The building thermal insulation market projected to reach USD 29.62 Billion by 2022

The building thermal insulation market size was USD 23.89 Billion in 2016, which is projected to reach USD 29.62 Billion by 2022, at a CAGR of 3.65% from 2017 to 2022. In this study, 2016 has been considered the base year, and 2017-2022 as the forecast period to estimate the market size of building thermal insulation market. Market sizes have been derived using both bottom-up and top-down approaches. First, the market size for material type (stone wool, glass wool, plastic foam, and others), application (wall, roof, and floor), and regions (Asia Pacific, North America, South America, Western Europe, Central & Eastern Europe, and Middle East & Africa) is identified through both secondary and primary research. The overall building thermal insulation market sizes for various regions and countries have been calculated by adding these individual market sizes. For future growth (CAGR) trends of the building thermal insulation market, the material types– stone wool, glass wool, plastic foam, and others have been analyzed. The secondary resources include annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and so on. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Building Thermal Insulation Market

The companies operating in the building thermal insulation market include Johns Manville Corporation (US), Saint-Gobain S.A. (France), BASF SE (Germany), Kingspan Group plc (Ireland), Knauf Insulation, Inc. (US), Owens Corning (US), Huntsman Corporation (US), Rockwool International A/S (Germany), Firestone Building Products Company (US), Cabot Corporation (US), Dow Corning Corporation (US), Covestro AG (Germany) , URSA Insulation, S.A. (Spain), Paroc Group Oy (Finland), Atlas Roofing Corporation (US), GAF Materials Corporation (US), Lapolla Industries, Inc. (US), Beijing New Building Material (Group) Co., Ltd. (China), NICHIAS Corporation (Japan), Fletcher Building Limited (New Zealand), ODE Industry and Trade Inc. (Turkey), Aspen Aerogels, Inc. (US), Trocellen GmbH (Germany), Recticel SA (Belgium), and KCC Corporation (South Korea).

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Source: MarketsandMarkets



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