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Building Thermal Insulation Market

Building Thermal Insulation Market, By Material (Plastic Foam, Glass Wool, Stone Wool, Polystyrene Foam, Polyurethane Foam), Building Type (Residential, Non-Residential), Application (Pitch Roof, Flat Roof, External Walls, Internal Walls, Floor, Cavity Wall) - Global Market Trends & Forecasts Up to 2025

Report code: SDMRCH6226 | Industry: Chemicals & Materials | Published On: 3/2/2018

The building thermal insulation market is estimated to account for USD 25.8 billion in 2017, and is projected to grow at a CAGR of 3.25% to reach USD 31.2 billion by 2023. Stringent regulations pertaining to reduction of GHG emissions in North America and Europe are primarily driving the building thermal insulation market. The opportunities for players in the BTI market lies in exploring the untapped market in the emerging economies and launching better energy efficient products.


In the building thermal insulation market, with respect to materials, plastic foams is the leading segment. Its demand is prominent in the Asia-Pacific market along with significant consumption in the European countries. The superior properties of plastic foams, such as low thermal conductivity, high strength, and lifespan, and versatility have been driving its demand over the years. Among the varieties of plastic foams, Expanded polystyrene (EPS) is expected to be the fastest growing segment with a CAGR of 4.0-4.5% for the next five years until 2023. Low thermal conductivity (high R-value) of EPS’ enables the manufacturers to use it in lower quantities to make products of similar thermal resistance in comparison to other insulation materials. In addition, EPS’ durability and lightness is driving its demand in the European and the North American market.

In 2017, Wool insulation accounts for the second largest share in the BTI market by materials. It is estimated to account for about 40.0% of the total building thermal insulation market in terms of value. Wool insulation products such as blankets & sheets are the widely used as they possess temperature sustaining capacity up to 4100 C and thickness varying from 25 to 150 mm. In the coming years, glass wool is anticipated to be the leading material in this segment. Glass wool’s demand is high due to its increasing usage in masonry cavity walls, flat roofs, and suspended floor insulations owing to low inflammability.

In 2017, Wall insulation accounted for the highest share among roof and floor applications, and is expected to continue to dominate during the forecast period. The walls have the large surface area and maximum dissipation of energy takes place through walls in a building, thus driving the demand for wall insulation. Roofs account for the second largest share as it is the prominent source of heat penetration from direct sunrays and proper insulation is required to maintain optimal temperatures.

Residential building segment is estimated to account for about 55.0% of the total building thermal insulation market in 2017. However, the non-residential segment is anticipated to account for the rest 45.0% of the total BTI market value. The presence of strict building codes, accompanied by the growing demand for housing sector especially in the US, the UK, and Germany drive the demand for building thermal insulation in residential buildings. The non-residential segment is expected to witness high growth than residential segment during the forecast period. Increasing activities in the industrial and the manufacturing segment in the U.S. is expected to drive the demand for building thermal insulation in the non-residential segment in North America. The rising energy cost drives the demand for building thermal insulation in both residential and non-residential segment.

In 2017, North America accounted for the largest share in the building thermal insulation market followed Europe and then Asia-Pacific. The building thermal insulation market in North America and Europe is driven by the stringent building codes, and the growth of housing sector primarily in U.S., the U.K. and Germany. An initiative like Weatherization Assistance Program (WAP) to focus adoption of thermal laggings in low income households at a large scale has boosted the North American building thermal insulation market.

The insulation market in Europe is mostly dependent upon retrofit and renovation activities leading to re-insulation of old buildings. In the Western European region, after Germany, Poland is the second largest market for building thermal insulation products. Asia-Pacific is anticipated to be the fastest growing market for building thermal insulation products during the forecast period i.e. from 2018-2013. Increasing construction spending in China, India, and Japan to improve infrastructure in addition to energy conservation initiatives is expected to drive the BTI market in the APAC region over the next five years.

The building thermal insulation market is highly fragmented and competitive in nature with the presence of global, regional, and local players. Joint ventures, mergers, collaborations and partnerships, and new product launch are the most prominent strategies practiced in this market to strengthen the market position. For instance, Rockwool International announced its capacity expansion plans in December 2017, wherein, the company would be acquiring land in Sweden, Romania, and U.S. to establish three new production facilities. The key players operating in this industry are BASE SE, Kingspan Group Plc, Owens Corning, Saint-Gobain S.A., Rockwool International, Johns Manville Corporation, Paroc Group, and Knauf Insulation among others.

1.  Introduction
1.1.  Goal  &  Objective
1.2.  Report  Coverage
1.3.  Supply  Side  Data  Modelling  &  Methodology
1.4.  Demand  Side  Data  Modelling  &  Methodology

2.  Executive  Summary

3.  Market  Outlook    
3.1.  Introduction
3.2.  Current  &  Future  Outlook
3.3.  DROC
3.3.1.  Drivers  Rising  awareness  and  the  need  for  energy  efficient  structures  Adherence  to  Stringent  Building  Energy  Codes  Strict  regulations  pertaining  to  reduction  of  GHG  emissions  Development  of  Green  Buildings
3.3.2.  Restraints  Price  volatility  of  the  insulation  materials  Stagnant  growth  of  Construction  Industry  in  Europe
3.3.3.  Opportunities  Untapped  market  in  the  emerging  economies
3.3.4.  Challenges  Lack  of  Awareness
3.4.  Market  Entry  Matrix
3.5.  Market  Opportunity  Analysis
3.6.  Market  Regulations
3.6.1.  Energy  Efficiency  Codes  for  Building  for  Major  countries
3.7.  Cost  Structure  Analysis
3.8.  Pricing  Analysis
3.8.1.  North  America
3.8.2.  Europe
3.8.3.  Asia-Pacific
3.8.4.  Middle  East  &  Africa

3.9.  Key  Customers  List  
3.10.  Value  Chain  &  Ecosystem  
3.10.1.  Raw  Material  Analysis
3.10.2.  Building  Insulation  Materials
3.10.3.  Building  Insulation  Materials  Product  Forms
3.10.4.  Distribution  Network
3.10.5.  End-Users
3.11.  Macroeconomic  Indicators
3.11.1.  GDP  for  Major  Countries
3.11.2.  Construction  Industry  Analysis

4.  Demand  Market  Analysis
4.1.  Building  Thermal  Insulation  Market,  By  Material
4.2.  Plastic  Foam  
4.2.1.  Market  Size  &  Forecasts,  2018-2025
4.2.2.  Polystyrene  Foam  XPS  Foam  EPS  Foam
4.2.3.  Polyurethane  (PUR)  &  Polyisocyanurate  (PIR)  Foam
4.2.4.  Others  Elastomeric  Foam  Phenolic  Foam  Others
4.3.  Stone  Wool
4.3.1.  Market  Size  &  Forecasts,  2018-2025
4.4.  Glass  Wool
4.4.1.  Market  Size  &  Forecasts,  2018-2025
4.5.  Others
4.5.1.  Market  Size  &  Forecasts,  2018-2025
4.5.2.  Aerogel
4.5.3.  Cellulose
4.5.4.  Others

5.  Building  Thermal  Insulation  Market,  By  Building  Type
5.1.  Introduction
5.2.  Residential
5.2.1.  Market  Size  &  Forecasts,  2018-2025
5.3.  Industrial
5.3.1.  Market  Size  &  Forecasts,  2018-2025
5.4.  Commercial
5.4.1.  Market  Size  &  Forecasts,  2018-2025
5.5.  Others  
5.5.1.  Market  Size  &  Forecasts,  2018-2025

6.  Building  Thermal  Insulation  Market,  by  Application
6.1.  Introduction
6.2.  Wall  Insulation
6.2.1.  Market  Size  &  Forecasts,  2018-2025
6.2.2.  Internal  Wall  Insulation
6.2.3.  External  Wall  Insulation
6.2.4.  Cavity  Wall  Insulation
6.3.  Roof  Insulation
6.3.1.  Market  Size  &  Forecasts,  2018-2025
6.3.2.  Flat  Roof  Insulation
6.3.3.  Pitch  Roof  Insulation
6.4.  Floor  Insulation
6.4.1.  Market  Size  &  Forecasts,  2018-2025

