Building Thermal Insulation Market size is estimated to exceed USD 34.9 billion by 2024. Rising demand for energy conservation and high growth in construction spending will propel building thermal insulation market. Global construction industry was valued above USD 7 trillion in 2015 and will exceed USD 14 trillion by 2024. China, U.S and India together accounted for nearly 55% share in the same year.
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MaketStudyReport.com adds a New Building Thermal Insulation Market Research Report for the period of 2017-2024. The report presents a deep study of the market growth factors and drivers.
High energy saving, reduced carbon footprints, and easy product availability are key factors fueling building thermal insulation market. Heat loss in a building through its walls, roofs and floors accounts for more than 70%.
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Increasing adoption rate of International Energy Conservation Code (IECC) from 2012 has stimulated product growth in construction sector. Additionally, government norms corresponding to limited greenhouse gas emissions and energy conservation is anticipated to drive building thermal insulation market.
Expanded polystyrene will witness 4.2% CAGR up to 2024. Superior properties including lightness, durability and process ability of the material have enhanced the industry growth.
It offers similar thermal resistance as that of its counterparts with even lesser quantity due to high R-value.
Polyurethane registered over 580 million square meters demand in 2016. Durable and safe way of reducing carbon emission and keeping construction cool will enhance the industry growth.
Wall application was valued over USD 12 billion in 2016. Weather proofing requirements and enhancement towards energy efficiency will boost the application usage in the market.
Heat transfer from walls in a building accounts for 35% of total heat loss.
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UAE is anticipated to worth more than USD 260 million in 2016 and has become one of the most attractive hub for infrastructure spending. Increased adoption of technologies for curbing hot weather conditions, greenhouse gases and improved business environment will strengthen the product demand.
Global industry share includes Dow, Owens Corning, Johns Manville, Huntsman International, CertainTeed, Kingspan Group, BASF Polyurethanes, and Saint-Gobain.
Building Thermal Insulation Market research report includes in-depth coverage of the industry with estimates & forecast of volume in Million Square Meter, revenue in USD million from 2013 to 2024, for the following segments:
Building Thermal Insulation Market, By Material:
Open cell materials (wool insulation)
Glass wool, Stone wool, Others (cellulose & aerogel)
Closed cell materials (Plastic foams)
Expanded polystyrene, Extruded polystyrene, Polyurethanes, Others (phenolic foams & polyisocyanurate insulation)
Building Thermal Insulation Market, By Application:
Wall insulation, Internal wall, External wall, Air cavity wall, Roof insulation, Flat roof, Pitch roof, Floor insulation
Building thermal insulation Market, By End-Use:
Residential, Commercial, Industrial
The above information has been provided on a regional and country basis for the following:
North America, U.S., Canada, Europe, Germany, UK, France, Italy, Russia
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