GLOBAL BUILDING INSULATION MARKET FORECAST 2021-2028

According to Inkwood Research, the global building insulation market is projected to register a CAGR of 3.42% between 2021 and 2028, and is anticipated to generate revenue of $40878 million by 2028. In terms of volume, the market is expected to grow at a CAGR of 3.02%.

Insulation is essential for reducing the thermal energy transmission through spaces such as ceiling, walls, floors, and other spaces in a building. Insulation facilitates the management of indoor temperature by keeping air-conditioned rooms cool and heated spaces warm. This insulation functionality also helps control the cost of energy as it lowers energy consumption to heat or cool the space.

building-insulation-market

Moreover, insulation helps control surface tension for personal comfort, improves the efficiency of the cooler or heater's operation, and reduces the emission of Green House gases (GHG). The insulation resistance to the heat flow of a material depends on its thermal resistance or R-value. Hence, R-value and the climate will decide the insulation material to be used while constructing a building.

Key factors propelling the global building insulation market growth are:

  • Impact of building & construction industry
  • Remodeling and repairing activities of buildings
  • Demand for energy-efficient construction
    • Insulation helps in the thermal management of the space. Thus, the heater or cooler requires less energy to maintain the required temperature.
    • This helps lower overall energy consumption for cooling or warming a space, which will reduce the cost of energy.
    • The use of building insulation facilitates cost-effective and energy-efficient power consumption.
  • Stringent regulations and policies

Major growth restraining factors:

  • Volatility in raw material prices
    • The oil & gas industry is one of the principal suppliers of raw materials for the global building insulation market. These materials are produced from petroleum fraction products. Fluctuations in crude oil prices severely affect raw materials' prices, thereby affecting building thermal insulation materials.

The report scope of the global building insulation market includes the segmentation analysis of end-user, application, and material. These segments are further classified to provide a detailed analysis of the studied market.

Market by Material:

  • Wood Insulation
  • Plastic foams
    • Plastic foam is the major material in terms of revenue and volume in the global building insulation market. It is further classified as polyurethane foam, extruded polystyrene foam, and expanded polystyrene foam.

Geographically, the global building insulation market has been segmented based on four major regions, which includes:

  • North America: The United States and Canada
  • Europe: Germany, The United Kingdom, Italy, France, Belgium, Russia, Poland, and Rest of Europe
  • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific
    • Asia-Pacific is the fastest-growing region in the global market in terms of revenue and volume.
    • The increasing number of residential and commercial projects, expanding population, and changing preferences due to affordability boost the market growth.
  • Rest of World: Latin America, the Middle East & Africa

The major market players in the global building insulation market are:

    • BASF
    • GAF Materials Corporation
    • Johns Manville Corporation (Berkshire Hathaway)
    • Huntsman Corporation
    • Others

Key strategies adopted by some of the building insulation companies:

In August 2020, GAF Materials Corporation partnered with Sunnova Energy International Inc. The partnerships will help both companies to expand their business in the new home and re-roof markets.

Key findings of the global building insulation market:

  • Wall is the dominating segment in the building insulation market by application in terms of revenue and volume.
  • Wool insulation is the fastest-growing segment in the building insulation market by material.

 

Frequently Asked Questions (FAQs):

Residential is the leading end-user in the building insulation market in terms of revenue and volume.
Ceiling & attic is the fastest-growing application in the building insulation market in terms of volume and revenue.
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. MARKET SCOPE
    2. KEY DRIVERS
      1. IMPACT OF BUILDING AND CONSTRUCTION INDUSTRY
      2. REMODELING AND REPAIRING ACTIVITIES OF BUILDINGS
      3. DEMAND FOR ENERGY-EFFICIENT CONSTRUCTION
      4. STRINGENT REGULATIONS AND POLICIES
    3. KEY RESTRAINTS
      1. VOLATILITY IN RAW MATERIAL PRICES
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON BUILDING INSULATION MARKET
    2. KEY INVESTMENT INSIGHTS
    3. PORTER'S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. VENDOR LANDSCAPE
  5. MARKET BY END-USER
    1. RESIDENTIAL
    2. COMMERCIAL
  6. MARKET BY APPLICATION
    1. WALL
    2. FLOOR
    3. CEILING & ATTIC
    4. OTHER APPLICATIONS
  7. MARKET BY MATERIAL
    1. WOOL INSULATION
      1. ROCK WOOL
      2. GLASS WOOL
      3. SLAG WOOL
    2. PLASTIC FOAMS
      1. POLYURETHANE FOAM
      2. EXTRUDED POLYSTYRENE FOAM (XPS)
      3. EXPANDED POLYSTYRENE FOAM (EPS)
  8. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. UNITED STATES
        2. CANADA
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
        2. GERMANY
        3. FRANCE
        4. ITALY
        5. RUSSIA
        6. BELGIUM
        7. POLAND
        8. REST OF EUROPE
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. CHINA
        2. JAPAN
        3. INDIA
        4. SOUTH KOREA
        5. INDONESIA
        6. THAILAND
        7. VIETNAM
        8. AUSTRALIA & NEW ZEALAND
        9. REST OF ASIA-PACIFIC
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. REGION ANALYSIS
        1. LATIN AMERICA
        2. MIDDLE EAST AND AFRICA
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
      4. BUSINESS EXPANSIONS
    2. COMPANY PROFILES
      1. BASF
      2. BEIJING NEW BUILDING MATERIAL (GROUP) CO LTD
      3. DOW CHEMICALS
      4. GAF MATERIALS CORPORATION
      5. HUNTSMAN CORPORATION
      6. JOHNS MANVILLE CORPORATION (BERKSHIRE HATHAWAY)
      7. KINGSPAN GROUP
      8. KNAUF INSULATION INC
      9. OWENS CORNING
      10. PAROC GROUP
      11. ROCKWOOL INTERNATIONAL A/S
      12. SAINT-GOBAIN SA
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - BUILDING INSULATION 

TABLE 2: GLOBAL BUILDING INSULATION MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 3: GLOBAL BUILDING INSULATION MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 4: GLOBAL BUILDING INSULATION MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)           

TABLE 5: GLOBAL BUILDING INSULATION MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN KILOTONS)           

TABLE 6: GLOBAL RESIDENTIAL END-USER MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: GLOBAL RESIDENTIAL END-USER MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 8: GLOBAL COMMERCIAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 9: GLOBAL COMMERCIAL MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 10: GLOBAL BUILDING INSULATION MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 11: GLOBAL BUILDING INSULATION MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 12: GLOBAL BUILDING INSULATION MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)           

TABLE 13: GLOBAL BUILDING INSULATION MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN KILOTONS)           

TABLE 14: GLOBAL WALL MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)      

TABLE 15: GLOBAL WALL MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)      

TABLE 16: GLOBAL FLOOR MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)      

TABLE 17: GLOBAL FLOOR MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)      

TABLE 18: GLOBAL CEILING & ATTIC MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)        

TABLE 19: GLOBAL CEILING & ATTIC MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)        

TABLE 20: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 21: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)          

TABLE 22: GLOBAL BUILDING INSULATION MARKET, BY MATERIAL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 23: GLOBAL BUILDING INSULATION MARKET, BY MATERIAL, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 24: GLOBAL BUILDING INSULATION MARKET, BY MATERIAL, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)           

TABLE 25: GLOBAL BUILDING INSULATION MARKET, BY MATERIAL, FORECAST YEARS, 2021-2028 (IN KILOTONS)           

TABLE 26: GLOBAL WOOL INSULATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)          

TABLE 27: GLOBAL WOOL INSULATION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)          

TABLE 28: GLOBAL WOOL INSULATION MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)        

TABLE 29: GLOBAL WOOL INSULATION MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)        

TABLE 30: GLOBAL WOOL INSULATION MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)       

TABLE 31: GLOBAL WOOL INSULATION MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN KILOTONS)       

TABLE 32: GLOBAL PLASTIC FOAMS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)        

TABLE 33: GLOBAL PLASTIC FOAMS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)        

TABLE 34: GLOBAL PLASTIC FOAMS MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 35: GLOBAL PLASTIC FOAMS MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 36: GLOBAL PLASTIC FOAMS MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)

TABLE 37: GLOBAL PLASTIC FOAMS MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN KILOTONS)

TABLE 38: GLOBAL BUILDING INSULATION MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 39: GLOBAL BUILDING INSULATION MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN MILLION)   

TABLE 40: GLOBAL BUILDING INSULATION MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)           

TABLE 41: GLOBAL BUILDING INSULATION MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN KILOTONS)           

TABLE 42: NORTH AMERICA BUILDING INSULATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)        

TABLE 43: NORTH AMERICA BUILDING INSULATION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)        

TABLE 44: NORTH AMERICA BUILDING INSULATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)       

TABLE 45: NORTH AMERICA BUILDING INSULATION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN KILOTONS)       

TABLE 46: KEY PLAYERS OPERATING IN NORTH AMERICA BUILDING INSULATION MARKET           

TABLE 47: EUROPE BUILDING INSULATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 48: EUROPE BUILDING INSULATION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 49: EUROPE BUILDING INSULATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)           

TABLE 50: EUROPE BUILDING INSULATION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN KILOTONS)           

TABLE 51: KEY PLAYERS OPERATING IN EUROPE BUILDING INSULATION MARKET        

TABLE 52: ASIA-PACIFIC BUILDING INSULATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)        

TABLE 53: ASIA-PACIFIC BUILDING INSULATION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)        

TABLE 54: ASIA-PACIFIC BUILDING INSULATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)       

TABLE 55: ASIA-PACIFIC BUILDING INSULATION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN KILOTONS)       

TABLE 56: KEY PLAYERS OPERATING IN THE ASIA-PACIFIC BUILDING INSULATION MARKET      

TABLE 57: REST OF WORLD BUILDING INSULATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)        

TABLE 58: REST OF WORLD BUILDING INSULATION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)        

TABLE 59: REST OF WORLD BUILDING INSULATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)       

TABLE 60: REST OF WORLD BUILDING INSULATION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN KILOTONS)       

TABLE 61: KEY PLAYERS OPERATING IN THE REST OF WORLD BUILDING INSULATION MARKET

TABLE 62: LIST OF MERGERS & ACQUISITIONS

TABLE 63: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 64: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 65: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS        

FIGURE 2: PORTER'S FIVE FORCES ANALYSIS     

FIGURE 3: OPPORTUNITY MATRIX     

FIGURE 4: VENDOR LANDSCAPE       

FIGURE 5: GLOBAL BUILDING INSULATION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

FIGURE 6: GLOBAL BUILDING INSULATION MARKET, BY RESIDENTIAL, 2021-2028 (IN $ MILLION)      

FIGURE 7: GLOBAL BUILDING INSULATION MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)      

FIGURE 8: GLOBAL BUILDING INSULATION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

FIGURE 9: GLOBAL BUILDING INSULATION MARKET, BY WALL, 2021-2028 (IN $ MILLION)

FIGURE 10: GLOBAL BUILDING INSULATION MARKET, BY FLOOR, 2021-2028 (IN $ MILLION)           

FIGURE 11: GLOBAL BUILDING INSULATION MARKET, BY CEILING & ATTIC, 2021-2028 (IN $ MILLION)

FIGURE 12: GLOBAL BUILDING INSULATION MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)        

FIGURE 13: GLOBAL BUILDING INSULATION MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2020

FIGURE 14: GLOBAL BUILDING INSULATION MARKET, BY WOOL INSULATION, 2021-2028 (IN $ MILLION)   

FIGURE 15: GLOBAL BUILDING INSULATION MARKET, BY PLASTIC FOAMS, 2021-2028 (IN $ MILLION)      

FIGURE 16: NORTH AMERICA BUILDING INSULATION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)          

FIGURE 17: UNITED STATES BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)

FIGURE 18: CANADA BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)   

FIGURE 19: EUROPE BUILDING INSULATION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 20: UNITED KINGDOM BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)           

FIGURE 21: GERMANY BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)

FIGURE 22: FRANCE BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)   

FIGURE 23: ITALY BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)         

FIGURE 24: RUSSIA BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)     

FIGURE 25: BELGIUM BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)  

FIGURE 26: POLAND BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)   

FIGURE 27: REST OF EUROPE BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)           

FIGURE 28: ASIA-PACIFIC BUILDING INSULATION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 29: CHINA BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)       

FIGURE 30: JAPAN BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)       

FIGURE 31: INDIA BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)         

FIGURE 32: SOUTH KOREA BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)   

FIGURE 33: INDONESIA BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)          

FIGURE 34: THAILAND BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)

FIGURE 35: VIETNAM BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)  

FIGURE 36: AUSTRALIA & NEW ZEALAND BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)

FIGURE 37: REST OF ASIA-PACIFIC BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)      

FIGURE 38: REST OF WORLD BUILDING INSULATION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)          

FIGURE 39: LATIN AMERICA BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION) 

FIGURE 40: MIDDLE EAST AND AFRICA BUILDING INSULATION MARKET, 2021-2028 (IN $ MILLION)      

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