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  • Rising urban population, boom in residential construction projects, and increased focus on development of the commercial and industrial sectors in East Asia are expected to boost the demand for building insulation materials. Implementation of building energy codes and regulatory standards backed by government initiatives, especially in countries such as China, is expected to positively influence the growth of the building insulation materials market.
  • Polystyrene, followed by fiberglass, is expected to be the prominent material of choice in the global building insulation materials market. However, increasing demand for eco-friendly products is expected to slow down the growth of the polystyrene segment.
  • Increasing number of large-scale housing projects, attributable to the growing population, along with rising focus on the development of healthcare, institutional, and office workplace infrastructure is expected to increase the number of residential and commercial construction activities. This is expected to translate into high demand for building insulation materials over the forecast period.
  • “Recyclable building insulation materials and products developed from recycled materials such as fiberglass are gaining popularity, attributable to increased environmental awareness among consumers and enforcement of stringent regulations on a global scale. Conventional products such as polystyrene and polyurethane & polyisocyanurate foams are expected to witness a setback due to this trend,” says a PMR analyst.

    Implementation of Stringent Building Energy Codes to Fuel Demand for Building Insulation Materials

    Growing inclination toward the adoption of smart and energy-efficient building concepts and energy codes in commercial as well as non-commercial construction, such as BREEAM and LEED, has a positive impact that boosts the demand for building insulation materials, primarily fiberglass, mineral wool, and cellulose. Growth in green construction activities due to rising environmental concerns, high & volatile energy prices, and impact on health & comfort of occupants are all driving the growth of the building insulation materials market.

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    Building Insulation Materials Market: Competition Overview

    The global building insulation materials market is consolidated, with leading market players accounting for a high market share. Increased emphasis on strengthening of global footprints through acquisitions, business expansions, and collaborations is one of the key trends observed in the global building insulation materials market. Development of sustainable products using recycled raw materials provides a competitive edge to market participants. Some of the key participants in the global building insulation materials market are Saint Gobain SA, Rockwool International A/S, Johns Manville Corporation, Kingspan Group Plc., Owens Corning Inc., and BASF SE.

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    Company Profile,

    • BASF SE  
    • Dow Inc.
    • GAF Materials corporation
    • Knauf Insulation
    • Saint-Gobain S.A
    • GlassRock Insulation Company SAE
    • Rockwool International A/S
    • Owens Corning Inc.
    • Lloyd Insulations Limited
    • Covestro AG
    • Kingspan Group Plc.
    • Beijing New Building Material
    • Cabot Corporation
    • Johns Manville