Building Insulation Materials Market Size, Industry Trends and Report 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Building Insulation Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global building insulation materials market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Building Insulation Materials Market

Building insulation materials are components used to minimize heat transfer and enhance the energy efficiency of buildings. They comprise fiberglass, mineral wool, cellulose, natural fibers, polystyrene, polyisocyanurate, polyurethane, perlite, cementitious foam, and insulation facings. They also consist of phenolic foam, which has a closed cell structure and a high level of fire, smoke, and toxicity performance. They provide efficient acoustic insulation properties and protect the building occupants from noise pollution, and boost comfort and privacy. They also help lower greenhouse gas emissions and prevent condensation on walls and ceilings.

How Big Is the Building Insulation Materials Market?

The global building insulation materials market size reached US$ 23.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Global Market Trends and Drivers:

At present, the increasing demand for building insulation materials, as they help shield the interior of buildings from exterior temperatures, represents one of the crucial factors impelling the growth of the market. Besides this, rising investments in efficient building insulation materials to reduce electricity expenditure are contributing to the growth of the market. In addition, the growing construction of various deluxe residential apartments providing luxurious living experiences to homeowners is offering a favorable market outlook. Apart from this, the increasing adoption of sustainable building insulation materials, such as cellulose, glass wool, and polystyrene, is supporting the growth of the market. Additionally, the rising global temperature caused by global warming and climate change is bolstering the growth of the market.

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Material Type:

Fiberglass
Mineral Wool
Cellulose
Polyurethane/Polyisocyanurate Foam
Polystyrene
Others

Breakup by Application:

Floor and Basement
Wall
Roof and Ceiling

Breakup by End User:

Residential
Non-Residential

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

The key regions covered in the market report are Asia Pacific, Europe, North America, Latin America, Middle East and Africa.

Who Are The Key Players/Companies In Home Medical Equipment Market?

Atlas Roofing Corporation, BASF SE, Beijing New Building Material (Group) Co. Ltd., Compagnie de Saint-Gobain S.A., Dow Inc., DuPont de Nemours Inc., Huntsman Corporation, Johns Manville (Berkshire Hathaway Inc.), Kingspan Group plc, Knauf Gips KG, Owens Corning, Rockwool A/S and Synthos.

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Key highlights of the report: