February 27, 2020

Building Thermal Insulation Market will be growing at a CAGR of 4.6% during the forecast period from 2018 to 2026

According to the latest report published by Credence Research, Inc. “Global Building Thermal Insulation Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global market for building thermal insulation was 26,167 kilotonnes in 2017, with CAGR expected to grow by 4.6 per cent from 2018 to 2026.

Market Insights

Building thermal insulation is a material that helps to minimize heat transfer within buildings and therefore reduces the amount of energy required for heating or cooling and saves energy costs. Building insulation is the most cost-effective measure in climates with a wide range of average annual temperatures. Building thermal insulation demand is expected to grow steadily during the forecast period from 2018 to 2026 due to the adoption of favorable building codes and regulations that maximize their energy efficiency, the construction of new buildings, population growth and urbanization, and the increasing importance of reducing energy costs around the world.

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Europe is the dominant region in the market for thermal insulation. The European Region is actively working to reduce the environmental impact of buildings and maximize their energy efficiency by providing the materials needed to insulate the building envelope. Europe has made progress in adopting policies to promote the renovation of Europe’s building stock and prevent heat gain / loss from insulation. These measures are expected to boost both the construction sector and the market for thermal insulation materials for buildings. Europe is a net exporter of building thermal insulation materials, as the majority of top players are located in the region.

Based on the type of materials, this market is divided into plastic foam, glass wool, stone wool, and others (aerogel, cellulose, etc.). Plastic foam is further categorized as polystyrene foam (EPS and XPS), polyurethane foam (PUR) and polyisocyanurate foam (PIR) and other foam (phenolic foam, elastomeric foam, etc.). Plastic foam is the leading material type due to better insulation properties at economical prices. The plastic foam segment is closely followed by the glass wool segment with a significant market share in 2017.

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On the basis of application, the market for building thermal insulation is categorized as roof (flat roof and pitched roof), wall (external, internal and cavity wall) and floor. In 2017, wall dominated the segment in terms of value and volume. Whereas, by type of construction, the market is divided into residential and non-residential buildings (commercial and other). The residential construction segment held the largest market share in 2017 due to an increasing number of housing projects coupled with rising government spending on construction and construction, particularly in developing economies.

The competitiveness of building thermal insulation materials is considered to be moderate to strong. Such competitiveness can, however, be affected by the rising demand rate and quality standards for insulating products. Manufacturers on the market are investing extensive research and development in the introduction of economical materials with excellent insulating properties and eco-friendly in nature. In addition, smart solutions such as phase change materials, reflective coatings and other advanced materials with superior insulating properties are also being introduced to address the varying needs of consumers.

Key manufacturers of building thermal insulation operating in the market include Saint-Gobain S.A. (France), Dow Corning Corporation (U.S.), Owens Corning (U.S.), BASF SE (Germany), Covestro AG (Germany), Huntsman Corporation (U.S.), and Knauf Insulation, Inc. (U.S.) among others.

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 [Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Material Type Segment

  • Plastic Foam
    • Expanded Polystyrene Foam
    • Extruded Polystyrene Foam
    • Polyurethane (PUR) & Polyisocyanurate (PIR) Foam
    • Others (phenolic foam, elastomeric foam, etc.)
  • Glass Wool
  • Stone Wool
  • Others (aerogel, cellulose, etc.)

By Application Type

  • Roof
    • Flat Roof
    • Pitched Roof
  • Wall
    • External Wall
    • Internal Wall
    • Cavity Wall
  • Floor

By Construction Type

  • Residential Building
  • Non-Residential Building
    • Commercial Building
    • Others (educational building, religious building, government offices, etc.)

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

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