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Flexible Insulation Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 120 Pages
  • August 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 5176449
UP TO OFF until Jun 30th 2023
The market for flexible insulation is expected to register a CAGR of over 5%, globally, during the forecast period. The major factors driving the market studied are the growing need for energy-efficient buildings. On the flip side, lack of awareness among consumers and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
  • The fiberglass insulation material segment is expected to dominate the global flexible insulation market over the forecast period.
  • The European region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries, such as France, Germany, and Italy.

Key Market Trends

Rising Demand for Fiberglass Insulation

Fiberglass insulation holds the largest share in the material segment. The market for fiberglass insulation is projected to witness significant growth on account of rising usage in wide applications due to its lightweight, non-combustible, high tear strength and corrosion-resistant nature.
  • Fiberglass finds its usage in several applications like thermal insulation for pipework in HVAC industries, flexible air ducts, residential and commercial refrigerators & freezers, jet-engine ducting, aircraft component, and commercial construction.
  • Additionally, fiberglass insulation offers superior design flexibility. Greater amounts can be installed in some sections of a building to increase overall thermal performance and compensate for areas with lower thermal values, such as windows and doors.
  • It enables a wide range of R-Values, giving the specifier more options for meeting provincial and national energy code requirements.
  • Owing to the above mentioned factors, the demand for fiberglass insulation is expected to further grow over the forecast period.

The European Region to Dominate the Market

The European region is projected to be the largest and the fastest-growing market for flexible insulation. Stringent building energy codes accompanied by European Union Directives to enhance efficiency in buildings are expected to surge the demand for flexible insulation in the region.
  • Robust demand for flexible insulation from the housing sector in countries like Germany is another reason for the growth of the flexible insulation market.
  • Additionally, the region was an early adopter of the emerging materials on account of rapid industrialization and the presence of major insulation product manufacturers thus leading to high product sales.
  • Under NPIF, the United Kingdom government is planning to invest GBP 23 billion (~USD 28.77 billion) on housing, science and innovation, transport, and a 5G network over the next five years, of which, around GBP 7.2 billion (~USD 9 billion) is allocated for the construction of new homes and GBP 4 billion (~USD 5 billion) is allocated to infrastructure.
  • In addition, the government’s investments of GBP 100 billion (~USD 125 billion) in large-scale housing and regeneration projects, along with key social infrastructure, such as schools, hospitals, and prisons, is expected to increase the demand for flexible insulation used for construction purposes.
  • Hence, owing to the above mentioned factors, the demand for flexible insulation in Europe is expected to witness fastest-growth.

Competitive Landscape

The global flexible insulation market is partially consolidated in nature with a few major players accouting for a significant portion of the market. Some of the major companies are Saint-Gobain, Armacell, BASF SE, Johns Manville, and Owens Corning, among others.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Growing Need for Energy Efficient Buildings
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Lack of Awareness among Consumers
4.2.2 Unfavourable Conditions arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5.1 Material
5.1.1 Aerogel
5.1.2 Cross-Linked Polyethylene
5.1.3 Elastomer
5.1.4 Fiberglass
5.1.5 Others
5.2 Insulation Type
5.2.1 Acoustic Insulation
5.2.2 Electrical Insulation
5.2.3 Thermal Insulation
5.3 Geography
5.3.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico
5.3.3 Europe Germany United Kingdom France Italy Rest of Europe
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Armacell
6.4.2 BASF SE
6.4.3 ContiTech AG
6.4.4 Fletcher Insulation
6.4.5 Johns Manville
6.4.6 Kingspan Group
6.4.7 Owens Corning
6.4.8 Saint-Gobain
6.4.10 Thermaxx Jackets

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Armacell
  • ContiTech AG
  • Fletcher Insulation
  • Johns Manville
  • Kingspan Group
  • Owens Corning
  • Saint-Gobain
  • Thermaxx Jackets