DALLAS, April 9, 2015 /PRNewswire/ --
The report "Building Thermal Insulation Market by Material (Wool Insulation, Plastic Foams and Others) and Application (Roof, Wall and Floor) - Global Trends & Forecasts to 2020" published by MarketsandMarkets, The Building Thermal Insulation Market size in terms of value is projected to reach $27.0 Billion by 2020, at a CAGR of 3.5% between 2015 and 2020.
Browse 92 Market Data Tables and 52 Figures spread through 136 Pages and in-depth TOC on "Building Thermal Insulation Market"
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Building insulation is done by using the materials such as glasswool, mineral wool, expanded polystyrene, extruded polystyrene, polyurethane foams and other insulating products to insulate the roof, floors and walls of a building. The need for energy conservation, reduction in electricity bills, and emission reduction potential of building insulation are key factors driving the demand for the building insulation products.
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One of the main market boosters for building insulation is the greenhouse gas emission reduction target set by many major countries. The Kyoto Protocol was adopted with the same reason in 1997 in Japan to fight with global warming. This protocol is one of the main reasons due to which different countries are going for building insulation to achieve their greenhouse gas emission reduction targets.
Several countries and regional organizations including U.S. and European Union have adopted legislation on energy efficient buildings. These legislations are growing stricter day by day and are now covering developing world as well. Stringent energy efficiency regulations for buildings are driving the penetration of insulation in the overall building stock and also increasing the amount of insulation needed per building.
Building Insulation is the most cost-effective measure to combat climate change. Proper insulation decreases the heat flow and can reduce cooling demand by up to 75%. The study of Building Thermal Insulation Market is important as it is very useful in climates that have a wide range of annual average temperatures and the market trend for different products varies with different geographical regions. This report not only provides a full estimate of the global building insulation market; it also gives a detailed analysis of their most critical micro-markets, which have remained unexplored so far.
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