Built on the knowledge and experience in the polyurethane and insulation industries, the study details demand for 2015 and provides anticipated market figures for 2020. Forecast years are presented and market rankings (or market shares where available) of Asia's leading insulation companies are included, by both country and product type. Market influences and trends are also outlined.
The report covers 7 countries separately in individual country volumes (China*, India, Indonesia, Japan, Malaysia, Philippines & South Korea) covering all of the most commonly used insulation materials. An additional 4 market volumes focus on a specific insulation material exclusively (Mineral Fibre, EPS, XPS & PU/PIR) and present data for the same 7 countries.
Buyers of the full study will receive a specially compiled Executive Summary Volume free of charge.
Market data is given in cubic metres, tonnes and the country's local currency. The following market breakdown is provided:
End-use Sectors Covered:
- Domestic and Commercial Building
- Cold Stores
- Agricultural Buildings
- Pipe Lagging
- Domestic Appliances
- Process Plant
The contents of the report are based on a thorough investigation of the insulation market in Asia Pacific, which included extensive primary research across the different countries throughout the last and first quarters of 2015 and 2016, respectively. Furthermore, pertinent secondary sources and statistics have been fully examined.
*The report on China is substantially more extensive (additional qualitative information) than any of the other countries.
2. Market Influences
Demographic data, macroeconomic trends, construction statistics, material trends and, for Volumes 1-7 only, other general country indicators and/or legislative issues are covered.
3. Market Summary for 2015 and Forecasts to 2020 by Type & End-Use Sector
4. Market Review by Type of Insulation & by End-Use Sector - 2015 & 2020 (tabular form)
Types of Insulation Covered:
- Mineral Fibre
- Expanded Polystyrene
- Extruded Polystyrene
- PU/PIR Foams
- Other: Phenolic Foam & Flexible Insulation (ENR and PE)
5. Leading suppliers and Manufacturers of Thermal Insulation Products
3. Market Summary for a Specific Insulation Material for 2015 and Forecasts to 2020 by Country & End-Use Sector, and for the Asian region as a whole
4. Market Review for a Specific Insulation Material by Country & End-Use Sector - 2015 & 2020 (tabular form)
Appendix. Profiles of Key Asian Suppliers
All market data published in this study is now available in our online database platform, allowing the customer greater ease of comparison, data manipulation between countries and downloads. The report contains market data by material type and end-use application for the base year of 2015. Data is presented in both volume (cubic metres and tonnes) and value (in the pertinent local currencies), with additional five-year forecasts to 2020.
The information contained within this report is based upon an extensive programme of interviews throughout the industry and across the different Asian countries. This has been further supported by an analysis of economic indicators and relevant legislation and/or technical issues affecting demand for thermal insulation materials.
The analysis covers a total of 7 countries, individually presented in separate country volumes covering all of the most commonly used insulation materials. The major Asian countries of China, South Korea and Japan are covered as well as the emerging markets of India, Indonesia, Malaysia and the Philippines. Alternatively, the information is also presented in 4 material volumes, which focus on a specific insulant type (Mineral Fibre, EPS, XPS & PU/PIR) and present data for all of the 7 countries.
Purchasers of the complete study set will receive an Executive Summary volume free of charge.
The total market for thermal insulation products in Asia stood at just over 271.2 million m3 in 2015.
Commercial and domestic buildings represent the bulk of the demand for thermal insulation materials in Asia, with the use in industrial applications being much smaller as a whole. However, this is a rather skewed perception of the overall thermal insulation market in APAC, owing to the supremacy of China, which represents 83% of the recorded demand. Indeed, the consumption of thermal insulation products in China is empirically split into 66% for the building segment, versus 34% in industry. However, at the opposite extreme, India’s consumption of thermal insulation products is almost reversed, with the vast majority being used in industrial applications (71%) rather than in building construction.
In reality, there is a deficiency in terms of the usage of thermal insulation materials in the less developed of the Asian countries, where the need for thermal insulation is not fully understood, and this is further exacerbated by the mild climate that much characterises the region. Much of the demand is thus confined to the industrial segment.
In the countries of China, South Korea and, to lesser extent, Japan, where the use of thermal insulation materials is more widespread, the rising awareness with regards to the benefits of insulation to achieve energy efficient buildings, together with rising energy prices, are increasing the importance of insulation materials in construction. In the other countries, there is a generalised lack of legislation when it comes to thermal insulation and building standards, further explaining the low levels of consumption.
Other than for industrial applications, Asian countries with tropical climates are seeing an increased demand for thermal insulation materials in high-end, high-rise apartment blocks and commercial buildings such as modern hotels or offices, as well as in air-conditioning systems.
By material type, expanded polystyrene accounts for the largest proportion (40.2%) of thermal insulation products consumed in the Asian market. Nonetheless, little by little, the concept of fire performance in insulation is trickling through and, in particular, this has been more relevant in China and South Korea.
Overall, the market for thermal insulation materials in Asia is forecast to grow at a rate of 4.8% year on year to reach 343.6 million m 3 by 2020, thanks to the region’s urbanisation rate and in spite of China’s economic slowdown. The emerging economies of the Philippines and Indonesia will experience the fastest CAGR of 9.0% and 9.2%, respectively, albeit from a very low base.
- Asahi Fiber Glass Co, Ltd
- Asahi Kasei Construction Materials Corp.
- BASF (Malaysia) Sdn. Bhd.
- BASF Philippines Inc.
- BASF Polyurethanes India Ltd.
- Beijing HuaDu Chemical Building Material Group
- Byucksan Corporati
- DOW KAKOH K.K.
- Ecofoam Polyurethane Insulati
- Hebei Huamei Group
- KCC Corporation
- Kaneka Corporation
- Kumho Petrochemical
- LangFang Huayu Innovation & Technology Co; Ltd
- Lloyd Insulations (India) Limited
- Luyang Energy Saving Materials Co; Ltd
- MAG-ISOVER K.K.
- NICHIAS Corporation
- Owens Corning
- PT. Bondor Indonesia
- PT. NICHIAS Rockwool Indonesia
- Philippine Insulation Co, Inc.
- Poly Glass Fibre Manufacturing Sdn. Bhd.
- Polyglass Industries Indonesia PT.
- ROCKWOOL Building Materials (Philippines) Ltd.
- ROCKWOOL Malaysia Sdn Bhd.
- SY Panel Co.
- Sae Rom Panel Co; Ltd.
- Shengquan Group
- Shinwoo industrial Co; Ltd.
- Superlon Worldwide Sdn. Bhd.
- Supreme Petrochem Ltd.
- Tianjin Tianlong Shuangsheng Insulation Mat.Co;Ltd
- UP Twiga Fiberglass Limited