Global Insulation Materials Market - Analysis & Forecast (2017-2021)

Focus on Type (Mineral Wool, Polyurethane Foam, Expanded Polystyrene, Polyethylene, XPS, and PVC) & Application (Residential Construction, Non-Residential, and Wires and Cables)

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Report Description

The global insulation materials market is expected to reach $53,360.5 million by 2021, growing at a CAGR of 6.2% between 2016 and

Insulation materials are designed to reduce the heat flow by limiting heat transfer through conduction, convection, and radiation while facilitating vapour flow and water condensation of a process. The insulation materials such as mineral wool, polyurethane foam, polyethylene, extruded polystyrene, expanded polystyrene, polyvinyl chloride, and fiberglass help in insulating the building envelop, reduce energy consumption, and reduce the emissions of greenhouse gas, and offers comfort and safety. These insulation materials find use in residential construction, non-residential, HVAC and OEM, oil and gas, wires and cables, and automobiles. The insulation materials market is expected to grow at a CAGR of 6.2% and 7.2% ($milllion) and (kilotons)  between 2016 and 2021.

The report is a compilation of the different segments of global insulation materials market, including market breakdown by insulation materials type, end-user industry and geographical areas. Herein the revenue generated from the insulation materials types, namely:  polyurethane foam,  mineral wool, expanded polystyrene, polyethylene, extruded polystyrene, and polyvinyl chloride;  end-user industry, namely residential construction, non-residential, wires and cables, HVAC and OEM, automotive, and oil and gas; and geography, namely: North America, Europe, Asia-Pacific, and Rest of the World is tracked to calculate the overall market size, both in terms of value ($million) and volume (kilotons). The report also provides market numbers and analysis on cross segments which includes country by end-user industries. While highlighting the key driving and restraining forces for this market, the report also provides a detailed  summary of the global insulation materials market. It also includes the key participants involved in the industry at the relevant sections.

The report further includes a thorough analysis of the impact of the Porter’s five major forces to understand the overall attractiveness of the industry. The most commonly used strategy for developing a better hold on the market has been through business expansions. Moreover, the company profile section  highlights  significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years. 

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World. Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global insulation materials market are BASF SE, Huntsman Corporation, Knauf Insulation, Johns Manville, Nova Chemicals Corporation, Cellofoam North America Inc., and Dow Building Solutions, among others.

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Key Questions Answered in this Report

What is the market size for different countries by end-user industry in terms of value and volume ($million and kilotons) in the i

The report answers the following questions about the global insulation materials market:

•    What is the size, in terms of value ($million) and volume (kilotons) of global insulation materials market in 2016, and growth rate during the forecast period, 2017-2021?
•    What is the market size of different types of insulation materials ($million and kilotons) and their growth rate during the forecast period, 2017-2021?
•    How will each end-user industry of insulation materials market grow during the forecast period and what will be the market size ($million and kilotons) of each of the end-user industry by the end of 2021?
•    What is the market size for different regions and countries in terms of value and volume ($million and kilotons) in the insulation materials market and their growth across the forecast period, 2017 to 2021?
•    What is the market size for different regions by type and end-user industry in terms of value and volume ($million and kilotons) in the insulation materials market and their growth across the forecast period, 2017 to 2021?
•    What is the market size for different countries by end-user industry in terms of value and volume ($million and kilotons) in the insulation materials market and their growth across the forecast period, 2017 to 2021?
•    What are the major driving forces that tend to increase the demand for insulation materials market during the forecast period?
•    What are the major challenges inhibiting the growth of the global insulation materials market?
•    What is the competitive strength of key players in the global insulation materials market by analyzing through market share analysis?
•    What are the key market players in the market, along with their detailed analysis & profiles (including their financials, company snapshots, key products & services, and SWOT analysis)?

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Market Overview

The global insulation materials market is expected to reach $53,360.5 million by 2021, growing at a CAGR of 6.2% between 2016 and

The construction industry dates back to the early 1600s when the basic materials such as animal skins, fur, wool, and plant related products were used for enveloping the buildings. The construction industry has proven to be one of the major sources of pollution, accountable for approximately 4% of particulate emissions, 30% of the greenhouse gas emissions, and constitute for more than 4% of the water and noise pollution. The construction industry contributes to more than 30% of all the global emission sources. Along with the rising pollution levels, rapid population growth and high energy consumption are the other key concerns of various regulatory bodies across the globe. 

According to the Intergovernmental Panel on Climate Change (IPCC), an international body for the assessment of climate change, set by the United Nations Environment Programme (UNEP) and the World Meteorological Organization (WMO), buildings are the largest energy-consuming sector with nearly 40.0% of the global electricity consumed and are responsible for approximately 36.0% of the global carbon emissions (CO2). This is because of the inefficient thermal insulation systems around the building envelop which lead to significant loss of energy. Similarly, according to the European Union (EU), buildings in Europe consume approximately 40.0% of energy and produce approximately 35.0% of greenhouse emissions. Thereby, the European Union has recognized the construction segment to be the largest untapped area for energy savings in both the new and existing buildings. It has undoubtedly been the root cause of degradation the built environment. Thus, high energy consumption and its related costs are one of the major concerns for the regulatory bodies in the recent years.

With the advent of the technological era, the construction methods, materials, and insulation materials have developed considerably. Insulation materials are primarily any material or substance which assists in preventing heat, electricity and noise from entering or leaving the premises. Some of the significant insulation materials used are mineral wool, expanded polystyrene, extruded polystyrene, polyethylene, and fiberglass, among others. The insulation materials are widely used in the construction, oil and gas, wires and cables, and automotive industries, among others.

The major drivers for the global insulation materials market are significant reduction in energy consumption and its related costs, stringent regulations to reduce greenhouse gas emissions and increase of net zero energy buildings, and population growth and urbanization. However, volatile raw material prices and lack of awareness about insulation materials in the construction industry may hamper the growth of the market. 

There is a tremendous potential for the growth of insulation materials in the global market owing to the rising demands from end-user industries such as HVAC and OEM, oil and gas, wires and cables, and automobiles, among others, rising concern for changing climatic conditions and global warming, and increasing energy conservation regulations and greenhouse gas emission reduction targets. 

Some of the key players in the global insulation materials market include BASF SE, Huntsman Corporation, Knauf Insulation, Johns Manville, Nova Chemicals Corporation, Cellofoam North America Inc., Dow Building Solutions, Rockwool International A/S, Saint-Gobain S.A., Covestro AG, Kingspan Insulation, Owens Corning, Armacell International S.A., URSA Insulation, S.A., GAF Materials Corporation, and Evonik Industries AG, among others. These companies provide a broad product portfolio for specific needs of the insulation industry and have strong presence in the North America, Asia-Pacific, and the European region. They cater to a global clientele by collaborating with well-established distributor and sales network.

The global insulation materials market is expected to reach $53,360.5 million by 2021, growing at a CAGR of 6.2% between 2016 and 2021. This enormous growth is being anticipated due to the various benefits provided by insulation materials such as environmental benefits, emission reduction, less energy consumption, and the material’s potential to be recycled and reused. These factors have contributed to the colossal demand of the insulation materials. Additionally, an increasing number of applications of insulation materials owing to their emission reduction potential, the building rating systems, stringent government regulations & emission control norms, and large-scale investment by government and federal agencies are some of the other factors propelling the growth of insulation materials market globally.   

Regulatory Impact 

The insulation-based buildings are assessed on the basis of certain parameters of energy, environment and ecology, considering both the social and technological aspects of all the projects, by the environmental assessment bodies such as Leadership in Energy and Environmental Design (LEED), Building Research Establishment Environmental Assessment Method (BREEAM), Green Rating for Integrated Habitat Assessment (GRIHA), Green Globes, Energy Star, among others. The building performances are evaluated during the initial stages of a project and the results are incorporated in the future design developmental stage of the building. 

Insulation materials are designed to reduce the heat flow by limiting heat transfer through conduction, convection, and radiation while facilitating vapour flow and water condensation of a process. The insulation materials can be of the following types such as mineral wool, polyurethane foam, polyethylene, extruded polystyrene, expanded polystyrene, polyvinyl chloride, and fiberglass. In 2016, mineral wool dominated the global insulation materials market as it serves as an excellent insulation material for thermal and acoustic insulation which are mainly used in residential and commercial buildings. On the other hand, the increasing demand of polyurethane foam as an insulation material from the construction sector is because of its light weight, ease of installation, reduced transportation costs, and low maintenance costs. 

Insulation materials have applications in a vast range of end-user markets such as wires and cables, residential construction, non-residential, HVAC and OEM, automotive, and oil and gas, among others. Insulation has been one of the most cost-effective solution to reduce energy consumption in the residential buildings. This increasing demand of insulation materials from residential construction segment is because of increasing need of reducing the energy consumption in the residential segment. Increasing construction expenditures in Asia-Pacific region along with the government initiatives to reduce greenhouse gas emissions is expected to increase the demand of insulation materials in the residential construction segment. 

The demand for insulation materials vary according to various geographical regions. The insulation materials market holds a prominent share in various countries of North America, Asia-Pacific (APAC), Europe, and Rest of the World (RoW). The Asia-Pacific market accounted for major share in the total revenue in the year 2016. The region is reported to have highest growth rate as compared to the others because of the high growth in the automotive, construction, and telecommunication industries along with rapid industrialization and digitalization. Increasing insulation demand from the Asia-Pacific region is majorly attributed to growing automotive, construction and industrial sectors. Additionally, low cost of setting up of manufacturing facilities and low cost of insulation materials in the region further propels the demand of insulation materials in the Asia-Pacific market. 

Competitive Landscape

The global insulation materials market is a highly competitive industry, with all its players competing to gain a greater market share. Rockwool International A/S, Knauf Insulation, Covestro AG, Owens Corning, and Saint-Gobain S.A. are some of the leading companies in this market. Most of the insulation materials manufacturers are of the similar financial capability and the landscape is extremely competitive because of the presence of a large number of players in the market. Therefore, innovation and development has been the key for gaining growth in this market.

To increase the global footprint, insulation material manufacturers are also entering new product launches, and mergers & acquisitions with different distribution networks. For instance, in November 2017, Rockwool International A/S started the construction of a basalt mineral wool production plant in Romania with an investment of $55.3 million. The expansion is expected to help the company move towards fire safety and energy efficient buildings. Additionally, in October 2017, the company purchased 180,000m2 of land in the eastern Swedish municipality of Eskilstuna. The expansion is done with an aim of future expansion of mineral wool production capacity and meet the future demands. 

Other key players operating in this market have ramped up their product launch activities over the recent years, to generate public awareness about their existing and new products and technologies, and to compete with the competitors’ product portfolio. For instance, in August 2017, Knauf Insulation launched a system called Supafil Frame to automate the installation of blown glass mineral wool during off-site manufacturing. The system is expected to reduce the time required to insulate modular homes. Similarly, in December 2014, BASF SE changed its entire polystyrene-based insulation product portfolio as per the European market to the new polymeric flame retardant (PolyFR). The change is in compliance with the REACH regulation which restricts the use of hexabromocyclododecane (HBCD) as a flame retardant as of 21 August 2015.

Moreover, extensive R&D activities and appropriate regulatory environments are also a prerequisite for the sustained growth of this market. Various government and private research institutes, and favorable trade policies are putting in substantial efforts to reduce the energy consumption and increase the awareness about insulation materials and its benefits among the consumers.

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Table of Contents

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1.1    Report Scope
1.2    Global Insulation Materials Market Research Methodology
        1.2.1    Assumptions
        1.2.2    Limitations
        1.2.3    Primary Data Sources
        1.2.4    Secondary Data Sources
        1.2.5    Data Triangulation
        1.2.6    Market Estimation and Forecast

2.1    Drivers
        2.1.1    Significant Reduction in Energy Consumption and its Related Costs
        2.1.2    Stringent Regulations to Reduce Greenhouse Emissions & Increase of Net Zero Energy Buildings
        2.1.3    Population Growth and Urbanization
2.2    Restraints
        2.2.1    Volatile Raw Material Prices
        2.2.2    Lack of Awareness in the Construction Industry
2.3    Opportunities
        2.3.1    Rising Demands from End-User Industries
        2.3.2    Rising Concern for Changing Climatic Conditions and Global Warming
        2.3.3    Increasing Energy Conservation Regulations and Greenhouse Gas Emission Reduction Targets

3.1    Key Market Developments & Strategies
        3.1.1    Business Expansion & Contracts
        3.1.2    Mergers & Acquisitions
        3.1.3    Product Launches
        3.1.4    Partnerships/Agreements
        3.1.5    Others
3.2    Global Insulation Materials Player Share Analysis
3.3    R & D Analysis of Leading Players in Global Insulation Materials Market

4.1    Supply Chain Analysis
4.2    Industry Attractiveness
        4.2.1    Threat of New Entrants
        4.2.2    Bargaining Power of Buyers
        4.2.3    Bargaining Power of Suppliers
        4.2.4    Threat from Substitutes
        4.2.5    Intensity of Competitive Rivalry
4.3    Opportunity Matrix Analysis
4.4    Country Share Analysis

5.1    Assumptions for Analysis and Forecast of the Global Insulation Materials Market
5.2    Limitations for Analysis and Forecast of the Global Insulation Materials Market
5.3    Market Overview
5.4    Mineral Wool
5.5    Polyurethane Foam
5.6    Expanded Polystyrene (EPS)
5.7    Polyethylene
5.8    Extruded Polystyrene (XPS)
5.9    Polyvinyl Chloride (PVC)
5.10    Others

6.1    Residential Construction
6.2    Non-Residential
6.3    Wires and Cables
6.4    HVAC & OEM
6.5    Automotive
6.6    Oil & Gas
6.7    Others

7.1    North America
7.1.1    North America Insulation Materials Market, by Type
7.1.2    North America Insulation Materials Market, by Application
7.1.3    North America Insulation Materials Market, by Country
7.1.3.1    The U.S.
7.1.3.1.1    The U.S. Insulation Materials Market by Type
7.1.3.2    Canada
7.1.3.2.1    Canada Insulation Materials Market by Type
7.1.3.3    Mexico
7.1.3.3.1    Mexico Insulation Materials Market by Type
7.2    Asia-Pacific
7.2.1    Asia-Pacific Insulation Materials Market, by Type
7.2.2    Asia-Pacific Insulation Materials Market, by Application
7.2.3    Asia-Pacific Insulation Materials Market, by Country
7.2.3.1    China
7.2.3.1.1    China Insulation Materials Market by Type
7.2.3.2    Japan
7.2.3.2.1    Japan Insulation Materials Market by Type
7.2.3.3    India
7.2.3.3.1    India Insulation Materials Market by Type
7.2.3.4    South Korea
7.2.3.4.1    South Korea Insulation Materials Market by Type
7.2.3.5    Australia & New Zealand (ANZ)
7.2.3.5.1    Australia & New Zealand (ANZ) Insulation Materials Market by Type
7.2.3.6    Singapore
7.2.3.6.1    Singapore Insulation Materials Market by Type
7.2.3.7    Rest of APAC
7.2.3.7.1    Rest of APAC Insulation Materials Market by Type
7.3    Europe
7.3.1    Europe Insulation Materials Market, by Type
7.3.2    Europe Insulation Materials Market, by Application
7.3.3    Europe Insulation Materials Market, by Country
7.3.3.1    Germany
7.3.3.1.1    Germany Insulation Materials Market by Type
7.3.3.2    France
7.3.3.2.1    France Insulation Materials Market by Type
7.3.3.3    The U.K.
7.3.3.3.1    The U.K. Insulation Materials Market by Type
7.3.3.4    Poland
7.3.3.4.1    Poland Insulation Materials Market by Type
7.3.3.5    Italy
7.3.3.5.1    Italy Insulation Materials Market by Type
7.3.3.6    Spain
7.3.3.6.1    Spain Insulation Materials Market by Type
7.3.3.7    The Netherlands
7.3.3.7.1    The Netherlands Insulation Materials Market by Type
7.3.3.8    Rest of the Europe
7.3.3.8.1    Rest of the Europe Insulation Materials Market by Type
7.4    Rest of the World (RoW)
7.4.1    RoW Insulation Materials Market, by Type
7.4.2    RoW Insulation Materials Market, by Application
7.4.3    RoW Insulation Materials Market, by Country
7.4.3.1    Brazil
7.4.3.1.1    Brazil Insulation Materials Market by Type
7.4.3.2    UAE
7.4.3.2.1    UAE Insulation Materials Market by Type
7.4.3.3    Saudi Arabia
7.4.3.3.1    Saudi Arabia Insulation Materials Market by Type
7.4.3.4    Argentina
7.4.3.4.1    Argentina Insulation Materials Market by Type
7.4.3.5    Others
7.4.3.5.1    Others Insulation Materials Market by Type

8.1    Armacell International S.A.
8.1.1    Company Overview
8.1.2    Product Portfolio
8.1.3    Financials
8.1.3.1    Financial Summary
8.1.4    SWOT Analysis
8.2    Atlas Roofing Corporation
8.2.1    Company Overview
8.2.2    Product Portfolio
8.2.3    Corporate Summary
8.2.4    SWOT Analysis
8.3    BASF SE
8.3.1    Company Overview
8.3.2    Product Portfolio
8.3.3    Financials
8.3.3.1    Financial Summary
8.3.4    SWOT Analysis
8.4    Cellofoam North America Inc.
8.4.1    Company Overview
8.4.2    Product Portfolio
8.4.3    Corporate Summary
8.4.4    SWOT Analysis
8.5    Covestro AG
8.5.1    Company Overview
8.5.2    Product Portfolio
8.5.3    Financials
8.5.3.1    Financial Summary
8.5.4    SWOT Analysis
8.6    Dow Building Solutions
8.6.1    Company Overview
8.6.2    Product Portfolio
8.6.3    Corporate Summary
8.6.4    SWOT Analysis
8.7    Evonik Industries AG
8.7.1    Company Overview
8.7.2    Product Portfolio
8.7.3    Financials
8.7.3.1    Financial Summary
8.7.4    SWOT Analysis
8.8    Fletcher Insulation
8.8.1    Company Overview
8.8.2    Product Portfolio
8.8.3    Corporate Summary
8.8.4    SWOT Analysis
8.9    GAF Materials Corporation
8.9.1    Company Overview
8.9.2    Product Portfolio
8.9.3    Corporate Summary
8.9.4    SWOT Analysis
8.10    Huntsman Corporation
8.10.1    Company Overview
8.10.2    Product Portfolio
8.10.3    Financials
8.10.3.1    Financial Summary
8.10.4    SWOT Analysis
8.11    Johns Manville
8.11.1    Company Overview
8.11.2    Product Portfolio
8.11.3    Corporate Summary
8.11.4    SWOT Analysis
8.12    Kingspan Group Plc.
8.12.1    Company Overview
8.12.2    Product Portfolio
8.12.3    Financials
8.12.3.1    Financial Summary
8.12.4    SWOT Analysis
8.13    Knauf Insulation
8.13.1    Company Overview
8.13.2    Product Portfolio
8.13.3    Corporate Summary
8.13.4    SWOT Analysis
8.14    NOVA Chemicals Corporation
8.14.1    Company Overview
8.14.2    Product Portfolio
8.14.3    Financials
8.14.3.1    Financial Summary
8.14.4    SWOT Analysis
8.15    Owens Corning
8.15.1    Company Overview
8.15.2    Product Portfolio
8.15.3    Financials
8.15.3.1    Financial Summary
8.15.4    SWOT Analysis
8.16    Rockwool International A/S
8.16.1    Company Overview
8.16.2    Product Portfolio
8.16.3    Financials
8.16.3.1    Financial Summary
8.16.4    SWOT Analysis
8.17    Saint-Gobain S.A.
8.17.1    Company Overview
8.17.2    Product Portfolio
8.17.3    Financials
8.17.3.1    Financial Summary
8.17.4    SWOT Analysis
8.18    Superglass Insulation Ltd.
8.18.1    Company Overview
8.18.2    Product Portfolio
8.18.3    Corporate Summary
8.18.4    SWOT Analysis
8.19    URSA Insulation S.A.
8.19.1    Company Overview
8.19.2    Product Portfolio
8.19.3    Corporate Summary
8.19.4    SWOT Analysis

Table 1     Market Snapshot: Global Insulation Materials Market, 2016 and 2021 ($Million & Kilotons)
Table 2.1    Few Assessment Methods Implemented by the Government
Table 3.1    Key Business Expansion & Contracts (2014-2018)
Table 3.2    Key Mergers & Acquisition (2014-2017)
Table 3.3    Key Product Launch (2014-2018)
Table 3.4    Key Partnership/Agreement Activities (2014-2018)
Table 3.5    Key Other Activities (2014-2017)
Table 4.1    Analysing the Threat of New Entrants
Table 4.2    Analysing Bargaining Power of Buyers
Table 4.3    Analysing the Bargaining Power of Suppliers
Table 4.4    Analysing the Threat from Substitutes
Table 4.5    Analysing the Intensity of Competitive Rivalry
Table 5.1    Specifications of Insulation Materials
Table 5.2    Global Insulation Materials Market by Type, 2016 and 2021 (Kilotons)
Table 5.3    Global Insulation Materials Market by Type, 2016 and 2021 ($Million)
Table 5.4    Companies Offering Mineral Wool based Insulation Materials
Table 5.5    Major Developments of Mineral Wool in Global Insulation Materials Market
Table 5.6    Major Developments of Polyurethane Foam in Global Insulation Materials Market
Table 5.7    Major Developments in Expanded Polystyrene based Insulation Materials Market
Table 5.8    Developments Pertaining to Polyethylene based Insulation Materials
Table 5.9    Major Developments in the Extruded Polystyrene based Insulation Material
Table 6.1    Global Insulation Materials Market by Application, 2016 and 2021 (Kilotons)
Table 6.2    Global Insulation Materials Market by Application, 2016-2021 ($Million)
Table 6.3    Insulation Materials Used in the Residential Construction Segment
Table 6.4    Products pertaining to Residential Construction Sector in the Global Insulation Materials Market
Table 6.5    Certifications pertaining to Insulation Materials used in Non-Residential Buildings
Table 6.6    Specifications of Insulating Materials used in Wires and Cables Segment
Table 6.7    Products pertaining to Wires and Cables in the Global Insulation Materials Market
Table 6.8    Products Pertaining to Global Insulation Materials Market for the HVAC & OEM Sector
Table 6.9    Products Pertaining to Global Insulation Materials Market for the Automotive Sector
Table 6.10     Products pertaining to Oil & Gas in the Global Insulation Materials Market
Table 7.1    Insulation Materials Market by Region, 2016 – 2021, (Kilotons)
Table 7.2    Insulation Materials Market by Region, 2016–2021, ($Million)
Table 7.3    North America Insulation Materials Market by Type, 2016-2021, Kilotons
Table 7.4    North America Insulation Materials Market by Type, 2016-2021, $Million
Table 7.5    North America Insulation Materials Market by Application, 2016-2021, Kilotons
Table 7.6    North America Insulation Materials Market by Application, 2016-2021, $Million
Table 7.7    North America Insulation Materials Market by Country, 2016 – 2021, Kilotons
Table 7.8    North America Insulation Materials Market by Country, 2016-2021, ($Million)
Table 7.9    The U.S. Insulation Materials Market by Type, 2016-2021, Kilotons
