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The Major Building Thermal Insulation Manufacturers are Focusing on Acquisitions to Strengthen Their Market Position by Increasing Their Share in the Building Thermal Insulation Market
The market size of building thermal insulation was USD 22.73 Billion in 2015 and is projected to reach USD 28.39 Billion by 2021, at a CAGR of 3.50% between 2016 and 2021. The major players adopted key strategies such as expansions and new product launches to meet the growing demand from end users. The major building thermal insulation manufacturers are focusing on acquisitions to strengthen their market position by increasing their share in the building thermal insulation market.
Major players operating in the global building thermal insulation market are Knauf Insulation (U.S.), Rockwool International A/S (Denmark), Johns Manville Inc. (U.S.), BASF SE (Germany), Owens Corning Corporation (U.S.), Paroc (Finland), Saint-Gobain (France), GAF (U.S.), Kingspan Group Plc (Ireland), and Beijing New Building Material (China).
Knauf Insulation (U.S.) is one of the leading building thermal insulation manufacturers, globally. The company has been focusing on expansion activities to maintain its leading position in the market. For instance, in January 2015, Knauf Insulation Group founded a new business unit, Knauf Insulation Customized Solutions (Slovenia). This helped the company cater the demand for specialized and small-batch products, and also raise the brand visibility among existing and potential markets.
Rockwool International A/S (Denmark) is another major player in the global building thermal insulation market. The company has been focusing on expansions as part of its strategic development activities. In June 2016, Rockwool inaugurated its new production facility in Poland. This new production plant had an investment of USD 106.93 million (80 million euro). This production line will cater to the rising demand for stone wool insulation in Poland. In February 2015, Johns Manville added JM Corbond Open-Cell Spray PUR foam (oc SPF) and JM Corbond Open-Cell Appendix X Spray PUR foam (ocx SPF) to its building insulation products line.
This report provides a detailed analysis of the building thermal insulation market and segments the same on the basis of insulant material, application, and region. Based on insulant material, the market has been segmented into wool insulation, plastic foams, and others. Based on application, the market has been segmented as wall insulation, roof insulation, and floor insulation. Based on region, the market has been segmented into North America, Western Europe, Central & Eastern Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
Building Thermal Insulation Market by Insulant Material (Glass Wool, Stone Wool, EPS, XPS, PU Foam, Polyisocyanurate, Phenolic Foams), Application (Flat Roof, Pitch Roof, External Walls, Internal Walls, Cavity Walls, Floor) - Global Trends & Forecasts to 2021
Markets and Markets
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