Roof Insulation Market: Exploring Opportunities with Market Size and Growth Projections
by Kumar S. Digital Marketing SpecialistDuring the forecast period, the global
market for roof insulation is expected to grow at a significant rate.
Factors such as the reduction of greenhouse gas emissions, strict regulatory
environment, rebates, and tax credits for new constructions are expected to
drive market growth between 2023-2027. Roof insulation is highly preferred for
insulating residential or industrial premises due to its ability to prevent the
transmission of electricity, humidity, heat, noise, and shock. Additionally, it
helps maintain comfortable temperatures inside homes during winter and summer months,
leading to lower electricity consumption and gas bills. The popularity of
different types of roof insulation for various purposes, such as acoustic,
thermal, and electrical insulation, is driving the growth of the global roof
insulation market. Moreover, rising consumer awareness about energy
conservation and rapid urbanization are other factors driving market growth.
Stringent government regulations related to the environment and increased new
construction activities are also fuelling the growth of the global roof
insulation market during the forecast period.
The global roof insulation market is divided into segments
based on type, material, application, and region. The market is segmented into
batts & rolls, spray applied, rigid insulation, reflective systems, and
others based on type, with the batts & rolls segment accounting for over
one-third of the market share. In 2021, the Europe & CIS region led the global
roof insulation market, and the APAC region is expected to be the
fastest-growing market for roof insulation during the forecast period due to
the growing demand from the construction industry in countries such as China,
Japan, and Indonesia in the region.
Leading players in the global roof insulation market include
BASF SE, Rockwool International A/S, Berkshire Hathaway, Inc., Paroc Group,
Owens Corning Corporation, GAF, Knauf Insulation, Beijing New Building Material
(Group) Co., Ltd., Kingspan Group PLC, and Saint-Gobain S.A. These companies
are developing advanced technologies, launching new products, and engaging in
mergers & acquisitions to remain competitive in the market.
Browse more than 120 market data Tables and Figures spread through 110 Pages and an in-depth TOC on "Global Roof Insulation Market, 2027" - https://www.techsciresearch.com/report/global-roof-insulation-market/2438.html
Report Scope:
In this report, the global roof insulation market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Roof
Insulation Market, By Type:
- Batts
& Rolls
- Spray
Applied
- Rigid
Insulation
- Reflective
Systems
- Others
- Roof
Insulation Market, By Material:
- Glass
Wool
- Plastic
Foam
- Stone
Wool
- Others
- Roof
Insulation Market, By Application:
- Flat
Roof
- Pitched
Roof
- Roof
Insulation Market, by Region:
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Created on Mar 29th 2023 05:36. Viewed 97 times.