of the overall industry in North America.
The Building Thermal Insulation Market is segmented as follows-
By End User:
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?