Table 7.10    U.S. Insulation Materials Market by Type, 2016-2021, $Million
Table 7.11    Canada Insulation Materials Market by Type, 2016-2021, Kilotons
Table 7.12    Canada Insulation Materials Market by Type, 2016-2021, $Million
Table 7.13    Mexico Insulation Materials Market by Type, 2016-2021, Kilotons
Table 7.14    Mexico Insulation Materials Market by Type, 2016-2021, $Million
Table 7.15    Asia-Pacific Insulation Materials Market by Type, 2016 – 2021, (Kilotons)
Table 7.16    Asia-Pacific Insulation Materials Market by Type, 2016–2021, ($Million)
Table 7.17    Asia-Pacific Insulation Materials Market by Application, 2016-2021, (Kilotons)
Table 7.18    Asia-Pacific Insulation Materials Market by Application, 2016–2021, ($Million)
Table 7.19    Asia-Pacific Insulation Materials Market by Country, 2016–2021, (Kilotons)
Table 7.20    Asia-Pacific Insulation Materials Market by Country, 2016–2021, ($Million)
Table 7.21    China Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.22    China Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.23    Japan Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.24    Japan Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.25    India Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.26    India Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.27    South Korea Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.28    South Korea Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.29    Australian Standards Catering to the Insulation Materials Market
Table 7.30    Australia & New Zealand Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.31    Australia & New Zealand Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.32    Singapore Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.33    Singapore Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.34    Rest of APAC Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.35    Rest of APAC Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.36    Europe Insulation Materials Market by Type, 2016-2021 (Kilotons)
Table 7.37    Europe Insulation Materials Market by Type, 2016-2021 ($Million)
Table 7.38    Europe Insulation Market by Application, 2016-2021, (Kilotons)
Table 7.39    Europe Insulation Materials Market by Application, 2016-2021 ($Million)
Table 7.40    Europe Insulation Materials Market by Country, 2016-2021, (Kilotons)
Table 7.41    Europe Insulation Materials Market by Country, 2016-2021, ($Million)
Table 7.42    Germany Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.43    Germany Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.44    France Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.45    France Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.46    The U.K. Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.47    The U.K. Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.48    Poland Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.49    Poland Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.50    Italy Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.51    Italy Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.52    Spain Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.53    Spain Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.54    The Netherlands Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.55    The Netherlands Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.56    Rest of Europe Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.57    Rest of Europe Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.58    RoW Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.59    RoW Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.60    RoW Insulation Materials Market by Application, 2016-2021, (Kilotons)
Table 7.61    RoW Insulation Materials Market by Application, 2016-2021, ($Million)
Table 7.62    RoW Insulation Materials Market by Country, 2016–2021, (Kilotons)
Table 7.63    RoW Insulation Materials Market by Country, 2016-2021, ($Million)
Table 7.64    Brazil Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.65    Brazil Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.66    Developments pertaining to the UAE Insulation Materials Market
Table 7.67    UAE Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.68    UAE Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.69    Saudi Arabia Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.70    Saudi Arabia Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.71    Argentina Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.72    Argentina Insulation Materials Market by Type, 2016-2021, ($Million)
Table 7.73    Others Insulation Materials Market by Type, 2016-2021, (Kilotons)
Table 7.74    Others Insulation Materials Market by Type, 2016-2021, ($Million)
Table 8.1    Armacell International S.A.: Product Portfolio
Table 8.2    Atlas Roofing Corporation: Product Portfolio
Table 8.3    BASF SE: Product Portfolio
Table 8.4    Cellofoam North America Inc.: Product Portfolio
Table 8.5    Covestro AG: Product Portfolio
Table 8.6    Dow Building Solutions: Product Portfolio
Table 8.7    Evonik Industries AG: Product Portfolio
Table 8.8    Fletcher Insulation: Product Portfolio
Table 8.9    GAF Materials Corporation: Product Portfolio
Table 8.10    Huntsman Corporation: Product Portfolio
Table 8.11    Johns Manville: Product Portfolio
Table 8.12    Kingspan Group Plc. Product Portfolio
Table 8.13    Knauf Insulation: Product Portfolio
Table 8.14    NOVA Chemicals Corporation: Product Portfolio
Table 8.15    Owens Corning: Product Portfolio
Table 8.16    Rockwool International A/S: Product Portfolio
Table 8.17    Saint-Gobain S.A.: Product Portfolio
Table 8.18    Superglass Insulation Ltd.: Product Portfolio
Table 8.19    URSA Insulation S.A.: Product Portfolio

