MARKET OUTLOOK
The publisher’s report implies that the Asia-Pacific building insulation market is expected to witness growth at a CAGR of 3.14% (revenue) and 2.67% (volume) during the years 2021-2028. South Korea, India, Japan, Australia & New Zealand, ASEAN countries, China, and Rest of APAC form the market in this region.The Japanese government’s effort to revitalize the economy by concentrating on infrastructural development is anticipated to increase the growth of the construction sector. Moreover, the government is anticipated to invest significantly to develop games-related infrastructure. Besides, the growing population base in the country is likely to enhance the demand for the residential construction market, which will influence the demand for building insulation materials. Hence, as stated above, these factors are boosting the building insulation market on a growth path within Japan over the upcoming years.
Similarly, India’s construction sector is likely to gain momentum over the next few years, owing to government support for infrastructural development. Further, the government and private sector investments in residential and commercial buildings are likely to fuel the construction sector’s growth. Under the Pradhan Mantri Awas Yojana, the government aims to construct a large number of houses in urban and rural areas. Hence, the development of smart cities contributes to the construction sector’s growth, which will directly amplify the demand for building insulation materials. Therefore, all these factors play a key role in driving the building insulation market’s progression across India.
COMPETITIVE OUTLOOK
Some of the companies in the building insulation market are Johns Manville Corporation (Berkshire Hathaway), Owens Corning, Beijing New Building Material (Group) Co Ltd, GAF Materials Corporation, BASF, and Huntsman Corporation.Table of Contents
1. Asia-Pacific Building Insulation Market - Summary
2. Industry Outlook
3. Asia-Pacific Building Insulation Market Outlook - by End-User
4. Asia-Pacific Building Insulation Market Outlook - by Application
5. Asia-Pacific Building Insulation Market Outlook - by Material
6. Building Insulation Market - Asia-Pacific
7. Competitive Landscape
8. Research Methodology & Scope
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Basf
- Beijing New Building Material (Group) Co Ltd
- Gaf Materials Corporation
- Johns Manville Corporation (Berkshire Hathaway)
- Huntsman Corporation
- Kingspan Group
- Knauf Insulation Inc
- Owens Corning
- Paroc Group
- Rockwool International A/S
- Dow Chemical Company
- Saint-Gobain Sa
Methodology
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