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Building Thermal Insulation Market Report | Covid-19 Impact Analysis
The Building Thermal Insulation Market is Segmented by Material Type (Stone Wool, Glass Wool, Plastic Foam (Polystyrene and PUR & PIR), and Others), by Application Type (Roof Insulation (Flat Roof & Itched Room), Wall Insulation (External Wall Insulation, Internal Wall Insulation, and Cavity Wall Insulation), and Floor Insulat...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Building Thermal Insulation market is likely to witness a CAGR of 9.8% during the forecast period. The prime factors that are driving the building thermal insulation market are the expanding global construction industry and the increasing demand from the automotive industry.
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Building Thermal Insulation Market – Snapshot |
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Growth |
9.8% for the next five years |
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Major Material Type |
Plastic Foam |
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Dominant Building Type |
Residential Building Type |
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Region with the highest demand |
North America |
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Key Players |
Johns Manville Corporation, Saint-Gobain S.A., BASF SE, Kingspan Group plc, Knauf Insulation, Inc., Owens Corning, Huntsman Corporation, Rockwool International A/S, Firestone Building Products Company, Cabot Corporation, Dow Chemical Company, Covestro AG, URSA Insulation, S.A., Paroc Group Oy, Atlas Roofing Corporation, GAF Materials Corporation, Lapolla Industries, Inc., Beijing New Building Material (Group) Co., Ltd., NICHIAS Corporation, Fletcher Building Limited, ODE Industry and Trade Inc., Aspen Aerogels, Inc., Trocellen GmbH, Recticel SA, and KCC Corporation. |
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Based on the material type, the market is segmented as stone wool, glass wool, plastic foam, and others. The plastic foam segment dominated the market in 2019, and is expected to maintain its position during the forecast period. Higher thermal resistance (R-Value), versatility, strength, and life span are some of the major features leading to the dominance of the segment in the global market.
Based on the application type, the building thermal insulation market is segmented as roof insulation, wall insulation, and floor insulation. The wall insulation segment held the largest share of the market in 2019, and is expected to witness a healthy growth during the forecast period. Rising demand for energy-efficient buildings along with maximum loss of energy through building walls are the major factors behind the dominance of the wall insulation segment.
Based on the building type, the building thermal insulation market is segmented as residential building and non-residential building. The residential building segment holds the larger share of the market and is also expected to witness a healthier growth during the forecast period. Revival of the construction industry from subprime crises and euro-debt crises along with significant economic development in the Asia-Pacific region are the major factors driving the growth of residential building.
In terms of regions, North America is estimated to be the largest market for building thermal insulation during the forecast period. Significant demand from various end-use industries and the presence of major players in the region are the key factors behind the dominance of the region in the global building thermal insulation market. Asia-Pacific is expected to witness the highest growth during the forecast period. China, Japan, South Korea, and India are the driving forces of the region’s market.
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Some of the major players in the building thermal insulation market are Johns Manville Corporation, Saint-Gobain S.A., BASF SE, Kingspan Group plc, Knauf Insulation, Inc., Owens Corning, Huntsman Corporation, Rockwool International A/S, Firestone Building Products Company, Cabot Corporation, Dow Chemical Company, Covestro AG, URSA Insulation, S.A., Paroc Group Oy, Atlas Roofing Corporation, GAF Materials Corporation, Lapolla Industries, Inc., Beijing New Building Material (Group) Co., Ltd., NICHIAS Corporation, Fletcher Building Limited, ODE Industry and Trade Inc., Aspen Aerogels, Inc., Trocellen GmbH, Recticel SA, and KCC Corporation.
Building thermal insulation is used to minimize the amount of energy required to heat or cool a building. Building thermal insulation can be categorized based on material type into glass wool, stone wool, plastic foam, and others. On the basis of application type, it can be categorized into roof insulation, wall insulation, and floor insulation. It is widely used in both residential and non-residential buildings.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Building Thermal Insulation Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The building thermal insulation market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The building thermal insulation market is expected to witness an impressive growth of 9.8% CAGR in the foreseeable future.
The plastic foam segment is expected to remain the dominant material type in the building thermal insulation market.
Johns Manville Corporation, Saint-Gobain S.A., BASF SE, Kingspan Group plc, Knauf Insulation, Inc., Owens Corning, Huntsman Corporation, Rockwool International A/S, Firestone Building Products Company, Cabot Corporation, Dow Chemical Company, Covestro AG, URSA Insulation, S.A., Paroc Group Oy, Atlas Roofing Corporation, GAF Materials Corporation, Lapolla Industries, Inc., Beijing New Building Material (Group) Co., Ltd., NICHIAS Corporation, Fletcher Building Limited, ODE Industry and Trade Inc., Aspen Aerogels, Inc., Trocellen GmbH, Recticel SA, and KCC Corporation are among the key players in the building thermal insulation market.
North America is expected to remain the largest market for building thermal insulation during the next five years.
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