Building thermal insulation market 2024 PDF- Building Thermal Insulation Market | Page 2

will drive the product demand. It is extensively used in sheets & blankets form with a
temperature sustaining capacity of above 400 degrees Celsius.
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.
Flat roof will surpass USD 5.6 billion till 2024. Inclination towards flat roof trends in
commercial sector will drive the segment growth. Commercial sector expansion in terms of
grocery stores, convenience stores, and shopping malls will enhance building thermal
insulation market 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.
Residential market is set to grow over 4% through to 2024. High consumer spending, nuclear
family evolutions, and rising population will have a positive influence product demand.
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.
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