According to the research report titled ‘Global Building Insulation Market 2021-2028’, available with Market Study Report, global building insulation market is anticipated to record a CAGR of 3.06% and 2.59% based on revenue and volume, respectively, throughout 2021-2028.
 

Growing renovation of old buildings, increasing preference for environmentally beneficial construction, coupled with favorable government regulations are the major factors driving the global building insulation market growth. Additionally, the growth opportunities in the construction vertical are positively swaying the market dynamics.
 

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Speaking of the negatives, fluctuating prices of raw materials, along with shortage of labor are hindering the overall progress of the market.
 

Considering end user ambit, worldwide building insulation industry is segmented into residential, and commercial. Speaking of application range, the marketplace is categorized into floor, wall, ceiling & attic, and others.
 

Based on material type, the industry space is divided into wool insulation and plastic foams. Among these, wool insulation segment is further classified into slag wool, glass wool, and rock wool. While, plastic foams segment is divided into extruded polystyrene foam, expanded polystyrene foam, and polyurethane foam.
 

The geographical analysis of worldwide building insulation industry extends to Latin America, Middle East & Africa, Asia Pacific, Europe, and North America.
 

Expert analysts speculate that North America market holds a significant position and is reckoned to showcase substantial growth over the forecast timeline, owing to factors like growing concept of green building in the U.S. and Canada, where the focus to minimize greenhouse emission is fostering the demand for building insulation.
 

Prominent players influencing global building insulation industry trends are Compagnie de Saint-Gobain S.A., Dow Chemical Company, Paroc Group Oy, Knauf Insulation Inc., Huntsman Corporation, Johns Manville Corporation (Berkshire Hathaway), Rockwool International A/S, GAF Materials Corporation, Owens Corning, Beijing New Building Material (Group) Co. Ltd., Kingspan Group plc, and BASF SE.