세계 단열재 시장 – 2023-2030

Overview
Global Thermal Insulation Material Market reached US$ 63.9 billion in 2022 and is expected to reach US$ 127.7 billion by 2030, growing with a CAGR of 9.2% during the forecast period 2023-2030.
There are a number of major expansion trends in the global market for thermal insulation materials that point to a move toward sustainable development, energy efficiency and creative building methods. The increasing need for sustainable and environmentally friendly insulating materials is one such development. Low-impact insulating options are becoming more and more popular as environmental concerns gain traction.
The growing global demand for energy-efficient and sustainable construction solutions is one crucial driver. Construction stakeholders are increasingly turning to thermal insulation materials that improve energy performance, lower carbon footprints and comply with green building regulations as a result of increased awareness of the environment.
Europe is among the growing regions in the global thermal insulation material market covering more than 1/3rd of the market. The market for thermal insulation materials is growing as more people realize how important well-insulated buildings are to reaching energy transition objectives. Having been considered, the growth-promoting elements in Europe include a unified strategy for sustainable building, strict legislative frameworks and a shared dedication to tackling issues related to energy efficiency in the built environment.
Dynamics
Growth in the Building and Construction Industry
The demand for thermal insulation in buildings has grown along with the building and construction sectors. In order to maintain consistent interior temperatures, building thermal insulation techniques minimize heat transmission between surrounding surroundings. Furthermore, they lower carbon emissions by restricting heat transmission to the outside world and using less energy to maintain temperature.
The material has exceptional structural properties including fire and impact resistance. Thermal insulation materials are crucial for the building and construction industry because of their superior energy efficiency. Moreover, the implementation of thermal insulation systems in commercial structures is being promoted, fueled by the escalating pace of industrialization. The trend is anticipated to propel market growth by mitigating energy consumption.
For instance, information from U.S. Census Bureau and U.S. Department of Housing and Urban Development indicate that 1,295,000 residential units were created and constructed. Additionally, in 2021 1,724,700 housing developments are expected to be authorized by permits for construction. The is 17.2% (0.6%) more than the 1,471,100 objective set for 2020. Growing building projects are anticipated to support the growth of the building thermal insulation industry.
Rising Demand for Building Thermal Insulation Materials in Residencial and Commercial Applications
The primary cause of growing energy prices is the increased demand for building thermal insulation materials in both residential and commercial settings. Two expenses result from inefficient energy use. Because of the recent price increases, significant energy consumption might be quite expensive for the user. Furthermore, it adds to the depletion of natural resources.
According to the Indian Green Building Council, efficient insulation for buildings saves money and protects the environment. It serves two purposes lowering monthly energy costs and raising a building's general level of comfort. By functioning as a barrier to stop heat loss and reduce leaks, insulation helps to maintain a constant, pleasant temperature.
This has become possible to achieve an astounding range of 40% to 50% energy savings using smart design owing to the incorporation of green technology and sustainable practices. Building insulation is becoming more and more important since it may save energy use by up to 8%.
Regulatory Guidelines for Use of Insulating Materials
Governments globally are taking the initiative to address the mounting issues brought on by global warming as they recognize the need to act quickly. The concept of energy efficiency is becoming more important in addressing sustainability issues, despite its historical devaluation. However, people are now aware of it extensively. Effective insulations for energy saving are being developed by a number of industries for use in building and vehicle insulation, among other uses.
These procedures are performed in an effort to reduce fuel use as well as energy prevention. Insulation is used for more than just energy conservation; it also increases comfort and improves safety precautions. Some regions, such as Europe and North America, have improved their building and construction legislation to mandate the use of insulation.
High Raw Material Costs and Faulty Price
The demand for thermal insulation material in residential structures is anticipated to be hampered by the high capital costs of insulation materials, which is predicted to impede market growth. Buildings that employ thermal insulation material save a substantial amount of energy, mostly in the form of electricity. Nevertheless, not all owners choose thermal insulation material because of the high capital cost of these materials, which is limiting the market's expansion.
The market for thermal insulation material is expected to be negatively impacted by the makers' inability to reach the target audience due to the weak infrastructure of distribution channels. Additionally, it is anticipated that a lack of knowledge about the benefits of insulation materials will limit their adoption, which will impede the expansion of the market.
Segment Analysis
The global thermal insulation material market is segmented based on product, temperature range, technology, application, end-user and region.
Increasing New Buildings and Infrastructure Projects in Construction Industry
The construction segmsent is among the growing regions in the global thermal insulation material market covering more than 1/3rd of the market. The construction industry's vital parts are driving the enormous expansion of the global market for thermal insulation materials. The continuous global increase in building activity is one of the main incentives.
The demand for thermal insulation materials is being driven by initiatives including infrastructure expansion, population increase and rapid urbanization. Advanced thermal insulation materials that improve a structure's total energy efficiency are becoming more and more popular as new buildings and infrastructure projects emphasize sustainable and energy-efficient construction methods.
Geographical Penetration
Increasing Focus on Sustainable Building and Remodeling in Europe
Europe has been a dominant force in the global thermal insulation material market and the market for thermal insulation materials is expanding due to the increasing focus on sustainable building and remodeling methods in Europe. Because many of the buildings in Europe are older constructions, it is critical to upgrade and retrofit insulation to comply with current energy efficiency regulations.
