SAN FRANCISCO, January 19, 2017 /PRNewswire/ --
The global building thermal insulation market is anticipated to reach USD 36.9 billion by 2025, according to a new report by Grand View Research, Inc. The demand for energy is on a rise in the developed as well as developing countries and so is the price of energy.
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Insulating homes help in curbing up to 20% of the regular energy costs as it considerably reduces the cooling and warming prices during summers and winters. All these factors have propelled the demand for thermal insulation market in residential as well as commercial buildings. Re-insulation of old houses provides a lucrative opportunity.
Europe is expected to account for the largest demand owing favorable government regulations. Asia Pacific is anticipated to emerge as the fastest growing region, and China is likely to account for a major share of the market. Other countries in this region such as the Philippines, Indonesia are expected to witness rapid growth in upcoming years.
The market is mature and owing to large numbers of players it is considered to be price sensitive. Implementation of stringent regulation poses a major challenge to most of the market participants but this, in turn, is likely to result in high industry rivalry.
Browse full research report with TOC on "Building Thermal Insulation Market Analysis By Product (Glass Wool, Mineral Wool, EPS, XPS), By Application (Roof, Walls, Floor), By End-use (Residential, Non-residential), Trends & Dynamics, Competitive Landscape, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/building-thermal-insulation-market
Further Key Findings from the Study Suggest:
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Grand View Research has segmented the building thermal insulation market on the basis of product, application, end-use and region:
Read Our Blog : http://www.grandviewresearch.com/blog/building-thermal-insulation-market-size-trends
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Grand View Research, Inc
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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