Worldwide Growth in Construction Activities Bolsters Sector

Global Building Insulation Market

DUBLIN, Jan. 23, 2023 (GLOBE NEWSWIRE) — Global Building Insulation Market Report 2022: Impact of the Ukrainian-Russian War report added of ResearchAndMarkets.com Recruitment.

The global building insulation market is projected to grow from $23.7 billion in 2021 to $25.66 billion in 2022, at a compound annual growth rate (CAGR) of 8.3%. The building insulation market is expected to grow to $30.96 billion in 2026 with a CAGR of 4.8%.

The building insulation market consists of sales of vermiculite, cement foam insulation, extruded polystyrene (Xps), and phenol formaldehyde resins. The value of this market is the value of the “factory gate”. That is, whether a manufacturer or creator of goods sells to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. It’s worth it.

North America was the largest region for the building insulation market in 2021. Asia Pacific is expected to be the fastest growing region during the forecast period. Regions covered in the Building Insulation Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Materials included in building insulation include fiberglass, mineral wool, cellulose, polyurethane foam, polyisocyanurate foam, polystyrene and airgel. Fiberglass refers to a strong, lightweight material made of small glass fibers that can be woven together and reinforced. Various insulation types include wall insulation, underfloor insulation, ceiling or roof insulation, window insulation, and bulk and reflective used for other applications. Some end users include residential, commercial, and industrial.

Increasing construction activity is expected to drive the growth of the architectural insulation market in the coming years. Construction activities refer to activities that are essential to the construction, demolition, assembly, alteration, installation, or installation of a building or structure. Rapid industrialization and urbanization have increased construction activity. These construction activities have created a huge demand for insulation for the construction of residential and commercial buildings. This is because insulation refers to energy-saving measures that reduce heat surpluses in warmer climates and climates and reduce heat loss in buildings in colder climates and climates.

For example, according to a report published by the Canada-based National Bureau of Statistics, Canada’s National Bureau of Statistics, investment in building construction will increase from $14.294 billion in April 2019 to $19.273 billion in 2020. increased to dollars. In addition, the 2022 US Construction Cost Trends report notes that, in the US, there will be an increase in home construction, which will continue to boost demand for materials and labor, intensifying competition and cost pressures. In the US, total construction costs have increased by 16% since the outbreak of the pandemic. Hence, increasing construction activity is driving the growth of the building insulation market.

Technological innovation has emerged as a key trend gaining popularity in the building insulation market. The major players operating in the building insulation market are focusing on innovation of new technologies to maintain their position in the market.

For example, in January 2021, Armacell, a Luxembourg-based industrial foam and flexible insulation manufacturer and supplier, will meet fire protection class B/BL-s2, d0, making buildings fire safe. Launched new AF/ArmaFlex generation to enhance. New elastomeric foam technology improves visibility in the event of fire and increases the time available to evacuate the structure.

In the event of a fire, smoke spreads rapidly throughout the building, obstructing escape and rescue routes and reducing visibility. Compared to other flexible elastomeric foam materials, AF/ArmaFlex Evo emits 50% less smoke, allowing occupants to leave the structure longer and improving access for rescue personnel.

Reason to buy

• Get a truly global perspective with this most comprehensive report available on the market, covering over 12 geographies.

• Understand how the market has been impacted by the coronavirus and how it may emerge and grow as the impact of the virus wanes.

• Russia Assessment – Impact of War on Supply of Agricultural, Energy and Mineral Commodities, and Direct and Indirect Impacts on Markets Analyzed in the Report.

• Impact of high global inflation on market growth.

• Create regional and national strategies based on local data and analysis.

• Identify growth segments to invest in.

• Use predictive data and the drivers and trends that are shaping the market to outperform your competitors.

• Understand your customers based on the latest market research findings.

• Benchmark performance against key competitors.

• Use the relationships between important data sets to develop better strategies.

• Well suited to support internal and external presentations with reliable, high-quality data and analysis

range
Target market:

1) By material: Glass fiber; Mineral wool; Cellulose; Polyurethane foam; Polyisocyanurate foam; Polystyrene;
2) by insulation: bulk; reflective
3) By application: wall insulation; underfloor insulation; ceiling or roof insulation; window insulation; other applications
4) By End User: Residential.commercial; industrial

companies mentioned

• Company of Saint-Gobain SA

• BASF SE

• Kingspan Group plc

• Knauf Insulation Ltd.

• owens corning

• Huntsman Corporation

• Rockwool A/S

• Cabot Corporation

• Dow Corning Corporation

• Covestro AG

• Atlas Roofing Corporation

• Johns Manville Corporation

• parok group oi

• Firestone Building Products Company LLC

• URSA Insulation SA

For more information on this report, please visit https://www.researchandmarkets.com/r/34ldhy.

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