Building thermal insulation market 2024 PDF- Building Thermal Insulation Market

Global construction industry in Building Thermal Insulation Market to cross $14 trillion by
2024: Global Market Insights Inc.
The industry report " Building Thermal Insulation Market Size By Material (Wool Insulation, Plastic
Foams), By Application (Wall, Roof, Floor), By End-Use (Residential, Commercial, Industrial),
Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Russia, Spain, China,
India, Japan, Australia, Indonesia, Thailand, Malaysia, Brazil, Mexico, Argentina, Saudi Arabia, UAE,
South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 –
2024 " Building Thermal Insulation Market size is estimated to exceed USD 34.9 billion by
2024; according to a new research report by Global Market Insights, Inc.
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.
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%. Benefits offered such as room temperature maintenance
at minimum possible energy consumption will increase the product penetration.
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.
Ease of installation, along with high moisture sensitivity, compressive strength, better thermal
conductivity and durability are key properties encouraging product penetration.
Technological enhancement such as multi chamber profiles, double and triple insulated glass
will promote industry growth.
Government financial support including low interest loans coupled with short payback period
of installation will fuel building thermal insulation market. Further, European Energy saving
regulations (EnEV) standards will strengthen business growth. However, increase plastic foam
cost and prolonged polyurethane foam exposure will restrain industry growth.
Wool insulation material contributes more than 50% of consumption in building thermal
insulation market in 2016. Increasing demand from commercial and residential construction
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