Technavio has been monitoring the building thermal insulation materials market and it is expected to grow by $ 4.73 bn, accelerating at a CAGR of almost 3.39% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Building Thermal Insulation Materials Market: Receive Free Sample Report
Building Thermal Insulation Materials Market: North America to lead market growth during the forecast period
Building Thermal Insulation Materials Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BASF SE, Berkshire Hathaway Inc., Byucksan Corp., Compagnie de Saint-Gobain SA, Covestro AG, Dow Inc., Kingspan Group Plc, Knauf Insulation, Owens Corning, and ROCKWOOL International AS are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
Building Thermal Insulation Materials Market: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs:
Technavio research projects the building thermal insulation materials market to grow by $ 530.79 mn, accelerating at a CAGR of almost 4% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Building Thermal Insulation Materials Market: Key Market Driver
One of the primary factors that will trigger the growth of the building thermal insulation materials market size is growing demand from emerging economies. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
North America to Contribute 37% Growth through 2020-2024
37% of the market’s growth will originate from North America during the forecast period, with the US being the key market. Market growth in this region will be faster than the growth of the market in Europe and South America. Initiatives such as the Weatherization Assistance Program (WAP), tax rebates, and stringent government regulations will significantly drive the building thermal insulation materials market.
Buildings are one of the largest consumers of energy and carbon-dioxide polluters. About two-thirds of the energy consumption in buildings is used for heating, ventilation, and cooling. Numerous developed countries such as the US, Poland, Germany, and the UK have come up with tax rebates and incentives for constructing buildings with low energy consumption. The US government is already promoting building insulation by offering tax rebates and incentives on new home insulation or re-insulation if the thermal insulation standards were met by the individual homeowners. Moreover, green buildings with low energy consumption are offered tax rebates by many government bodies across the world. These factors are likely to increase the demand for building thermal insulation materials in the coming years.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
Building Thermal Insulation Materials Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BASF SE, Berkshire Hathaway Inc., Byucksan Corp., Compagnie de Saint-Gobain SA, Covestro AG, Dow Inc., Kingspan Group Plc, Knauf Insulation, Owens Corning, and ROCKWOOL International ASare some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
Building Thermal Insulation Materials Market: Key Highlights of the Report for 2020-2024
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
