Building Insulation Materials Market Propelled at 4.2% CAGR in APAC by Government Policies for Energy Efficiency Targets and Advancements in Plastic Foams

Hyderabad, Oct. 18, 2016 (GLOBE NEWSWIRE) -- According to the new report “Building Insulation Materials Market: By Type (Wool Insulation, Plastic Insulation); By Application (Walls, Roofs, Ceilings, Floors, Systems); By End-User (Residential, Industrial, Institutional) & By Geography -Forecast (2016 - 2022)” published by IndustryARC, the building insulation materials market to grow at 4.2% CAGR in APAC.

Browse 55 Market Tables, 30 Figures spread through 165 Pages and an in-depth TOC on “Building Insulation Materials Market

Building insulation materials provide thermal comfort to various structures of the building thereby, reducing the emissions and cost. Properly insulating the construction not only reduces heating and cooling cost, but also improves comfort and the aesthetic sense of the building. Some of the chief materials include: glass wool, rock wool, expanded polystyrene and polyurethane foams, and fiberglass. Apart from these, there are a wide range of plant/ animal derived and various plastic materials that induce insulation properties. In addition to thermal properties, these products also provide acoustic insulation, fire and water protection.

The Insulation materials market is highly penetrated in industrial applications of developed nations mainly driven by the need for thermal balance and tightening regulations on emissions. HVAC ducts, pipelines and wall applications are the key end user segments in the industrial insulation space. Advanced materials such as PU foams, EPS and XPS hold huge growth potential especially in the developing nations owing to rapid industrialization and establishment of regulatory framework related to GHG emissions. Plastic insulation accounts for more than 60% of the insulation materials market in emerging economies. Industries such as; petrochemicals, pharmaceuticals, chemicals, metallurgy and so on provides huge growth opportunities for the market players especially in China and India.

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China accounts for close to half of the building insulation materials market in APAC region. These two country markets are set to grow at close to 10% CAGR in the coming years. Driven by the investments in manufacturing sectors of developing nations and increasing availability of advanced insulation materials, the market for building insulation materials is set to grow at a healthy CAGR during the forecast period. Most of the top companies in this market are specialized in limited products and have been expanding their distribution reach as well as geographical presence by collaborating with local companies in potential markets. The APAC region is estimated to grow at a 4.2% CAGR to reach $5.84bn by 2021. While Australia and New Zealand are estimated to grow at only 0.5%, the India market is growing at an estimated 8.9% CAGR. Some of the key trends driving growth in the Indian market include:

  • Multi-level apartments- An Emerging segment
  • Mounting FDI and manufacturing establishments drive growth of industrial segment
  • Booming commercial spaces, shopping malls construction provides opportunity
  • Government commitment to curb GHG emissions and implementation of Smart cities schemes favors market growth

Major players of the building insulation materials market include:

  • Rockwool International (Denmark)
  • Kingspan Insulation (U.K.)
  • Knauf (U.S.)
  • Owens Corning Corp (U.S.)
  • BASF SE (Germany)
  • Saint-Gobain (France)

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Scope of the Study: The report covers quantitative analysis including values ($M) and volumes (KT) as well as qualitative analysis of the following:

  • Market potential of several materials and end users at global, regional and country level
  • Various insulation materials in different applications and end-users
  • Competitive landscape and growth strategies
  • Trends, drivers and opportunities impacting the growth

Why buy this report?

  • Get a detailed picture of the building insulation materials market current landscape and future growth markets.
  • Pinpoint growth sectors and identify factors driving change.
  • Understand the competitive environment, the market's major players and the leading brands.
  • A five-year forecast for the key geographic regions, countries and end applications, in order to assess how the market is predicted to develop.
  • More than 100 data tables and figures to assist in strategic decision making plans.

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IndustryARC upcoming webinar on Understanding the Future of Building Insulation Market: Comparative Insights on the Growth Potential of Wool Insulation and Plastic Foams. Click here to register

About IndustryARC:

IndustryARC is a market research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

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Source: IndustryARC