The latest research report titled ‘Global Residential Insulation Market: Analysis By Material  , Project Type, Area of Building, Housing Type, By Region, By Country : Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, claims that worldwide residential insulation market was worth USD 26.12 billion in 2019 and is estimated to grow momentously through 2025.
 

Surging construction of residential buildings, backed by rapid industrialization and urbanization, in tandem with federal initiatives to promote sustainable and green infrastructure are bolstering the growth of worldwide residential insulation market. In fact, World Green Building Council in 2019, urged all new buildings and infrastructure to reduce embodied carbon by at least 40% and reach net zero operational carbon by 2030. It further appealed existing buildings and renovations to attain net zero operational carbon by 2050.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3001804/
 

According to the report, global residential insulation market, based on material terrain, is classified into mineral wool, fiberglass, foamed plastic, and others. Moving on to project type, the industry is segmented into retrofit, and new build. As per area of building, the market is divided into roof & attic, exterior walls, and others. While, considering housing type, the industry is fragmented into manufactured housing, multi-family, and single-family.
 

From the regional perspective, global residential insulation industry landscape is divided LAMEA, Europe, Asia Pacific, and North America, with country-level scrutiny of India, China, Japan, South Korea, Germany, Italy, United Kingdom, France, Canada, and United States.
 

Industry experts claim that Asia Pacific residential insulation market amassed significant revenues in the past and will continue to grow substantially over 2020-2025, on account of ongoing residential construction projects in the region. Surging demand for luxury housing units, and heavy expenditure towards infrastructural development in emerging economies will sway the business dynamics forward.
 

Major players in global residential insulation industry sphere are Covestro AG, CertainTeed, Huntsman Corp., Kingspan Group, Johns Manville, Owens Corning, DuPont, BASF SE, Rockwool International A/S, and Knauf Insulation. These industry behemoths are framing expansion strategies such as new product launches and collaborations to assert their regional dominance. For instance, Johns Manville launched a mineral wool based non-combustible insulation called CladStone Water & Fire Block in 2017. The product, reportedly, offers superior fire resistance, high thermal resistance, and enhanced acoustic performance.