Figure 1    Global Insulation Materials Market Snapshot, 2016-2021 ($Million)
Figure 2    Insulation Materials Market Share by Type, 2016 & 2021
Figure 3    Global Insulation Materials Market by Application, 2016 & 2026
Figure 4    Insulation Materials Market, by Region
Figure 1.1    Global Insulation Materials Market Scope
Figure 1.2    Report Design
Figure 1.3    Primary Interviews Breakdown, by Player, Designation, and Region
Figure 1.4    Sources of Secondary Research
Figure 1.5    Data Triangulation
Figure 1.6    Top Down & Bottom Up Approach
Figure 2.1    Market Dynamics
Figure 2.2    Impact Analysis of Drivers
Figure 2.3    Urban Population Historical Data and Forecast
Figure 2.4    Impact Analysis of Restraints
Figure 2.5    Average Crude Oil Prices, 2007-2017
Figure 2.6    Impact Analysis of Opportunities
Figure 3.1    Strategies Adopted by the Key Players
Figure 3.2    Share of Key Market Strategies & Developments
Figure 3.3    Global Insulation Materials Player Share Analysis 2016
Figure 3.4    R&D Analysis of the Key Players in the Global Insulation Materials Market
Figure 4.1    Supply Chain Analysis of Insulation Materials Market
Figure 4.2    Global Insulation Materials Porter’s Five Forces Analysis
Figure 4.3    Global Insulation Materials Market Opportunity Matrix, by Region, 2016-2021 ($Million)
Figure 4.4    Global Insulation Materials Market Opportunity Matrix, by Country, 2016
Figure 4.5    Country Share Analysis of Global Insulation Materials Market, 2016
Figure 4.6    Country Share Analysis of Global Insulation Materials Market, 2016
Figure 5.1    Global Insulation Materials Market by Type
Figure 5.2    Global Insulation Materials Market by Type, 2016 and 2021
Figure 5.3    Schematic of the Manufacture of Mineral Wool
Figure 5.4    Mineral Wool in Global Insulation Materials Market, 2016-2021
Figure 5.5    Polyurethane Foam in Global Insulation Materials Market, 2016-2021
Figure 5.6    Expanded Polystyrene in Global Insulation Materials Market, 2016-2021
Figure 5.7    Polyethylene in Global Insulation Materials Market, 2016-2021
Figure 5.8    Extruded Polystyrene in Global Insulation Materials Market, 2016-2021
Figure 5.9    Polyvinyl Chloride in Global Insulation Materials Market, 2016-2021
Figure 5.10     Others in Global Insulation Materials Market, 2016-2021
Figure 6.1    Global Insulation Materials Market by Application
Figure 6.2    Global Insulation Materials Market by Application, 2016 and 2021
Figure 6.3    Residential Construction in Global Insulation Materials Market, 2016-2021
Figure 6.4    Non-Residential Construction in Global Insulation Materials Market, 2016-2021
Figure 6.5    Wires and Cables in Global Insulation Materials Market, 2016-2021
Figure 6.6    HVAC & OEM in Global Insulation Materials Market, 2016-2021
Figure 6.7    Automotive in Global Insulation Materials Market, 2016-2021
Figure 6.8    Oil and Gas in Global Insulation Materials Market, 2016-2021
Figure 6.9    Others in Global Insulation Materials Market, 2016-2021
Figure 7.1    Insulation Materials Market- Geographic Segmentation, 2016
Figure 7.2    Insulation Materials Market Growth Rate, 2016-2021
Figure 7.3    Insulation Materials Market by Region, 2016 and 2021
Figure 7.4    North America Insulation Materials Market by Type, 2016-2021
Figure 7.5    North America Insulation Materials Market by Type, 2016-2021
Figure 7.6    North America Insulation Materials Market by Application, 2016-2021
Figure 7.7    North America Insulation Materials Market by Application, 2016 and 2021
Figure 7.8    North America Insulation Materials Market by Country, 2016 & 2021
Figure 7.9    The U.S. Insulation Materials Market, 2016-2021
Figure 7.10    Canada Insulation Materials Market, 2016-2021
Figure 7.11    Mexico Insulation Materials Market, 2016-2021
Figure 7.12    Asia-Pacific Insulation Materials Market by Type, 2016 - 2021
Figure 7.13    Asia-Pacific Insulation Materials Market by Application, 2016-2021
Figure 7.14    Asia-Pacific Insulation Materials Market by Application, 2017-2021
Figure 7.15    Asia-Pacific Insulation Materials Market by Country, 2016 & 2021
Figure 7.16    Asia-Pacific Insulation Materials Market by Country, 2016 & 2021
Figure 7.17    China Insulation Materials Market, 2016-2021
Figure 7.18    Japan Insulation Materials Market, 2016-2021
Figure 7.19    India Insulation Materials Market, 2016-2021
Figure 7.20    South Korea Insulation Materials Market, 2016-2021
Figure 7.21    Australia & New Zealand Insulation Materials Market, 2016-2021
Figure 7.22    Singapore Insulation Materials Market, 2016-2021
Figure 7.23    Rest of APAC Insulation Materials Market, 2016-2021
Figure 7.24    Europe Insulation Materials Market by Type, 2016-2021
Figure 7.25    Europe Insulation Materials Market by Type, 2016-2021
Figure 7.26    Europe Insulation Materials Market by Application, 2016 & 2021
Figure 7.27    Europe Insulation Materials Market by Application, 2016-2021
Figure 7.28    Europe Insulation Materials Market by Country, 2016 & 2021
Figure 7.29    Europe Insulation Materials Market by Country, 2016 & 2021
Figure 7.30    Germany Insulation Materials Market, 2016-2021
Figure 7.31    France Insulation Materials Market, 2016-2021
Figure 7.32    The U.K. Insulation Materials Market, 2016-2021
Figure 7.33    Poland Insulation Materials Market, 2016-2021
Figure 7.34    Italy Insulation Materials Market, 2016-2021
Figure 7.35    Spain Insulation Materials Market, 2016-2021
Figure 7.36    The Netherlands Insulation Materials Market, 2016-2021
Figure 7.37    Rest of Europe Insulation Materials Market, 2016-2021
Figure 7.38    RoW Insulation Materials Market by Type, 2016-2021
Figure 7.39    RoW Insulation Materials Market by Type, 2016-2021
Figure 7.40    RoW Insulation Materials Market by Application, 2016-2021
Figure 7.41    RoW Insulation Materials Market by Application, 2016-2021
Figure 7.42    RoW Insulation Materials Market by Country, 2016 & 2021
Figure 7.43    RoW Insulation Materials Market by Country, 2016 & 2021
Figure 7.44    Brazil Insulation Materials Market, 2016-2021
Figure 7.45    UAE Insulation Materials Market, 2016-2021
Figure 7.46    Saudi Arabia Insulation Materials Market, 2016-2021
Figure 7.47    Argentina Insulation Materials Market, 2016-2021
Figure 7.48    Others Insulation Materials Market, 2016-2021
Figure 8.1    Armacell International S.A.: Overall Financials, 2014-2016
Figure 8.2    Armacell International S.A.: Net Revenue by Region, 2014-2016
Figure 8.3    Armacell International S.A.: Net Revenue by Business Segment, 2014-2016
Figure 8.4    Armacell International S.A.: Net Revenue of Advanced Insulation by Region, 2014-2016
Figure 8.5    Armacell International S.A.: SWOT Analysis
Figure 8.6    Atlas Roofing Corporation: SWOT Analysis
Figure 8.7    BASF SE: Overall Financials, 2014-2016
Figure 8.8    BASF SE: Net Revenue by Region, 2014-2016
Figure 8.9    BASF SE: Net Revenue by Business Segment, 2014-2016
Figure 8.10    BASF SE: SWOT Analysis
Figure 8.11    Cellofoam North America Inc.: SWOT Analysis
Figure 8.12    Covestro AG: Overall Financials, 2014 – 2016
Figure 8.13    Covestro AG: Net Revenue by Business Segment, 2014 – 2016
Figure 8.14    Covestro AG: Net Revenue by Region, 2014 – 2016
Figure 8.15    Covestro AG: SWOT Analysis
Figure 8.16    Dow Building Solutions: SWOT Analysis
Figure 8.17    Evonik Industries AG: Overall Financials, 2014-2016
Figure 8.18    Evonik Industries AG: Net Revenue by Business Segment, 2014-2016
Figure 8.19    Evonik Industries AG: Net Revenue by Region, 2014-2016
Figure 8.20    Evonik Industries AG: SWOT Analysis
Figure 8.21    Fletcher Insulation: SWOT Analysis
Figure 8.22    GAF Materials Corporation: SWOT Analysis
Figure 8.23    Huntsman Corporation: Overall Financials, 2014-2016
Figure 8.24    Huntsman Corporation: Net Revenue by Region 2014-2016
Figure 8.25    Huntsman Corporation: Net Revenue by Business Segment 2014-2016
Figure 8.26    Huntsman Corporation: SWOT Analysis
Figure 8.27    Johns Manville: SWOT Analysis
Figure 8.28    Kingspan Group Plc. Overall Financials, 2014-2016
Figure 8.29    Kingspan Group Plc. Net Revenue by Region, 2014-2016
Figure 8.30    Kingspan Group Plc. Net Revenue by Business Segment, 2014-2016
Figure 8.31    Kingspan Group Plc. SWOT Analysis
Figure 8.32    Knauf Insulation: SWOT Analysis
Figure 8.33    NOVA Chemicals Corporation: Overall Financials, 2014-2015
Figure 8.34    NOVA Chemicals Corporation: SWOT Analysis
Figure 8.35    Owens Corning: Overall Financials, 2014 – 2016
Figure 8.36    Owens Corning: Net Revenue by Business Segment, 2014 – 2016
Figure 8.37    Owens Corning: Net Revenue by Geographic Segment, 2014 – 2016
Figure 8.38    Owens Corning: SWOT Analysis
Figure 8.39    Rockwool International A/S: Overall Financials, 2014-2016
Figure 8.40    Rockwool International A/S: Net Revenue by Business Segment, 2014-2016
Figure 8.41    Rockwool International A/S: Net Revenue by Region, 2014-2016
Figure 8.42    Rockwool International A/S: SWOT Analysis
Figure 8.43    Saint-Gobain S.A. - Overall Financials, 2014-2016
Figure 8.44    Saint-Gobain S.A.: Net Revenue by Region, 2014-2016
Figure 8.45    Saint-Gobain S.A.: Net Revenue by Business Segment, 2014-2016
Figure 8.46    Saint-Gobain S.A.: Net Revenue by Construction Products Business Segment, 2014-2016
Figure 8.47    Saint-Gobain S.A.: SWOT Analysis
Figure 8.48    Superglass Insulation Ltd.: SWOT Analysis
Figure 8.49    URSA Insulation S.A.: SWOT Analysis

