A building acts as an environmental barrier. It separates the inside and the outside. Residential insulation is an important strategy for reducing energy consumption in homes because it limits heat absorption and loss via the building envelope. Polyurethane foam and extruded polystyrene are two types of insulation used in home building. Rising global temperatures and substantial climate changes have led in increased demand for thermal insulators in residential, non-residential, and industrial buildings in order to save energy and offer comfort for inhabitants over the previous few decades.
Asia Pacific Building Insulation Materials Market Report Scope and Research Methodology:
The research provides an in-depth analysis of the market, including key stakeholders in the Asia Pacific Building Insulation Materials industry. The volume, income, production, and sales of the market are all detailed in the Asia Pacific Building Insulation Materials market research. It clearly illustrates the market’s historical and current state, as well as anticipated trends and Asia Pacific Building Insulation Materials market size. The report used different research approaches, such as interviews, surveys, and so on, to fully understand customer behaviour.
The SMR report is the outcome of multiple approaches utilised in the study, including PORTER, PESTLE, and SWOT analysis, as well as a bottom-up approach to estimating the Asia Pacific Building Insulation Materials market size.These methodologies were utilised in the study to provide light on the important financial aspects on which key firms must concentrate when identifying competition and formulating market strategies.
Asia Pacific Building Insulation Materials Market Overview:
Stellar Market Research has released a research titled Asia Pacific Building Insulation Materials Market, which includes Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The study analyses insights in light of the Asia Pacific Building Insulation Materials market, as well as its ever-changing patterns, industry environment, and other leading market elements.
Asia Pacific Building Insulation Materials Market size was valued at US$ 7.11 Bn. in 2021 and the total revenue is expected to grow at CAGR of 3.57% through 2022 to 2027, reaching nearly US$ 8.78 Bn. by 2027.
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Asia Pacific Building Insulation Materials Market Segmentation:
The Asia Pacific Building Insulation Materials Market is divided into four product categories: Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Mineral Wool, and Others. With a market share of 47.6% in 2021, expanded polystyrene dominates the Building Insulation Materials Market. It is a type of insulation with exceptional properties such as sound absorption, light weight, and seismic resistance. One of the most prevalent applications is pipe insulation to minimize heat gain, condensation, or frost formation on water and air conditioning lines. Because of its water resistance, ability to reduce moisture-related problems, and energy-saving characteristics, extruded polystyrene will have a market share of 35.5% in 2021. Its ability to suppress microbial or fungal growth in the insulated region should also help growth. Because of the product’s remarkable properties, such as fire resistance, good heat barrier, environmental compatibility, and dimensional stability, mineral wool will have a market share of 16% in 2021. Over the forecast period, mineral wool’s growth is expected to be driven by its increasing use in thermal barrier applications. Other materials, such as PU foam and PIR foam, will account for 4.4% of the market in 2021.
The Asia Pacific Building Insulation Materials Market is classified into three applications: roof, wall, and floor. With a market share of 39.5% in 2021, the wall category dominates the Asia Pacific Building Insulation Materials Market. It was used in high-end architecture in 2021, and it maintained high energy efficiency standards in both residential and commercial structures. Walls are critical in reaching a building’s energy consumption targets, and the tropical climate of the Asia Pacific area contributes significantly to keeping buildings cool and less humid. Roof Segment has a 31% market share in 2021. The importance of meeting thermal building regulations is projected to increase demand for insulating products. because of the abundance of firm locations throughout Asia Pacific, particularly in rising economies, and because insulating materials are so significant in the industry. As a result of rising demand to reduce the energy costs of HVAC applications, the floor sector will have a market share of 29.5% in 2021. Thermal insulation is used in basement, garage, cantilever, and crawl space flooring. Increased product penetration for floor insulation in extremely cold places is projected to boost market expansion.
Asia Pacific Building Insulation Materials Market Key Players:
Armacell S.A. (Luxembourg)
Beijing New Building Material (Group) Co., Ltd. (China)
Evonik (Germany)
PT. Bondor Indonesia (Indonesia)
BYUCKSAN (South Korea)
Huamei Energy-saving Technology Group Co., Ltd. (China)
Johns Manville (U.S.)
Kaneka Corporation (Japan)
KCC Corporation (South Korea)
Kingspan Insulation LLC (Ireland)
Lloyd Insulations Limited (India)
NICHIAS Corporation (Japan)
ROCKWOOL International A/S (Denmark)
U.P. Twiga Fiberglass Limited (India)
GAF (U.S.)
Asia Pacific Building Insulation Materials Market Regional Insights:
The market report offers a thorough examination of market size, dynamics, and market share in the following regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Key Questions answered in the Asia Pacific Building Insulation Materials Market Report are:
- What is the expected Asia Pacific Building Insulation Materials market size by the end of the forecast period?
- What are the Asia Pacific Building Insulation Materials market segments?
- Which segment in the Asia Pacific Building Insulation Materials market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Asia Pacific Building Insulation Materials market?
- What key trends are expected to emerge in the Asia Pacific Building Insulation Materials market during the forecast period?
- Which region dominated the Asia Pacific Building Insulation Materials Market?
- Which regional market is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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