Market Research Report
Growth Opportunities in the Global Building Thermal Insulation Market 2016-2021: Trends, Forecast, and Opportunity Analysis
|Published by||Lucintel||Product code||368804|
|Published||Content info||182 Pages
Delivery time: 1-2 business days
|Growth Opportunities in the Global Building Thermal Insulation Market 2016-2021: Trends, Forecast, and Opportunity Analysis|
|Published: August 31, 2016||Content info: 182 Pages||
According to a new market report published by Lucintel, the future of the building thermal insulation market looks good with opportunities in the residential and non-residential segments. The global building thermal insulation market is expected to reach an estimated $31.8 billion by 2021 with a CAGR of 4.6% from 2016 to 2021. The major drivers of growth for this market are stringent government regulations on the reduction of greenhouse gas emission and to increase energy efficiency.
In this market, fiberglass, plastic foam, stone wool, and cellulose fiber are the major insulation materials. Lucintel forecasts that the fiberglass material segment is likely to experience the highest growth during the forecast period due to its environment-friendly and better flame-retardant properties. On the basis of its comprehensive research, Lucintel predicts that wall and floor applications are expected to show above-average growth during the forecast period.
Within the building thermal insulation market, residential is expected to remain as the largest market by value and volume. Growth in housing demand and increasing awareness towards energy efficiency which would spur growth for this segment over the forecast period.
Europe is expected to remain as the largest market due to the stringent government regulations to lower energy consumption and reduction in greenhouse gas emissions.
Asia Pacific is expected to witness good growth over the forecast period because of increasing awareness related to energy efficiency and growth in housing demand.
For business expansion, the report suggests innovation and new product development to enhanced fire-retardant properties and environment-friendly insulations. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.
The emerging trends, which have a direct impact on the dynamics of the industry, include shift towards greener insulation alternatives and increasing demand for high-temperature thermal insulation. Owens Corning, Kingspan Group, Saint-Gobain, Rockwool, and BASF are among the major suppliers of building thermal insulation. There are some companies that are opting for merger and acquisition as a strategic initiative for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global building thermal insulation market by material, end use industry, application, and region, and has come up with a comprehensive research report, “Growth Opportunities in the Global Building Thermal Insulation Market 2016-2021: Trends, Forecast, and Opportunity Analysis” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global building thermal insulation market by material, end use industry, application, and region as follows:
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of “Growth Opportunities in the Global Building Thermal Insulation Market 2016-2021: Trends, Forecast, and Opportunity Analysis” include: