Market Summary
Research Methodology on Building Insulation Material Market
RESEARCH OBJECTIVE
- To analyze the global Building Insulation Material Market
- To study the current trends and future prospects of the Building Insulation Material Market
- To research the segmentation of the Building Insulation Material Market
- To investigate the driving factors and industry barriers for the Building Insulation Material Market
- To assess the competitive dynamics of the Building Insulation Material Market
RESEARCH SCOPE
This study aims to review the latest trends, drivers, and technology of the global Building Insulation Material Market over the forecast period from 2023 to 2030. The report further provides a comprehensive analysis of the industry with key market segments and sub-segments, and trends, and offers insights into the building insulation material market.
RESEARCH METHODOLOGY
Research Type
The research conducted to analyze the Building Insulation Material Market is qualitative and quantitative in nature. The qualitative research involved analyzing the existing market reports, articles, and white papers, while the quantitative research involved market segmentation, forecasting, statistical analysis, and market estimation (using secondary and primary data).
Primary Data
Primary data was collected from various seminars, interviews, discussions, surveys, and datasets conducted with industry leaders, professionals, and distributors. It was observed that the primary data collected from interviews was more reliable and accurate than the secondary and quantitative data gathered from sources such as reports and surveys.
Secondary Data
Secondary data were obtained from different sources such as government websites, corporate websites, portals, and press releases. This enabled the research team to better understand the products, services, and techniques used in the Building Insulation Material Market.
Data Analysis
Data were analyzed using multiple methods, including descriptive and explanatory analysis techniques. Further, graphical formats such as tables, charts, and diagrams were used for the visual presentation of the data.
MARKET SEGMENTATION
The Building Insulation Material Market is segmented based on product, type, application, and region.
By Product
The Building Insulation Material Market is segmented into two categories based on the types of products available in the market, namely rigid and flexible insulations. These materials are categorized according to their end-use applications.
- a) Rigid Insulations – These include glass wool, calcium silicate, expanded polystyrene, extruded polystyrene, polyurethane, and rock wool.
- b) Flexible Insulations – These include foil, fibreglass, and cellulose.
By Type
The Building Insulation Material Market is segmented into four different types, namely, airborne, thermal, water-repellent, and air-permeable.
- a) Airborne – These materials are designed to reduce sound transmission and can be either rigid or flexible.
- b) Thermal – These are materials used to reduce heat loss or gain by resisting the flow of energy.
- c) Water-repellent – This type of insulation is used to prevent the passage of moisture.
- d) Air-permeable – This type of insulation is designed to allow air to pass through the material.
By Application
The Building Insulation Material Market is segmented into various end-use applications, such as commercial, industrial, residential, and others.
- a) Commercial – These products are used in commercial buildings, such as office buildings, shopping centres, and hotels.
- b) Industrial – These materials are used in warehouses, manufacturing plants, and refineries.
- c) Residential – These products are used in residential homes.
- d) Others – This includes products used for other applications such as automotive and military.
By Region
The Building Insulation Material Market is segmented based on geographical regions, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
KEY MARKET PLAYERS
The ke y market players in the Building Insulation Material Market include Owens Corning (US), Dupont (US), Johns Manville (US), PPG Industries (US), Rockwool (Denmark), Kingspan (Ireland), Armacell (Luxembourg), SABIC (Saudi Arabia), Polymer Technologies (US), and Stouder Industries (US).
