This report describes and explains the building insulation materials market and covers 2017-2022, termed the historic period and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and the major economies within each region.
The global building insulation materials market reached a value of nearly $24,807.4 million in 2022, having increased at a compound annual growth rate (CAGR) of 2.6% since 2017. The market is expected to grow from $24,807.4 million in 2022 to $28,047.5 million in 2027 at a rate of 2.5%. The market is then expected to grow at a CAGR of 4.8% from 2027 and reach $35,532.3 million in 2032.
Growth in the historic period resulted from the emerging markets growth, the rise in demand for energy-efficient buildings, the increased focus towards sustainability and the rapid industrialization. Factors that negatively affected growth in the historic period were the COVID-19 impact, the geo-political tensions and the lack of skilled labor.
Going forward, the government support, the global population growth and urbanization, the rising investment for infrastructure development and the steadily increasing global temperatures will drive the market. Factors that could hinder the growth of the building insulation materials market in the future include the health and safety measures, the fluctuating supply and price of raw materials and the Russia-Ukraine war impact.
The building insulation materials market is segmented by material into fiber glass, expanded polystyrene (EPS), extruded polystyrene (XPS), cellulose, mineral wool and other materials. The fiberglass was the largest segment of the building insulation materials market by material, accounting for $9,883.4 million or 39.8% of the total market in 2022. The expanded polystyrene (EPS) market is expected to be the fastest-growing segment going forward at a CAGR of 2.6%.
The building insulation materials market is segmented by insulation into bulk and reflective. The bulk market was the largest segment of the building insulation materials market by insulation, accounting for $18,313.8 million or 73.8% of the total market in 2022. The bulk market is expected to be the fastest-growing segment going forward at a CAGR of 2.6%.
The building insulation materials market is segmented by application into wall insulation, underfloor insulation, ceiling or roof insulation, window insulation and other applications. The wall insulation was the largest segment of the building insulation materials market by application, accounting for $10,175.0 million or 41.0% of the total market in 2022. The wall insulation market is expected to be the fastest-growing segment going forward at a CAGR of 2.5%.
The window insulation market is further segmented by material into weather-stripping, caulk, spray foam, window inserts or interior storm stoppers and window film insulation kits. The weather-stripping was the largest segment of the window insulation market by material, accounting for $506.7 million or 30.6% of the total market in 2022. The window film insulation kits market is expected to be the fastest-growing segment going forward at a CAGR of 2.5%.
The window insulation market is further segmented by end-user into residential end-user, commercial end-user and industrial end-user. The residential end-user was the largest segment of the window insulation market by material, accounting for $849.9 million or 51.3% of the total market in 2022. The residential end-user market is expected to be the fastest-growing segment going forward at a CAGR of 2.4%.
The building insulation materials market is segmented by end-user into residential, commercial and industrial. The residential was the largest segment of the building insulation materials market by end-user, accounting for $13,562.0 million or 54.7% of the total market in 2022. The residential market is expected to be the fastest-growing segment going forward at a CAGR of 2.5%.
Asia-Pacific was the largest region in the building insulation materials market, accounting for 36.8% of the global market in 2022. It was followed by North America, Western Europe, and other regions. Going forward, the fastest growing regions in the building insulation materials market will be Asia-Pacific and North America, where growth will be at CAGRs of 2.9% and 2.8% respectively from 2022-2027.
The global building insulation materials market is fairly concentrated, with a few large players operating in the market. The top ten competitors in the market made up to 39.87%% of the total market in 2022. Owens Corning was the largest competitor with a 9.73% share of the market, followed by Rockwool International A/S with 8.67%, Knauf Gips KG with 7.14%, Saint-Gobain S.A. with 4.87%, BASF SE with 3.64%, Dow Inc with 2.29%, Berkshire Hathaway Inc (Johns Manville) with 1.16%, Huntsman Corporation with 0.97%, Covestro AG with 0.87%, and DuPont de Nemours, Inc with 0.52%.
The top opportunities in the building insulation materials market by material will arise in the fiber glass market, which will gain $1,306.0 million of global annual sales by 2027. The top opportunities in the building insulation materials market by insulation will arise in the bulk market, which will gain $2,525.4 million of global annual sales by 2027. The top opportunities in the building insulation materials market by application will arise in the wall insulation market, which will gain $1,351.0 million of global annual sales by 2027. The top opportunities in the window insulation market by material will arise in the weather-stripping market, which will gain $65.2 million of global annual sales by 2027. The top opportunities in the window insulation market by end-user will arise in the residential end-user market, which will gain $106.8 million of global annual sales by 2027. The top opportunities in the building insulation materials market by end-user will arise in the residential market, which will gain $1,816.6 million of global annual sales by 2027. The building insulation materials market size will gain the most in the USA at $918.4 million.
