by The global insulation materials market is on the rise. According to research and consulting company, Precedence Research, the market size of insulation materials worldwide will hit US$ 105.6 billion by 2030, up from US$ 68.97 billion in 2022. This means a cumulative average growth rate (CAGR) of 5.47% from 2022 to 2030. The report contains 150+ pages with detailed analysis.
The Asia Pacific region had the largest market share in recent years. This region occupies the largest part of the insulation materials market. The Asia Pacific region consists of the countries like Australia, South Korea, Japan, China and India. As there is a rise in the construction industry in these regions the market for insulation material is expected to grow during the forecast period.
Increase disposable income and the increasing population in these emerging countries have increased the sales of real estate in the recent years. There has been a tremendous growth in the construction industry in countries like Indonesia, Australia, Thailand and Vietnam. There have been residential and commercial constructions which are driving the market for insulation materials in China.
There has been an increase in the construction output in this region due to the various government policies. Due to the announcement of the smart city projects and housing for all by the year 2022 by the Indian government there shall be an increased demand for insulation materials market. The construction sector is also boosted in the Indian region during the expansion of various startups which demand insulation materials.
Insulation Materials Recent developments
In February 2020, Parafon, the producer of stonewool based acoustic solutions was acquired by Rockwool International AS. This acquisition will help in establishing its footmarks in northern Europe and nourishing stone wool with its excellent acoustic performance in order to enhance the consumer base.
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Insulation Materials Market Report Scope
| Report Coverage | Details |
| Market Size by 2030 | USD 105.6 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 5.47% |
| Asia Pacific Market Share in 2021 | 41% |
| Construction Sector Market Share in 2021 | 34% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Product, End User, Distribution Channel, Geography |
Insulation Materials Market Report Highlights
- On the basis of the product, the expanded polystyrene segment is expected to grow during the forecast period. The property of this product of being high tensile plastic foam which is extremely lightweight creates a demand in the market. The glass will segment is also expected to have a steady CAGR during the forecast.
- On the basis of the end user, the construction segment is expected to grow.The reason for the growth of this sector is the increasing number of buildings in the urban areas which are insulation intensive.
Insulation Materials Market Dynamics
Drivers
The increasing building and construction activities across various regions are driving the market growth. As there’s an increase in the per capita income of the individuals and various economic reforms that are helping the economic growth in many Asia Pacific regions like China and India the market for insulation is expected to grow. Indian government policy which aims at 100 smart cities and housing for all by 2022 we will drive the Indian construction market during the forecast period. The Australian construction industry for the residential sector is also expected to grow during the forecast period.
The increasing demand for housing has led to a growth in the market. There has been an increased amount of investment in the residential sector in the United states. The demand for insulation material is expected to improve for United States in the residential construction sector. The use of insulation materials in building and construction for walls, roof, floors and for retrofitting the existing buildings in order to improve the temperature inside the building is expected to drive the market. The major sector which is driving the growth of insulation materials is the building and construction sector.
Restraints
Demission of greenhouse gases during the manufacturing of the insulation materials is one of the major reasons that hamper the growth of this market. As there is stringent government policies in order to curb the emission of these greenhouse gases These government policies restrain the growth of the market. The release of hydro chlorofluorocarbons and chlorofluorocarbons which impact the environment by releasing extremely harmful greenhouse gases restrains the growth. There are organizations that monitor and standardize these emissions. In order to reduce the emission which are extremely hazardous there are periodic checks. The ban on the use of methylene chloride is also expected to prohibit the manufacturing process.
Also Read: Frozen Food Market Size In Worldwide FY 2030
Opportunities
Energy efficiency is widely accepted by many nations across the globe. There has been no proactive approach in order to tackle the rising global warming across the nations. In order to have efficient energy conserving installations for automobile insulation and building insulation many governments are taking environment friendly steps. These policies aim at reducing the fuel consumption and eliminating the loss of energy. The North American and European nations have made amendments to the building laws in order to use the insulation for comfort and safety.