7.  Building  Thermal  Insulation  Market  Analysis,  By  Region
7.1.  North  America
7.1.1.  North  America  Market  Size,  By  Country  2018-2025
7.1.2.  North  America  Market  Size,  By  Material  2018-2025
7.1.3.  North  America  Market  Size,  By  Building  Type  2018-2025
7.1.4.  North  America  Market  Size,  By  Application  2018-2025  U.S.  U.S.  Market  Size,  By  Material  2018-2025  U.S.  Market  Size,  By  Building  Type  2018-2025  U.S.  Market  Size,  By  Application  2018-2025  Canada  Canada  Market  Size,  By  Material  2018-2025  Canada  Market  Size,  By  Building  Type  2018-2025  Canada  Market  Size,  By  Application  2018-2025  Mexico  Mexico  Market  Size,  By  Material  2018-2025  Mexico  Market  Size,  By  Building  Type  2018-2025  Mexico  Market  Size,  By  Application  2018-2025
7.2.  Europe
7.2.1.  Europe  Market  Size,  By  Country  2018-2025
7.2.2.  Europe  Market  Size,  By  Material  2018-2025
7.2.3.  Europe  Market  Size,  By  Building  Type  2018-2025
7.2.4.  Europe  Market  Size,  By  Application  2018-2025  Germany  Germany  Market  Size,  By  Material  2018-2025  Germany  Market  Size,  By  Building  Type  2018-2025  Germany  Market  Size,  By  Application  2018-2025  Italy  Italy  Market  Size,  By  Material  2018-2025  Italy  Market  Size,  By  Building  Type  2018-2025  Italy  Market  Size,  By  Application  2018-2025  U.K.  U.K.  Market  Size,  By  Material  2018-2025  U.K.  Market  Size,  By  Building  Type  2018-2025  U.K.  Market  Size,  By  Application  2018-2025  France  France  Market  Size,  By  Material  2018-2025  France  Market  Size,  By  Building  Type  2018-2025  France  Market  Size,  By  Application  2018-2025  Spain  Spain  Market  Size,  By  Material  2018-2025  Spain  Market  Size,  By  Building  Type  2018-2025  Spain  Market  Size,  By  Application  2018-2025  Russia  Russia  Market  Size,  By  Material  2018-2025  Russia  Market  Size,  By  Building  Type  2018-2025  Russia  Market  Size,  By  Application  2018-2025  Poland  Poland  Market  Size,  By  Material  2018-2025  Poland  Market  Size,  By  Building  Type  2018-2025  Poland  Market  Size,  By  Application  2018-2025  Rest  of  Europe  Rest  of  Europe  Market  Size,  By  Material  2018-2025  Rest  of  Europe  Market  Size,  By  Building  Type  2018-2025  Rest  of  Europe  Market  Size,  By  Application  2018-2025
7.3.  Asia-Pacific
7.3.1.  Asia-Pacific  Market  Size,  By  Country  2018-2025
7.3.2.  Asia-Pacific  Market  Size,  By  Material  2018-2025
7.3.3.  Asia-Pacific  Market  Size,  By  Building  Type  2018-2025
7.3.4.  Asia-Pacific  Market  Size,  By  Application  2018-2025  China  China  Market  Size,  By  Material  2018-2025  China  Market  Size,  By  Building  Type  2018-2025  China  Market  Size,  By  Application  2018-2025  Japan  Japan  Market  Size,  By  Material  2018-2025  Japan  Market  Size,  By  Building  Type  2018-2025  Japan  Market  Size,  By  Application  2018-2025  India  India  Market  Size,  By  Material  2018-2025  India  Market  Size,  By  Building  Type  2018-2025  India  Market  Size,  By  Application  2018-2025  South  Korea  South  Korea  Market  Size,  By  Material  2018-2025  South  Korea  Market  Size,  By  Building  Type  2018-2025  South  Korea  Market  Size,  By  Application  2018-2025  Taiwan  Taiwan  Market  Size,  By  Material  2018-2025  Taiwan  Market  Size,  By  Building  Type  2018-2025  Taiwan  Market  Size,  By  Application  2018-2025  Thailand  Thailand  Market  Size,  By  Material  2018-2025  Thailand  Market  Size,  By  Building  Type  2018-2025  Thailand  Market  Size,  By  Application  2018-2025  Malaysia  Malaysia  Market  Size,  By  Material  2018-2025  Malaysia  Market  Size,  By  Building  Type  2018-2025  Malaysia  Market  Size,  By  Application  2018-2025  Indonesia  Indonesia  Market  Size,  By  Material  2018-2025  Indonesia  Market  Size,  By  Building  Type  2018-2025  Indonesia  Market  Size,  By  Application  2018-2025  Australia  Australia  Market  Size,  By  Material  2018-2025  Australia  Market  Size,  By  Building  Type  2018-2025  Australia  Market  Size,  By  Application  2018-2025  Rest  of  Asia-Pacific  Rest  of  Asia-Pacific  Market  Size,  By  Material  2018-2025  Rest  of  Asia-Pacific  Market  Size,  By  Building  Type  2018-2025  Rest  of  Asia-Pacific  Market  Size,  By  Application  2018-2025  Rest  of  Asia-Pacific  Market  Size,  By  End-Use  Industry  2018-2025
