DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "2021 Americas Building Insulation Material (BIM) Market Growth Opportunities" report.

This research analyzes the American building insulation materials market and identifies opportunities and challenges for market growth.

Energy efficiency is a key factor in new construction and renovation projects in the area. Sustainability trends are driving the demand for materials with superior performance in terms of heat resistance, moisture resistance, recyclability, and fire resistance. The increasing focus on green and energy-efficient buildings in new buildings and renovation activities is driving the building and construction industry to adopt more insulation materials.

Insulation materials play a vital role in maintaining the internal environment of the building and improving the energy efficiency of the thermal insulation building envelope. The United States and Canada have adopted policies to promote building renovation activities and prevent heat gain/loss through proper insulation. These measures will boost the building insulation material market in the Americas during the forecast period.

The price of insulating materials is affected by the price of raw materials, the chemicals used in the formulation, and the volume consumption of insulating materials for different applications. For example, a large construction project may be able to purchase certain products in bulk at low cost. Due to their low prices, fiberglass materials may witness a high demand for cost-effective insulation materials for new and refurbished residential building structures. Foam insulation materials are favored in residential and non-residential buildings due to their enhanced fire resistance and moisture resistance. Other products, including aerogel, perlite, and wood fiber, are expensive and are used in advanced building technologies that require excellent insulation and fire protection.

The residential sector accounted for the highest consumption of insulating materials in the region in 2020, and this trend is likely to continue during the forecast period. Housing construction is being promoted by more and more DIY applications in remodeling and renovation activities. Therefore, due to the easy application of DIY homeowners, it is expected that residential end users will have higher demand for lightweight insulation materials (such as glass wool and spray foam, including PU and EPS).

The non-residential insulation market will be driven by the growth of off-site construction and the US government's funding program for infrastructure construction. Concerns about fire safety in public and commercial buildings have led to increased use of fire insulation products, including rock wool, VIP and aerogel.

7. Analysis of growth opportunities, mineral wool

8. Analysis of growth opportunities, foam

10. The universe of growth opportunities, the American building insulation market

For more information about this report, please visit https://www.researchandmarkets.com/r/63ka4r

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900