The building thermal insulation market was valued at $ 23.76 billion in 2021 and is predicted to reach $ 29.40 billion in 2026, with a CAGR of 3.27% from 2021 to 2026. Building thermal insulation Buildings is employed to reduce the amount of energy required to heat or cool home and to minimize heat leakage in winters and hot air penetration in summer. Building insulation tends to be the most cost-effective measure in climates that have a wide range of mean annual temperatures. Thermal insulation buildings is a method of preventing heat loss or gain in the building. It involves the flow of thermal energy between two bodies with different temperatures. Thermal insulation materials for buildings vary in color, core composition, surface finish, texture, performance, and have low thermal conductivity, typically less than 0.1 W / mK. Some of the materials employed for thermal insulation in buildings are glass wool, rock wool, expanded polystyrene (EPS), extruded polystyrene (XPS) and polyurethanes (PU).
The growing sustainability trends towards zero energy consumption in homes, as well as advances in the insulation of residential buildings equipped with integrated photovoltaic panels and double skin façade, will further expand the market. The rapid emergence of sustainable urban developments through the smart use of space in specific residential units due to strong population expansion around the world will drive call from the industry.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 – 2026 |
|
Base Year |
2019 |
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Forecast Period |
2021 - 2026 |
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CAGR |
5.0% |
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Segments Covered |
By Product, Type, Consumption, Distribution Channel and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Johns Manville Corporation (US), Saint-Gobain S.A. (France), BASF SE (Germany), Kingspan Group plc (Ireland), Knauf Insulation, Inc. (US), Owens Corning (US), Huntsman Corporation (US), Rockwool International A/S (Denmark), Firestone Building Products Company (US), Cabot Corporation (US), Dow Corning Corporation (US), Covestro AG (Germany), URSA Insulation, S.A. (Spain), Paroc Group Oy (Finland), Atlas Roofing Corporation (US), GAF Materials Corporation (US), Lapolla Industries, Inc. (US) |
The increase in construction and construction activities around the world is one of the main expansion drivers of the worldwide market for thermal insulation of buildings. Growing concern about energy conservation in buildings has driven call for the use of insulation materials in the non-residential and residential sectors, thus escalating market expansion over the foreseen period. Environmental protection agencies around the world are working to reduce greenhouse gas emissions associated with the residential and industrial sector. In cold countries, building thermal insulation material is employed during building construction, helping to reduce energy use to maintain indoor temperature. It is a key driver in the worldwide building thermal insulation market. To reduce greenhouse gases due to the use of conventional energy sources, developed countries have implemented strict building codes. This makes it necessary to use other means to avoid heat loss and cooling of buildings. The inaction of various policies and regulations that favor the call for insulation in residential and commercial buildings is one of the main factors driving market call. The growing awareness and need for energy efficient structures to reduce high energy costs in commercial and public buildings is predicted to drive the market in the non-residential segment.
The fluctuation of the prices of plastic foams is likely to hamper the expansion of the market due to the changes in the costs of crude oil in the international industry, as polystyrene is a derivative of crude oil.
At present, the construction of green buildings is gaining popularity in various regions of the world. However, the harsh winter near the poles requires insulation of buildings to prevent heat loss. This is a key factor in driving the market for thermal insulation in buildings. The need for a sustainable alternative to conventional energy to insulate residential and industrial buildings in cold countries to avoid heat losses will serve to provide great opportunities for the building thermal insulation market. High energy requirements, stringent government carbon targets, and increased government initiatives to promote energy efficiency operations are driving several lucrative opportunities for the building thermal insulation market during the foreseen period mentioned above.
The availability of environmentally friendly insulating materials constitutes a barrier to the worldwide market for thermal insulation of buildings.
By Material:
The escalating utility of glass wool in thermal barrier applications in commercial and public buildings will further promote market expansion.
By Application:
Insulating the walls helps reduce costs and energy loss by trapping heat inside the home in winter and limiting heat penetration into the home in summer.