7.4.  Middle  East  &  Africa
7.4.1.  Middle  East  &  Africa  Market  Size,  By  Country  2018-2025
7.4.2.  Middle  East  &  Africa  Market  Size,  By  Material  2018-2025
7.4.3.  Middle  East  &  Africa  Market  Size,  By  Building  Type  2018-2025
7.4.4.  Middle  East  &  Africa  Market  Size,  By  Application  2018-2025  Saudi  Arabia  Saudi  Arabia  Market  Size,  By  Material  2018-2025  Saudi  Arabia  Market  Size,  By  Building  Type  2018-2025  Saudi  Arabia  Market  Size,  By  Application  2018-2025  UAE  UAE  Market  Size,  By  Material  2018-2025  UAE  Market  Size,  By  Building  Type  2018-2025  UAE  Market  Size,  By  Application  2018-2025  Turkey  Turkey  Market  Size,  By  Material  2018-2025  Turkey  Market  Size,  By  Building  Type  2018-2025  Turkey  Market  Size,  By  Application  2018-2025  Qatar  Qatar  Market  Size,  By  Material  2018-2025  Qatar  Market  Size,  By  Building  Type  2018-2025  Qatar  Market  Size,  By  Application  2018-2025  South  Africa  South  Africa  Market  Size,  By  Material  2018-2025  South  Africa  Market  Size,  By  Building  Type  2018-2025  South  Africa  Market  Size,  By  Application  2018-2025  Rest  Of  Middle  East  &  Africa  Rest  Of  Middle  East  &  Africa  Market  Size,  By  Material  2018-2025  Rest  Of  Middle  East  &  Africa  Market  Size,  By  Building  Type  2018-2025  Rest  Of  Middle  East  &  Africa  Market  Size,  By  Application  2018-2025  Rest  Of  Middle  East  &  Africa  Market  Size,  By  End-Use  Industry  2018-2025
7.5.  South  America
7.5.1.  South  America  Market  Size,  By  Country  2018-2025
7.5.2.  South  America  Market  Size,  By  Material  2018-2025
7.5.3.  South  America  Market  Size,  By  Building  Type  2018-2025
7.5.4.  South  America  Market  Size,  By  Application  2018-2025
7.5.5.  South  America  Market  Size,  By  End-Use  Industry  2018-2025  Brazil  Brazil  Market  Size,  By  Material  2018-2025  Brazil  Market  Size,  By  Building  Type  2018-2025  Brazil  Market  Size,  By  Application  2018-2025  Brazil  Market  Size,  By  End-Use  Industry  2018-2025  Argentina  Argentina  Market  Size,  By  Material  2018-2025  Argentina  Market  Size,  By  Building  Type  2018-2025  Argentina  Market  Size,  By  Application  2018-2025  Argentina  Market  Size,  By  End-Use  Industry  2018-2025  Rest  of  South  America  Rest  of  South  America  Market  Size,  By  Material  2018-2025  Rest  of  South  America  Market  Size,  By  Building  Type  2018-2025  Rest  of  South  America  Market  Size,  By  Application  2018-2025  Rest  of  South  America  Market  Size,  By  End-Use  Industry  2018-2025

8.  Supply  Market  Analysis
8.1.  Strategic  Benchmarking
8.2.  Market  Share  Analysis
8.3.  Key  Players  (Company  Snapshot,  Product  Portfolio,  Financials,  and  Strategic  Analysis)  
8.3.1.  BASF  SE
8.3.2.  Kingspan  Group  PLC
8.3.3.  Owens  Corning
8.3.4.  Saint-Gobain  S.A.
8.3.5.  Rockwool  International  A/S
8.3.6.  Johns  Manville  Corporation
8.3.7.  Gaf  Materials  Corporation
8.3.8.  Paroc  Group  Oy
8.3.9.  Knauf  Insulation,  Inc
8.3.10.  Beijing  New  Building  Material  (Group)  Co.,  Ltd.
8.3.11.  CertainTeed  Corporation
8.3.12.  Dow  Building  Solutions
8.3.13.  Atlas  Roofing  Corporation
8.3.14.  Huntsman  Corporation
8.3.15.  KCC  Corporation  
8.3.16.  Cabot  Corporation
8.3.17.  Aspen  Aerogels  &  Others

SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach


Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.

Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis

Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price

Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image
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