Market-trend-based strategies for the building insulation materials market include focusing on eco-friendly insulation materials, focusing on product innovations and developing new product solutions, focusing on new technologies and developing advanced product solutions, focusing on collaborations and acquisitions to improve financial strength and focusing on new plant expansions to serve the increasing demand.
Player-adopted strategies in the building insulation materials industry include strengthening its operational capabilities through business expansions, expanding production capabilities by setting up new production units and enhancing product portfolio through the launch of new products.
To take advantage of the opportunities, the analyst recommends the building insulation materials companies to focus on products innovations, focus on eco-friendly insulation materials, focus on new plant expansions, expand in emerging markets, focus on mergers and acquisitions, continue to focus on developed markets, provide competitively priced offerings , participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing end-users, focus on fast-growing applications, and focus on urban population.
The global building insulation materials market reached a value of nearly $24,807.4 million in 2022, having increased at a compound annual growth rate (CAGR) of 2.6% since 2017. The market is expected to grow from $24,807.4 million in 2022 to $28,047.5 million in 2027 at a rate of 2.5%. The market is then expected to grow at a CAGR of 4.8% from 2027 and reach $35,532.3 million in 2032.
Growth in the historic period resulted from the emerging markets growth, the rise in demand for energy-efficient buildings, the increased focus towards sustainability and the rapid industrialization. Factors that negatively affected growth in the historic period were the COVID-19 impact, the geo-political tensions and the lack of skilled labor.
Going forward, the government support, the global population growth and urbanization, the rising investment for infrastructure development and the steadily increasing global temperatures will drive the market. Factors that could hinder the growth of the building insulation materials market in the future include the health and safety measures, the fluctuating supply and price of raw materials and the Russia-Ukraine war impact.
The building insulation materials market is segmented by material into fiber glass, expanded polystyrene (EPS), extruded polystyrene (XPS), cellulose, mineral wool and other materials. The fiberglass was the largest segment of the building insulation materials market by material, accounting for $9,883.4 million or 39.8% of the total market in 2022. The expanded polystyrene (EPS) market is expected to be the fastest-growing segment going forward at a CAGR of 2.6%.
The building insulation materials market is segmented by insulation into bulk and reflective. The bulk market was the largest segment of the building insulation materials market by insulation, accounting for $18,313.8 million or 73.8% of the total market in 2022. The bulk market is expected to be the fastest-growing segment going forward at a CAGR of 2.6%.
The building insulation materials market is segmented by application into wall insulation, underfloor insulation, ceiling or roof insulation, window insulation and other applications. The wall insulation was the largest segment of the building insulation materials market by application, accounting for $10,175.0 million or 41.0% of the total market in 2022. The wall insulation market is expected to be the fastest-growing segment going forward at a CAGR of 2.5%.
The window insulation market is further segmented by material into weather-stripping, caulk, spray foam, window inserts or interior storm stoppers and window film insulation kits. The weather-stripping was the largest segment of the window insulation market by material, accounting for $506.7 million or 30.6% of the total market in 2022. The window film insulation kits market is expected to be the fastest-growing segment going forward at a CAGR of 2.5%.
The window insulation market is further segmented by end-user into residential end-user, commercial end-user and industrial end-user. The residential end-user was the largest segment of the window insulation market by material, accounting for $849.9 million or 51.3% of the total market in 2022. The residential end-user market is expected to be the fastest-growing segment going forward at a CAGR of 2.4%.
The building insulation materials market is segmented by end-user into residential, commercial and industrial. The residential was the largest segment of the building insulation materials market by end-user, accounting for $13,562.0 million or 54.7% of the total market in 2022. The residential market is expected to be the fastest-growing segment going forward at a CAGR of 2.5%.
Asia-Pacific was the largest region in the building insulation materials market, accounting for 36.8% of the global market in 2022. It was followed by North America, Western Europe, and other regions. Going forward, the fastest growing regions in the building insulation materials market will be Asia-Pacific and North America, where growth will be at CAGRs of 2.9% and 2.8% respectively from 2022-2027.
The global building insulation materials market is fairly concentrated, with a few large players operating in the market. The top ten competitors in the market made up to 39.87%% of the total market in 2022. Owens Corning was the largest competitor with a 9.73% share of the market, followed by Rockwool International A/S with 8.67%, Knauf Gips KG with 7.14%, Saint-Gobain S.A. with 4.87%, BASF SE with 3.64%, Dow Inc with 2.29%, Berkshire Hathaway Inc (Johns Manville) with 1.16%, Huntsman Corporation with 0.97%, Covestro AG with 0.87%, and DuPont de Nemours, Inc with 0.52%.
The top opportunities in the building insulation materials market by material will arise in the fiber glass market, which will gain $1,306.0 million of global annual sales by 2027. The top opportunities in the building insulation materials market by insulation will arise in the bulk market, which will gain $2,525.4 million of global annual sales by 2027. The top opportunities in the building insulation materials market by application will arise in the wall insulation market, which will gain $1,351.0 million of global annual sales by 2027. The top opportunities in the window insulation market by material will arise in the weather-stripping market, which will gain $65.2 million of global annual sales by 2027. The top opportunities in the window insulation market by end-user will arise in the residential end-user market, which will gain $106.8 million of global annual sales by 2027. The top opportunities in the building insulation materials market by end-user will arise in the residential market, which will gain $1,816.6 million of global annual sales by 2027. The building insulation materials market size will gain the most in the USA at $918.4 million.
Market-trend-based strategies for the building insulation materials market include focusing on eco-friendly insulation materials, focusing on product innovations and developing new product solutions, focusing on new technologies and developing advanced product solutions, focusing on collaborations and acquisitions to improve financial strength and focusing on new plant expansions to serve the increasing demand.
Player-adopted strategies in the building insulation materials industry include strengthening its operational capabilities through business expansions, expanding production capabilities by setting up new production units and enhancing product portfolio through the launch of new products.
To take advantage of the opportunities, the analyst recommends the building insulation materials companies to focus on products innovations, focus on eco-friendly insulation materials, focus on new plant expansions, expand in emerging markets, focus on mergers and acquisitions, continue to focus on developed markets, provide competitively priced offerings , participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing end-users, focus on fast-growing applications, and focus on urban population.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure
6. Introduction And Market Characteristics
7. Major Market Trends
8. Global Market Size And Growth
9. Global Building Insulation Materials Market Segmentation
10. Building Insulation Materials Market, Regional and Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
Executive Summary
Building Insulation Materials Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global building insulation materials market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest-growing market for building insulation materials? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The building insulation materials market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider building insulation materials market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the building insulation materials market.
- Key Trends - Highlights the major trends shaping the global building insulation materials market. This section also highlights likely future developments in the market.
- Global Market Size and Growth - Global historic (2017-2022) and forecast (2022-2027, 2032F) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - Historic (2017-2022) and forecast (2022-2027, 2032F) market values and growth and market share comparison by region.
- Market Segmentation - Contains the market values (2017-2022) (2022-2027, 2032) and analysis for for each segment by material, by insulation, by application, and by end-user in the market.
- Regional Market Size and Growth - Regional market size (2022), historic (2017-2022) and forecast (2022-2027, 2032F) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations - Includes recommendations for building insulation materials providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Material: Fiberglass; Mineral Wool; Expanded Polystyrene; Extruded Polystyrene; Cellulose; Other Materials2) By Insulation: Bulk; Reflective
3) By Application: Wall Insulation; Underfloor Insulation; Ceiling Or Roof Insulation; Window Insulation; Other Applications
a) By Window Insulation (By Material): Weather-Stripping; Caulk; Spray Foam; Window Inserts Or Interior Storm Stoppers; Window Film Insulation Kits
b) By Window Insulation (By End-User): Residential End-User; Commercial End-User; Industrial End-User
4) By End User: Residential; Commercial; Industrial
Companies Mentioned: Owens Corning; Rockwool International A/S; Knauf Gips KG; Saint-Gobain S.A.; BASF SE
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; building insulation materials indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Owens Corning
- Rockwool International A/S
- Knauf Gips KG
- Saint-Gobain S.A.
- BASF SE
- Dow Inc
- Berkshire Hathaway Inc (Johns Manville)
- Huntsman Corporation
- Covestro AG
- DuPont de Nemours, Inc
- Anhui Sunval International Co., Ltd
- Hangzhou Qiyao New Material Co., Ltd
- Hainan Fuwang Industrial Co., Ltd
- Xuchang Zhufeng Insulation Material Co., Ltd
- Yuyao Tongchuang Thermal Insulation & Sealing Factory
- Resistant Building Products Ltd
- New Wave Doors Ltd
- GOWERCROFT LIMITED
- FibreGrid
- Gyvlon Limited
- Martyn Ryder
- KEITH BUILDERS MERCHANTS LIMITED
- Spotnails Ltd
- QEP-Vitrex
- AluMate Limited
- Wetherby Laroc Group
- PLASSON UK LTD
- Surface Heating & Coolin g
- Roofbase
- LIGNIA Wood Company Limited
- Gripsure UK Ltd
- The Ashton Group
- Celotex Ltd
- IKO Enertherm
- Kingspan
- Gambit Lubawka Sp. z o.o.
- Global Mineral Group Sp. z o.o.
- TechnoNICOL Corporation
- Steklonit JSC
- Johns Manville
- Guardian Industries
- Nippon Electric Glass America
- Fiberglass Canada Inc.
- Holcim
- Armacell
- Isover
- Texsa
- Arabian Fiberglass Insulation Company Ltd
- Ashtrom Group
- Pearl Polyurethane Systems
- Redcon Construction Company
- Estim Construction Co. Ltd
- Eco-Beam
- Ecomo
- TSAI Design Studio
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 445 |
| Published | October 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 24.8 Billion |
| Forecasted Market Value ( USD | $ 35.5 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
