Global Building Thermal Insulation Market Analysis by Product, Application, End Use, Region and segments forecast till 2033
Market Overview
The global building thermal insulation market was valued at USD 23,000 million in 2022 and is poised to expand at a CAGR of 5.7% over 2023-2033, thereby amassing USD 37,880 million by end of the assessment timeframe.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 23,000 Million |
Market Forecast in 2033 | USD 37,880 Million |
CAGR % 2023-2033 | 5.7% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Product, Application, End Use |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Arkema SA; BASF SE; Beijing New Building Material (Group) Co. Ltd.; Clariant AG; Covestro AG; DowDuPont Inc.; Eastman Chemical Co.; Evonik Industries AG; Fletcher Building Ltd.; GAF Industries Inc.; Johns Manville Corp.; Kingspan Group PLC |
Thermal insulation is referred to the adoption of insulation materials and designs for residential and commercial buildings so as to slow the transfer of heat. This insulation process can also reduce the energy needs of the heating and cooling systems embedded in a building. The commonly used thermal insulation materials are glass wool, cellulose, urethane foam, vermiculite, perlite, wood fiber, and plant fiber, among others.
The rigid government regulations aimed at reducing greenhouse gas emission rates along with the widespread development of green buildings across the globe are primarily aiding the expansion of this business vertical. Furthermore, rapid industrialization and widespread urbanization coupled with rising pollution levels are positively swaying the industry dynamics. Alongside this, escalating demand for efficient energy sources and rapidly transforming climatic conditions worldwide are creating lucrative growth opportunities for the marketplace.
Also, growing public cognizance of the importance of energy conservation and surging carbon footprints in emerging economies are adding momentum to the industry's progression. Besides, increasing instances of fossil fuel depletion, widespread population expansion, and a rise in construction activities across the globe are creating an upward trend for market development. Moreover, rising R&D investments along with the integration of innovative technologies in the field are augmenting the outlook of this business sphere. On the contrary, volatility in the prices of raw materials is limiting the remuneration scope of the market vertical.
With widespread industrialization and urbanization, there has been an escalating demand for efficient energy sources. But this growing energy need has also resulted in the depletion of fossil fuels and a massive increase in the emission rate of greenhouse gases. This in turn has shifted the focus of the public and concerned authorities toward energy conservation and emission reduction. These factors are positively swaying the dynamics of this marketplace. There has been rapid adoption of roof insulations in residential buildings owing to their ability to limit heat loss through ceilings. It is referred to as an affordable and efficient method to reduce energy consumption. This in turn is adding traction to the growth of this industry vertical.
Product Insights
The Mineral Wool segment is poised to amass notable gains over 2023-2033 due to the wide array of beneficial characteristics of the products such as efficient heat barrier, fire safety, dimensional stability, and ecological compatibility. Governments around the world have been implementing regulations to promote energy efficiency in buildings, which has led to an increased demand for thermal insulation materials such as mineral wool. Mineral wool has excellent thermal insulation properties and is therefore an attractive option for builders and architects looking to comply with energy efficiency standards.
Application Insights
The Roof segment is slated to generate significant returns over the stipulated timeline owing to the rise in single-unit housing across the globe. Building owners and managers are increasingly aware of the potential cost savings that can be achieved through the installation of thermal insulation. By reducing heat loss through the roof, buildings require less energy for heating and cooling, resulting in lower energy bills.
End Use Insights
The Residential segment is expected to lead the market in terms of volume share. This is credited to the rise in multi-family housing constructions, re-insulation of old houses, and surge in construction expenditure worldwide. Many countries and regions have implemented regulations aimed at improving the energy efficiency of buildings, in order to reduce greenhouse gas emissions and combat climate change. Building codes now require higher levels of insulation, and existing buildings are being retrofitted with insulation in order to comply with these regulations.
Regional Insights
North America, the Middle East & Africa, Europe, Asia Pacific, and Latin America are the major regions constituting the geographical terrain of this business sphere. Among these, Asia Pacific is projected to capture a substantial CAGR over 2023-2033. This is attributable to the rapid urbanization, rise in construction activities, and growing environmental consciousness of the masses.
Competitive Analysis
The prominent players characterizing the competitive gamut of this market vertical are Arkema SA; BASF SE; Beijing New Building Material (Group) Co. Ltd.; Clariant AG; Covestro AG; DowDuPont Inc.; Eastman Chemical Co.; Evonik Industries AG; Fletcher Building Ltd.; GAF Industries Inc.; Johns Manville Corp.; Kingspan Group PLC.
