SAN FRANCISCO, Sept. 15, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Roof Insulation - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 6; Released: April 2021 Executive Pool: 2826 Companies: 47 - Players covered include BASF SE; Beijing New Building Material (Group) Co., Ltd.; Berkshire Hathaway Inc.; Compagnie De Saint-Gobain SA; GAF; Kingspan Group PLC; Knauf Insulation; Owens Corning; Paroc Group Oy; Rockwool International A/S and Others. Coverage: All major geographies and key segments Segments: Application (Flat Roof, Pitched Roof); Material (Glass Wool, Stone Wool, Plastic Foam, Other Materials); Type (Batts & Rolls, Rigid Insulation, Spray Applied, Reflective Systems, Other Types) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific ( Australia; India; South Korea; and Rest of Asia-Pacific); Latin America ( Argentina; Brazil; Mexico; and Rest of Latin America); Middle East ( Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Roof Insulation Market to Reach $11.4 Billion by 2026Amid the COVID-19 crisis, the global market for Roof Insulation estimated at US$9.6 Billion in the year 2020, is projected to reach a revised size of US$11.4 Billion by 2026, growing at a CAGR of 2.9% over the analysis period. Flat Roof, one of the segments analyzed in the report, is projected to record a 3.2% CAGR and reach US$8.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pitched Roof segment is readjusted to a revised 2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.7 Billion in 2021, While China is Forecast to Reach $2.3 Billion by 2026The Roof Insulation market in the U.S. is estimated at US$2.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2026 trailing a CAGR of 5.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR. More
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