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DUBLIN , Sept. 15, 2022 /PRNewswire/ -- The "Global Building Thermal Insulation Market by Material (Glasswool, Stonewool, Plastic Foam), Application (Roof Insulation, Floor Insulation, Wall Insulation), Building Type (Residential, Non-Residential) and Region - Forecast to 2027" report has been added to  ResearchAndMarkets.com's offering.

The global building thermal insulation market will grow to USD 35.3 billion by 2027, at a CAGR of 4.7% from USD 28 billion in 2022.

The use of building thermal insulation has witnessed significant growth because of the increasing requirement for improved heating and cooling comfort and better fire resistance of building thermal insulation materials, such as glass wool, stone wool, and plastic foams. The key factors driving the building thermal insulation market are the recovery in new construction of residential and non-residential buildings worldwide.

Plastic foam material is projected to be the fastest-growing type of building thermal insulation market during the forecast period

By material, the building thermal insulation market is classified into glass wool, stone wool, plastic foam, and others. Plastic foam is estimated to dominate the market during the forecast period due to its increasing use in external facade insulation, external wall insulation, sandwich panel, and cavity wall insulation. The higher compressive strength and energy efficiency of plastic foam, especially EPS foam, is estimated to drive its demand in building thermal insulation.

Roof insulation application is estimated to be the second largest application in building thermal insulation market, in terms of value, in 2021

By application, the building thermal insulation market is segmented into wall insulation, roof insulation, and floor insulation. Roof insulation is projected to be the second largest application of building thermal insulation between in 2021. The increase in construction of non-residential buildings, such as industrial, commercial, educational, and healthcare buildings, is expected to drive the demand for roof insulation, globally.

Non-residential buildings are projected to be the fastest-growing end-use industry of building thermal insulation market during the forecast period

Building thermal insulation have wide usage in the medical industry. It is imperative for a drug to have a homogenous concentration in a solution; otherwise, it may not be as effective as it was designed to be. Building thermal insulation are added to the drug solution to form a finely dispersed solution. Tablets also have a certain amount of building thermal insulation added to them. By using building thermal insulation, the tablet disintegrates evenly inside the patient's body, thereby working effectively. Homogenous distribution of the pigment or color in the tablet also requires building thermal insulation.

North America is estimated to be the second-largest building thermal insulation market, in terms of value, in 2021

North America was the second largest market for building thermal insulation in 2021, in terms of value. Stringent building energy codes in the region and growth in the housing sector, accompanied by rising demand for green buildings, drive the demand for building thermal insulation. The retrofit market, development of green buildings, and rising energy efficiency codes and building specifications are estimated to drive the building thermal insulation market in the region. In addition, increased focus on energy-efficient buildings, stringent requirements for insulation, and new building codes has generated awareness regarding thermal insulation in buildings in the region.

4.1 Attractive Opportunities for Players in Building Thermal Insulation Market

4.2 Building Thermal Insulation Market Size, by Region

4.3 Europe : Building Thermal Insulation Market, by Material and Country, 2021

4.4 Building Thermal Insulation Market Size, Building Type vs. Region

4.5 Building Thermal Insulation Market, by Key Countries

5.2.1.1 Stringent Regulations to Reduce Greenhouse Gas Emissions

5.2.1.3 Reduction in Energy Consumption and Related Costs

5.2.2.1 Fluctuation in Prices of Plastic Foam

5.2.2.2 Availability of Green Insulation Materials

5.2.4.1 Lack of Awareness About Building Thermal Insulation

5.4 Key Stakeholders & Buying Criteria

5.4.1 Key Stakeholders in Buying Process

5.5.1 GDP Trends and Forecast for Major Economies

5.7.1 Average Selling Prices of Key Players, by Application

5.7.2 Average Selling Price, by Region

5.8 Trends/Disruptions Impacting Customer's Business

5.8.1 Revenue Shifts & Revenue Pockets for Building Thermal Insulation Market

5.11.1 Case Study on Rockwool International A/S

5.12.1 Import Scenario of Building Thermal Insulation

5.12.2 Export Scenario of Building Thermal Insulation

5.13.1 Regulations Related to Building Thermal Insulation

5.14 Key Conferences & Events in 2022-2023

6 Building Thermal Insulation Market, by Material

6.2.1 Growth in Building & Construction Industry to Lead to Increased Demand for Plastic Foam

6.2.3 Polyurethane (PUR) & Polyisocyanurate (PIR) Foam

6.3.1 Lightweight, Non-Combustible, High Tear Strength, and Corrosion-Resistant Properties

6.4.1 Construction & Architectural Sectors Escalating Demand

7 Building Thermal Insulation Market, by Application

7.3.1 Rising Energy-Efficient Buildings Driving Demand

7.4.1 High Quality and Technological Advancements Driving Demand

8 Building Thermal Insulation Market, by Building Type

8.2.1 Robust Manufacturing and Increase in Industrial Activities

8.3.1 Urbanization and Government Regulations on Energy-Efficient Buildings

9 Building Thermal Insulation Market, by Region

10.2 Strategies Adopted by Key Players

10.3.1 Ranking of Key Market Players, 2021

10.3.2 Market Share of Key Players

10.3.3 Revenue Analysis of Top Five Players

11.2.13 Neo Thermal Insulation (India ) Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/gtqlfr

Research and Markets Laura Wood , Senior Manager [email protected]

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