Thermal Insulation Material Market by Type, By Temperature Range and By Region – Global Opportunities & Forecast, 2021-2028
Thermal Insulation Material Market by Type (Plastic Foam, Stone wool, Fibre glass, Others), By Temperature Range (−160 deg C to −50 deg C, − 49 deg C to 0 deg C, 1 deg C to 100 deg C, 101 deg C to 650 deg C), and By Region – Global Opportunities & Forecast, 2021-2028
Thermal Insulation Material Market is predicted to grow at faster CAGR during the forecast period due to the growing shift towards greener insulation alternatives and energy saving.
Introduction of the Thermal Insulation Material Market Report
The essential requirement in thermal insulation materials is to prevent heat transfer. Thermal insulation material helps in the reduction of heat transfer between objects in thermal contact or range of radiative influence.
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Market Dynamic
Key Drivers and Emerging Trends
The factor driving the global Thermal Insulation Material market is the rapid growth or development of the construction industry globally. In several countries, the government is actively promoting the construction of zero energy buildings, which is boosting demand for the thermal insulation material market. For instance, according to the Energy Performance of Buildings Directive, it is mandatory to construct all buildings in member states of the EU that should comply with zero-energy, which will help in the growth of thermal insulation material market.
A key emerging trend of the Thermal insulation material market is the growing shift towards greener insulation alternatives and energy saving. In addition, stringent government regulatory support in a different region to encourage the installation of thermal insulation in building for energy conservation. For instance, the US federal government offers tax relaxation on the purchase of thermal insulation material to attract people toward greener insulation.
Restraint in the Thermal Insulation Material Market
As demand grows for green construction, there is shift towards more eco-friendly alternatives such as hempcrete which is a mix of hemp fibers and cement-like binders that can serve as effective building construction. Hempcrete is used as an environmental barrier for providing resistance to heat transfer and managing moisture of the building envelope. Additionally, higher cost of thermal insulation material is expected to hinder the demand for the thermal insulation material in residence buildings resulting in slow market growth.
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Type- Segment Analysis
Based on the type, the fiberglass is expected to grow at a higher CAGR during the forecast period. The growth of fiberglass material is increasing due to its high resistance to fire and heat and offers a cheaper insulation option. Some of the leading fiberglass insulation material players are Nippon Electric Glass Co, Johns Manville Corp among others.
Temperature range – Segment Analysis
Based on the temperature range, the range between 1ºC to 100ºC is expected to grow at a higher CAGR during the forecast period owing its application in the construction industry. Growing urbanization and increasing investment in the construction industry are supporting the market growth. Additionally, temperature range between 1ºC to 100ºC are most used in flat roofs and are used in non-residential applications such as logistic centre, supermarkets, factories, airports, and others which will increase the demand in the coming years
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Regional – Segment Analysis:
Based on the region, the North American region is expected to capture a significant market share in the global Thermal Insulation Material market because of high investment in urbanization projects in the country. Development of green building projects in the region has boosted the growth of thermal insulation materials. For instance, according to the World Green Building Council, project has been launched to ensure all building are net zero carbon buildings to decarbonise environment by 2050. In addition, URSA a leading company of thermal insulation providing Net-zero, and sustainable installation of thermal.
Top Market Players
Various notable players operating in the market, include, Johns Manville. A Berkshire Hathaway Company, Saint-Gobain S.A, Kingspan Group, Knauf Insulation, Owens Corning, Huntsman International LLC, Aspen Aerogels, Inc, ROCKWOOL International A/S, URSA, Paroc Group, among others.
Key Developments:
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- In 2021, Kingspan completed the acquisition of Thermakraft Ltd, a leading manufacturer of building wraps and roofing underlay in New Zealand and Australia. Kingspan Insulation products will add Thermakraft’s range by providing next-generation insulation solutions, satisfying the need for better insulated, condensation-resistant buildings.
- In 2018, Saint-Gobain entered very high temperature thermal insulation market by acquiring German company HKO, that designs and produce a complete range of high temperature thermal insulation which covers temperature resistances between 600 and 1,000°C.
Segments covered in the Report:
The Thermal Insulation Material market has been segmented based on Type, Temperature range, and key region. Based on type market is segmented into Plastic Foam, Stone wool, Fibre glass, Others. Based on Temperature range market is segmented into −160 deg C to −50 deg C, − 49 deg C to 0 deg C, 1 deg C to 100 deg C, 101 deg C to 650 deg C. based on region Asia Pacific, Europe, North America, and RoW.