· In July 2021, Isolana, a leading manufacturer of thermal insulation materials in Argentina, announced that it had expanded its production capacity by opening a new manufacturing plant in the province of Santa Fe. The new plant is equipped with the latest technology and is expected to increase Isolana's production capacity by up to 50%.
· In April 2021, Mecanizados Aeronáuticos S.A., a company specializing in the design and manufacture of aerospace components, announced that it had entered into a strategic partnership with a leading supplier of thermal insulation materials. The partnership is aimed at developing innovative thermal insulation solutions for the aerospace industry.
Global Building Thermal Insulation Market- Segmental Analysis
By Product:
• Glass Wool
• Mineral Wool
• EPS
• XPS
• Others
By Application:
• Roof
• Walls
• Floor
By End Use:
• Residential
• Commercial
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Building Thermal Insulation Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Building Thermal Insulation Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Card Type in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Card Type/Card Type
• Company Share Analysis by Product/Specification
1.
Global Building Thermal Insulation Market
Introduction and Market Overview
1.1. Objectives
of the Study
1.2. Building Thermal Insulation Market Definition & Description
1.3. Global
Building Thermal Insulation Market Scope and Market Estimation
1.3.1. Global
Building Thermal Insulation Market Size, Revenue (US$ Mn), Market CAGR (%),
Market forecast (2023-2033)
1.3.2. Global
Building Thermal Insulation Market Revenue Share (%) and Growth Rate (Y-o-Y)
from 2019-2033
1.4. Market
Segmentation
1.4.1. Product
of Global Building Thermal Insulation Market
1.4.2. Application
of Global Building Thermal Insulation Market
1.4.3. End
Use of Global Building Thermal Insulation Market
1.4.4. Region of Global Building Thermal Insulation Market
2.
Executive
Summary
2.1. Global
Building Thermal Insulation Market
Industry Trends under COVID-19 Outbreak
2.1.1. Global
COVID-19 Status Overview
2.1.2. Influence
of COVID-19 Outbreak on Global Building
Thermal Insulation Market Industry Development
2.2. Market
Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact
Analysis of Drivers and Restraints
2.3. Pricing
Trends Analysis & Average Selling Prices (ASPs)
2.4. Key
Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s
Five Forces Analysis
2.5.1. Bargaining
Power of Suppliers
2.5.2. Bargaining
Power of Buyers
2.5.3. Threat
of Substitutes
2.5.4. Threat
of New Entrants
2.5.5. Competitive
Rivalry
2.6. Value
Chain / Ecosystem Analysis
2.7. PEST
Analysis
2.8. Russia-Ukraine
War Impacts Analysis
2.9. Economic
Downturn Analysis
2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region
3. Global Building Thermal Insulation Market Estimates & Historical Trend Analysis (2020 - 2022)
4.
Global
Building Thermal Insulation Market Estimates
& Forecast Trend Analysis, By Product
4.1. Global
Building Thermal Insulation Market Revenue (US$ Mn) Estimates and Forecasts, By
Product, 2023 to 2033
4.1.1. Glass
Wool
4.1.2. Mineral
Wool
4.1.3. EPS
4.1.4. XPS
4.1.5. Others
5.
Global
Building Thermal Insulation Market Estimates & Forecast Trend Analysis, By Application
5.1. Global
Building Thermal Insulation Market Revenue (US$ Mn) Estimates and Forecasts, By
Application, 2023 to 2033
5.1.1. Roof
5.1.2. Walls
5.1.3. Floor
6.
Global
Building Thermal Insulation Market Estimates & Forecast Trend Analysis, By End
Use
6.1. Global
Building Thermal Insulation Market Revenue (US$ Mn) Estimates and Forecasts, By
End Use, 2023 to 2033
6.1.1. Residential
6.1.2. Commercial
7.
Global
Building Thermal Insulation Market Estimates & Forecast Trend Analysis, By Region
7.1. Global
Building Thermal Insulation Market Revenue (US$ Mn) Estimates and Forecasts, By
Region, 2023 to 2033
7.1.1. North
America
7.1.2. Europe
7.1.3. Asia
Pacific
7.1.4. Middle
East & Africa
7.1.5. South America
8.
