Worldwide $74.75 Bn Insulation Market 2022 | Huntsman Corporation, Rockwool, Knauf, Johns Manville Corporation, and Saint-Gobain S.A

The Insulation Market was valued around USD 40.06 billion in 2014 and is expected to reach roughly USD 74.75 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 7.06% during the forecast years, owing to rising consumer awareness about energy conservation.

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Competitive Outlook and Trend Analysis:

The global insulation industry is distinguished by the existence of international conglomerates. Manufacturing of these materials is extremely capital-centric and thus, the hurdles to access are high. Accomplishing economies of level remains the key focal point for market participants to survive the rivalry. The market is dominated by 4 key companies by means of a very little difference in their product presentation. Due to infrastructure expansion in developing regions, key players are concentrating on attaining a first mover benefit in this profitable industry. Competition in the market is greatly impacted by ecological regulations. Major players working in the market include Huntsman Corporation, Rockwool, Knauf, Johns Manville Corporation, and Saint-Gobain S.A.

Industry Trend Analysis:

The encouraging regulatory circumstances in the majority parts of the globe, like novel building codes in the EU which necessitate amplified insulation utilization to trim down energy consumption and it is also anticipated to influence demand growth positively. Rising infrastructure expenditure in developing markets of Asia Pacific region such as China, India, Thailand, Indonesia, etc. is also anticipated to encourage growth over the next few years. Unstable prices of major raw materials are projected to pose a major challenge for market players. Raw materials like styrene that are utilized to produce plastic foams are experiencing volatility because of uncertain prices of crude oil. Such problems are projected to challenge major industry players concerning production costs and profitability. Though, in the present scenario, lesser crude oil cost is anticipated to promote the demand growth for plastic foam. Eminent level of desegregation subsists in the foamed plastic industry as the staple suppliers are incorporated ahead to produce insulation products. Key players in the global market are expected to aim for initial mover benefit in order to attain a bigger share and also enlarge the portfolio of the product. Rising expenditure on R&D by key manufacturers is predicted to have a positive impact on the global market. Top players have been concentrating on acquisitions mergers and to develop their existence in the developing regions. Huntsman acquired around 20% shares in Nippon Aqua Co. Ltd. in accordance strengthen grip in the East Asian market during 2013.

Product Outlook and Trend Analysis:

In 2015, the largest product used was Foamed plastic and was reported for around 45% of the overall revenue. Foamed plastic is extensively employed for acoustic as well as thermal insulations in non-residential and residential applications owing to its elevated insulation rate. Plastic foam material demand is also likely to initiate from freezers and refrigerators. Fiberglass is also a type of insulation material that will find a rise in demand from the recoiling construction segment in Canada and U.S. The product is extensively utilized in North America owing to its beneficial properties such as ease of installation and low cost and is hence favored by DIYers. Increasing demand, particularly for thermal insulations mainly used for energy proficient applications, is projected to fuel the total growth of product sector.

The global insulation market is segmented as follows –

By Product type:

Fiberglass
Plastic Foam
Mineral Wool
Other Product Types
By Application
Residential Construction
Industrial, HVAC, and OEM
Nonresidential Construction

Application Outlook and Trend Analysis:

The residential application section is expected to rule the market and is estimated to reach a substantial amount by the end of forecast period. Rising need for thermal insulation for households in North America and Europe is predicted to fuel the growth of the applications. The United States Dept. of Energy initiative through Weatherization Assistance Program (WAP) to amend the energy competence of low-income houses by federal financial support is anticipated to impact the insulation demand in residential construction positively. Increasing residential infrastructure segment around developing region is likely to further balance the market growth during the forecast years. Rising urbanization in developing countries of Asia Pacific region has amplified the need for improved public and commercial infrastructure. This trend together with encouraging regulations concerning the energy competence of these buildings is anticipated to fuel insulation requirement in non-residential building application during the forecast years.

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By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Regional Outlook and Trend Analysis:

Asia Pacific regional insulation market directed the global market and reported for around 40% of overall revenue in 2015 globally. The local market is distinguished by elevated insulation requirement in commercial and residential buildings. Eminent industrialization rates together with amplified construction expenditure in developing countries like India and China along with Thailand, Indonesia, Philippines, and Malaysia have impelled the need for improved infrastructure. Increasing thermal insulation demand in commercial and residential buildings is anticipated to be a key driving factor for the demand from North American region. Rising awareness amongst customers about regulatory policies and energy conservation to cut down greenhouse gas discharges is anticipated to impact the regional market growth positively. North America’s regional insulation market growth will be prejudiced by initiatives taken by the government like Weatherization Assistance Program that encourages thermal insulation, particularly in low-income households. The regional market growth for thermal insulation can also be assigned to the demand of insulation material for construction restoration.

List of Tables:

Table 1.Insulation Market, By Product Type ($Million), 2014-2022
Table 2.Fiberglass Market, By Region ($Million), 2014-2022
Table 3.Plastic Foam Market, By Region ($Million), 2014-2022
Table 4.Mineral Wool Market, By Region ($Million), 2014-2022
Table 5.Other Product Types Market, By Region ($Million), 2014-2022
Table 6.Insulation Market, By Application ($Million), 2014-2022
Table 7.Residential Construction Market, By Region ($Million), 2014-2022
Table 8.Industrial, HVAC, and OEM Market, By Region ($Million), 2014-2022
Table 9.Nonresidential Construction Market, By Region ($Million), 2014-2022
...

List of Figures:

Figure 1.Insulation Market Share, By Product Type, 2014 & 2022 ($Million)
Figure 2.Insulation Market, By Application, 2014 & 2022 ($Million)
Figure 3.Insulation Market, By Region, 2016, ($Million)
Figure 4.Huntsman Corporation: Net Revenues, 2014-2016 ($Million)
Figure 5.Huntsman Corporation: Net Revenue Share, By Segment, 2016
Figure 6.Huntsman Corporation: Net Revenue Share, By Geography, 2016
Figure 7.NOVA Chemicals Corporation: Net Revenues, 2014-2016 ($Million)
...

Also, key Insulation market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered.

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Reason to Buy -

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the Insulation market, thereby allowing players to develop effective long term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Continued…

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