Global Market Study on Building Insulation Materials: Stringent Energy Codes and Focus on Energy Conservation to Augment Market Growth


Building Insulation Materials  Market
  • Published On : Feb-2020 |
  • Pages : 302 Pages |
  • Format : Building Insulation Materials  Market Building Insulation Materials  Market Building Insulation Materials  Market Building Insulation Materials  Market

Building and construction activities have increased significantly in the industrial and commercial sectors. Builders and operators are constructing new manufacturing and industrial buildings as well as carrying out the renovation and repairing of existing building facilities. Increasing focus on the improvement of healthcare infrastructure, and emergence of large-scale IT parks and commercial workplaces, are boosting the growth of commercial construction. Significant growth of the manufacturing sector in emerging countries is expected to drive the growth of industrial construction. Spending on non-residential construction has increased in developing regions, which is driving the growth of commercial construction projects. Commercial and industrial buildings account for more than 40% of energy and electricity consumption. Rising focus on energy conservation and reduction of energy costs has resulted into the implementation of energy standards and codes, such as the NFPA 900: Building Energy Code and ASHRAE Standard 90.1-1989. This has led to an increase in the adoption of building insulation materials, worldwide, thereby surging the growth of the global building insulation materials market.

East Asia to Account for Significant Consumption of Building Insulation Materials

In terms of region, East Asia, Europe, and North America are estimated to be prominent regions for players in the building insulation materials market. However, Europe is expected to witness below-average growth, as the market is moving towards maturity. Growth in Europe will be mainly driven by central and Eastern European regions. Growing urban population and increasing construction activities in South Asia and East Asia make these regions highly lucrative for players in the building insulation materials market.

  • Global construction volume output is expected to increase 80-85% by the end of 2030, which will be mainly driven by countries such as India, the U.S. and China. The construction industry is estimated to witness average growth of 3-4% per year up to 2030.
  • The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced new residential construction statistics in May 2019 - 1,294,000 building permits, 1,269,000 housing starts, and 1,213,000 housing completions.

Rising Demand for Eco-friendly Insulating Material to Propel Market Growth

With advancements in manufacturing technology, eco-friendly building insulation materials are being widely developed and commercialized. As a result, the market outlook for eco-friendly building insulation materials is anticipated to be highly optimistic during the forecast period. Growing focus on sustainability and incorporation of sustainable products in the construction sector has resulted into gradual adoption of recycled raw materials in the development of building insulation materials.

  • For instance, some manufacturers are using recycled glass as a raw material for producing fiberglass/glass wool offerings.

Global Building Insulation Materials: Competition Overview

The global building insulation materials market is substantially consolidated, and tier one market players account for more than one-third of total market share. Some of the key players in this market are BASF SE, Owens Corning Inc., Rockwool International A/S, and Saint Gobain S.A.

Analysts’ Viewpoint

The building insulation materials market is expected to grow significantly in the foreseeable future. This growth is anticipated to be supported by rising demand for innovative and cost-effective building insulation materials for green construction during the forecast period. East Asia is expected to hold a prominent share in the global building insulation materials market. Players in the building insulation materials market are focusing on the extension of their global footprint through acquisitions or business expansions. Key companies such as Johns Manville Corporation and Knauf Insulation are focused on product innovation to enhance their market presence.

Building Insulation Materials Market - Scope of the Report

The latest report published by Persistence Market Research (PMR) on the global building insulation materials market comprises global industry analysis for 2014 - 2018 and forecasts for 2019 - 2029. The report provides an in-depth evaluation of the most important market dynamics. The report also comprises crucial drivers, trends, opportunities, and restraints, along with detailed information about the building insulation materials market structure. This report also presents exclusive facts and figures about how the building insulation materials market is expected to grow over the forecast period.

Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s report in a comprehensive manner. This information helps readers to understand the quantitative development projections of the building insulation materials market over the forecast period.

The study is relevant for stakeholders in the building insulation materials market, as well as manufacturers, distributors, suppliers, and investors. Industry experts, researchers, and journalists and business researchers in the building insulation materials market can leverage the information and statistics presented in PMR’s report.

The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the building insulation materials market. The study also offers actionable insights based on the future trends in the building insulation materials market. Furthermore, regional players and new entrants in the building insulation materials market can also use the information presented in this report to make effective business decisions and gain momentum in the market.

Building Insulation Materials Market Segmentation

PMR’s report has segmented the building insulation materials market into material type, insulation type, application, end use, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

Material Type

Insulation Type

Application

End Use

Region

  • Fiberglass
  • Mineral Wool
  • Cellulose
  • Polyurethane Foam
  • Polyisocyanurate Foam
  • Polystyrene
  • Aerogels
  • Others
  • Bulk
  • Reflective
  • Wall Insulation
  • Underfloor Insulation
  • Ceiling/Roof Insulation
  • Window Insulation
  • Residential
  • Commercial
  • Industrial
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East & Africa
  • Oceania

Key Questions Answered in PMR’s Building Insulation Materials Market Report

  • Which region is anticipated to hold a prominent share in the building insulation materials market over the forecast period?
  • What will be the key driving factors contributing to the demand for building insulation materials during the forecast period?
  • How will current trends impact the building insulation materials market?
  • Who are the key players in the building insulation materials market?
  • What are the crucial strategies used by leading players in the building insulation materials market to improve their market positions?

Building Insulation Materials Market: Research Methodology

PMR uses an exclusive research methodology to conduct comprehensive research on the development of the building insulation materials market and reach conclusions on the future growth factors of the market. Primary and secondary and research is utilized by our analysts to ensure precision and reliability of the conclusions in this report.

Secondary resources referred to by PMR’s analysts during the building insulation materials market study comprise the facts and figures from World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Our analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to obtain information with the utmost accuracy.

Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the Building Insulation Materials market to make PMR’s projection on growth prospects of the building insulation materials market more accurate and reliable.

Companies covered in Building Insulation Materials Market Report

  • BASF SE  
  • Dow Inc.
  • GAF Materials corporation
  • Knauf Insulation
  • Saint-Gobain S.A
  • GlassRock Insulation Company SAE
  • Rockwool International A/S
  • Owens Corning Inc.
  • Lloyd Insulations Limited
  • Covestro AG
  • Kingspan Group Plc.
  • Beijing New Building Material
  • Cabot Corporation
  • Johns Manville

 

Building Insulation Materials Market

Back To Top