Malaysia Building Thermal Insulation Material Market Size By Type (Stone Wool, Glass Wool), By Application (Wall Insulation, Roof Insulation), and Geographic Scope And Forecast

Malaysia Building Thermal Insulation Material Market Size And Forecast

Malaysia Building Thermal Insulation Material Market size was valued at USD 27.92 Billion in 2024 and is projected to reach USD 39.4 Billion by 2031, growing at a CAGR of 4.40% during the forecast period 2024-2031.

The result of an increasing emphasis on sustainability and the acceptance of sustainable products in the construction sector is the gradual use of recycled raw materials in the production of building insulation materials. The Malaysia Building Thermal Insulation Material Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Malaysia Building Thermal Insulation Material Market Definition

Thermal insulation is an essential method for lowering building energy use by stopping heat transmission through the building envelope. Low thermal conductivity, typically less than 0.1 W/mK, characterizes this building material. Only occupant safety, comfort, and energy conservation are served by these materials. This section focuses on the thermal insulation materials that have the potential for South-South technology transfer and are often used for building envelopes, such as floors, walls, and roofs. There are many different types, designs, and uses for thermal insulation.

Building and construction activities have significantly increased in the industrial and commercial sectors. Builders and operators are constructing new manufacturing and industrial structures as well as renovating and repairing aging building infrastructure. The rise of the commercial chemicals construction business is being aided by the creation of commercial workspaces, expansive IT parks, and a growing focus on improving healthcare facilities. In rising countries, it is projected that the manufacturing sector will grow dramatically, spurring an increase in industrial construction.

A rise in non-residential building investment in developing countries is driving the growth of commercial construction projects. Commercial and industrial establishments require more than 40% of the energy and electricity produced.

The growing focus on energy efficiency and reducing energy costs has led to the application of energy standards and codes such as the NFPA 900Building Energy Code and ASHRAE Standard 90.1-1989. The market for these materials has expanded due to the rising use of building insulation solutions around Malaysia.

Malaysia Building Thermal Insulation Material Market Overview

Modern, environmentally friendly building insulation materials are being produced in large quantities and sold in the manufacturing industry. As a result, it is anticipated that the market outlook for eco-friendly building insulation materials will be relatively favorable throughout the forecast period. The result of an increasing emphasis on sustainability and the acceptance of sustainable products in the construction sector is the gradual use of recycled raw materials in the production of building insulation materials.

Suppliers of automobile temperature control solutions are being pushed by today’s demands for changing industrial needs, greater environmental issues, and changing consumer expectations. As a result, in addition to insulation technology, aims now include environmental friendliness, passenger comfort, and fuel efficiency. There are currently numerous opportunities for thermal insulation solutions as a result.

Common building and construction materials have used up a lot of natural resources and energy. The concept of “green buildings,” which has grown in popularity over the past few decades, is frequently seen as a technological and managerial strategy for the building and construction industries to maintain the sustainability of energy and resources in the sector. The development and application of green construction materials are essential to the creation of green buildings due to the contributions of sustainable resources. As passenger comfort becomes a higher concern, climate control systems are quickly taking root in the automotive industry. Innovations in ventilation, integrated heating, and air conditioning systems maintain ambient comfort standards across the industry.

Malaysia Building Thermal Insulation Material Market Segmentation Analysis

The Malaysia Building Thermal Insulation Material Market is Segmented on the basis of Type, Application, and Geography.

Malaysia Building Thermal Insulation Material Market, By Type

• Stone wool
• Glass wool
• Plastic foam
• Others

Based on Type, the Malaysia Building Thermal Insulation Material Market is bifurcated into Stone Wool, Glass Wool, Plastic Foam, and Others. Plastic foam is estimated to dominate the market during the forecast period due to its increasing use in external facade insulation, external wall insulation, sandwich panel, as well as cavity wall insulation. The higher compressive strength and energy efficiency of plastic foam, especially EPS foam, will drive its demand in building thermal insulation in Malaysia.

Malaysia Building Thermal Insulation Material Market, By Platform

• Wall insulation
• Roof insulation
• Floor insulation

Based on the Application, the Malaysia Building Thermal Insulation Material Market is bifurcated into Wall Insulation, Roof Insulation, and Floor Insulation. Roof insulation is projected to be the second-largest application of building thermal insulation in 2021. The rise in the construction of non-residential buildings, such as industrial, commercial, educational, as well as healthcare buildings, is expected to drive the demand for roof insulation across Malaysia.

Malaysia Building Thermal Insulation Material Market, By Geography

• Malaysia

On the basis of a Geographical Analysis, the demand for building thermal insulation is fueled by the region’s strict building energy requirements, expansion of the housing market, and growing interest in green construction. The Building Thermal Insulation Material Market in the region is anticipated to be driven by the retrofit market, the growth of green buildings, and rising energy efficiency requirements and building specifications. Additionally, the region is more aware of the need for thermal insulation in buildings now that there is a greater emphasis on energy-efficient structures, stricter insulation requirements, and updated building rules.

Key Players

The “Malaysia Building Thermal Insulation Material Market” study report will provide valuable insight with an emphasis on the market. The major players in the market are Saint-Gobain S.A., BASF SE, Owens Corning, Kingspan Group PLC, Johns Manville Corporation, Rockwool International A/S, Paroc Group Oy, Gaf Materials Corporation, Beijing New Building Material (Group) Co. Ltd., and others. 

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players.

Key Developments

• In March 2021Va-Q-tec joined hands with Hutchinson in a collaborative project to develop insulation solutions for thermal management applications for the aerospace and automotive sectors including products such as vacuum insulation panels.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Malaysia Building Thermal Insulation Material Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research