Building Thermal Insulation Market Trends, Capacity, Production, Analysis And Forecast, 2014-2025

Building Thermal Insulation Market Trends, Capacity,
Production, Analysis And Forecast, 2014-2025
“Global Building Thermal Insulation Market was valued at about USD 24.4
billion 2015. It’s been estimated to develop at a CAGR of approximately 4.2%
during the forecast period. Rising demand for thermally insulated buildings
in residential as well as non-residential sector so as to minimize the energy
costs along with the growing awareness towards energy consumption is
anticipated to drive the market growth for the products.”
Industry Insights
Global Building Thermal Insulation Market was valued at about USD 24.4 billion 2015. It’s been estimated to
develop at a CAGR of approximately 4.2% during the forecast period. Rising demand for thermally insulated
buildings in residential as well as non-residential sector so as to minimize the energy costs along with the
growing awareness towards energy consumption is anticipated to drive the market growth for the products.
Strict government regulation, especially in developed countries, is expected to support the industry growth
shortly.
Favorable regulatory policies for the implementation of building thermal insulation materials are the key factors
estimated to boost the European market. The increasing demand in China is most likely to push the Asia Pacific
region to become the fastest growing areas. Furthermore, rising disposable income, industrial output and rapid
urbanization in Asia Pacific have boosted the need for improved infrastructure in the region. Government
policies and initiatives to cut down the greenhouse gas emissions coupled with rising construction spending is
expected to propel the industry growth in the region.
U.S is anticipated to emerge as the largest sector of the industry in the North American region. Government
bodies like the Weatherization Assistance Program i.e. WAP pay attention towards the implementation of
thermal coverings on a large scale in the low-income homes; this has played a very crucial role in splurging the
North American market.
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Domestic demand of the product is anticipated to drive the market growth. With almost diminished dependency
on export, this region is expected to pay severe attention towards the investments and trade in their home
market.
Product Insights
Glass wool is the largest product segment as well as witnesses the leading penetration in the market, and also
it is estimated to continue being the largest segment shortly. Glass wool being the low fire hazardous material
has experienced wide acceptance in the industry. It’s easy to install procedure with DIY tools has facilitated the
product to penetrate the market.
Expanded polystyrene or EPS is another product which is expected to develop as the fastest emerging product
segment in the industry. EPS has already established its popularity in Europe, and it now has the huge demand
in North America as well. The product is famous for its high thermal insulation nature i.e. R-value. It is required
in small numbers with respect to traditional products. EPS is manufactured from non-renewable materials,
which stands as a major challenge to its growth.
Application Insights
Wall insulation accounts for the highest market share and is anticipated to dominate the demand for the
segment over the forecast period. Large wall surface area is the main reason for its market penetration. Thermal
paddings are used for insulating interior as well as exterior walls. Walls are anticipated to be the leading
application segment as well as it is estimated to have rapid growth over the forecast period.
Roof insulation is expected to gain popularity and emerged as the second largest application segment in the
industry. A roof is most likely to be a primary source of heat penetration as sunrays fall directly on to a roof and
hence it needs proper insulation to retain ideal temperature. Roof application segment is estimated to develop
at a CAGR of about 3.8% over the forecast period.
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End-Use Insights
In 2015, about 50% of the total global market demand was for the residential construction segment and
emerged as the largest segment. Residential construction is anticipated to increase by over 0.85% by 2025 owing
to rising thermal padding demand in residential buildings in the account to cut down the energy consumption.
In, 2015 non-residential construction segment accounted for around 49% of total global market share as per
revenue. Rising awareness towards energy efficiency in public and commercial buildings owing to high energy
costs that ultimately leads to high maintenance costs is anticipated to further drive the market growth over the
forecast period.

Regional Insights
Asia Pacific is expected to witness a fast growth, and it is estimated to occupy 26.4% of total market share. The
regional growth is categorized by high thermal barrier demand in commercial and public buildings. The
governments of the countries such as India, Japan, and China have been raising their construction expenditure
to enhance commercial and public infrastructure. These trends combined with energy conservation wits to cut
down greenhouse gas emissions are projected to propel the Asia Pacific market growth during 2016 to 2025.
Europe is regulated by strict government policies under REACH. Moreover, the European Commission takes
initiatives to support energy conservation strategies associated with thermal insulation are anticipated to
support growth. Rising costs for energy and increasing awareness related to benefits of thermal paddings among
consumers are expected to impact positively on the market growth regionally. The region is projected to
continue being largest market for making thermal insulation materials.
Competitive Insights
Major players in the industry include Owens Corning Corp., CertainTeed Corporation, BASF Polyurethanes, Dow
Building Solution, Saint-Gobain S.A., Huntsman International LLC, John Manville Corporation, etc.
The market is matured and hence can be treated as a stable provider. The industry has experienced slow but
steady growth in various application segments. The product is in demand in this region and thus the market is
price sensitive. Execution of energy efficiency programs and new construction activities are considered to result
in industry rivalry.
Market Segment:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• Glass Wool
• Mineral Wool
• EPS
• XPS
• Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• Roof
• Walls
• Floor
End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• Residential
• Non-Residential

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Central & South America
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