Building Thermal Insulation Market Report

Market Insights

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.

Segment Analysis

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Building Thermal Insulation Market Share: By Material Type

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.

Building Thermal Insulation Market Share: By Application Type

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.

Building Thermal Insulation Market Share: By Building Type

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.

Building Thermal Insulation Market Share: By Region

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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Market Scope & Segmentation

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.

The building thermal insulation market is segmented into the following categories. 

Building Thermal Insulation Market Size, Share, & Forecast, by Material Type:

• Glass Wool (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Stone Wool (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Plastic Foam
• Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
• Type Analysis (Polystyrene and PUR & PIR)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Building Thermal Insulation Market Size, Share, & Forecast, by Application Type:

• Roof Insulation
• Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
• Type Analysis (Flat Roof Insulation and Itched Roof Insulation)
• Wall Insulation
• Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
• Type Analysis (External Wall, Internal Wall, and Cavity Wall)
• Floor Insulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Building Thermal Insulation Market Size, Share, & Forecast, by Building Type:

• Residential Building (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Non-Residential Building (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Building Thermal Insulation Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

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.

Research Methodology

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.

Report Features

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:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the material types by building type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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].