The global building thermal insulation market size is anticipated to grow from USD 28.89 billion in 2020 to 29.85 billion in 2021 and is projected to hit USD 40.34 billion by 2028 and exhibit a CAGR of 4.4% during the forecast period. Building thermal insulation help in energy usage reduction in buildings by preventing heat transfer through the building encasement. It has witnessed steep demand in recent years due to swift industrialization and urbanization. The growing concerns regarding power conservation across residential and commercial applications are expected to surge the market growth. Fortune Business Insights™ has presented this information in its report titled, “Building Thermal Insulation Market, 2021-2028”. 

Key Players in this Market are:

• Atlas Roofing Company (U.S)

• Cellofoam North America Inc. (U.S)

• DuPont (U.S)

• Knauf Insulation (U.S)

• Owens Corning (U.S)

• Armacell S.A. (Luxembourg)

• Beijing New Building Material (Group) Co. Ltd. (China)

• Evonik (Germany)

• PT. Bondor Indonesia (Indonesia)

• BYUCKSAN (South Korea)

• Huamei Energy-saving Technology Group Co. Ltd. (China)

• Johns Manville (U.S)

• Kaneka Corporation (Japan)

• KCC Corporation (South Korea)

• Kingspan Insulation LLC (Ireland)

• Lloyd Insulations (India) Limited (India)

• NICHIAS Corporation (Japan)

• ROCKWOOL International A/S (Denmark)

• U.P. Twiga Fiberglass Limited (India)

• GAF (U.S)

• Superglass Insulation Ltd. (Scotland)

• Recticel Group (Belgium)

• Ursa (Spain)

• Firestone Building Products (U.S)

Segmentation-

On the basis of material, the market fragments into aerogels, cellulose, foamed plastics, mineral wool, and others.

On the basis of end-user, the market bifurcates into non-residential and residential.

On the basis of application, the market segments into walls, roof & ceiling, and floor & basement.

Geographically, the market is classified into five major regions- North America, Asia Pacific, Europe, South America, and the Middle East & Africa.

Report Coverage-

• The report focuses on the regional and global analysis for the prospected market.

• The report provides detailed information on different product types and segments.

• The report highlights strategies of growth for companies to wade through the COVID-19 pandemic.

• The report incorporates PESTLE Analysis and Porters’ Five Forces Analysis for an unerring prediction.

• The report focuses on the competitive landscape of the prospected market and highlights industry developments, new product launches, key market trends, etc.

Regional Insights-

Asia Pacific to Gain the Largest Share Due to Increasing Government Investments on Infrastructural Development

Asia Pacific is projected to gain the largest portion of the global building thermal insulation market share due to the increasing government investments in infrastructural development across India, China, and Southeast Asia. Additionally, the growing government regulations regarding energy consumption in India and China are anticipated to boost the growth of the market.

North America is expected to witness significant growth in the global market due to the government’s substantial support for energy-saving technologies. Moreover, the growing consumer awareness is likely to complement market growth.

Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/building-thermal-insulation-market-102708