Building Insulation Material Market Growth Analysis, Share, Demand
by Regions, Types and Analysis of Key Players- Global Forecasts to
Market Research Future published a cooked research report on global building insulation material
market. The building insulation material market is expected to grow at a CAGR of around 3.49% during
the period, 2017 to 2023.
Building insulation is made up of materials that form a thermal envelope of a building and reduce heat
transfer. Various materials such as glass wool, stone wool, and EPS, are used to manufacture insulation
products. These are used across residential, and non-residential applications.
There are various organizations and departments across the globe that govern the application of
insulation in construction. This induces the market of building insulation material on a global level. Such
bodies and organizations govern the application of building insulation in various systems and structures
of a building. These regulations change with the region and country and governments are getting
stringent with such policies to promote energy efficiency in construction. This has spiked the demand for
building insulation materials, across the globe.
The industry faces a shortage of skilled workers. It has been seen that there is a lack of experienced and
trained workers and officers, required for the growth of the industry. This is also the reason for the
concentration of manufacturing facilities in few regions. This might hamper the market growth in the
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Market Research Analysis
The building insulation material market has witnessed moderate growth over the last few years and as
per analysis, the market will retain this growth rate during the forecast period. In the report, the market
has been divided into the following material stone wool, glass wool, EPS, XPS, and others. Glass wool is
the largest segment in building insulation market, by ma