This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Building Thermal Insulation Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.
Impact of COVID-19 on Building Thermal Insulation Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
Key Players involve in this research are:
· Johns Manville Corporation, Saint-Gobain S.A., BASF SE,
· Kingspan Group plc, Knauf Insulation, Inc., Owens Corning,
· Huntsman Corporation, Rockwool International A/S,
· Firestone Building Products Company, Cabot Corporation,
· Dow Chemical Company, Covestro AG, URSA Insulation, S.A.,
· Paroc Group Oy, Atlas Roofing Corporation, GAF Materials Corporation,
· Lapolla Industries, Inc., Beijing New Building Material (Group) Co., Ltd.,
· NICHIAS Corporation, Fletcher Building Limited, ODE Industry and Trade Inc.,
· Aspen Aerogels, Inc., Trocellen GmbH, Recticel SA, and KCC Corporation.
Growth drivers and Market Value:
This report, from Stratview Research Building Thermal Insulation Market value and growth drivers over the trend period of 2021-26. According to the report -
Building Thermal Insulation market is likely to witness a CAGR of 9.8% during the forecast period. The prime factors that are driving the building thermal insulation market are the expanding global construction industry and the increasing demand from the automotive industry.
Based on the application type, the building thermal insulation market is segmented as roof insulation, wall insulation, and floor insulation. The wall insulation segment held the largest share of the market in 2019, and is expected to witness a healthy growth during the forecast period. Rising demand for energy-efficient buildings along with maximum loss of energy through building walls are the major factors behind the dominance of the wall insulation segment.
In terms of regions, North America is estimated to be the largest market for building thermal insulation during the forecast period. Significant demand from various end-use industries and the presence of major players in the region are the key factors behind the dominance of the region in the global building thermal insulation market. Asia-Pacific is expected to witness the highest growth during the forecast period. China, Japan, South Korea, and India are the driving forces of the region’s market.
Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.
Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.
Key Considerations for Market Forecast:
- Impact of lockdown, supply chain disruptions.
- Pre and post-COVID-19 market estimates
- Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Impact of COVID-19 on the Global Market
The Building Thermal Insulation report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.
Sneak peek into the Report:
The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market forecast analysis
Competitive landscape and dynamics: Market share, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends & Key success factors
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