Global Market Study on Radiant Barrier & Reflective Insulation: Green Building Initiative to Spur Adoption in the Near Future


Radiant Barrier Reflective Insulation Market
  • Published On : Mar-2018 |
  • Pages : 177 Pages |
  • Format :

Energy efficiency in home construction is important to home owners and prospective home buyers. Monthly utility bills are balanced against the number of years it takes for an energy saving method to pay for itself. This, combined with the fact that the key challenge in the sun-belt is to control the heat gain, makes radiant barriers and reflective insulation an integral part of the buildings where they are used to improve the overall comfort and reduce utility bills. The use of radiant barrier/ reflective insulation reflects most of the radiant heat and blocks 97% radiant energy, and works as efficiently in summers as that of in the winters.

During the winter months, radiant barriers ultimately assist in reducing heat escaping. These products are becoming a popular thermal insulation alternative as they significantly reduce the energy cost and considerably increase the energy efficiency of the buildings. Radiant barriers and reflective insulation are economical solution for a wide range of industrial, manufacturing, packaging and consumer applications, such as industrial sheds, commercial buildings, home insulation, under wood or laminated flooring, and roof insulation and construction. Radiant heat barriers inhibit heat transfer by thermal insulation. They are light in weight, and are very effective in warmer climates and have strong heat reflection property. On the basis of metal wrapping on the foil, they are classified into two main types - pure aluminum and metallized film radiant barriers.

Persistence Market Research delivers detailed analysis of the global radiant barrier and reflective insulation market through a recently published report, titled “Radiant Barrier & Reflective Insulation Market: Global Industry Trend Analysis 2013-2017 and Forecast 2018-2026.” The report is an extensive research study conducted by a research analyst at Persistence Market Research in order to provide market participants and investors with detailed valuable insights on each aspect of the radiant barrier and reflective insulation market. All the factors associated directly or indirectly and positively or negatively with the performance of the market have been addressed by the report. It aims at providing forecast information for the next eight years and thus examines the marketplace thoroughly over an eight-year projection period, 2018-2026.

The global market for radiant barrier and reflective insulation has been segmented on the basis of product type, end-use, and region.

By Type

  • Radiant Barrier
    • Metallized Film
    • Pure Aluminium
  • Reflective Insulation
    • Bubble type
    • Foam type
    • Others

By End Use

  • Residential
  • Commercial & Agricultural
    • Commercial Buildings
    • Agriculture
    • Other Commercial
  • Industrial
    • Manufacturing/ Plant
    • Storage Facilities
  • Institutional and Others

By Region

  • North America
  • Latin America
  • Europe
  • SEA & Pacific
  • China
  • Japan
  • Middle East & Africa

Report Structure at a glance

  • Executive summary, market introduction, market definition
  • Macroeconomic factors and forecast factors
  • Market taxonomy - segmentation on the basis of type, end-use, and region
  • Pricing analysis, regulatory factors analysis, value chain analysis
  • Market dynamics including key drivers, key restraints, recent trends, upcoming opportunities
  • In-depth forecast analysis by type, end-use, region
  • Market structure and competition analysis

The report in its taxonomy section offers analyses of all the regional markets along with key drivers impacting those markets, key challenges faced by those regions, and key trends and opportunities that must be known to market participants and investors in order to attain profits. Regional markets have been examined in depth in order to identify the best, worst, and moderately performing regions based on various factors. The final section of the report i.e. competition analysis includes profiles of all the key players in the global market, insights on their upcoming strategies, and revenue shares in upcoming years.

Predominantly driven by surging demand for energy efficient passive cooling systems and evidently growing advantages of green building initiatives by several countries across the world, the global radiant barrier and reflective insulation is thriving at a significant pace. The global sales were recorded at US$ 890.7 Mn in 2017 and are anticipated to expand at a robust CAGR of 9% by the end of 2026. Over the assessment period 2018-2026, the global radiant barrier and reflective insulation market is predicted to reach US$ 1,927.0 Mn in terms of value.

Demand from End-Use Sectors to Drive Global Sales

The market for radiant barrier and reflective insulation has been categorized on the basis of type, end-use, and geographical region. By product type, reflective insulation segment is likely to win over radiant barrier segment throughout the forecast period. On the basis of regional segmentation, North America is expected to continue dominance with the maximum market revenue share, followed by South East Asia and Pacific region. By end-use industry, the market is segmented into residential, commercial and agricultural, industrial, and institutional and others. While the commercial and agricultural segment is further classified as commercial buildings, agriculture, and other commercial sectors, the industrial segment is sub-segmented into manufacturing/plant and storage facilities. Growing consumption by various end-use industries has been identified to be a major factor expected to boost the growth of market during the forecast period.

radiant barrie reflective insulation

According to research, the commercial and agricultural segment will reportedly retain its dominance over others through to 2026, owing to soaring demand from animal husbandry domain. This segment is foreseen to maintain a major revenue share of over 39% in the market over the forecast period. Other commercial buildings including office buildings, retail stores, warehouses, and shopping malls are also observed to consume a substantial amount of reflective insulation materials and radiant barriers. As far as applications in agriculture are concerned, poultry houses, hog barns, dairy barns, and stables are found to generate significant demand for radiant barriers and reflective insulation materials.

Benefits to Animal Husbandry to Encourage Installation of Radiant Barriers and Reflective Insulation

Use of radiant barriers and reflective insulation has been proved to be immensely beneficial to farmers and their livestock, as it helps in mitigating for the ‘black-globe effect’ on animals. Research indicates around 10% increase in milk production after using radiant barriers, in addition to improved conception rate among animals by almost 24%. There have been instances which reflect faster and more efficient animal growth after using radiant barriers and reflective insulation, besides reduced death loss due to extreme heat.

Industrial sector will represent the second largest segment accounting for more than 28% share of the total revenues, attributed to growing demand from factories, manufacturing units, and industrial premises, and processes such as cleaning, washing, repairing, altering, adapting, and livestock slaughtering.

Key Highlights

  • By end-use industry, commercial and agricultural sector will be the fastest growing segment foreseen to expand at a robust 10.1% CAGR during 2018-2026.
  • Commercial and agricultural segment will be followed by the industrial sector, which is apprehended to grow at a healthy CAGR of around 9% by 2026 end.
  • Residential segment will also witness robust growth at a CAGR of over 7.5% due to steady demand from vaulted ceiling/cathedral, garage, workshops, single and multi-family units, and metal and wooden frame buildings.
  • The institutional and others segment is foreseen to experience impressive growth at a CAGR of over 7% owing to a growing number of healthcare, educational, R&D, and administrative buildings, as well as sports complexes and training facilities.

Certain countries have set stringent regulations for mandatory installation of radiant barriers, which is expected to fuel market growth in upcoming years. The market has been seeing the introduction of a few innovative products, such as see-through radiant barrier for installation on windows. Bubble type reflective insulation and metallized film type radiant barrier are among the recent trends driving the sales of radiant barriers and reflective insulation materials.

Company Profiles
  • Solvay SA
  • Reflectix, Inc.
  • Dunmore Corporation
  • INNOVATIVE INSULATION, INC.
  • FiFoil Company, Inc.
  • SPUNCHEM INTERNATIONAL
  • Patidar Corporation
  • ADVANCED TECHNICAL LAMINATES MANUFACTURING (ATLM)
  • Attic Foil Radiant Barrier Supply LLC
  • SC M&E Hardware Supplies Sdn. Bhd.
  • Oracle Packaging Inc.
  • NOVOLEX
  • DuPont (E. I. du Pont de Nemours)
  • Others.
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