LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement intelligence advisory firm, has announced the release of their ‘Building Thermal Insulation Market Procurement Research Report.’ The insights and data provided in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the facilities management industry. This report breaks down the data and analysis behind the procurement of building thermal insulation and acts as an all-inclusive guide for making smart purchasing decisions.
“The demand for building thermal insulation is increasing with rising stringency of government regulations for achieving high-energy efficiency in buildings,” says SpendEdge procurement analyst Bhuvaneshwari Udayakumar. “Also, suppliers are highly investing in R&D activities to enhance the performance capabilities of their product offerings in the market,” added Bhuvaneshwari.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Building Thermal Insulation Market:
- Vertical integration by suppliers
- Increasing M&A among category suppliers
- Rising focus on building a circular economy
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Vertical integration by suppliers
In the building thermal insulation market, the suppliers are increasingly focusing on vertical integration to avail a plethora of benefits such as the continuous supply of raw materials. Moreover, the vertical integration of suppliers also helps the buyers ensure consistency in their supply and helps them create tactical negotiation strategies. In addition, the suppliers can facilitate investments in specialized assets that the downstream players are reluctant to invest.
Increasing M&A among category suppliers
The global building thermal insulation market is witnessing the relentless growth in technologies to redefine their prevailing designing process, simulation tools, and building material properties. To accommodate these technologies, the suppliers are adopting M&A strategies to enhance their capabilities and penetrate across potential regions. In addition, prominent suppliers are entering into partnerships to promote the circular economy development.
Rising focus on building a circular economy
Rising concerns pertaining to sustainability are compelling suppliers to focus on building a circular economy to input resources and reduce material and energy consumption. The process of building a circular economy involves enduring designs and inculcating the scope for reuse, restore, and recycling aspects in the category.
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