Challenges
Major challenge for the growth of the insulation material market is that of the prices of the raw materials. An increase in the price of raw materials which are used in manufacturing of the polyurethane foam is expected to grow. The volatility of the crude oil prices have affected the growth of this sector largely. The availability of crude oil is also another reason that hampers the production and the use of insulation material.
Polymers and elastomers which are crude oil based products are dependent on the import and the production from various countries. Another challenge for the growth of the insulation material industry is the logistics. Other factors that affect the insulation materials market is the labor cost and the trading cost. There were major disruptions in the supply chain during the pandemic which led to lower production. The raw material prices were increasing during the pandemic due to various reasons.
Insulation Materials Market Key Players
- Roxul Inc.
- Huntsman International LLC
- Kingspan Group
- Owens Corning
- BASF
- GAF Materials Corporation
- Johns Manville
- The Dow Chemical Company
- Cellofoam North America Inc.
- Covestro AG.
Segments covered in the report
By Product
- EPS
- XPS
- Polyurethane
- Polyurethane Foam
- Polyvinyl Chloride
- Cellulose
- Glass Wool
- Mineral Wool
- Aerogel
- Calcium Silicate
- Others
By End User
- Infrastructure
- Construction
- Industrial
- HVAC
- Transportation
- Appliances
- OEM
- Others
By Distribution Channel
- Online
- Offline
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global insulation materials market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions.
Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global insulation materials market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimate the future prospects of the global market more reliable and accurately.
Why should you invest in this report?
If you are aiming to enter the global insulation materials market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for insulation materials are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Insulation Materials Market
5.1. COVID-19 Landscape: Insulation Materials Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Insulation Materials Market, By Product
8.1. Insulation Materials Market, by Product, 2022-2030
8.1.1 EPS
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. XPS
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Polyurethane
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Polyurethane Foam
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Insulation Materials Market, By End User
9.1. Insulation Materials Market, by End User, 2022-2030
9.1.1. Infrastructure
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Construction
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Industrial
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Transportation
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. HVAC
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Appliances
9.1.6.1. Market Revenue and Forecast (2017-2030)
9.1.7. OEM
9.1.7.1. Market Revenue and Forecast (2017-2030)
9.1.8. Others
9.1.8.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Insulation Materials Market, By Distribution Channel
10.1. Insulation Materials Market, by Distribution Channel, 2022-2030
10.1.1. Online
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Offline
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Insulation Materials Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
Chapter 12. Company Profiles
12.1. Roxul Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Huntsman International LLC
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Kingspan Group
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Owens Corning
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. BASF
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. GAF Materials Corporation
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Johns Manville
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. The Dow Chemical Company
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Cellofoam North America Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Covestro AG.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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Frequently Asked Questions:
[sc_fs_multi_faq headline-0=”h6″ question-0=”Which are the driving factors of the insulation materials market?” answer-0=”The increasing building and construction activities across various regions are driving the insulation materials market growth. ” image-0=”” headline-1=”h6″ question-1=”What is the current size of insulation materials market?” answer-1=”The global insulation materials market size was reached at US$ 65.39 billion in 2021 and it is anticipated to rake around US$ 105.6 billion by 2030. ” image-1=”” headline-2=”h6″ question-2=”What will be the CAGR of global insulation materials market?” answer-2=”The global insulation materials market expanding growth at a CAGR of 5.47% from 2022 to 2030. ” image-2=”” headline-3=”h6″ question-3=”Who are the major players operating in the insulation materials market?” answer-3=”The major players operating in the insulation materials market are Roxul Inc., Huntsman International LLC, Kingspan Group, Owens Corning, BASF, GAF Materials Corporation, Johns Manville, The Dow Chemical Company, Cellofoam North America Inc., and Covestro AG. ” image-3=”” headline-4=”h6″ question-4=”Which region will lead the global insulation materials market?” answer-4=”Asia Pacific region will lead the global insulation materials market in the near future. ” image-4=”” count=”5″ html=”true” css_class=””]