Report Description

Insulation materials are designed to reduce the heat flow by limiting heat transfer through conduction, convection, and radiation while facilitating vapour flow and water condensation of a process. The insulation materials such as mineral wool, polyurethane foam, polyethylene, extruded polystyrene, expanded polystyrene, polyvinyl chloride, and fiberglass help in insulating the building envelop, reduce energy consumption, and reduce the emissions of greenhouse gas, and offers comfort and safety. These insulation materials find use in residential construction, non-residential, HVAC and OEM, oil and gas, wires and cables, and automobiles. The insulation materials market is expected to grow at a CAGR of 6.2% and 7.2% ($milllion) and (kilotons)  between 2016 and 2021.

The report is a compilation of the different segments of global insulation materials market, including market breakdown by insulation materials type, end-user industry and geographical areas. Herein the revenue generated from the insulation materials types, namely:  polyurethane foam,  mineral wool, expanded polystyrene, polyethylene, extruded polystyrene, and polyvinyl chloride;  end-user industry, namely residential construction, non-residential, wires and cables, HVAC and OEM, automotive, and oil and gas; and geography, namely: North America, Europe, Asia-Pacific, and Rest of the World is tracked to calculate the overall market size, both in terms of value ($million) and volume (kilotons). The report also provides market numbers and analysis on cross segments which includes country by end-user industries. While highlighting the key driving and restraining forces for this market, the report also provides a detailed  summary of the global insulation materials market. It also includes the key participants involved in the industry at the relevant sections.

The report further includes a thorough analysis of the impact of the Porter’s five major forces to understand the overall attractiveness of the industry. The most commonly used strategy for developing a better hold on the market has been through business expansions. Moreover, the company profile section  highlights  significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years. 

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World. Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global insulation materials market are BASF SE, Huntsman Corporation, Knauf Insulation, Johns Manville, Nova Chemicals Corporation, Cellofoam North America Inc., and Dow Building Solutions, among others.

Key Questions Answered in this Report

The report answers the following questions about the global insulation materials market:

•    What is the size, in terms of value ($million) and volume (kilotons) of global insulation materials market in 2016, and growth rate during the forecast period, 2017-2021?
•    What is the market size of different types of insulation materials ($million and kilotons) and their growth rate during the forecast period, 2017-2021?
•    How will each end-user industry of insulation materials market grow during the forecast period and what will be the market size ($million and kilotons) of each of the end-user industry by the end of 2021?
•    What is the market size for different regions and countries in terms of value and volume ($million and kilotons) in the insulation materials market and their growth across the forecast period, 2017 to 2021?
•    What is the market size for different regions by type and end-user industry in terms of value and volume ($million and kilotons) in the insulation materials market and their growth across the forecast period, 2017 to 2021?
•    What is the market size for different countries by end-user industry in terms of value and volume ($million and kilotons) in the insulation materials market and their growth across the forecast period, 2017 to 2021?
•    What are the major driving forces that tend to increase the demand for insulation materials market during the forecast period?
•    What are the major challenges inhibiting the growth of the global insulation materials market?
•    What is the competitive strength of key players in the global insulation materials market by analyzing through market share analysis?
•    What are the key market players in the market, along with their detailed analysis & profiles (including their financials, company snapshots, key products & services, and SWOT analysis)?

Market Overview

The construction industry dates back to the early 1600s when the basic materials such as animal skins, fur, wool, and plant related products were used for enveloping the buildings. The construction industry has proven to be one of the major sources of pollution, accountable for approximately 4% of particulate emissions, 30% of the greenhouse gas emissions, and constitute for more than 4% of the water and noise pollution. The construction industry contributes to more than 30% of all the global emission sources. Along with the rising pollution levels, rapid population growth and high energy consumption are the other key concerns of various regulatory bodies across the globe. 

According to the Intergovernmental Panel on Climate Change (IPCC), an international body for the assessment of climate change, set by the United Nations Environment Programme (UNEP) and the World Meteorological Organization (WMO), buildings are the largest energy-consuming sector with nearly 40.0% of the global electricity consumed and are responsible for approximately 36.0% of the global carbon emissions (CO2). This is because of the inefficient thermal insulation systems around the building envelop which lead to significant loss of energy. Similarly, according to the European Union (EU), buildings in Europe consume approximately 40.0% of energy and produce approximately 35.0% of greenhouse emissions. Thereby, the European Union has recognized the construction segment to be the largest untapped area for energy savings in both the new and existing buildings. It has undoubtedly been the root cause of degradation the built environment. Thus, high energy consumption and its related costs are one of the major concerns for the regulatory bodies in the recent years.

