Thermal insulation material is used across industries
to reduce energy consumption by maintaining the required temperature in the
particular area. Due to extensive usage of thermal insulation material in the
buildings the demand is growing rapidly which led to the growth of the thermal insulation
material market during the forecast period. According to the study, ‘Europe Building Thermal Insulation
Materials Industry Situation And Prospects Research’ suggests that some
of the major companies which currently operating in this sector with more
advance technology and improve policies includes Saint-Gobaim S.A., BASF SE,
Owens Corning, Kingspan Group PLC, Johns Manville Corporation, RockWool
International A/S, Paroc Group Oy, Gaf Materials Corporation, Bejing New
Building Material (Group) Co., Ltd., Knauf Insulation, Inc., Aspen Aerogels,
Inc., Atlas Roofing Corporation, Cabot Corporation, Cpvestro Ag, DOW Corning
Corporation, Firestone Building Products Company, Fletcher Building Limited,
Huntsman Corporation, KCC Corporation, Lapolla Industries, Inc., Nichais
Corporation, Ode industry and Trade Inc., Recticel SA, Trocellen GmbH, Ursa
Insulation, S.A. Moreover, increasing concern about environment is expected to
be a key opportunity for the growth of the building thermal insulation material
during the forecast period.
Building thermal insulation materials are the
building material which forms the building envelope which is a physical
separator between the conditioned and unconditioned environment of a building.
Building thermal insulation materials used to hamper the passing of heat
energy between two ends of which are differing in temperature. There are three
methods of heat transfer such as radiation, conduction and convection.
Furthermore, thermal insulation materials can be segmented on the basis of
material type and temperature range of the insulation material. Building
thermal insulation material reduces energy costs, keeping your home warm in the
winters and cool in the summer. Additional benefits of good thermal insulators
include energy conservation and temperature control of surface temperatures.
Whereas, the classification is done in the market on the basis of demand in the
market of building thermal insulation material such as Silicate Insulation
Materials, Ceramic Thermal Insulation Material, Powder Polystyrene Particles,
Foamed Cement and others. Whereas applications can be split in the market on
the basis of usage of the building thermal insulation materials such as
industrial building, civil residence and others. Therefore, the wide demand and
usage of the product will grow in the near future.
The market of thermal insulation material is still at
its nascent stage. However, with the wide usage and application of the market
of thermal insulation material have significant opportunities in upcoming years
to grow even more. Moreover, with the wide usage key players are focusing more
on the mergers & acquisitions and joint ventures to increase the market
share and new development in the technology for proper usage of material. The
demand for building thermal insulation material from the industrial building
sector majorly due to numerous applications. Hence, with the increase in the
population the usage of thermal insulation material in the civil residence has
been estimated to create promising growth opportunities and new investments
form the new entrants which will lead to a financial support in the market.
Moreover, development in the trends also plays a significant role in the growth
of the market. Therefore, the future of the market of building thermal
insulation material is expected to be bright in the near future.
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Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
