New York, Jan. 10, 2024 (GLOBE NEWSWIRE) — Building Insulation Materials encompass a range of products designed to reduce heat transfer and improve energy efficiency in buildings. These materials play a critical role in enhancing thermal comfort, reducing energy consumption, and minimizing environmental impact. The global Building Insulation Materials market is currently valued at USD 31.4 billion. With a compound annual growth rate (CAGR) of 5.5%, the market is anticipated to reach USD 53.5 billion by 2023–2033. Increasing demand for energy-efficient buildings, government incentives, and a surge in construction activities are driving market expansion.
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