Building Thermal Insulation Market to 2025 Growth Drivers, Trends, Challenges Faced by Major Key Players

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Building Thermal Insulation Market to 2025:
Growth Drivers, Trends, Challenges Faced by Major
Key Players
The global building thermal insulation market is anticipated to reach USD 36.9 billion by 2025. The demand
for energy is on a rise in the developed as well as developing countries and so is the price of energy.
Insulating homes help in curbing up to 20% of the regular energy costs as it considerably reduces the
cooling and warming prices during summers and winters. All these factors have propelled the demand for
thermal insulation market in residential as well as commercial buildings. Re-insulation of old houses
provides a lucrative opportunity.
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Europe is expected to account for the largest demand owing favorable government regulations. Asia
Pacific is anticipated to emerge as the fastest growing region, and China is likely to account for a major
share of the market. Other countries in this region such as the Philippines, Indonesia are expected to
witness rapid growth in upcoming years.
The market is mature and owing to large numbers of players it is considered to be price sensitive.
Implementation of stringent regulation poses a major challenge to most of the market participants but
this, in turn, is likely to result in high industry rivalry.
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Further Key Findings from the Study Suggest:
Asia Pacific is expected to gain 1.0% market share by 2025 and is anticipated to grow at highest estimated
CAGR of 4.2% during the forecast period
Asia Pacific is characterized by high insulation demand in residential and commercial buildings
Europe building thermal insulation is expected to grow at an estimated CAGR of 3.5% from 2016 to 2025
EU initiatives to promote thermal insulation as a means of energy conservation strategy are expected to
support the market growth in Europe
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Residential construction emerged as the largest segment with 50% of the total market demand in 2015
Expanded polystyrene (EPS) is projected to grow at the highest CAGR on account of its exceptional thermal
insulation property
Expanded polystyrene (EPS) accounted for 29.6% of market share by volume in 2015
Influential companies operating in this market include Dow Building Solutions, Owens Corning Corp.,
Johns Manville Corporation, Huntsman International LLC, CertainTeed Corporation, Kingspan Group PLC,
BASF Polyurethanes, Saint-Gobain S.A., etc.
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