CONCLUSION
The Building Insulation Material Market is expected to register a positive CAGR over the forecast period from 2023 to 2030, owing to the increasing demand for energy-efficient products in various sectors, such as commercial, industrial, and residential. Moreover, the rising awareness of green buildings and sustainable architecture is anticipated to propel the demand for building insulation materials during the forecast period. The development of advanced insulation materials is further expected to propel the growth of the Building Insulation Material Market during the forecast period.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 29.3 billion |
Market Size 2024 | USD 30.375 billion |
Market Size 2032 | USD 39.1 billion |
Compound Annual Growth Rate (CAGR) | 4.71% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2018- 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Material, Application and End-User, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | BASF SE, Rockwool International A/S (Denmark), Owens Corning Corporation, Paroc Group Oy, Lloyd Insulations Limited, Knauf Insulation Inc., Johns Manville Inc., GlassRock Insulation Company SAE, Saint-Gobain SA. and Kingspan Group Plc. |
Key Market Opportunities | Adoption of innovative construction materials is increasing. A greater emphasis on infrastructure development |
Key Market Dynamics | The building industry has maintained product demand from some of Asia's fastest-growing countries. |
Major Players
Building Insulation Material Market Segmentation
Building Insulation Material Market By Material Outlook (USD Billion, 2018-2032)
Stone wool
Glass wool
EPS
XPS
Others
Building Insulation Material Market By Application Outlook (USD Billion, 2018-2032)
Walls
Roofs
Floors
Building Insulation Material Market By End-User Outlook (USD Billion, 2018-2032)
Commercial
Residential
Building Insulation Material Market Regional Outlook (USD Billion, 2018-2032)
North America Outlook (USD Billion, 2018-2032)
North America Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
North America Building Insulation Material Market Application
Walls
Roofs
Floors
North America Building Insulation Material Market By End-User
Commercial
Residential
US Outlook (USD Billion, 2018-2032)
US Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
US Building Insulation Material Market Application
Walls
Roofs
Floors
US Building Insulation Material Market By End-User
Commercial
Residential
CANADA Outlook (USD Billion, 2018-2032)
CANADA Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
CANADA Building Insulation Material Market Application
Walls
Roofs
Floors
CANADA Building Insulation Material Market By End-User
Commercial
Residential
Europe Outlook (USD Billion, 2018-2032)
Europe Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
Europe Building Insulation Material Market Application
Walls
Roofs
Floors
Europe Building Insulation Material Market By End-User
Commercial
Residential
Germany Outlook (USD Billion, 2018-2032)
Germany Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
Germany Building Insulation Material Market Application
Walls
Roofs
Floors
Germany Building Insulation Material Market By End-User
Commercial
Residential
France Outlook (USD Billion, 2018-2032)
France Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
France Building Insulation Material Market Application
Walls
Roofs
Floors
France Building Insulation Material Market By End-User
Commercial
Residential
UK Outlook (USD Billion, 2018-2032)
UK Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
UK Building Insulation Material Market Application
Walls
Roofs
Floors
UK Building Insulation Material Market By End-User
Commercial
Residential
ITALY Outlook (USD Billion, 2018-2032)
ITALY Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
ITALY Building Insulation Material Market Application
Walls
Roofs
Floors
ITALY Building Insulation Material Market By End-User
Commercial
Residential
SPAIN Outlook (USD Billion, 2018-2032)
Spain Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
Spain Building Insulation Material Market Application
Walls
Roofs
Floors
Spain Building Insulation Material Market By End-User
Commercial
Residential
Rest Of Europe Outlook (USD Billion, 2018-2032)
Rest Of Europe Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
REST OF EUROPE Building Insulation Material Market Application
Walls
Roofs
Floors
REST OF EUROPE Building Insulation Material Market By End-User
Commercial
Residential
Asia-Pacific Outlook (USD Billion, 2018-2032)
Asia-Pacific Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
Asia-Pacific Building Insulation Material Market Application
Walls
Roofs
Floors
Asia-Pacific Building Insulation Material Market By End-User
Commercial
Residential
China Outlook (USD Billion, 2018-2032)
China Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
China Building Insulation Material Market Application
Walls
Roofs
Floors
China Building Insulation Material Market By End-User
Commercial
Residential
Japan Outlook (USD Billion, 2018-2032)
Japan Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
Japan Building Insulation Material Market Application
Walls
Roofs
Floors
Japan Building Insulation Material Market By End-User
Commercial
Residential
India Outlook (USD Billion, 2018-2032)
India Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
India Building Insulation Material Market Application
Walls
Roofs
Floors
India Building Insulation Material Market By End-User
Commercial
Residential
Australia Outlook (USD Billion, 2018-2032)
Australia Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
Australia Building Insulation Material Market Application
Walls
Roofs
Floors
Australia Building Insulation Material Market By End-User
Commercial
Residential
Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)
Rest of Asia-Pacific Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
Rest of Asia-Pacific Building Insulation Material Market Application
Walls
Roofs
Floors
Rest of Asia-Pacific Building Insulation Material Market By End-User
Commercial
Residential
Rest of the World Outlook (USD Billion, 2018-2032)
Rest of the World Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
Rest of the World Building Insulation Material Market Application
Walls
Roofs
Floors
Rest of the World Building Insulation Material Market By End-User
Commercial
Residential
Middle East Outlook (USD Billion, 2018-2032)
Middle East Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
Middle East Building Insulation Material Market Application
Walls
Roofs
Floors
Middle East Building Insulation Material Market By End-User
Commercial
Residential
Africa Outlook (USD Billion, 2018-2032)
Africa Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
Africa Building Insulation Material Market Application
Walls
Roofs
Floors
Africa Building Insulation Material Market By End-User
Commercial
Residential
Latin America Outlook (USD Billion, 2018-2032)
Latin America Building Insulation Material Market By Material
Stone wool
Glass wool
EPS
XPS
Others
Latin America Building Insulation Material Market Application
Walls
Roofs
Floors
Latin America Building Insulation Material Market By End-User
Commercial
Residential
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