Building Thermal Insulation Market

However, there are some factors that restrain the insulation market as well. Plastic foam insulation materials are susceptible to the volatility in crude oil prices in the international market as polystyrene is a downstream derivative of crude oil. This reduces the competitiveness of plastic foams with respect to fiber glass insulation materials. Another raw material which has limited supply is boron, which is required in the manufacturing of fiber glass insulation materials. Most of the boron required is mined from two primary deposits in the U.S. and Turkey. Polyurethane spray foam (SPF) is an effective insulation and air sealant material, but there exists health concerns such as breathing problems, and asthma upon exposure to MDI and other SPF chemicals which are the key ingredients in it.

North America is the largest consumer of insulation materials, and the revived growth in construction industry in the region is expected to drive growth of insulation materials in the region. The insulation market in Europe is mostly dependent upon re-insulation of old buildings. Asia pacific is the fasted growing region for building insulation market, primarily driven by non-residential insulation. The manufacturing economies of China and India, have created a market for insulation materials, while the market in Japan is matured.

Some of the key companies in the building insulation market are Owen Cornings, Johns Manville, Certain Teed, Knauf Gips KG, Dow Building solutions, Atlas Roofing Corporation and Huntsman Corporation among many others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.