Report ID: UCMIR15F2045
Report ID:
UCMIR15F2045 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Thermal insulation for buildings in North America is expected to reach an anticipated value of USD 11.79 billion in 2022 and expand at a CAGR of 3.5% over the next five years. Residential construction is expanding, and strict building regulations like the International Energy Conservation Code (IECC) in North America have been put in place. Both factors are credited with the development. Due to the region's rising GDP as well as recent policy changes that are likely to be advantageous to the manufacturing sector, the industrial sector is also anticipated to experience substantial growth. The demand for thermal insulation for buildings is therefore anticipated to increase in the upcoming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction Materials by segment aggregation, the contribution of the Construction Materials in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR15F2045