By Building Type:
The residential sector accounts for about 55% of world consumption in 2019. Changes in consumer preferences, increased consumer purchasing power and energy savings play an important role in the adoption of thermal insulation products in the residential segment.
The European market for thermal insulation of buildings is predicted to exceed US $ 12.4 billion in turnover by 2026. Europe has faced energy problems for decades and has therefore become one of the largest consumers of thermal isolation. The depletion of natural resources, high carbon emissions and climate change have forced the EU to use environmentally friendly construction techniques. The increase in purchases of Generation Y apartments in several countries in the region, as well as the change in preferences towards modern renovation activities, will provide solid prospects for expansion of the regional market. Regulations and policies developed by various government agencies in different European countries in favor of zero GHG emissions will enhance the overall expansion of the industry.
The Asia Pacific market is predicted to be the fastest growing regional market during the foreseen period due to the increase in the number of construction activities in the region supported by government agencies. Furthermore, continued population expansion and rising GDP per capita in the region is driving the need for more residential and non-residential buildings, consuming more thermal insulation materials in the region, thus driving the expansion of the worldwide market. North America occupies an important part of the world market for thermal insulation of buildings. Due to the presence of agencies such as the US Green Building Council (USGBC) and Leadership in Energy and Environmental Design (LEED), which promote the adoption of advanced insulating materials in buildings that provide a low-carbon environment, thus evolving towards greater sustainability.
The Latin American market is predicted to register a stable CAGR in the coming years due to critical climate changes and growing worldwide warming problems in the region, countries such as Peru and Colombia are turning to sustainable construction. In Latin America, the construction sector is one of the largest emitters of greenhouse gases, responsible for 25% of carbon emissions. In this way, the need arises for thermal insulation materials in the construction industry to reduce the carbon footprint of the environment.
The companies operating in the building thermal insulation market include Johns Manville Corporation (US), Saint-Gobain S.A. (France), BASF SE (Germany), Kingspan Group plc (Ireland), Knauf Insulation, Inc. (US), Owens Corning (US), Huntsman Corporation (US), Rockwool International A/S (Denmark), Firestone Building Products Company (US), Cabot Corporation (US), Dow Corning Corporation (US), Covestro AG (Germany) , URSA Insulation, S.A. (Spain), Paroc Group Oy (Finland), Atlas Roofing Corporation (US), GAF Materials Corporation (US), Lapolla Industries, Inc. (US), Beijing New Building Material (Group) Co., Ltd. (China), NICHIAS Corporation (Japan), Fletcher Building Limited (New Zealand), ODE Industry and Trade Inc. (Turkey), Aspen Aerogels, Inc. (US), Trocellen GmbH (Germany), Recticel SA (Belgium), and KCC Corporation (South Korea).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Building Thermal Insulation Market, By Product
6.1.1 Glass Wool
6.1.2 Mineral Wool
6.1.3 EPS
6.1.4 XPS
6.1.5 Market Size Estimations & Forecasts (2019-2024)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Building Thermal Insulation Market, By End-Use
6.2.1 Residential
6.2.2 Commercial
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Building Thermal Insulation Market, By Application
6.3.1 Roof
6.3.2 Wall
6.3.3 Floor
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Product
7.2.3 By End-Use
7.2.4 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Product
7.3.3 By End-Use
7.3.4 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By End-Use
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Product
7.5.3 By End-Use
7.5.4 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Product
7.6.3 By End-Use
7.6.4 By Application
8. Key Player Analysis
8.1 Johns Manville Corporation
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Saint-Gobain S.A
8.3 BASF SE
8.4 Kingspan Group plc
8.5 Knauf Insulation, Inc
8.6 Owens Corning
8.7 Huntsman Corporation
8.8 Rockwool International A/S
8.9 Dow Corning Corporation
8.10 Covestro AG
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
