New York, United States, March 09, 2020 (GLOBE NEWSWIRE) -- The global building insulation materials market, estimated to be worth US$26.1Bn in 2019, is projected to grow at 7% CAGR during 2019-2029. The latest report by Persistence Market Research (PMR) states that manufacturers are developing smart and energy-efficient buildings to promote energy conservation along with saving on energy costs. Building energy codes and regulatory standards further encourage energy efficiency in building insulation materials.
Building Insulation Materials Market: Key Findings
- Polystyrene to remain preferred material; fiberglass gaining rapid momentum in the market
- Attributing to surge in number of large-scale housing projects and workplace infrastructure, residential and commercial construction activities to generate growth opportunities for manufacturers
- East Asia to maintain its leading market share; Europe and North America exhibit robust growth
- Sustainable building insulation materials witness augmenting demand
- Mineral wool and cellulose to gain prominence as renewable building insulation material
Get Sample copy of Building Insulation Materials Market: https://www.persistencemarketresearch.com/samples/31254
Building Insulation Materials Market: Key Driving Factors
- Improvement in healthcare infrastructure and the emergence of large-scale IT parks to fasten the market growth
- Growing awareness regarding energy conservation will generate opportunities for application of energy-efficient building insulation materials, boosting the market growth
- Favorable energy regulations to accelerate the adoption of energy-efficient building insulation materials
- Increase in Spending on non-residential construction in developing regions to propel the market growth
Building Insulation Materials Market: Key Restraints
- Volatility in prices of crude oil in the international market is restraining the adoption of building insulation materials like polystyrene
- The limited supply of raw materials like boron is challenging the adoption of fiberglass as building insulation material
Explore the complete building insulation materials market report with detailed market segmentation, 210 illustrative figures, and 52 data tables spread across 302 pages on: https://www.persistencemarketresearch.com/methodology/31254
Building Insulation Materials Market: Competition Landscape
Manufacturers are embracing advancements in manufacturing technology to expand their business in eco-friendly building insulation materials. Major market players are strengthening their global market presence through collaborations and acquisitions. Using sustainable building insulation materials made from recycled raw materials is one of the key growth strategies adopted by them to stay at the forefront in the market. Major players profiled in the global building insulation materials market are Saint Gobain SA, Johns Manville Corporation, Owens Corning Inc., Rockwool International A/S, Kingspan Group Plc. and BASF SE.
Explore Extensive Coverage of PMR’s Chemicals and Nanomaterials Landscape
India construction chemicals market - Identify a wide range of comprehensive insights such as revenue-generating factors, growth strategies, and revenue opportunities from this detailed research report.
Conductive carbon black market - Get a detailed analysis of the landscape of carbon black along with key winning strategies adopted by market players to stay at the forefront in the market. The study further illustrates the vital factors that impel remunerative growth.
Agrifiber products market - Procure elaborate insights on secondary and primary research done by key industry players to calculate the size of the agrifiber products market and other information related to major stakeholders.
Gain access to Market Ngage, an AI-powered, real-time business intelligence platform that goes beyond the conventional research solutions to solve the complex strategic challenges that organizations face today.
About the Report
This report offers an analysis of the market on the global, national and regional levels. The report further provides information on the latest trends in the market that are influencing the overarching growth of the building insulation materials market. The study provides varied insights on the building insulation materials market based on material type (fiberglass, mineral wool, cellulose, polyurethane foam, polyisocyanurate foam, polystyrene, and aerogels), insulation type (bulk and reflective), application (wall insulation, underfloor insulation, ceiling/roof insulation, and window insulation), and across seven key regions (Latin America, North America, Europe, East Asia, South Asia, Oceania, Middle East & Africa,).
About Us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact:
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
For Sales Enquiries: sales@persistencemarketresearch.com
For Media Enquiries: media@persistencemarketresearch.com
Research Report: https://www.persistencemarketresearch.com/market-research/building-insulation-materials-market.asp
Press Release Source: https://www.persistencemarketresearch.com/mediarelease/building-insulation-materials-market.asp