Market Overview:
The global thermal insulation material market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy-efficient buildings and rising awareness about the benefits of thermal insulation materials. The global thermal insulation material market can be segmented by type, application, and region. By type, the market can be divided into glass wool, stone wool, PU foam, polyisocyanurate (PIR), and others. Glass wool is expected to lead the global thermal insulation material market in terms of revenue in 2018 owing to its high heat resistance and low water absorption properties. Stone wool is also anticipated to witness significant growth during the forecast period on account of its excellent acoustic properties and fire resistance characteristics. PU foam is projected to be one of the fastest-growing segments due to its lightweight nature and superior insulating properties as compared with other types of insulation materials available in the market.
Product Definition:
A material that is used to reduce heat transfer between objects in thermal contact. Thermal insulation is important in many applications, including construction, energy conservation and industrial processing.
Glass Wool:
Glass wool is a type of insulation material, which is made up of sand-sized particles. It has low thermal conductivity and helps in retaining heat within the insulated space. Glass wool can be used for direct application in building & construction industry or it can be used as an insulating agent in various industries including petrochemical, chemical processing, cement and oil refinery among others.
Stone Wool:
Stone wool is a type of mineral fiber that is produced from rocks and minerals. It has high thermal insulation properties which make it an ideal material for use in the production of thermal insulation materials. Stone wool can be used as an alternative to glass wool, rock chips, slag fibers, and fly ash in various applications including pipe insulations and blanket wraps.
Application Insights:
The flat roof application segment led the global thermal insulation material market in 2017. This is attributed to its rising use for residential and commercial buildings, coupled with increasing awareness regarding energy efficiency among consumers. Moreover, growing demand for green building materials has also driven the market growth over the recent years.
External wall application segment accounted for a significant share of the overall revenue in 2017 due to its rising use in industrial and commercial buildings as well as houses located far from sources of renewable energy, such as wind and solar rays. In addition, it is also used extensively within industrial units that produce electricity using fossil fuels or renewable sources such as wind and solar power plants along with hydropower projects on account of providing thermal insulation to external walls thereby reducing electricity bills by 33%.
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 urbanization, which are likely to generate a huge demand for thermal insulation materials across various applications.
The growing construction industry due to increasing population and rising living standards has led to an increase in residential as well as non-residential construction activities, thereby driving product demand across Asia Pacific. In addition, favorable government initiatives coupled with low manufacturing cost is projected to boost regional product consumption by 2030 at a CAGR of XX%.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for thermal insulation material from the construction sector as a result of growing awareness about the benefits of thermal insulation
- Rising demand for thermal insulation material in developing countries due to increasing construction activities and rising disposable income
- Growing use of thermal insulation material in refrigeration and air conditioning applications
- Technological advancements in manufacturing processes that have resulted in the development of new and innovative products
- Stringent government regulations mandating the use of thermal insulation materials in various end-use applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Insulation Material Market Research Report
By Type
Glass Wool, Stone Wool, PU Foam, Polyisocyanurate, Others
By Application
Flat Roof, External Wall, Internal Wall, Others
By Companies
Knauf Insulation, Rockwool International A/S, Johns Manville Inc, BASF SE, Owens Corning Corporation, Paroc, Saint-Gobain, Beijing New Building Material
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Insulation Material Market Report Segments:
The global Thermal Insulation Material market is segmented on the basis of:
Types
Glass Wool, Stone Wool, PU Foam, Polyisocyanurate, 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
Flat Roof, External Wall, Internal Wall, 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:
- Knauf Insulation
- Rockwool International A/S
- Johns Manville Inc
- BASF SE
- Owens Corning Corporation
- Paroc
- Saint-Gobain
- Beijing New Building Material
Highlights of The Thermal 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:
- Glass Wool
- Stone Wool
- PU Foam
- Polyisocyanurate
- Others
- By Application:
- Flat Roof
- External Wall
- Internal Wall
- 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 Thermal 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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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 material is a material that helps to keep a building or room warm in cold weather and cool in hot weather. It does this by trapping air and preventing it from passing through the insulation.
Some of the key players operating in the thermal insulation material market are Knauf Insulation, Rockwool International A/S, Johns Manville Inc, BASF SE, Owens Corning Corporation, Paroc, Saint-Gobain, Beijing New Building Material.
The thermal insulation material market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal Insulation Material 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 Material 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 Material Market - Supply Chain
4.5. Global Thermal Insulation Material Market Forecast
4.5.1. Thermal Insulation Material Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermal Insulation Material Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermal Insulation Material Market Absolute $ Opportunity
5. Global Thermal Insulation Material 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 Material Market Size and Volume Forecast by Type
5.3.1. Glass Wool
5.3.2. Stone Wool
5.3.3. PU Foam
5.3.4. Polyisocyanurate
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermal Insulation Material 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 Material Market Size and Volume Forecast by Application
6.3.1. Flat Roof
6.3.2. External Wall
6.3.3. Internal Wall
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermal Insulation Material 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 Material 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 Material 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 Material 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 Material Demand Share Forecast, 2019-2026
9. North America Thermal Insulation Material 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 Material 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 Material Market Size and Volume Forecast by Application
9.4.1. Flat Roof
9.4.2. External Wall
9.4.3. Internal Wall
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermal Insulation Material Market Size and Volume Forecast by Type
9.7.1. Glass Wool
9.7.2. Stone Wool
9.7.3. PU Foam
9.7.4. Polyisocyanurate
9.7.5. Others
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 Material Demand Share Forecast, 2019-2026
10. Latin America Thermal Insulation Material 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 Material 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 Material Market Size and Volume Forecast by Application
10.4.1. Flat Roof
10.4.2. External Wall
10.4.3. Internal Wall
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermal Insulation Material Market Size and Volume Forecast by Type
10.7.1. Glass Wool
10.7.2. Stone Wool
10.7.3. PU Foam
10.7.4. Polyisocyanurate
10.7.5. Others
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 Material Demand Share Forecast, 2019-2026
11. Europe Thermal Insulation Material 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 Material 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 Material Market Size and Volume Forecast by Application
11.4.1. Flat Roof
11.4.2. External Wall
11.4.3. Internal Wall
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermal Insulation Material Market Size and Volume Forecast by Type
11.7.1. Glass Wool
11.7.2. Stone Wool
11.7.3. PU Foam
11.7.4. Polyisocyanurate
11.7.5. Others
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 Material Demand Share, 2019-2026
12. Asia Pacific Thermal Insulation Material 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 Material 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 Material Market Size and Volume Forecast by Application
12.4.1. Flat Roof
12.4.2. External Wall
12.4.3. Internal Wall
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermal Insulation Material Market Size and Volume Forecast by Type
12.7.1. Glass Wool
12.7.2. Stone Wool
12.7.3. PU Foam
12.7.4. Polyisocyanurate
12.7.5. Others
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 Material Demand Share, 2019-2026
13. Middle East & Africa Thermal Insulation Material 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 Material 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 Material Market Size and Volume Forecast by Application
13.4.1. Flat Roof
13.4.2. External Wall
13.4.3. Internal Wall
13.4.4. Others
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 Material Market Size and Volume Forecast by Type
13.7.1. Glass Wool
13.7.2. Stone Wool
13.7.3. PU Foam
13.7.4. Polyisocyanurate
13.7.5. Others
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 Material Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermal Insulation Material Market: Market Share Analysis
14.2. Thermal Insulation Material Distributors and Customers
14.3. Thermal Insulation Material Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Knauf Insulation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rockwool International A/S
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Johns Manville Inc
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 SE
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Owens Corning Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Paroc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Saint-Gobain
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Beijing New Building Material
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
