According to the research report titled ‘GLOBAL BUILDING INSULATION MARKET 2021-2028,’ available with MarketStudyReport, global building insulation market is slated to progress at 3.06% CAGR in terms of revenue and at 2.59% based on volume during 2021-2028.

Paradigm shift towards green construction, increase in the renovation activities of old buildings, and supportive government regulations concerning environmental safety are determinants driving the development of global building insulation market.

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Also, the expansion of construction industry is revealing lucrative prospects for the stakeholders to maximize their gains through the review period.

Notwithstanding the optimistic aspect, the fluctuations in the prices of raw materials, and shortage of labor are likely to hinder the growth of market in the coming years.

In terms of end-user ambit, the business sphere is categorized into residential and commercial. Based on application spectrum, worldwide building insulation industry is divided into ceiling & attic, wall, floor, and others.

In terms of material type, the market is segmented into plastic foams (expanded polystyrene foam (EPS), polyurethane foam, extruded polystyrene foam (XPS)), and wool insulation (slag wool, rock wool, glass wool).

Speaking of the geographical range, North America market is poised to register a robust growth rate during the predicted timeframe, attributed to the surging acceptance of the concept of green buildings, particularly in countries like Canada and U.S., the increasing focus on reduction of greenhouse emissions, and widespread product application in residential & commercial settings.

The prominent players enhancing the remunerative aspect of global building insulation industry are Knauf Insulation Inc., Rockwool International A/S, Huntsman Corporation, Dow Chemical Company, Compagnie de Saint-Gobain S.A., Paroc Oy Ab, Johns Manville Corporation, BASF SE, Owens Corning, GAF Materials Corporation, Beijing New Building Materials Public Limited Company (BNBM Group), and Kingspan Group plc among others.