Belgium Insulation Market is projected to a substantial CAGR in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026
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Drivers: Belgium Insulation Market
- Growing renovation activities in Belgium in the residential buildings is driving the market growth
- Insulation materials increases the energy efficiency of the building
Restraints:
- Increasing raw material price
- Lack of awareness for insulation material in building and construction
Opportunities :
- Bio-based & energy efficiency foam insulation
- Advanced insulation materials for building envelopes
Challenge:
- Highly fragmented market of raw materials leads to uneven price fluctuations
Market Trends:
Belgium insulation market is segmented into three notable segments which are based on basis of material, building type and application
- On the basis of material, the market is segmented into stone wool, glass wool, PUR/PIR, XPS, EPS, bio-sourced and others. Glass wool and EPS will dominate the market followed by stone wool and PUR/PIR
- On the basis of building type, the market is segmented into residential new, residential renovation, non-residential new and non-residential renovation. Non-residential new is dominating the market
- On the basis of application, the market is segmented into wall, flat roof, pitched roof and floor and wall segment is dominating the market
Key Market Players: Belgium Insulation Market
The key market players for Belgium insulation market are Kingspan Group, Recticel NV/SA, IKO Industries Ltd., Knauf Insulation, Bauder Ltd, UNILIN, Bridgestone Corporation, SOPREMA, BASF SE, The Dow Chemical Company, Covestro AG, Huntsman International LLC, Owens Corning, Saint-Gobain, Armacell, Johns Manville, Lapolla Industries, Inc., and ICYNENE.
