Building Insulation Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 145 Pages I IMARC Group
Market Overview:
The global building insulation materials market size reached US$ 23.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Building insulation materials are used to stop and prevent the transmission of heat, electricity, or sound. Mineral wool, polyurethane foam, polyethylene, expanded polystyrene, polyvinyl chloride, and extruded polystyrene are some common variants. Building insulation materials control indoor environmental conditions and help in reducing heat loss in buildings during cold climatic conditions and reduce the heat surplus in warmer weather conditions. They also assist in preventing moisture condensation, enhancing process performance, reducing energy demand and costs, controlling the emission of pollutants, improving appearance, and preventing transmission of sound. As a result, these materials are widely used in residential, commercial, and industrial settings.
Building Insulation Materials Market Trends:
The ongoing building construction activities due to rapid population expansion, migration from rural areas to service sector clusters, and the rising trend of nuclear families across the globe are creating a positive outlook for the market. In line with this, the increasing demand for energy-efficient building materials to reduce overall energy consumption by preventing heat gain/loss through the building envelope is favoring the market growth. Various product innovations, such as the introduction of efficient insulation solutions that are installed in commercial and residential complexes, to provide corrosion protection while improving the safety, efficiency, and durability of the building, are acting as other growth-inducing factors. Additionally, the launch of recyclable and eco-friendly insulation materials with a minimal negative impact on the environment is positively impacting the market growth. Other factors, including rising infrastructural development across the globe, widespread product adoption due to improved thermal and soundproof properties, and the implementation of various government initiatives to enhance insulation in buildings and maintain the desired temperature, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global building insulation materials market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material type, application and end user.
Breakup by Material Type:
Fiberglass
Mineral Wool
Cellulose
Polyurethane/Polyisocyanurate Foam
Polystyrene
Others
Breakup by Application:
Floor and Basement
Wall
Roof and Ceiling
Breakup by End User:
Residential
Non-Residential
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Atlas Roofing Corporation, BASF SE, Beijing New Building Material (Group) Co. Ltd., Compagnie de Saint-Gobain S.A., Dow Inc., DuPont de Nemours Inc., Huntsman Corporation, Johns Manville (Berkshire Hathaway Inc.), Kingspan Group plc, Knauf Gips KG, Owens Corning, Rockwool A/S and Synthos.
Key Questions Answered in This Report:
How has the global building insulation materials market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global building insulation materials market?
What are the key regional markets?
What is the breakup of the market based on the material type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global building insulation materials market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Building Insulation Materials Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Material Type
6.1Fiberglass
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Mineral Wool
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Cellulose
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Polyurethane/Polyisocyanurate Foam
6.4.1 Market Trends
6.4.2 Market Forecast
6.5Polystyrene
6.5.1 Market Trends
6.5.2 Market Forecast
6.6Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Application
7.1Floor and Basement
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Wall
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Roof and Ceiling
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End User
8.1Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Non-Residential
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Atlas Roofing Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2BASF SE
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3Beijing New Building Material (Group) Co. Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4Compagnie de Saint-Gobain S.A.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5Dow Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6DuPont de Nemours Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7Huntsman Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8Johns Manville (Berkshire Hathaway Inc.)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9Kingspan Group plc
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10Knauf Gips KG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11Owens Corning
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12Rockwool A/S
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.13Synthos
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 SWOT Analysis
Figure 1: Global: Building Insulation Materials Market: Major Drivers and Challenges
Figure 2: Global: Building Insulation Materials Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Building Insulation Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Building Insulation Materials Market: Breakup by Material Type (in %), 2022
Figure 5: Global: Building Insulation Materials Market: Breakup by Application (in %), 2022
Figure 6: Global: Building Insulation Materials Market: Breakup by End User (in %), 2022
Figure 7: Global: Building Insulation Materials Market: Breakup by Region (in %), 2022
Figure 8: Global: Building Insulation Materials (Fiberglass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Building Insulation Materials (Fiberglass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Building Insulation Materials (Mineral Wool) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Building Insulation Materials (Mineral Wool) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Building Insulation Materials (Cellulose) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Building Insulation Materials (Cellulose) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Building Insulation Materials (Polyurethane/Polyisocyanurate Foam) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Building Insulation Materials (Polyurethane/Polyisocyanurate Foam) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Building Insulation Materials (Polystyrene) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Building Insulation Materials (Polystyrene) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Building Insulation Materials (Other Material Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Building Insulation Materials (Other Material Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Building Insulation Materials (Floor and Basement) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Building Insulation Materials (Floor and Basement) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Building Insulation Materials (Wall) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Building Insulation Materials (Wall) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Building Insulation Materials (Roof and Ceiling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Building Insulation Materials (Roof and Ceiling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Building Insulation Materials (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Building Insulation Materials (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Building Insulation Materials (Non-Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Building Insulation Materials (Non-Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Building Insulation Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Building Insulation Materials Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Building Insulation Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Building Insulation Materials Industry: SWOT Analysis
Figure 80: Global: Building Insulation Materials Industry: Value Chain Analysis
Figure 81: Global: Building Insulation Materials Industry: Porter's Five Forces Analysis
Table 1: Global: Building Insulation Materials Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Building Insulation Materials Market Forecast: Breakup by Material Type (in Million US$), 2023-2028
Table 3: Global: Building Insulation Materials Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Building Insulation Materials Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Building Insulation Materials Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Building Insulation Materials Market: Competitive Structure
Table 7: Global: Building Insulation Materials Market: Key Players
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