MarketReports Building Thermal Insulation Market Applications

Building Thermal Insulation Market In-Depth
Analysis by Key Benefits, Outlook, Dynamics
and New Technologies Forecast to 2025
“Globally, the Building Thermal Insulation Market is expected to witness an exponential CAGR in the
years to come, providing numerous opportunities for market players to invest in research and
development of the market.”
This could be credited to growth in Construction Industry and the ever-increasing urbanization. Plus, trends
are shifting toward upgradation of padding system (in existence) to suffice construction standards. Users are
emphasizing on lessening energy consumption bills. That’s why retrofitting insulating material in attics and
walls has garnered attention. Besides, stern codes are being implemented by governments for lessening
industrial energy consumption; which would bolster the market further.
The focus is also shifting to core competencies in a broad range of the materials inclusive of XPS and EPS. This
shift is urging manufacturers to improve materialization of optimum distribution channels for eating into the
market share. On these lines, in May 2015, Knauf Insulation inked an agreement with CanWel Building
Materials (Canada) for enhancing the former’s distribution channel.
Call for ecological balance is also driving the market. Industry expansion is being propelled by increasing
energy-efficient green building construction for minimizing carbon footprint and enhancement in thermal
comfort. Adoption of “zero energy buildings” is on the rise.
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