Building Thermal Insulation Market in the Asia-Pacific Region is Projected to A Growth Rate of 4.0%

Date: 2015-08-21

“The building thermal insulation market in the Asia-Pacific region is projected to register the highest growth rate of more than 4.0% over the next five years. RoW is projected to witness significant growth between 2015 and 2020. 

The major restraints in the building thermal insulation market are slow growth of construction sector in Europe and lack of awareness. The housing construction sector in some of the regions is still struggling to gain momentum. This has a direct impact on the building insulation market as well while hampering its growth in the European region. When it comes to low energy and insulated houses there are a number of misconceptions among the general public as well as building professionals about their cost and associated problems. At the same time, many of the benefits are not understood. To ensure a transition towards such buildings, these misconceptions need to be addressed.

The market study analyzes the key building insulation materials with respect to major geographies which include North America, Europe, Asia, and ROW. This evaluates the building insulation products such as glasswool, rockwool, EPS, and XPS in different geographies as the market split and usage of these products differ in different geographical regions. For an instance, the Asian market is the major user of plastic foam insulation products while U.S. and European markets are the major users of rockwool and glasswool for building insulation. Studying these products with respect to major continents is important to develop a holistic picture of the global market for building insulation.

The report provides the study of market players/manufacturers for the proper understanding of the competitive landscape for building insulation market. The report studies different market players with respect to the products they offer.The companies, such as BASF (Germany), Johns-Manville Corporation (U.S.), Kingspan Group Plc (Ireland), Knauf Insulation (Germany), Owens Corning (U.S.), Paroc Group (Finland), and Rockwool International (Denmark),  have also been profiled in this report. 


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