A
home has a very special place for each and every person in the world. It is one
place where you can be as you are and be comfortable with it. Talking about
comfort, it is of utmost importance that home has a comfortable atmosphere; and
to make that happen, among several other things maintaining the temperature of
the house in the apt range is of great significance.
To
maintain the temperature of the house in the comfort range, several appliances
are used such as heaters, air conditioners among others, leading to increase in
the consumption of energy and spurt in the energy consumption cost. These
downsides can be alleviated by the usage of special building materials, which
can thermally insulate the buildings, doing away with the usages of the
appliances. These causes has driven the demand in the Building Thermal
Insulation Market and it is expected to reach USD 38.95 billion by
2025, at a CAGR of 4.8%, according to a new report by Grand View Research, Inc.
For Full Research Report On Building Thermal Insulation Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/building-thermal-insulation-market
Types Of Thermal Insulation Material
Thermal Insulation is
the reduction in transfer of thermal energy between two or more objects in
thermal contact or radiative influence, having differing thermal temperature.
This phenomenon helps to reduce the loss or gain of heat by the building, which
leads to maintaining the apt temperature even in challenging conditions. It
also helps reduce the dependency on Heat, Ventilation, and Air
Conditioning (HVAC), thereby lowering the overall energy consumption. To
accomplish this, several types of insulation materials are used for
construction of the buildings. Those materials are:
- Expanded
Polystyrene (EPS)
- Extruded
Polystyrene (XPS)
- Mineral
Wool
- Aerogel
- Cotton
Wool
- Wool
Slag
Read our blog here: https://www.grandviewresearch.com/blog/building-thermal-insulation-market-size-trends
Factors At Play
Thermal
insulation has been gaining grounds in the world, riding on many factors. Some
of these factors contribute to the ever growing demand; others pose an
inhibiting effect of the market.
- Environmental
changes in the years have been proved to be a great booster to the demand
for the materials. Stricter regulations by several countries of North
America such as U.S (EPA), Canada and European countries have proved
to be helpful.
- Less carbon
footprint goes a long way in saving our environment by halting the
imminent danger of climate change in its path.
- Cost
reduction in the energy usage, due to less energy consumption is one
of the most important factors for the major shift towards the thermal
insulation.
- Being recyclable adds
onto the fact that these materials are pro-environment and their usage
will go a long way to save Mother Nature. Increasing preference for
green, biodegradable and recyclable products by homeowners, architects,
and businesses, owing to increasing environmental awareness is
expected to boost the growth of the market.
- High costs of
certain materials prove to be a hindering factor for the growth, as
those materials are only used in the niche applications.
How Does This Technology Aid Socio-Economic Development And
Environmental Protection?
The
primary aim of thermal insulation products in buildings is to provide the
occupants with thermal comfort. This results in healthy living conditions
thus resulting in improved productivity at workplaces. Thermal insulation
also reduces unnecessary heat loss or gain resulting in reduced energy demand
for cooling as well as heating requirements for buildings and thus lowering the
GHG emissions.
Implementation
of thermal insulation in buildings has provided the necessary economic stimulus
in various regions across the globe. For example, In Europe alone, there were
over 200,000 employees, actively involved in the value chain for materials
derived from cellular plastic products such as ISOPA, Polyurethanes, etc.
Business opportunities in developed countries will be dependent on the
implementation of energy efficiency codes which till date have been limited to
high rise buildings. Also, if programs such as North-South transfer,
South–South transfer are implemented then it will positively impact the
employment scenario in emerging markets.
Get request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/building-thermal-insulation-market/request/rs1
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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