Insulation Market Study by Types, Application, Share and Gross Margin Analysis till 2025
The global Insulation Market is projected to witness growth with an excellent CAGR of 8.6% over the forecast period. Rising awareness related to energy conservation is driving growth of the insulation market. Although the construction industry has endured subdued records after the outbreak of worldwide financial crisis in 2008, growing apprehensions over enhanced energy efficiency in residential and non-residential buildings, coupled with surging energy costs are rendering HVAC materials as a popular choice. Zero energy buildings have gained prominence as regulatory authorities are incorporating legislation highlighting the importance of minimizing energy loss with the help of Retrofit construction.
The global Insulation Market is projected to witness growth with an excellent CAGR of 8.6% over the forecast period. Rising awareness related to energy conservation is driving growth of the insulation market. Although the construction industry has endured subdued records after the outbreak of worldwide financial crisis in 2008, growing apprehensions over enhanced energy efficiency in residential and non-residential buildings, coupled with surging energy costs are rendering HVAC materials as a popular choice. Zero energy buildings have gained prominence as regulatory authorities are incorporating legislation highlighting the importance of minimizing energy loss with the help of Retrofit construction.
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Insulation Market Study by Types, Application,
Share and Gross Margin Analysis till 2025
“Zero energy buildings have gained prominence as regulatory authorities are incorporating legislation
highlighting the importance of minimizing energy loss with the help of Retrofit construction.”
The global Insulation Market is projected to witness growth with an excellent CAGR of 8.6% over the forecast period.
Rising awareness related to energy conservation is driving growth of the insulation market. Although the construction
industry has endured subdued records after the outbreak of worldwide financial crisis in 2008, growing
apprehensions over enhanced energy efficiency in residential and non-residential buildings, coupled with surging
energy costs are rendering HVAC materials as a popular choice. Zero energy buildings have gained prominence as
regulatory authorities are incorporating legislation highlighting the importance of minimizing energy loss with the
help of Retrofit construction.
Foamed plastic insulation is gaining huge traction especially in North America and the rest of U.S. allowing it to acquire
significant market share from mineral wool and fiberglass products. Strong residential growth in China and India is
driving demand for this industry. The growing competitiveness among the construction companies is significantly
opening up employment opportunities, specifically in building renovation sector.
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In 2019, Nemo has launched new synthetic material called FeatherCore that weighs less and packs smaller. They
manufacture sleeping bags using synthetic fills called PrimaLoft Silver, which can retain its warmth even in moistureladen
environments.
Some of the key players operating in insulation industry consist of Dow Building Solutions, Byucksan Corporation,
GAF Materials Corporation, Huntsman Corporation, Guardian Building Products Inc., Johns Manville, Saint-Gobain
S.A., CertainTeed Corporation, Cellofoam North America Inc., ROCKWOOL International A/S, Owens Corning, Atlas
Roofing Corporation, and Kingspan Group.
Countries like Korea and Japan with tropical climate have experienced greater adoption of HVAC for thermal
protection of air conditional systems. Roofing and foaming techniques demand is projected to advance in developing
countries owing to rapid industrialization and construction activity. Government efforts to minimize energy
consumption predominantly in Western Europe is anticipated to impel implementation of new building codes that
mandate more insulation usage. Europe is emerging as a leader R&D for rendering cost-effective energy savings with
its existing Energy Performance of Buildings Directive.
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Market Segment:
Insulation Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Glass Wool
• Glass Wool by Application
• Mineral Wool
• Mineral Wool by Application
• EPS
• EPS by Application
• XPS
• XPS by Application
• Others
• Others by Application
Insulation Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Residential Construction
• Non-residential Construction
• Industrial, HVAC & OEM
Insulation Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• Japan
• India
• Middle East and Africa
• Central & South America
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