North
America Building Thermal Insulation
Market: Estimates & Forecast Trend Analysis
8.1. North
America Building Thermal Insulation Market Assessments & Key Findings
8.1.1. North
America Building Thermal Insulation Market Introduction
8.1.2. North America
Building Thermal Insulation Market Size Estimates and Forecast (US$ Million) (2023
to 2033)
8.1.2.1. By Product
8.1.2.2. By Application
8.1.2.3. By End Use
8.1.2.4. By
Country
8.1.2.4.1. The
U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Europe
Building Thermal Insulation Market:
Estimates & Forecast Trend Analysis
9.1. Europe
Building Thermal Insulation Market Assessments & Key Findings
9.1.1. Europe
Building Thermal Insulation Market Introduction
9.1.2. Europe
Building Thermal Insulation Market Size Estimates and Forecast (US$ Million) (2023
to 2033)
9.1.2.1. By Product
9.1.2.2. By Application
9.1.2.3. By End Use
9.1.2.4. By
Country
9.1.2.4.1. Germany
9.1.2.4.2. U.K.
9.1.2.4.3. France
9.1.2.4.4. Italy
9.1.2.4.5. Spain
9.1.2.4.6. Russia
9.1.2.4.7. Rest of Europe
10. Asia Pacific Building Thermal Insulation Market: Estimates
& Forecast Trend Analysis
10.1. Asia
Pacific Market Assessments & Key Findings
10.1.1. Asia
Pacific Building Thermal Insulation Market Introduction
10.1.2. Asia
Pacific Building Thermal Insulation Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
10.1.2.1. By Product
10.1.2.2. By Application
10.1.2.3. By End Use
10.1.2.4. By
Country
10.1.2.4.1.
China
10.1.2.4.2.
Japan
10.1.2.4.3.
India
10.1.2.4.4.
Australia
10.1.2.4.5.
South Korea
10.1.2.4.6.
ASEAN
10.1.2.4.7. Rest of Asia Pacific
11. Middle East & Africa Building Thermal Insulation Market: Estimates
& Forecast Trend Analysis
11.1. Middle
East & Africa Market Assessments & Key Findings
11.1.1. Middle
East & Africa Building Thermal
Insulation Market Introduction
11.1.2. Middle
East & Africa Building Thermal Insulation Market Size Estimates
and Forecast (US$ Million) (2023 to 2033)
11.1.2.1. By Product
11.1.2.2. By Application
11.1.2.3. By End Use
11.1.2.4. By
Country
11.1.2.4.1. U.A.E.
11.1.2.4.2. Saudi
Arabia
11.1.2.4.3. Egypt
11.1.2.4.4. South
Africa
11.1.2.4.5. Rest of Middle East & Africa
12. South America Building Thermal Insulation Market: Estimates
& Forecast Trend Analysis
12.1. South
America Market Assessments & Key Findings
12.1.1. South
America Building Thermal Insulation Market Introduction
12.1.2. South
America Building Thermal Insulation Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
12.1.2.1. By Product
12.1.2.2. By Application
12.1.2.3. By End Use
12.1.2.4. By
Country
12.1.2.4.1. Brazil
12.1.2.4.2. Argentina
12.1.2.4.3. Colombia
12.1.2.4.4. Rest of South America
13. Competition Landscape
13.1. Global
Building Thermal Insulation Market Competition Matrix & Benchmarking, by
Leading Players / Innovators / Emerging Players / New Entrants
13.2. Global Building Thermal Insulation Market Concentration & Company Market Shares (%) Analysis, 2022
14. Company Profiles
14.1. Arkema SA
14.1.1. Company
Overview & Key Stats
14.1.2. Financial
Performance & KPIs
14.1.3. Product
Portfolio
14.1.4. Business
Strategy & Recent Developments
* Similar details would be provided for all the
players mentioned below
14.2. BASF SE
14.3. Beijing New Building Material (Group) Co. Ltd.
14.4. Clariant AG
14.5. Covestro AG
14.6. DowDuPont Inc.
14.7. Eastman Chemical Co.
14.8. Evonik Industries AG
14.9. Fletcher Building Ltd.
14.10. GAF Industries Inc.
14.11. Johns Manville Corp.
14.12. Kingspan Group PLC.
14.13. Others**
15. Research Methodology
15.1. External
Transportations / Databases
15.2. Internal
Proprietary Database
15.3. Primary
Research
15.4. Secondary
Research
15.5. Assumptions
15.6. Limitations
15.7. Report FAQs
16. Research Findings & Conclusion
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