Market News Today Building Thermal Insulation Market | Page 3

anticipated to be the leading application segment as well as it is estimated to have rapid growth over
the forecast period.
Roof insulation is expected to gain popularity and emerged as the second largest application segment
in the industry. A roof is most likely to be a primary source of heat penetration as sunrays fall directly
on to a roof and hence it needs proper insulation to retain ideal temperature. Roof application
segment is estimated to develop at a CAGR of about 3.8% over the forecast period.
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End-Use Insights
In 2015, about 50% of the total global market demand was for the residential construction segment
and emerged as the largest segment. Residential construction is anticipated to increase by over 0.85%
by 2025 owing to rising thermal padding demand in residential buildings in the account to cut down
the energy consumption.
In, 2015 non-residential construction segment accounted for around 49% of total global market share
as per revenue. Rising awareness towards energy efficiency in public and commercial buildings owing
to high energy costs that ultimately leads to high maintenance costs is anticipated to further drive the
market
growth
over
the
forecast
period.
Regional Insights
Asia Pacific is expected to witness a fast growth, and it is estimated to occupy 26.4% of total market
share. The regional growth is categorized by high thermal barrier demand in commercial and public
buildings. The governments of the countries such as India, Japan, and China have been raising their
construction expenditure to enhance commercial and public infrastructure. These trends combined
with energy conservation wits to cut down greenhouse gas emissions are projected to propel the Asia
Pacific market growth during 2016 to 2025.
Europe is regulated by strict government policies under REACH. Moreover, the European Commission
takes initiatives to support energy conservation strategies associated with thermal insulation are
anticipated to support growth. Rising costs for energy and increasing awareness related to benefits
of thermal paddings among consumers are expected to impact positively on the market growth