GLOBAL THERMAL INSULATION
MATERIAL MARKET Market Size (2019)
US$ 51.0 BN
CAGR (2019 – 2027)
4.2% © Coherent Market Insights. All Rights Reserved
Segmentation (Scope)
Plastic Foam Stone Wool Fiberglass Other
By Material Type
By Temperature Range
(-1600C to -500C)
(-490C to 00C)
(10C to 1000C)
(10C to 6500C) © Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved
Major Drivers
Increasing government initiatives for encouraging construction of green buildings.
Growth in number of partnerships and collaborations among major players
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EUROPE
ASIA PACIFIC
Market Size
Market Size (2019)
US$ 13.8 BN
US$ 22.7 BN
CAGR (2019-2027)
CAGR (2019-2027)
2.8%
6.1%
Major Driver Increasing investments for sustainable development across the region
Major Drivers Rising investments in construction industry by governments Surge in number of smart cities in emerging economies © Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved
Saint-Gobain S.A.* Kingspan Group Dow Chemicals Company
Major Players
Asahi Kasei Corporation BASF SE Owens Corning Bayer AG Rockwool International E. I. du Pont de Nemours and Company Berkshire Hathaway
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Global Thermal Insulation Materials Market, Revenue Share (%), By Material Type, in 2018 42%
XX%
XX%
XX%
Plastic Foam
Stone Wool
Fiber Glass
Others © Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved
Global Thermal Insulation Materials Market – Opportunity Analysis
Rising investments in Asia-pacific region especially by key players
Opportunity Analysis
Rise in development of smart cities projects in emerging economies © Coherent Market Insights. AllAll Rights Reserved © Coherent Market Insights. Rights Reserved