BIS Research - Emerging Technology Market Intelligence

Insulation Materials Reducing the Greenhouse Gas Emissions in the Construction Industry

Apr 2, 2018 5:24:52 AM / by BIS Research posted in Insulation Materials Market Research report, Insulation Materials Market trends, Global Insulation Materials Market report, Global Insulation Materials Market Research, Advanced Materials & Chemicals, Global Insulation Materials Player Share Analysis, Global Insulation Materials Market Research report, insulating materials, Insulation Materials Market, Insulation Materials Market forecast, Insulation Materials Market growth, Insulation Materials Market Research, Insulation Materials Market share, Insulation Materials Market size

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In accordance with the Intergovernmental Panel on Climate Change(IPCC) report, buildings are the largest energy consuming sector with nearly 40% of energy consumed and are responsible for approximately 36% of global carbon emission. To deal with the same, the construction methods, material, and insulation materials have developed considerably. According to the market intelligence report by BIS Research titled, ‘Global Insulation Materials Market- Analysis and Forecast (2017-2021),’ the market is expected to reach $ 53.4 billion by the year 2021, registering a CAGR of 6.2% during the forecast period. This tremendous growth is attributed to the increase in demands of energy efficient products, governmental regulations, incentives, and rising market penetration of insulation products in several end-user industries. Furthermore, reduction in energy consumption and its related costs, stringent regulations to reduce greenhouse gas emissions, and the increase in net-zero energy buildings, population growth and urbanization are some of the factors propelling up the market for insulation materials.

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