Global Building Thermal Insulation Market, Forecast to 2025

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Dublin, Jan. 14, 2020 (GLOBE NEWSWIRE) -- The report has been added to offering. The building thermal insulation is anticipated to grow at 4.2% CAGR during the forecast period.Global building thermal insulation market is growing attributed to the growing demand in residential and commercial application due to increasing energy costs and importance of energy conversation and implementation of stringent regulations. Moreover, government initiatives to promote energy-efficient operations are expected to benefit the demand for the product.The global building thermal insulation industry is segmented on the basis of product type, and end-user. Based on product type, the market is segmented into mineral wool, glass wool/fiberglass, cellulose, polyurethane foam, polystyrene, and other. Based on end-user, the market is segmented into commercial and residential.The global building thermal insulation market is further segmented based on geography including North America, Europe, Asia-Pacific and Rest of the World. North America is expected to significant share in the market due to the largest consumer of insulation materials and has considerable growth in the construction industry in the region. Asia-Pacific is the fastest-growing region in the market driven by nonresidential insulation.The key players of building thermal insulation market include Owens Corning, Johns Manville Corp., Knauf Gips KG, The Dow Chemical Co., Rockwool International A/S, Huntsman Corp., BASF SE and Saint-Gobain S.A.

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Globe Newswire: 11:53 GMT Tuesday 14th January 2020

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