Global Roof Insulation Market, By Product Type (Batts and Rolls, Rigid Insulation, Reflective Systems, Others), Material (Glass Wool, Stone Wool, Plastic Foam, Others), Application (Flat Roofs, Pitched Roof) – Industry Trends and Forecast to 2029
Market Analysis and Size
Roof insulation is considered ideal for insulating any home or industrial premises. These are gaining high prominence as they offer higher thermal resistance along with multiple benefits such as applying it over the roof as well as under roof. Organizations in the U.K. and Canada are actively seeking to install new roof insulations as part of the remodeling plan for their buildings.
Global Roof Insulation Market was valued at USD 10.86 billion in 2021 and is expected to reach USD 15.92 billion by 2029, registering a CAGR of 4.90% during the forecast period of 2022-2029. Glass Wool accounts for the largest product type segment in the respective market owing to its excellent mechanical and thermal properties. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Roof insulation refers to a material combination of two or more materials that are used for avoiding eat gain or heat loss in order to save energy. The materials are accessible in any size or shape in accordance with different applications. Roof insulation functions as an obstruction for heat loss and heat gain, especially in roofs and ceilings.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Batts and Rolls, Rigid Insulation, Reflective Systems, Others), Material (Glass Wool, Stone Wool, Plastic Foam, Others), Application (Flat Roofs, Pitched Roof)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, and Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, and Rest of Middle East and Africa (MEA).
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Market Players Covered
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BASF SE (Germany), ROCKWOOL International A/S (Denmark), Saint-Gobain Group (France), Owens Corning (US), Knauf Insulation Technical Solutions (US), Kingspan Group (Ireland), Armacell,L'ISOLANTE K-FLEX S.p.A. (Italy), Morgan Advanced Materials (UK), Etex Headquarters (Belgium), Aspen Aerogels, Inc. (US), Johns Manville (US), Zotefoams plc (UK), Recticel NV (Belgium), NMC sa (Belgium) , and Unifrax (US), among others
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Market Opportunities
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Roof Insulation Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rise in Energy-Conserving
The rise in demand for energy-conserving and smart materials across construction sector acts as one of the major factors driving the growth of roof insulation market. Insulation materials assist in preventing the transfer of heat, electricity and sound from one side to another.
- Government Initiatives
The increase in the various government initiatives undertaken by governing agencies to enhance energy efficiency of public infrastructure accelerate the market growth. The increase in the adoption of roof insulation across infrastructures and buildings assists in the expansion of the market.
- Increase in Demand for Energy Efficiency
The rise in emphasis on the importance for energy efficiency due to the increasing energy costs over the next years further influences the market. Also, increase in remodeling of old buildings and infrastructures assist in the expansion of the market.
Additionally, the surge in investments, expansion of manufacturing industries, usage in consumer goods packaging and rapid industrialization positively affect roof insulation market.
Opportunities
Furthermore, advancements in the materials and techniques extend profitable opportunities to the market players 2022 to 2029. Also, surge in investments by government will further expand the market.
Restraints/Challenges faced by the Roof Insulation Market
On the other hand, lack of awareness and fluctuations in raw material prices are expected to obstruct the market growth. Also, slow growth rate of construction sector especially due to COVID-19 is projected to challenge the roof insulation market.
This roof insulation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the roof insulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 had a minimal Impact on Roof Insulation Market
COVID-19 had a negative impact on various industries including roof insulation market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The roof insulation industry faced huge problems due to the shortage of laborers declining the low production. The demand for roof insulation was witnessed due to the limited production and shut down of industries, such as construction. However, the roof insulation market is expected to witness growth in demand after the post-covid-19 situation.
Global Roof Insulation Market Scope
The roof insulation market is segmented on the basis of product type, material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Batts and Rolls
- Rigid Insulation
- Reflective Systems
- Others
Material
- Glass Wool
- Stone Wool
- Plastic Foam
- Others
Application
- Flat Roofs
- Pitched Roof
Roof Insulation Market Regional Analysis/Insights
The roof insulation market is analysed and market size insights and trends are provided by country, product type, material and application as referenced above.
The countries covered in the roof insulation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific (APAC) dominates the roof insulation market because of the low cost of setting manufacturing unit, availability of cheap labour and less operational cost within the region.
Europe are expected to witness a steady rate during the forecast period of 2022 to 2029 due to the increase in remodeling of old infrastructure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Roof Insulation Market Share Analysis
The roof insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to roof insulation market.
Some of the major players operating in the roof insulation market are
- BASF SE (Germany)
- ROCKWOOL International A/S (Denmark)
- Saint-Gobain Group (France)
- Owens Corning (US)
- Knauf Insulation Technical Solutions (US)
- Kingspan Group (Ireland)
- Armacell,L'ISOLANTE K-FLEX S.p.A. (Italy)
- Morgan Advanced Materials (UK)
- Etex Headquarters (Belgium)
- Aspen Aerogels, Inc. (US)
- Johns Manville (US)
- Zotefoams plc (UK)
- Recticel NV (Belgium)
- NMC sa (Belgium)
- Unifrax (US)
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