The European Manufacturers Association of Expanded Polystyrene (EPS) insulation and EPS Packaging highlights a critical scenario in Germany's energy consumption landscape. Buildings, constituting 40% of the country's total primary energy consumption, play a pivotal role. Particularly in the residential sector, a staggering 70% of the final energy is dedicated to heating.
However, a stark reality surfaces when considering the pace of building renovations only 1% of the roughly 19 million residential buildings in Germany undergo renovation annually. The becomes a cause for concern given that approximately 12 million of these structures were built before the introduction of the first German Thermal Insulation Ordinance (WSchV) in 1979, rendering them non-compliant with even the most basic energy efficiency standards.
The Association observes that, given the importance of managing these problems, reaching climate protection targets and effectively navigating the energy transition require a deliberate and purposeful use of all available insulation materials, each utilizing its distinct advantages. The report emphasizes how important it is to upgrade energy efficiency throughout Germany's vast residential building stock through thorough renovations and the widespread use of effective insulating materials.
COVID-19 Impact Analysis
The market for thermal insulation materials has been significantly impacted by the COVID-19 pandemic, which has changed demand dynamics and the supply chain. Lockdowns and other supply-side measures affected the production and accessibility of insulating materials by causing delays in manufacturing procedures and shortages of raw materials. Concerns in the market were compounded by factory closures, reduced capacity and transportation issues that made it more difficult to deliver products on time.
Due to lockdowns and uncertain economic conditions, the building sector—a significant user of thermal insulation materials saw slowdowns and delays in demand. The postponement of commercial and industrial projects resulted in a decline in the demand for insulating materials across several industries, including manufacturing and infrastructure.
Furthermore, the recession forced some customers to put off energy-saving improvements, which had an impact on the market for insulating materials used in retrofit projects. Reconsidering building standards and prioritizing sustainability emerged as a noteworthy trend as the market for thermal insulation materials struggled with the pandemic's early shocks. Since the pandemic, there has been a greater emphasis placed on the significance of developing ecologically responsible and energy-efficient buildings.
This change in perspective may result in a rise in the market for insulating materials that meet both wider environmental objectives and thermal efficiency requirements. As the industry strives to find a balance between environmental responsibility and performance, manufacturers could expect to see an increase in demand for recyclable and eco-friendly insulating products.
Russia-Ukraine War Impact Analysis
Russia's market for thermal insulation materials has seen a number of possibilities and difficulties as a result of both internal and international dynamics. The global COVID-19 epidemic affected economies across the board, including Russia's manufacturing and construction industries. The demand for thermal insulation materials fluctuated as a result of the pandemic-related delay in building and supply chain interruptions.
However, the Russian market has proven resilient and given the government's emphasis on energy efficiency and infrastructure development, there may be a resurgence in the market for insulating products. The adoption of thermal insulation solutions that support energy savings and environmental responsibility is anticipated to be fueled by the emphasis on sustainable construction methods, which aligns with globally trends.
The market for thermal insulation materials in Ukraine has seen possibilities and difficulties specific to the economic and geopolitical environment of the nation. The demand for insulating materials has been impacted by the political and economic unrest in Ukraine, which has affected the building sector. Notwithstanding these obstacles, the significance of sustainable building methods and energy efficiency is becoming more widely recognized.s
The efforts being undertaken by Ukrainian government to increase the energy efficiency of both residential and commercial buildings may increase demand for thermal insulation products. There could be a greater emphasis on using insulation solutions that satisfy strict performance and environmental requirements as Ukraine works to become compliant with European guidelines.
By Product
• Fiberglass
• Stone Wool/Mineral Wool
• Foam
o Expanded Polystyrene (EPS)
o Extruded Polystyrene (XPS)
o Polyurethane (PU)
o Polyisocyanurate (PIR)
o Phenolic
o Others
• Cellulose
• Aerogel
• Calcium Silicate
• Others
By Temperature Range
• -75°C to 16°C
• 16°C to 315°C
• 315°C to 815°C
• Above 815°C
By Technology
• Radiation Cure
• High Solids
• Powder
• Waterborne
• Others
By Application
• Flat Roof
• External Wall
• Internal Wall
• Floor Insulation
• HVAC Systems
• Industrial
• Others
By End-User
• Construction
• Automotive
• Electronics
• Medical
• Retail
• Consumer Goods
• Furniture
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• On February 22, 2023, Saint-Gobain has acquired U.P. Twiga Fiberglass Ltd. (UP Twiga), the market leader in glass wool insulation in India. In addition to SaintGobain's recent acquisition of Rockwool India Pvt Ltd., which specializes in stone wool and its leading positions in plasterboard and glass, UP Twiga strengthens SaintGobain's positioning in India for interior and façade solutions.
• On July 07, 2023, Kingspan Group plc (Kingspan), the world leader in cutting-edge insulation and creative construction solutions acquired Troldtekt A/S, a producer of wood-based acoustic boards made using sustainable practices. With this transaction, Kingspan has entered the natural materials market. Crucially, it provides the Group with a technological framework on which to build natural solutions for additional uses, such as insulation.
Competitive Landscape
The major global players in the market include Saint-Gobain S.A., Owens Corning, BASF SE, Knauf Insulation, Rockwool International A/S, Armacell International S.A., Dow, Johns Manville, Kingspan Group and L'Isolante K-Flex S.p.A.
Why Purchase the Report?
• To visualize the global thermal insulation material market segmentation based on product, temperature range, technology, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of thermal insulation material market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global thermal insulation material market report would provide approximately 77 tables, 93 figures and 215 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies