Market Overview:
The global thermal insulation board market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient buildings and rising awareness about the benefits of thermal insulation boards among consumers. The global thermal insulation board market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into stone wool, glass wool, plastic foam, and other types. Glass wool held a major share in 2017 and is expected to grow at a CAGR of 5% during the forecast period. This growth can be attributed to its properties such as high R-value (thermal resistance), low weight, moisture resistance, and sound absorption capacity which make it suitable for use in various applications such as roofing systems, wall systems,, flooring systems,,and HVAC applications .On the basis of application ,the market is divided into roof insulation ,wall insulation ,floor insulation . Roof Insulation held a major share in 2017 owing to increase in construction activities across different regions coupled with stringent government regulations mandating use if thermal insulation boards for roofs.
Product Definition:
A thermal insulation board is a material that is used to prevent or reduce heat loss in buildings. Thermal insulation boards are typically made of materials like fiberglass, mineral wool, or polystyrene foam. They are often used in conjunction with other insulation materials like blankets or batts to provide better thermal protection.
Stone Wool:
Stone wool is a type of mineral fiber that occurs naturally as well as can be manufactured from synthetic or natural stone. It has high thermal conductivity and low thermal expansion, which makes it an ideal material for use in applications where heat transfer is important. Stone wool can be used in place of conventional materials such as fiberglass, rock salt, and ice melt; hence it's demand is expected to increase over the forecast period owing to its cost effectiveness along with superior properties.
Glass Wool:
Glass wool is a type of insulation material made up of sand, small gravel and cement. It is usually used in thermal insulation boards (TIBS) for the production of fiberglass-based panels. Glass wool has high thermal conductivity compared to rock wool and slag which makes it an ideal choice for use in TIBS.
Application Insights:
Roof insulation application dominated the global market, accounting for over 60% of the revenue share in 2017. Rising demand for GSI board products to reduce energy expenditure on heating or cooling is expected to drive growth over the forecast period. In addition, factors such as rising disposable income and consumer preference towards low-cost housing are anticipated to augment product demand from roof insulation applications during the forecast period.
Wall and floor insulation segments are also expected to witness significant growth owing to rising awareness regarding energy-efficient construction coupled with increasing government initiatives on promoting green buildings across various regions globally. Moreover, growing focus towards reducing carbon footprint coupled with shifting consumer preferences towards sustainable building materials is likely fuel segment growth during the forecast period. Growth in residential construction activities across various countries including China India Japan U.K.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and increasing energy consumption, especially for residential usage. Rising disposable income coupled with increased spending on home comfort is anticipated to drive product demand across this region during the forecast period.
The European regional market was valued at USD X million in 2017 and is projected to grow at an estimated CAGR of XX% from 2018 to 2030 owing high consumer awareness regarding thermal insulation along with rising adoption rate for green building solutions among developers.
Growth Factors:
- Increasing demand from the construction sector for thermal insulation boards as a result of growing awareness about the benefits of using thermal insulation boards in buildings for energy conservation.
- Rising demand from end-use industries such as refrigeration, HVAC, and automotive due to increasing concerns about energy efficiency and global warming.
- Growing popularity of green building concepts that promote the use of thermal insulation boards in construction projects to reduce environmental impact.
- Technological advancements that have led to the development of new types of thermal insulation boards with better performance characteristics than traditional products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Insulation Board Market Research Report
By Type
Stone Wool, Glass Wool, Plastic Foam, Other
By Application
Roof Insulation, Wall Insulation, Floor Insulation
By Companies
Nichias, Johns Manville Corporation, Saint-Gobain, BASF, Kingspan Group, Knauf Insulation, Owens Corning, Huntsman Corporation, Rockwool International, Firestone Building Products Company, Cabot Corporation, Dow Corning Corporation, Covestro, URSA Insulation, Paroc Group Oy, Atlas Roofing Corporation, GAF Materials Corporation, Lapolla Industries, Beijing New Building Material, NICHIAS Corporation, Fletcher Building, ODE Industry and Trade, Aspen Aerogels, Trocellen, Recticel, KCC Corporation
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Insulation Board Market Report Segments:
The global Thermal Insulation Board market is segmented on the basis of:
Types
Stone Wool, Glass Wool, Plastic Foam, Other
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
Roof Insulation, Wall Insulation, Floor Insulation
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:
- Nichias
- Johns Manville Corporation
- Saint-Gobain
- BASF
- Kingspan Group
- Knauf Insulation
- Owens Corning
- Huntsman Corporation
- Rockwool International
- Firestone Building Products Company
- Cabot Corporation
- Dow Corning Corporation
- Covestro
- URSA Insulation
- Paroc Group Oy
- Atlas Roofing Corporation
- GAF Materials Corporation
- Lapolla Industries
- Beijing New Building Material
- NICHIAS Corporation
- Fletcher Building
- ODE Industry and Trade
- Aspen Aerogels
- Trocellen
- Recticel
- KCC Corporation
Highlights of The Thermal Insulation Board 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:
- Stone Wool
- Glass Wool
- Plastic Foam
- Other
- By Application:
- Roof Insulation
- Wall Insulation
- Floor Insulation
- 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 Thermal Insulation Board 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?
Thermal insulation board (TI Board) is a type of insulation material that is used in the construction of walls, ceilings, and floors. TI Board is made from a variety of materials including fiberglass, cellulose acetate, and polyurethane. The material is coated with a thermal barrier coating that helps to keep the interior temperature stable.
Some of the major companies in the thermal insulation board market are Nichias, Johns Manville Corporation, Saint-Gobain, BASF, Kingspan Group, Knauf Insulation, Owens Corning, Huntsman Corporation, Rockwool International, Firestone Building Products Company, Cabot Corporation, Dow Corning Corporation, Covestro, URSA Insulation, Paroc Group Oy, Atlas Roofing Corporation, GAF Materials Corporation, Lapolla Industries, Beijing New Building Material, NICHIAS Corporation, Fletcher Building, ODE Industry and Trade, Aspen Aerogels, Trocellen, Recticel, KCC Corporation.
The thermal insulation board market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal Insulation Board Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermal Insulation Board Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermal Insulation Board Market - Supply Chain
4.5. Global Thermal Insulation Board Market Forecast
4.5.1. Thermal Insulation Board Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermal Insulation Board Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermal Insulation Board Market Absolute $ Opportunity
5. Global Thermal Insulation Board Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermal Insulation Board Market Size and Volume Forecast by Type
5.3.1. Stone Wool
5.3.2. Glass Wool
5.3.3. Plastic Foam
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermal Insulation Board Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermal Insulation Board Market Size and Volume Forecast by Application
6.3.1. Roof Insulation
6.3.2. Wall Insulation
6.3.3. Floor Insulation
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermal Insulation Board Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermal Insulation Board Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermal Insulation Board Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermal Insulation Board Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermal Insulation Board Demand Share Forecast, 2019-2026
9. North America Thermal Insulation Board Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermal Insulation Board Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermal Insulation Board Market Size and Volume Forecast by Application
9.4.1. Roof Insulation
9.4.2. Wall Insulation
9.4.3. Floor Insulation
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermal Insulation Board Market Size and Volume Forecast by Type
9.7.1. Stone Wool
9.7.2. Glass Wool
9.7.3. Plastic Foam
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermal Insulation Board Demand Share Forecast, 2019-2026
10. Latin America Thermal Insulation Board Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermal Insulation Board Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermal Insulation Board Market Size and Volume Forecast by Application
10.4.1. Roof Insulation
10.4.2. Wall Insulation
10.4.3. Floor Insulation
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermal Insulation Board Market Size and Volume Forecast by Type
10.7.1. Stone Wool
10.7.2. Glass Wool
10.7.3. Plastic Foam
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermal Insulation Board Demand Share Forecast, 2019-2026
11. Europe Thermal Insulation Board Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermal Insulation Board Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermal Insulation Board Market Size and Volume Forecast by Application
11.4.1. Roof Insulation
11.4.2. Wall Insulation
11.4.3. Floor Insulation
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermal Insulation Board Market Size and Volume Forecast by Type
11.7.1. Stone Wool
11.7.2. Glass Wool
11.7.3. Plastic Foam
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermal Insulation Board Demand Share, 2019-2026
12. Asia Pacific Thermal Insulation Board Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermal Insulation Board Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermal Insulation Board Market Size and Volume Forecast by Application
12.4.1. Roof Insulation
12.4.2. Wall Insulation
12.4.3. Floor Insulation
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermal Insulation Board Market Size and Volume Forecast by Type
12.7.1. Stone Wool
12.7.2. Glass Wool
12.7.3. Plastic Foam
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermal Insulation Board Demand Share, 2019-2026
13. Middle East & Africa Thermal Insulation Board Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermal Insulation Board Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermal Insulation Board Market Size and Volume Forecast by Application
13.4.1. Roof Insulation
13.4.2. Wall Insulation
13.4.3. Floor Insulation
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermal Insulation Board Market Size and Volume Forecast by Type
13.7.1. Stone Wool
13.7.2. Glass Wool
13.7.3. Plastic Foam
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermal Insulation Board Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermal Insulation Board Market: Market Share Analysis
14.2. Thermal Insulation Board Distributors and Customers
14.3. Thermal Insulation Board Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nichias
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Johns Manville Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Saint-Gobain
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BASF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kingspan Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Knauf Insulation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Owens Corning
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Huntsman Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rockwool International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Firestone Building Products Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Cabot Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Dow Corning Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Covestro
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. URSA Insulation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Paroc Group Oy
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Atlas Roofing Corporation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. GAF Materials Corporation
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Lapolla Industries
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Beijing New Building Material
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. NICHIAS Corporation
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
