Building Insulation Materials Market Outlook – 2030
The building insulation materials are those materials that assist in reduction of heat transfer through the building by the means of blankets, spray foam, and panels forming a thermal envelope around it. Appropriate insulation of a building can results in substantial savings on the energy costs by lowering the heating and cooling expenses, as effective insulation curtails heat gain for the duration of summer and heat loss for the period of winter. Along with the reduction in energy costs, they also aid in reducing greenhouse gas emissions, for both residential as well as non-residential segments.
Market Scope and Structure Analysis
The growing urbanization, industrialization and growing power requirements, coupled with the need to develop energy saving and cost-effective solutions for the residential and non-residential constructions are the key factors for the growth of the building insulation materials market. The rapid advancements in sustainable and green building solutions involving building insulation systems are propelling the market to new heights.
COVID-19 Impact analysis
The COVID-19 pandemic had a negative impact on the building insulation materials market. With the implementation of lockdowns across the globe as a measure to prevent the widespread of the COVID-19 pandemic, the construction activities for both residential and commercial segment were on a halt or cancelled. The maintenance of the pre-existing structures was also postponed. On the other hand, the supply chain got disrupted, hampering movement of man, material and money to restore the growth of the global building insulation materials market.
Furthermore, the financial health of the construction & building industry as well as individuals also suffered from the impact of COVID-19 pandemic rendering the builders to construct and the public to purchase or renovate their establishments. All these factors, cumulatively led to the decline in the sales and revenues of the building insulation materials. However, the increased activity on healthcare infrastructure development to combat COVID-19 and provide medical support to the COVID patients kept the building insulation materials market afloat and mitigated the sharp downfall in revenues of the market. Even after the lockdown is lifted and the constructions resume, the market growth may be slow for a while due to difficulty in availing labor, goods and others, which may hinder the expected rate of progress for a short post pandemic period.
Top Impacting Factors
- The need to comply with the stringent regulations and norms put forward by the regulatory bodies such as Leadership in Energy and Environmental Design (LEED) and Building Research Establishment Environmental Assessment Method (BREEAM), the builders are paying more attention towards the building insulation along with the other products like fire protective coatings, and anti-carbonation coatings. The regulations to reduce the energy consumption as well as greenhouse emissions are driving the market as the building insulation aids in the green and sustainable building solutions.
- Rapid urbanization and industrialization have fueled the large-scale infrastructure development, especially in the developing nations. This drives the construction and building industry due to the establishment of novel residential as well as industrial structures, which is expected to propel the global building insulation materials market as these materials not only help in energy conservation but also provide fire and impact resistance to the building structures.
Market Trends
- New product launches to flourish the market: Continuous improvements are being done to enhance the effectiveness of the green building solutions and hence, building insulation systems to maximize savings on energy expenses and reduce the carbon footprint.
- The organizations such as Leadership in Energy and Environmental Design (LEED), US Environment Protection Agency (EPA), and Building Research Establishment Environmental Assessment Method (BREEAM) are setting up stringent rules and regulations to accommodate the building insulation systems in all new constructions in order to make the buildings more sustainable which in turn is anticipated to drive the growth of the market in the upcoming years.
- The North American region currently holds the larger share of the market due to its widespread construction and building market. However, the APAC region is advancing at a rapid rate due to the development of infrastructure for residential segment, owing to the urbanization as well as non-residential segment, due to industrialization. The large-scale investments directed towards the development of infrastructure by governments in the Asia-Pacific nations is expected to attract new innovations and progress for the building insulation materials market.
Key Benefits of the Report
- This study presents the analytical depiction of the Building Insulation Materials industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Building Insulation Materials market share.
- The current market is quantitatively analyzed to highlight the Building Insulation Materials market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Building Insulation Materials market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Building Insulation Materials Report
- Who are the leading market players active in the Building Insulation Materials market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
- What is "Biomimetic Materials”?
- What does “Building Insulation Materials” allow organizations to achieve?
- Which technologies combine to make “Building Insulation Materials” a critical organizational asset?
- What is “Building Insulation Materials” Market prediction in the future?
- Who are the leading global players in the “Building Insulation Materials” Market?
- What are the current trends and predicted trends?
- What are the challenges faced in the “Building Insulation Materials” Market?
- What are the key benefits of the “Building Insulation Materials” Market report?
- What will be the anticipated growth rates for your own Building Insulation Materials Market economy altogether and also for every segment inside?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
Key Market Segments
- By Type
- Fiberglass
- Mineral Wool
- Cellulose
- Polyurethane/Polyisocyanurate Foam
- Polystyrene
- Others
- By End Use
- Residential
- Non-Residential
- By Application
- Floor & Basement
- Wall
- Roof & Ceiling
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- Nippon Sheet Glass Co., Ltd
- Owens Corning
- Johns Manville Corp
- DuPont
- Kingspan Group
- Beijing New Building Material (Group) Co., Ltd.
- BASF SE
- Dow
- Knauf Insulation., Inc.
- BYSTRONIC GLASS
- PPG Industries Ohio, Inc.
- ROCKWOOL International A/S
- Paroc Group
- Saint-Gobain
- Technoform.