Market Overview:
Reflective insulation material is a type of insulation that helps in controlling the flow of heat. It is made up of reflective materials that help in reflecting the radiant energy and preventing it from entering or escaping from a building. The global reflective insulation material market was valued at US$ 1,362.8 Mn in 2017 and is projected to reach US$ 2,711.5 Mn by 2030, registering a CAGR of 7.4% during the forecast period (2018-2030). The growth of the global reflective insulation material market can be attributed to various factors such as growing awareness about energy conservation, increasing demand for green buildings, and rising concerns about environment protection. In addition, technological advancements have resulted in the development of advanced products such as plasticized woven fabric backed with high-density polyethylene (HDPE) films which offer superior thermal performance as compared to traditional products such as glass wool and mineral wool boards.
Product Definition:
Reflective insulation is a type of thermal insulation that reflects radiant heat away from its source. It is usually made of aluminum foil, but can also be made of other reflective materials. Reflective insulation is important because it can significantly reduce cooling and heating costs by reflecting heat away from buildings in the summer and winter.
HDPE Woven Fabric Backing Materials:
High-density polyethylene (HDPE) woven fabric backing materials are expected to gain market share over the forecast period on account of their properties such as low cost, durability and easy availability. HDPE woven fabric backing is widely used in the insulation industry for reflectorization applications. The product is expected to witness significant growth owing to its increasing demand from various end-use industries including construction, automotive and packaging which will augment overall market growth over the next seven years.
Plastic Material Backing Materials:
Plastic Material Backing Materials include materials that are intended to be used as a backing on the reflective insulation material. The choice of plastic material depends on the temperature range, durability, and color desired for the finished product. Some common choices include polyolefin, polypropylene, ethylene propylene diene monomer (EPDM), acrylonitrile butadiene styrene (ABS), high impact polystyrene (PS) and expanded PVC among others.
Application Insights:
The demand for the product is expected to be driven by its application in industrial and commercial construction, agriculture buildings, residential and non-residential construction. Reflective insulation materials are used in a variety of end-use industries including food & beverage processing, paper manufacturing, chemical plants among others.
Increasing use of reflective insulation materials in the transportation industry owing to stringent government regulations regarding reduction of carbon emissions coupled with rising awareness regarding energy conservation is projected to drive growth over the forecast period. The aforementioned factors are anticipated to propel market growth over the next eight years.
The demand for RIMs from agricultural applications accounted for a share of 23% in 2017 on account of their usage as thermal barriers between soil temperatures.
Regional Analysis:
North America dominated the global reflective insulation material market in 2016 with a revenue share of over 35%. The region is expected to witness considerable growth over the forecast period owing to increasing awareness regarding energy conservation and sustainable construction practices. In addition, growing adoption of green building initiatives by regulatory bodies such as Leadership in Energy and Environmental Design (LEED) is anticipated to drive product demand.
The Asia Pacific regional market for reflective insulation materials is anticipated to grow at an exponential rate from 2017 to 2030 owing high growth potential in emerging economies such as China, India, Indonesia, Malaysia Philippines Singapore South Korea Thailand Vietnam among others. Increasing government spending on infrastructure development along with rising consumer disposable income levels are some factors driving product demand across this region.
Increasing industrialization coupled with rapid urbanization has resulted into increased need for commercial & residential buildings which will further boost industry expansion across Europe and Asia Pacific regions respectively.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly products: The global Reflective Insulation Material market is expected to grow at a significant pace in the next few years, owing to the increasing demand for energy-efficient and environment-friendly products.
- Rising awareness about the benefits of using reflective insulation: There is a growing awareness among consumers about the benefits of using reflective insulation, which is likely to boost the demand for this product in the near future.
- Growing construction and renovation activities: The global construction industry is witnessing a steady growth, which is expected to fuel the demand for Reflective Insulation Material in the coming years.
- Rising popularity of green buildings: With an increase in environmental concerns, there has been a rise in popularity of green buildings across the world, which will create opportunities for growth of Reflective Insulation Material market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Reflective Insulation Material Market Research Report
By Type
HDPE Woven Fabric Backing Materials, Plastic Material Backing Materials, Cardboard Backing Materials, Others
By Application
Residential, Commercial and Agriculture, Industrial, Others
By Companies
DuPont, Reflectix, Innovative Insulation, Dunmore, Fi-Foil Company, BMI Group, LP, Covertech Fabricating, RESISTO, RadiantGUARD, DuPont, Environmentally Safe Products, Prime Enertech, Spunchem, Patidar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Reflective Insulation Material Market Report Segments:
The global Reflective Insulation Material market is segmented on the basis of:
Types
HDPE Woven Fabric Backing Materials, Plastic Material Backing Materials, Cardboard Backing Materials, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial and Agriculture, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DuPont
- Reflectix
- Innovative Insulation
- Dunmore
- Fi-Foil Company
- BMI Group
- LP
- Covertech Fabricating
- RESISTO
- RadiantGUARD
- DuPont
- Environmentally Safe Products
- Prime Enertech
- Spunchem
- Patidar
Highlights of The Reflective Insulation Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- HDPE Woven Fabric Backing Materials
- Plastic Material Backing Materials
- Cardboard Backing Materials
- Others
- By Application:
- Residential
- Commercial and Agriculture
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Reflective Insulation Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Reflective insulation material is a type of insulation that reflects heat back into the environment. This can help to keep people and animals warm in cold weather, and can also reduce energy costs in buildings.
Some of the major players in the reflective insulation material market are DuPont, Reflectix, Innovative Insulation, Dunmore, Fi-Foil Company, BMI Group, LP, Covertech Fabricating, RESISTO, RadiantGUARD, DuPont, Environmentally Safe Products, Prime Enertech, Spunchem, Patidar.
The reflective insulation material market is expected to grow at a compound annual growth rate of 7.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Reflective Insulation Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Reflective Insulation Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reflective Insulation Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Reflective Insulation Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Reflective Insulation Material Market Size & Forecast, 2018-2028
4.5.1 Reflective Insulation Material Market Size and Y-o-Y Growth
4.5.2 Reflective Insulation Material Market Absolute $ Opportunity
Chapter 5 Global Reflective Insulation Material Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Reflective Insulation Material Market Size Forecast by Type
5.2.1 HDPE Woven Fabric Backing Materials
5.2.2 Plastic Material Backing Materials
5.2.3 Cardboard Backing Materials
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Reflective Insulation Material Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Reflective Insulation Material Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial and Agriculture
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reflective Insulation Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Reflective Insulation Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Reflective Insulation Material Analysis and Forecast
9.1 Introduction
9.2 North America Reflective Insulation Material Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Reflective Insulation Material Market Size Forecast by Type
9.6.1 HDPE Woven Fabric Backing Materials
9.6.2 Plastic Material Backing Materials
9.6.3 Cardboard Backing Materials
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Reflective Insulation Material Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial and Agriculture
9.10.3 Industrial
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Reflective Insulation Material Analysis and Forecast
10.1 Introduction
10.2 Europe Reflective Insulation Material Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Reflective Insulation Material Market Size Forecast by Type
10.6.1 HDPE Woven Fabric Backing Materials
10.6.2 Plastic Material Backing Materials
10.6.3 Cardboard Backing Materials
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Reflective Insulation Material Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial and Agriculture
10.10.3 Industrial
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Reflective Insulation Material Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Reflective Insulation Material Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Reflective Insulation Material Market Size Forecast by Type
11.6.1 HDPE Woven Fabric Backing Materials
11.6.2 Plastic Material Backing Materials
11.6.3 Cardboard Backing Materials
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Reflective Insulation Material Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial and Agriculture
11.10.3 Industrial
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Reflective Insulation Material Analysis and Forecast
12.1 Introduction
12.2 Latin America Reflective Insulation Material Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Reflective Insulation Material Market Size Forecast by Type
12.6.1 HDPE Woven Fabric Backing Materials
12.6.2 Plastic Material Backing Materials
12.6.3 Cardboard Backing Materials
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Reflective Insulation Material Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial and Agriculture
12.10.3 Industrial
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Reflective Insulation Material Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Reflective Insulation Material Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Reflective Insulation Material Market Size Forecast by Type
13.6.1 HDPE Woven Fabric Backing Materials
13.6.2 Plastic Material Backing Materials
13.6.3 Cardboard Backing Materials
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Reflective Insulation Material Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial and Agriculture
13.10.3 Industrial
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Reflective Insulation Material Market: Competitive Dashboard
14.2 Global Reflective Insulation Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DuPont
14.3.2 Reflectix
14.3.3 Innovative Insulation
14.3.4 Dunmore
14.3.5 Fi-Foil Company
14.3.6 BMI Group
14.3.7 LP
14.3.8 Covertech Fabricating
14.3.9 RESISTO
14.3.10 RadiantGUARD
14.3.11 DuPont
14.3.12 Environmentally Safe Products
14.3.13 Prime Enertech
14.3.14 Spunchem
14.3.15 Patidar