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Key questions answered in this research report:
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- At what pace is global Thermal Insulation Material market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in Thermal Insulation Material 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 Thermal Insulation Material market?
- Which Type generated maximum revenues in 2020 and identify the most promising Type during the forecast period?
- What are the various Application areas of global Thermal Insulation Material 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?
Report Coverage |
Details |
Market Base Year |
2020 |
Market Forecast Period |
2021-2028 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Type, By Temperature Range, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Johns Manville. A Berkshire Hathaway Company, Saint-Gobain S.A, Kingspan Group, Knauf Insulation, Owens Corning, Huntsman International LLC, Aspen Aerogels, Inc, ROCKWOOL International A/S, URSA, Paroc Group. among others, a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Thermal Insulation Material Market by Type
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- Plastic foam
- Stone wool
- Fiber glass
- Other
Global Thermal Insulation Material Market by Temperature Range
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- −160 deg C to −50 deg C
- − 49 deg C to 0 deg C
- 1 deg C to 100 deg C
- 101 deg C to 650 deg C
Global Thermal Insulation Material Market by Region
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- North America Thermal Insulation Material Market (Option 1: As a part of the free 25% customization)
- North America Thermal Insulation Material Market by Type
- North America Thermal Insulation Material Market by Temperature Range
- US Thermal Insulation Material Market All-Up
- Canada Thermal Insulation Material Market All-Up
- Europe Thermal Insulation Material Market (Option 2: As a part of the free 25% customization)
- Europe Thermal Insulation Material Market by Type
- Europe Thermal Insulation Material Market by Temperature Range
- UK Thermal Insulation Material Market All-Up
- Germany Thermal Insulation Material Market All-Up
- France Thermal Insulation Material Market All-Up
- Spain Thermal Insulation Material Market All-Up
- Rest of Europe Thermal Insulation Material Market All-Up
- Asia-Pacific Thermal Insulation Material Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Thermal Insulation Material Market by Type
- Asia-Pacific Thermal Insulation Material Market by Temperature Range
- China Thermal Insulation Material Market All-Up
- India Thermal Insulation Material Market All-Up
- Japan Thermal Insulation Material Market All-Up
- Rest of APAC Thermal Insulation Material Market All-Up
- RoW Thermal Insulation Material Market (Option 4: As a part of the free 25% customization)
- RoW Thermal Insulation Material Market by Type
- RoW Thermal Insulation Material Market by Temperature Range
- Brazil Thermal Insulation Material Market All-Up
- South Africa Thermal Insulation Material Market All-Up
- Saudi Arabia Thermal Insulation Material Market All-Up
- UAE Thermal Insulation Material Market All-Up
- Rest of world (remaining countries of the LAMEA region) Thermal Insulation Material Market All-Up
- North America Thermal Insulation Material Market (Option 1: As a part of the free 25% customization)
Major Players Operating in the Thermal Insulation Material (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Johns Manville. A Berkshire Hathaway Company
- Saint-Gobain S.A
- Kingspan Group
- Knauf Insulation
- Owens Corning
- Huntsman International LLC
- Aspen Aerogels, Inc
- ROCKWOOL International A/S
- URSA
- Paroc Group
Frequently Asked Question About This Report
Thermal Insulation Material Market [UP2490-001001]
The key factor propelling the growth of Thermal Insulation Material Market include the rapid growth or development of the construction industry globally and the growing shift towards greener insulation alternatives and energy saving.
North American region is expected to capture a significant market share in the Thermal Insulation Material market because of high investment in urbanization projects in the country. Development of green building projects in the region has boosted the growth of thermal insulation materials.
The top players operating in Thermal Insulation Material market include Johns Manville. A Berkshire Hathaway Company, Saint-Gobain S.A, Kingspan Group, Knauf Insulation, Owens Corning, Huntsman International LLC, Aspen Aerogels, Inc, ROCKWOOL International A/S, URSA, Paroc Group, among others.
Fiberglass is expected to grow at a higher CAGR rate during the forecast period. The growth of fiberglass material is increasing due to its high resistance to fire and heat and offers a cheaper insulation option.
- Published Date: Apr-2022
- Report Format: Excel/PPT
- Report Code: UP2490-001001
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Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Thermal Insulation Material Market by Type, By Temperature Range and By Region – Global Opportunities & Forecast, 2021-2028
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