Roof Insulation Market Insights | Key Players: Rockwool International A/S (Denmark), Knauf Insulation GmbH (Germany), Saint-Gobain (France), Owens Corning Corporation (U.S.), Berkshire Hathaway, Inc. (U.S.), BASF (Germany) & Paroc (Finland)

The report "Roof Insulation Market by Application (Flat Roof, Pitched Roof), Type (Batts & Rolls, Rigid Insulation, Spray Applied, Reflective Systems, Others), Material (Glass Wool, Stone Wool, Plastic Foam, Others), Region (Europe, North America, Asia Pacific, MEA, Latin America) - Global Forecast to 2021", The global roof insulation market is expected to reach USD 10.85 Billion by 2021, at a CAGR of 4.3% from 2016 to 2021. Key driving factor for the growth of the roof insulation market are the growth of the construction industry in the emerging economies such as China, India, Brazil, and stringent regulatory environment in the developed countries such as US, Canada, & Germany to reduce green house gas emissions.

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Browse 114 market data Tables and 50 Figures spread through 150 Pages and in-depth TOC on "Roof Insulation Market"

Roof insulation is the provision of insulation in the rooftop which helps prevent heat loss through the ceilings of an attic. It is the most cost effective measures undertaken in homes to maintain temperature levels during the extreme weather conditions. This insulation helps maintain the temperature inside the house by keeping it warm during the winters and cooler during the summers.

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The global roof insulation market is estimated to reach USD 10.85 billion by 2021 at a CAGR of 4.3% from 2016 to 2021. The key factors driving the roof insulation market are the increased infrastructural developments across the globe and government-promoted tax credits and incentives in countries such as the U.S. For instance, the U.S. Economic Stimulus Bill provides significant energy tax credits for energy efficient home improvements made during 2011.

The global roof insulation market is fragmented and is highly competitive with the presence of large number of prominent players. To achieve competitive advantage over others, companies operating in this market adopted several strategies such as expansions, new product launches, and mergers & acquisitions as the key strategies. Expansion has been the most common growth strategy adopted; the companies which adopted expansion as a key strategy include Rockwool International A/S (Denmark), Knauf Insulation GmbH (Germany), Owens Corning Corporation (U.S.), and Saint-Gobain (France). New product launch and mergers & acquisitions have been the second-most common growth strategies adopted; the players who adopted these strategies include Rockwool International A/S (Denmark), Knauf Insulation GmbH (Germany), Owens Corning Corporation (U.S.), and Saint-Gobain (France).

Rockwool International A/S (Denmark), is the leading player in the roof insulation market. The company offers wide range of roof insulations. The company serves for both the commercial and residential markets, with products for both flat roof and pitched roof applications. The company has effectively managed expansion of its existing or new facilities, development of new products, and acquisition of its sales partners to expand its product portfolio, globally. The company opened a new production line at its ROCKWOOL Group’s factory in Cigacice in Western Poland in June, 2016. Rockwool also expanded its production capacity at its plant in Bohumin, Czech Republic in December, 2015. The increase in the production capacity will strengthen the company’s presence in the roof insulation.

BASF SE (Germany) is another key player operating in this market. This company manufactures and supplies a wide range of roof insulations. The products range from performance polymers, polyurethanes, and basotect plastic foam roof insulation. BASF also serves both commercial as well as residential insulation market. The company adopted new product launches as a key growth strategy over the years. BASF launched a new XPS Styrodur® 3000 CS. Under the brand Styrodur, in January 2015. The wide range of brand & products and active operations make BASF a leading player in this market.

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The roof insulation market is estimated to reach USD 10.85 billion by 2021 at a CAGR of 4.3% from 2016 to 2021. Factors such as increased infrastructural developments across the globe and government-promoted tax credits and incentives in countries such as the U.S. are propelling the growth of this market. For instance, the U.S. Economic Stimulus Bill provides significant energy tax credits for energy efficient home improvements made during 2011.

On the basis of type, the batts & rolls segment dominates the global roof insulation market because of cheap price and easy installation and availability. However, the rigid insulation segment is anticipated to grow at a significant pace during forecast period. The growth is attributed to the superior seal, high R values, and availability.

Based on material, the glass wool segment led the market for roof insulation. Roof insulation is the provision of insulation in the rooftop which helps prevent heat loss through the ceilings of an attic. This insulation helps maintain the temperature inside the house by keeping it warm during the winters and cooler during the summers.

Most of the roof insulation manufacturers are located in the European regions with their sales presence all around the globe. Europe is currently estimated to be the largest roof insulation market in the world, however Asia-Pacific is expected to be the fastest-growing market in the coming years, in terms of value.

Presently, the roof insulation market in Asia-Pacific is at the early growth stage and is growing at a faster pace than that of other regions. Rapid urbanization and infrastructural development projects in the emerging countries, such as China, India, and Indonesia are expected to increase the demand for new commercial as well as housing projects. This is expected to consequently increase the demand for roof insulations in the region.

The global roof insulation market is fragmented and is highly competitive with the presence of large number of prominent players. BASF SE (Germany), Rockwool International A/S (Denmark), Knauf Insulation GmbH (Germany), Owens Corning Corporation (U.S.), and Saint-Gobain (France) are some of the key players operating in this market. These companies adopted various strategies such as expansions, new product launches, and mergers & acquisitions to strengthen their foothold and increase their share in this market.

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