Building Thermal Insulation Market Size By Material (Open Cell Materials/Wool Insulation, Closed Cell Materials/Plastic Foams), By Application (Wall Insulation, Roof Insulation, Floor Insulation), End-use & Global Forecast, 2023 - 2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Building Thermal Insulation Market Size By Material (Open Cell Materials/Wool Insulation, Closed Cell Materials/Plastic Foams), By Application (Wall Insulation, Roof Insulation, Floor Insulation), End-use & Global Forecast, 2023 - 2032
Building Thermal Insulation Market Size By Material (Open Cell Materials/Wool Insulation, Closed Cell Materials/Plastic Foams), By Application (Wall Insulation, Roof Insulation, Floor Insulation), End-use & Global Forecast, 2023 - 2032
Building Thermal Insulation Market Size
Building Thermal Insulation Market size surpassed USD 25 billion in 2022 and is projected to grow at over 6% CAGR during 2023 to 2032. Increasing focus on reducing energy consumption and greenhouse gas (GHG) emissions will boost the demand across the residential and commercial sectors.
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Lack of awareness regarding the benefits of thermal insulation could restrain the building thermal insulation industry growth. Despite the myriad of advantages including eco-friendly nature and energy efficiency, lack of awareness regarding such thermal insulations could be a major challenge for leading players. Additional expenses associated with insulation materials could hamper product usage in developing regions such as South Asia, and MEA. Some of the traditional insulation materials such as fiberglass are not moisture and mold-resistant. This could drive the need for cost-effective alternatives for thermal insulation materials.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Building Thermal Insulation Market Size in 2022 | 25 Billion (USD) |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6% |
| 2032 Value Projection | 45 Billion (USD) |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 700 |
| Tables, Charts & Figures | 768 |
| Segments covered | Material, Application, End-Use, Format of Insulation and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Building Thermal Insulation Market Analysis
Building thermal insulation market from closed-cell materials is expected to witness around 5.5% growth between 2023 and 2032. Closed-cell materials, also known as closed-cell spray foams, comprise of plastic foams that are highly effective in preventing any contact with both moisture and air. These materials are widely used in buildings as well as certain parts of residential spaces such as roofs, attics, and windows. Growing requirement of construction materials that ensure shock absorption, sound dampening, watertight seals and thermoplasticity will elevate segment growth.
The wall thermal insulation market revenue is estimated to reach USD 22 billion by 2032. Wall insulation ensures year-round comfort in residential buildings, especially in regions with extremely cold winters. The material helps prevents cold air from entering through ceiling cracks, walls, and floors. It also prevents substantial expenses required to install heating or cooling equipment by maintaining an optimum temperature. Features like low-maintenance, longer shelf-life and the ability to prevent condensation & mold formation make wall thermal insulation an energy-efficient heating solution for residential spaces.
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The residential building thermal insulation market is anticipated to exceed USD 25 billion by 2032. Increasing purchasing power of customers throughout developed and developing economies and rising initiatives focusing on minimizing carbon footprints will encourage construction companies to use thermal insulation materials. In recent years, residential construction activities and infrastructure spending have grown rapidly.
The thermal insulation blankets market is poised to record nearly USD 30.5 billion revenue by 2032. Blanket insulation materials are widely used in residential as well as commercial buildings as they are highly customizable, easy to install, and flexible. The product can help lower emissions by reducing energy consumption. They also have applications across military, oil & gas, industrial processing, and underground mining, among others. Insulation blankets reduce the risks associated with burns and injuries caused while handling high-temperature equipment.
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Asia Pacific building thermal insulation market size is expected to attain around 7% gains through 2032. The region is said to emerge as a lucrative avenue for the players owing to the expanding construction sector. Asian economies including China, Indonesia, and India are among the top 5 construction landscapes in the world. According to the National Investment Promotion & Facilitation Agency, the construction sector in India accounts for 9% of the country’s GDP. Favorable government policies and training programs will support the deployment of thermal insulation products.
Building Thermal Insulation Market Share
Major building thermal insulation industry participants include
- Johns Manville
- BASF SE
- Huntsman International LLC
- CertainTeed
- Atlas Roofing Corporation
- Neo Thermal Insulation (India) Pvt., Ltd.
- Paroc Group
- Cellofoam North America, Inc.
- Dow Building Solutions
These companies are implementing strategic collaborations and ventures with related to firms to introduce new products in the market. For instance, in May 2022, Huntsman joined forces with BRUGG Pipes to develop a next-generation polyurethane foam system with superior insulation properties.
Impact of COVID-19 Pandemic
The COVID-19 pandemic had a slightly positive impact on the global building thermal insulation market. Residential energy consumption skyrocketed during the pandemic even though commercial energy needs declined due to lockdown restrictions. According to a survey published in June 2021, residential electricity consumption recorded a 30% growth during the lockdown in the U.S. A significant number of households are switching to cleaner heating solutions in the wake of the pandemic. Considerable scope for green construction projects should accelerate the demand for roof-top insulation in the coming years.
This market research report on building thermal insulation includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square meter and revenue in USD million from 2018 to 2032 for the following segments
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Market, By Material
- Open cell materials (Wool insulation)
- Glass wool
- Stone wool
- Others (cellulose & aerogel)
- Closed cell materials (Plastic foams)
- Expanded polystyrene
- Extruded polystyrene
- Polyurethanes
- Others (phenolic foams & polyisocyanurate insulation)
Market, By Application
- Wall insulation
- Internal wall
- External wall
- Air cavity wall
- Roof insulation
- Flat roof
- Pitch roof
- Floor
Market, By End-use
- Residential
- Commercial
- Industrial
Market, By Format of Insulation
- Blankets
- Panels
- Foam
- Others (block insulation, reflective sheet insulation, etc.)
Market, By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Poland
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Indonesia
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- South Africa
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Scope and definitions
1.2 Methodology & forecast parameters
1.3 COVID-19 impact calculations on industry forecast
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 Middle East & Africa (MEA)
1.4 Regional trends
1.5 Data Sources
1.5.1 Primary sources
1.5.2 Secondary sources
1.6 Industry Glossary
Chapter 2 Executive Summary
2.1 Building thermal insulation industry 3600 synopsis, 2018 - 2032
2.1.1 Business trends
2.1.2 Material trends
2.1.3 Application trends
2.1.4 End-use trends
2.1.5 Form of insulation trends
2.1.6 Regional trends
Chapter 3 Building Thermal Insulation Industry Insights
3.1 Introduction
3.2 Industry landscape
3.2.1 Impacts of COVID-19 outbreak
3.2.1.1 Global outlook
3.2.1.2 Impact by region
3.2.1.2.1 North America
3.2.1.2.2 Europe
3.2.1.2.3 Asia Pacific
3.2.1.2.4 Latin America
3.2.1.2.5 Middle East & Africa
3.3 Industry ecosystem analysis
3.3.1 Raw material analysis
3.3.1.1 Key challenges faced by the raw material suppliers
3.3.2 Manufacturers
3.3.2.1 Key challenges faced by manufacturers
3.3.3 Profit margin trends
3.3.4 Distribution channel analysis
3.3.5 End users
3.3.6 Value chain disruption analysis (COVID-19 impact)
3.3.7 Vendor matrix
3.3.7.1 List of key manufacturers/distributors
3.4 Price analysis
3.4.1 Price analysis by region
3.4.2 Pricing analysis, by materials
3.4.2.1 Wool Insulation
3.4.2.1.1 Fiberglass/Glass Wool
3.4.2.1.2 Stone Wool
3.4.2.1.3 Others
3.4.2.2 Plastic foam insulation
3.4.2.2.1 Expanded polystyrene
3.4.2.2.2 Extruded polystyrene
3.4.2.2.3 Polyurethanes
3.4.2.2.4 Others
3.4.3 Price analysis by application
3.4.4 Price analysis by end-use
3.4.5 Price analysis by form of insulation
3.4.6 Cost structure analysis
3.5 Regulatory landscape
3.5.1 Energy efficiency requirements in building codes
3.5.2 North America
3.5.2.1 U.S.
3.5.2.2 Canada
3.5.3 Europe
3.5.3.1 Energy Efficiency Directive
3.5.3.2 Energy and Climate Framework for 2030
3.5.3.3 Energy Labeling of Windows
3.5.3.4 Green Public Procurement Product Sheet
3.5.3.4.1 Technical specification
3.5.4 Asia Pacific
3.5.4.1 China
3.5.4.1.1 Building codes for China
3.5.4.2 Japan
3.5.4.3 India
3.5.5 Latin America
3.5.5.1 Mexico
3.5.6 Middle East and Africa
3.5.6.1 UAE
3.5.6.2 South Africa
3.5.6.2.1 SANS 17962014 - Application of durable organic powder coatings for architectural aluminum
3.6 Global construction industry outlook
3.6.1 Trends & forecast by region
3.6.2 Global construction spending by region
3.6.3 Global construction spending by region
3.6.4 Energy consumption in different sectors
3.6.4.1 Industrial
3.6.4.2 Residential
3.6.4.3 Commercial
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 Greenhouse gas emission reduction
