Industrialization and Need for Energy Efficient Buildings will Boost Asia Building Thermal Insulation Materials Industry-Ken Research Thermal insulation materials are used to avoid transfer of heat energy from two differing temperature regions. These materials provide high quality insulation to avoid heat absorption. Thermal insulation materials are segmented on the basis of material type and temperature range of the insulation material. Various building thermal insulation materials are stone wool, fiberglass, plastic foam, and others. Thermal insulation materials are categorized based on temperature ranging from -160° C to -50º C, -49º C to 0ºC, 1ºto 100ºC, and 101ºC to 650ºC. Thermal insulation materials are used in various fields such as buildings, spacecraft, mechanical systems, clothing, natural animal insulation, automotive, and others. The major factors affecting the quality of thermal insulation materials are insulation thickness, specific heat capacity, thermal bridging, surface emissivity, density, and thermal conductivity. Thermal insulation materials are used across various industries to reduce energy consumption by maintaining the required temperature in a particular area. Thermal insulation materials are used in construction industry to maintain temperature range of around 1ºC to 100ºC. According to the study “Asia Building Thermal Insulation Materials Industry Situation and Prospects Research report”, the key factors driving the growth of thermal insulation materials market are increasing investment in the construction industry, rising number of manufacturing units, and growing urbanization. Asian countries have formulated strict regulations to reduce energy consumption. Developing economies such as India have adopted the Energy Conservation Building Code (ECBC) to help reduce the energy consumption by using green building materials. Other Asian countries are making huge efforts to achieve zero-energy standards in order to reduce the pollution generated in the production of thermal energy. There are increasing environmental concerns which are the key opportunities for the growth of the thermal insulation market in Asia. The greatest market challenge is the high capital cost of thermal insulation materials which is a hurdle in the growth of the thermal insulation market. Residential buildings and commercial offices are the major consumers of more than 30% of the energy which is utilized for the cooling and heating of buildings. Asia accounts for a maximum share of the thermal insulation material market with the introduction of LNG and other similar materials.
Asia building thermal insulation materials market consists of numerous vendors such as BASF, Knauf Insulation, Owens Corning, Paroc Group, ROCKWOOL International, Atlas