Energy Efficient Materials Market

Energy efficient materials are used for thermal insulation of buildings primarily to improve the energy utilization and efficiency in the building. These materials help in keeping the building cool from inside in summers while preserving the indoor heat during winter thus improving comfort and saving energy. Fiberglass, mineral wool, cellulose, natural fibres, polystyrene, polyisocyanurate, polyurethane, vermiculite and perlite, cementitious foam, insulated concrete forms, insulated panels are some of the type of energy efficient materials. Energy efficiency offered by these materials save money, protect the environment, and create healthy communities.

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Increasing energy consumption in the building & construction industry for various electrical appliances and peripherals and the growing awareness towards energy saving are the major factors driving the growth of the energy efficient materials market during the forecast period. These materials offer thermal insulation that help in utilising less amount of heating and cooling power in buildings to attain and preserve indoor heat and cold in winters and summers owing to which these are being increasingly used in residential and commercial sectors. Water-resistant, air leakage resistant, vapour-permeability, and lowered heating & cooling costs are some of the benefits offered by these materials. All these factors are anticipated to contribute to the growth of the market. Moreover, stringent government and environment regulations regarding energy-efficient buildings, tax credits, and other incentives given by various governments to encourage usage of energy efficient materials by builders and construction companies are anticipated to drive the energy efficient materials market growth over the forecast period. However, fluctuation in raw material prices and low awareness regarding the use of energy efficient products are expected to hamper the growth of the market.

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Based on the product type, the market is segmented into polyisocyanurate, extruded polystyrene, expanded polystyrene, fiberglass, cellulose, mineral wool, and others. Fiberglass is anticipated to grow at a higher CAGR over the forecast period. This is attributed to the remarkable properties of fiberglass that includes high thermal insulation, high mechanical strength, low maintenance, anti-magnetic, fire resistant, stability and durability. Fiberglass is being increasingly used as insulation, cladding, surface coating and roofing raw material in construction sector owing to the ability to withstand harsh weather and prevent rusting, corrosion, rotting, and reusability.

Based on application, the market is segmented into residential and commercial. The commercial segment is expected to witness a higher CAGR during the forecast period primarily due to the rise in number of commercial buildings including corporate offices, shopping malls, restaurants, hotels, theatres, sport complex, and educational institutes among other constructions. Additionally, increasing construction of energy efficient and green buildings and growing demand for energy-efficient technologies for reduce the operating energy usage are further contributing to the growth of the market.

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Based on the region, Asia-Pacific region is anticipated to dominate the energy efficient materials market during the forecast period primarily due to the growing population, rise in per capita disposable incomes, along with the increasing demand for residential and commercial buildings across the region. Additionally, growing demand for energy efficient infrastructures, coupled with the surging number of commercial and industrial buildings including shopping malls, educational institutes, factories, power plants, and other facilities in developing countries including China, Japan, India, and South Korea are further propelling the demand of energy efficient materials, thereby, driving the growth of the market in the region. On the other hand, Europe is projected to witness faster CAGR owing to the high disposable income of the population and growing awareness about energy efficiency. Rapid economic development and increased standard of living are further supporting the market growth in the region. Moreover, energy efficient materials solutions are highly used in the residential buildings, commercial structures, healthcare facilities, and industrial buildings in the region. All these factors are expected to propel the growth of the market in the region.

Various notable players operating in the global Energy Efficient Materials market include PPG Industries, Inc., AGC, Inc., Saint-Gobain, Cornerstone Industrial Minerals Corporation, BASF SE, Loyal Group, INEOS Group, LG Chem, Ltd., Owens Corning, and Solvay Group among other companies. 

Key Developments:

• • In 2018, Owens Corning, one of the leading global producer of glass fibre, entered into technology licensing and manufacturing supply agreements with Taiwan Glass Ind. Corp, a producer of yarns and high-quality glass fibre. Through this agreement, the Owens Corning increased the fiberglass production capacity and leveraged the manufacturing platform of Taiwan Glass Ind. Corp. to produce a mix of products for thermoplastic and thermoset applications.
  • In 2018, Owens Corning acquired Paroc Group, one of the leading producer of mineral wool insulation for building and technical applications in Europe. The main objective of this acquisition was to enhance the product portfolio of Owens Corning in the global mineral wool business and the energy efficient materials market.

The global Energy Efficient Materials market has been segmented on the basis of product type, application, and region. Based on the product type, the market is segmented into polyisocyanurate, extruded polystyrene, expanded polystyrene, fiberglass, cellulose, mineral wool, and others. Based on application, the market is segmented into residential and commercial.

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Key questions answered in this research report:

• • At what pace is global Energy Efficient Materials market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Energy Efficient Materials market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Energy Efficient Materials market?
  • Which product type generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
  • What are the various applications of global Energy Efficient Materials market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Energy Efficient Materials Market by Product Type

• • Polyisocyanurate
  • Extruded Polystyrene
  • Expanded Polystyrene
  • Fiberglass
  • Cellulose
  • Mineral Wool
  • Others

Global Energy Efficient Materials Market by Application

• • Residential
  • Commercial

Global Energy Efficient Materials Market by Region

• • North America Energy Efficient Materials Market (Option 1: As a part of the free 25% customization)
    • North America Energy Efficient Materials Market by Product Type
    • North America Energy Efficient Materials Market by Application
    • US Energy Efficient Materials Market All-Up
    • Canada Energy Efficient Materials Market All-Up
  • Europe Energy Efficient Materials Market (Option 2: As a part of the free 25% customization)
    • Europe Energy Efficient Materials Market by Product Type
    • Europe Energy Efficient Materials Market by Application
    • UK Energy Efficient Materials Market All-Up
    • Germany Energy Efficient Materials Market All-Up
    • France Energy Efficient Materials Market All-Up
    • Spain Energy Efficient Materials Market All-Up
    • Rest of Europe Energy Efficient Materials Market All-Up
  • Asia-Pacific Energy Efficient Materials Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Energy Efficient Materials Market by Product Type
    • Asia-Pacific Energy Efficient Materials Market by Application
    • China Energy Efficient Materials Market All-Up
    • India Energy Efficient Materials Market All-Up
    • Japan Energy Efficient Materials Market All-Up
    • Rest of APAC Energy Efficient Materials Market All-Up
  • RoW Energy Efficient Materials Market (Option 4: As a part of the free 25% customization)
    • RoW Energy Efficient Materials Market by Product Type
    • RoW Energy Efficient Materials Market by Application
    • Brazil Energy Efficient Materials Market All-Up
    • South Africa Energy Efficient Materials Market All-Up
    • Saudi Arabia Energy Efficient Materials Market All-Up
    • UAE Energy Efficient Materials Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Energy Efficient Materials Market All-Up

Global Energy Efficient Materials Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • PPG Industries, Inc. 
  • AGC, Inc.
  • Saint-Gobain
  • Cornerstone Industrial Minerals Corporation
  • BASF SE
  • Loyal Group
  • INEOS Group
  • LG Chem, Ltd.
  • Owens Corning
  • Solvay Group