3.7.1.2 Tough government carbon targets
3.7.1.3 Increasing demand for energy requirement
3.7.2 Industry pitfalls and challenges
3.7.2.1 Stagnant growth of the construction industry in Europe
3.7.2.2 Lack of awareness
3.8 Growth potential analysis, 2022
3.9 Global building thermal insulation market outlook
3.9.1 Trends
3.9.2 Consumer requirements
3.9.2.1 Unmet needs
3.9.2.2 Information search
3.9.2.3 Evaluation of alternatives
3.9.2.4 Purchase decisions
3.9.2.5 Post purchase behavior
3.9.3 Insulation benefits
3.9.3.1 Environmental
3.9.3.2 Economical
3.9.3.3 Social
3.9.4 Thermal insulation market analysis and forecast, 2018 – 2032
3.10 Cost comparison ratio
3.11 Number of LEED projects awarded by region
3.11.1 North America
3.11.2 Europe
3.11.3 Asia Pacific
3.11.4 Latin America
3.11.5 Middle East & Africa (MEA)
3.12 Insulation material volume, by country
3.13 Raw material trends
3.13.1 Expanded polystyrene
3.13.2 Extruded Polystyrene
3.13.3 Polyurethanes
3.13.4 Glass wool
3.13.5 Stone wool
3.13.6 Hot insulation material
3.13.7 Cold insulation material
3.13.8 COVID-19 impacts on raw material supply
3.14 Innovation & sustainability
3.15 Simulation software/service for heat transfer and acoustic diagnostic, by region
3.15.1 North America
3.15.1.1 Sound Insulation Reporter
3.15.1.2 Dirac Software
3.15.1.3 Room Acoustics Reporter
3.15.1.4 Olive Tree Lab-Room Modes Software
3.15.1.5 dBInside software
3.15.2 Europe
3.15.2.1 Odeon A/S Software
3.15.2.2 INSUL Software
3.15.2.3 SONarchitect Software
3.15.2.4 CadnaR Software
3.15.2.5 EASE Software Version 4.4
3.15.3 Asia Pacific
3.15.3.1 Nor1028 NorBuild Building Acoustics Software
3.15.3.2 CESVA Insulation Studio 02
3.15.3.3 AFMG Reflex - Two-Dimensional Acoustics Simulation Software
3.15.4 Latin America
3.15.4.1 BUILDING ACOUSTICS APP (BZ-7228)
3.15.4.2 QUALIFIER - SOUND INSULATION AND REVERBERATION (TYPE 7830 / TYPE 7831)
3.15.4.3 CATT–Acoustic Software
3.15.5 MEA
3.15.5.1 MASS Acoustic Software
3.16 Porter’s analysis
3.16.1 Threat of new entrants
3.16.2 Supplier power
3.16.3 Buyer power
3.16.4 Threat of substitutes
3.16.5 Industry rivalry
3.17 PESTEL analysis
3.18 COVID-19 impacts on building thermal insulation demand, by end-user
3.18.1 Residential
3.18.2 Commercial
3.18.3 Industrial
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share analysis, 2022
4.3 Competitive analysis of key market players, 2022
4.3.1 Owens Corning Corporation
4.3.2 Rockwool International A/S
4.3.3 Kingspan Group
4.3.4 Saint-Gobain S.A.
4.3.5 URSA Insulation
4.3.6 BASF SE
4.4 Competitive analysis of market innovators, 2022
4.4.1 Owens Corning Corporation
4.4.2 Rockwool International A/S
4.4.3 Kingspan Group
4.4.4 Saint-Gobain S.A.
4.4.5 BASF SE
4.5 Vendor adoption matrix, 2022
Chapter 5 Building Thermal Insulation Market, By Material
5.1 Building thermal insulation market share, by material, 2022 & 2032
5.2 Open cell materials (wool insulation)
5.2.1 Market estimate and forecast 2018-2032
5.2.2 Market estimate and forecast, by region, 2018-2032
5.2.3 Glass wool
5.2.3.1 Market estimate and forecast 2018-2032
5.2.3.2 Market estimate and forecast, by region, 2018-2032
5.2.4 Stone wool
5.2.4.1 Market estimate and forecast 2018-2032
5.2.4.2 Market estimate and forecast, by region, 2018-2032
5.2.5 Other open cell materials
5.2.5.1 Market estimate and forecast 2018-2032
5.2.5.2 Market estimate and forecast, by region, 2018-2032
5.3 Closed-cell materials (plastic foams)
5.3.1 Market estimate and forecast 2018-2032
5.3.2 Market estimate and forecast, by region, 2018-2032
5.3.3 Expanded polystyrene
5.3.3.1 Market estimate and forecast 2018-2032
5.3.3.2 Market estimate and forecast, by region, 2018-2032
5.3.4 Extruded polystyrene
5.3.4.1 Market estimate and forecast 2018-2032
5.3.4.2 Market estimate and forecast, by region, 2018-2032
5.3.5 Polyurethanes
5.3.5.1 Market estimate and forecast 2018-2032
5.3.5.2 Market estimate and forecast, by region, 2018-2032
5.3.6 Other closed-cell materials
5.3.6.1 Market estimate and forecast 2018-2032
5.3.6.2 Market estimate and forecast, by region, 2018-2032
Chapter 6 Building Thermal Insulation Market, By Application
6.1 Building thermal insulation market share, by application, 2022 & 2032
6.2 Wall insulation
6.2.1 Market estimate and forecast 2018-2032
6.2.2 Market estimate and forecast, by region, 2018-2032
6.2.3 Internal wall insulation
6.2.3.1 Market estimate and forecast 2018-2032
6.2.3.2 Market estimate and forecast, by region, 2018-2032
6.2.4 External wall insulation
6.2.4.1 Market estimate and forecast 2018-2032
6.2.4.2 Market estimate and forecast, by region, 2018-2032
6.2.5 Air cavity wall insulation
6.2.5.1 Market estimate and forecast 2018-2032
6.2.5.2 Market estimate and forecast, by region, 2018-2032
6.3 Roof insulation
6.3.1 Market estimate and forecast 2018-2032
6.3.2 Market estimate and forecast, by region, 2018-2032
6.3.3 Flat roof insulation
6.3.3.1 Market estimate and forecast 2018-2032
6.3.3.2 Market estimate and forecast, by region, 2018-2032
6.3.4 Pitch roof insulation
6.3.4.1 Market estimate and forecast 2018-2032
6.3.4.2 Market estimate and forecast, by region, 2018-2032
6.4 Floor insulation
6.4.1 Market estimate and forecast 2018-2032
6.4.2 Market estimate and forecast, by region, 2018-2032
Chapter 7 Building Thermal Insulation Market, By End-Use
7.1 Building thermal insulation market share, by end-use, 2022 & 2032
7.2 Residential
7.2.1 Market estimate and forecast 2018-2032
7.2.2 Market estimate and forecast, by region, 2018-2032
7.3 Commercial
7.3.1 Market estimate and forecast 2018-2032
7.3.2 Market estimate and forecast, by region, 2018-2032
7.4 Industrial
7.4.1 Market estimate and forecast 2018-2032
7.4.2 Market estimate and forecast, by region, 2018-2032
Chapter 8 Building Thermal Insulation Market, By Form of Insulation
8.1 Building thermal insulation market share, by form of insulation, 2022 & 2032
8.2 Blanket
8.2.1 Market estimate and forecast 2018-2032
8.2.2 Market estimate and forecast, by region, 2018-2032
8.3 Panels
8.3.1 Market estimate and forecast 2018-2032
8.3.2 Market estimate and forecast, by region, 2018-2032
8.4 Foams
8.4.1 Market estimate and forecast 2018-2032
8.4.2 Market estimate and forecast, by region, 2018-2032
8.5 Others
8.5.1 Market estimate and forecast 2018-2032
8.5.2 Market estimate and forecast, by region, 2018-2032
Chapter 9 Building Thermal Insulation Market, By Region
9.1 Building thermal insulation market share, by region, 2022 & 2032
9.2 North America
9.2.1 North America building thermal insulation market estimate and forecast, 2018-2032
9.2.2 North America building thermal insulation market estimates and forecast, by material, 2018-2032
9.2.3 North America market estimates and forecast, by application, 2018-2032
9.2.4 North America market estimates and forecast, by end-use, 2018-2032
9.2.5 North America market estimates and forecast, by form of insulation, 2018-2032
9.2.6 U.S.
9.2.6.1 U.S. building thermal insulation market estimate and forecast, 2018-2032
9.2.6.2 U.S. building thermal insulation market estimates and forecast, by material, 2018-2032
9.2.6.3 U.S. market estimates and forecast, by application, 2018-2032
9.2.6.4 U.S. market estimates and forecast, by end-use, 2018-2032
9.2.6.5 U.S. market estimates and forecast, by form of insulation, 2018-2032
9.2.7 Canada
9.2.7.1 Canada building thermal insulation market estimate and forecast, 2018-2032
9.2.7.2 Canada building thermal insulation market estimates and forecast, by material, 2018-2032
9.2.7.3 Canada market estimates and forecast, by application, 2018-2032
9.2.7.4 Canada market estimates and forecast, by end-use, 2018-2032
9.2.7.5 Canada market estimates and forecast, by form of insulation, 2018-2032
9.3 Europe
9.3.1 Europe building thermal insulation market estimate and forecast, 2018-2032
9.3.2 Europe building thermal insulation market estimates and forecast, by material, 2018-2032
9.3.3 Europe market estimates and forecast, by application, 2018-2032
9.3.4 Europe market estimates and forecast, by end-use, 2018-2032
9.3.5 Europe market estimates and forecast, by form of insulation, 2018-2032
9.3.6 Germany
9.3.6.1 Germany building thermal insulation market estimate and forecast, 2018-2032
9.3.6.2 Germany building thermal insulation market estimates and forecast, by material, 2018-2032
9.3.6.3 Germany market estimates and forecast, by application, 2018-2032
9.3.6.4 Germany market estimates and forecast, by end-use, 2018-2032
9.3.6.5 Germany market estimates and forecast, by form of insulation, 2018-2032
9.3.7 UK
9.3.7.1 UK building thermal insulation market estimate and forecast, 2018-2032
9.3.7.2 UK building thermal insulation market estimates and forecast, by material, 2018-2032
9.3.7.3 UK market estimates and forecast, by application, 2018-2032
9.3.7.4 UK market estimates and forecast, by end-use, 2018-2032
9.3.7.5 UK market estimates and forecast, by form of insulation, 2018-2032
9.3.8 France
9.3.8.1 France building thermal insulation market estimate and forecast, 2018-2032
9.3.8.2 France building thermal insulation market estimates and forecast, by material, 2018-2032
9.3.8.3 France market estimates and forecast, by application, 2018-2032
9.3.8.4 France market estimates and forecast, by end-use, 2018-2032
9.3.8.5 France market estimates and forecast, by form of insulation, 2018-2032
9.3.9 Italy
9.3.9.1 Italy building thermal insulation market estimate and forecast, 2018-2032
9.3.9.2 Italy building thermal insulation market estimates and forecast, by material, 2018-2032
9.3.9.3 Italy market estimates and forecast, by application, 2018-2032
9.3.9.4 Italy market estimates and forecast, by end-use, 2018-2032
9.3.9.5 Italy market estimates and forecast, by form of insulation, 2018-2032
9.3.10 Spain
9.3.10.1 Spain building thermal insulation market estimate and forecast, 2018-2032
9.3.10.2 Spain building thermal insulation market estimates and forecast, by material, 2018-2032
9.3.10.3 Spain market estimates and forecast, by application, 2018-2032
9.3.10.4 Spain market estimates and forecast, by end-use, 2018-2032
9.3.10.5 Spain market estimates and forecast, by form of insulation, 2018-2032
9.3.11 Poland
9.3.11.1 Poland building thermal insulation market estimate and forecast, 2018-2032
9.3.11.2 Poland building thermal insulation market estimates and forecast, by material, 2018-2032
9.3.11.3 Poland market estimates and forecast, by application, 2018-2032
9.3.11.4 Poland market estimates and forecast, by end-use, 2018-2032
9.3.11.5 Poland market estimates and forecast, by form of insulation, 2018-2032
9.3.12 Russia
9.3.12.1 Russia building thermal insulation market estimate and forecast, 2018-2032
9.3.12.2 Russia building thermal insulation market estimates and forecast, by material, 2018-2032
9.3.12.3 Russia market estimates and forecast, by application, 2018-2032
9.3.12.4 Russia market estimates and forecast, by end-use, 2018-2032
9.3.12.5 Russia market estimates and forecast, by form of insulation, 2018-2032
9.4 Asia Pacific
9.4.1 Asi