With the advent of the technological era, the construction methods, materials, and insulation materials have developed considerably. Insulation materials are primarily any material or substance which assists in preventing heat, electricity and noise from entering or leaving the premises. Some of the significant insulation materials used are mineral wool, expanded polystyrene, extruded polystyrene, polyethylene, and fiberglass, among others. The insulation materials are widely used in the construction, oil and gas, wires and cables, and automotive industries, among others.

The major drivers for the global insulation materials market are significant reduction in energy consumption and its related costs, stringent regulations to reduce greenhouse gas emissions and increase of net zero energy buildings, and population growth and urbanization. However, volatile raw material prices and lack of awareness about insulation materials in the construction industry may hamper the growth of the market. 

There is a tremendous potential for the growth of insulation materials in the global market owing to the rising demands from end-user industries such as HVAC and OEM, oil and gas, wires and cables, and automobiles, among others, rising concern for changing climatic conditions and global warming, and increasing energy conservation regulations and greenhouse gas emission reduction targets. 

Some of the key players in the global insulation materials market include BASF SE, Huntsman Corporation, Knauf Insulation, Johns Manville, Nova Chemicals Corporation, Cellofoam North America Inc., Dow Building Solutions, Rockwool International A/S, Saint-Gobain S.A., Covestro AG, Kingspan Insulation, Owens Corning, Armacell International S.A., URSA Insulation, S.A., GAF Materials Corporation, and Evonik Industries AG, among others. These companies provide a broad product portfolio for specific needs of the insulation industry and have strong presence in the North America, Asia-Pacific, and the European region. They cater to a global clientele by collaborating with well-established distributor and sales network.

The global insulation materials market is expected to reach $53,360.5 million by 2021, growing at a CAGR of 6.2% between 2016 and 2021. This enormous growth is being anticipated due to the various benefits provided by insulation materials such as environmental benefits, emission reduction, less energy consumption, and the material’s potential to be recycled and reused. These factors have contributed to the colossal demand of the insulation materials. Additionally, an increasing number of applications of insulation materials owing to their emission reduction potential, the building rating systems, stringent government regulations & emission control norms, and large-scale investment by government and federal agencies are some of the other factors propelling the growth of insulation materials market globally.   

Regulatory Impact 

The insulation-based buildings are assessed on the basis of certain parameters of energy, environment and ecology, considering both the social and technological aspects of all the projects, by the environmental assessment bodies such as Leadership in Energy and Environmental Design (LEED), Building Research Establishment Environmental Assessment Method (BREEAM), Green Rating for Integrated Habitat Assessment (GRIHA), Green Globes, Energy Star, among others. The building performances are evaluated during the initial stages of a project and the results are incorporated in the future design developmental stage of the building. 

Insulation materials are designed to reduce the heat flow by limiting heat transfer through conduction, convection, and radiation while facilitating vapour flow and water condensation of a process. The insulation materials can be of the following types such as mineral wool, polyurethane foam, polyethylene, extruded polystyrene, expanded polystyrene, polyvinyl chloride, and fiberglass. In 2016, mineral wool dominated the global insulation materials market as it serves as an excellent insulation material for thermal and acoustic insulation which are mainly used in residential and commercial buildings. On the other hand, the increasing demand of polyurethane foam as an insulation material from the construction sector is because of its light weight, ease of installation, reduced transportation costs, and low maintenance costs. 

Insulation materials have applications in a vast range of end-user markets such as wires and cables, residential construction, non-residential, HVAC and OEM, automotive, and oil and gas, among others. Insulation has been one of the most cost-effective solution to reduce energy consumption in the residential buildings. This increasing demand of insulation materials from residential construction segment is because of increasing need of reducing the energy consumption in the residential segment. Increasing construction expenditures in Asia-Pacific region along with the government initiatives to reduce greenhouse gas emissions is expected to increase the demand of insulation materials in the residential construction segment. 

The demand for insulation materials vary according to various geographical regions. The insulation materials market holds a prominent share in various countries of North America, Asia-Pacific (APAC), Europe, and Rest of the World (RoW). The Asia-Pacific market accounted for major share in the total revenue in the year 2016. The region is reported to have highest growth rate as compared to the others because of the high growth in the automotive, construction, and telecommunication industries along with rapid industrialization and digitalization. Increasing insulation demand from the Asia-Pacific region is majorly attributed to growing automotive, construction and industrial sectors. Additionally, low cost of setting up of manufacturing facilities and low cost of insulation materials in the region further propels the demand of insulation materials in the Asia-Pacific market. 

Competitive Landscape

The global insulation materials market is a highly competitive industry, with all its players competing to gain a greater market share. Rockwool International A/S, Knauf Insulation, Covestro AG, Owens Corning, and Saint-Gobain S.A. are some of the leading companies in this market. Most of the insulation materials manufacturers are of the similar financial capability and the landscape is extremely competitive because of the presence of a large number of players in the market. Therefore, innovation and development has been the key for gaining growth in this market.

To increase the global footprint, insulation material manufacturers are also entering new product launches, and mergers & acquisitions with different distribution networks. For instance, in November 2017, Rockwool International A/S started the construction of a basalt mineral wool production plant in Romania with an investment of $55.3 million. The expansion is expected to help the company move towards fire safety and energy efficient buildings. Additionally, in October 2017, the company purchased 180,000m2 of land in the eastern Swedish municipality of Eskilstuna. The expansion is done with an aim of future expansion of mineral wool production capacity and meet the future demands. 

Other key players operating in this market have ramped up their product launch activities over the recent years, to generate public awareness about their existing and new products and technologies, and to compete with the competitors’ product portfolio. For instance, in August 2017, Knauf Insulation launched a system called Supafil Frame to automate the installation of blown glass mineral wool during off-site manufacturing. The system is expected to reduce the time required to insulate modular homes. Similarly, in December 2014, BASF SE changed its entire polystyrene-based insulation product portfolio as per the European market to the new polymeric flame retardant (PolyFR). The change is in compliance with the REACH regulation which restricts the use of hexabromocyclododecane (HBCD) as a flame retardant as of 21 August 2015.

Moreover, extensive R&D activities and appropriate regulatory environments are also a prerequisite for the sustained growth of this market. Various government and private research institutes, and favorable trade policies are putting in substantial efforts to reduce the energy consumption and increase the awareness about insulation materials and its benefits among the consumers.

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