However, fluctuating raw material prices and strict environmental regulations are estimated to hamper the overall market growth in the years to come. The strong presence of manufacturing industries in China, India, Brazil, and Mexico is estimated to boost the demand for fiberglass insulation in industrial buildings. This trend is anticipated to further boost the market growth. The rising demand for sustainable residential buildings on account of the growing population and rapid urbanization is a recent end-use trend estimated to drive industrial growth. Furthermore, technological enhancements in thermal insulation like vacuum insulation panels and R&D activities to advance transparent thermal insulation are the factors estimated to create new opportunities for industrial development.
Building Thermal Insulation Market 2019 Current Industry Trends, Sales, Production, Supply, Demand,
The UK Thermal Insulation Market Report examines the key market drivers in the thermal insulation market and how the introduction of tighter building regulations to reduce carbon emissions is impacting the thermal insulation market. This report covers the thermal insulation market size, market forecast, market segmentation and trends in the thermal insulation market.
The recent buoyancy in thermal insulation market demand in the private housing RMI sector is now strongly challenged by the fuel cost inflation pressure. However, soaring energy costs also provide a positive motivation for thermal insulation demand, especially affordable measures such as loft insulation and draught proofing as homeowners look for ways to reduce their heating costs.
Tighter building regulations to reduce carbon emissions, introduced in June 2022, result in increased demand in the new build sector and thus the thermal insulation market. Retrofit activity will need to be scaled up significantly to progress towards carbon emission reduction targets and mitigate fuel poverty. This will require much firmer government policies, new incentives and a long-term, ambitious strategy.
The Future Homes Standard, to be introduced in 2025, is set to boost thermal insulation market demand in the new build sector. A focus on high-performance thermal building envelopes and taking a whole-house retrofit approach will become increasingly important as the UK progresses to meet climate targets.
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