Press release
Roof Insulation Market: Industry Analysis of Production, Future Demand, Research Report To 2033
Roof Insulation Market Growth
As per the report, the roof insulation market size has grown steadily in recent years. It will grow from $10.34 billion in 2023 to $10.7 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The roof insulation market size is expected to see steady growth in the next few years. It will grow to $12.55 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%.
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Increasing Residential Construction Boost Market Demand
The increasing number of residential constructions are expected to propel the growth of the roof insulation market going forward. Residential construction involves the construction of new spaces or renovation of old spaces such as buildings, apartments, and housing units that are intended for personal occupancy. Roof insulation plays a crucial role in improving energy efficiency, reducing energy costs, and providing added protection for buildings. For instance, in 2022, according to a report shared by ToolSense, an Austria-based software company related to construction, facility services, mining, agriculture, logistics, or manufacturing, the number of housing units built in 2021 was 1,337,800, a 4% rise over the previous year. Between March and July 2020, the volume of residential building rose by 275%. Therefore, the increasing number of residential constructions are driving the growth of the roof insulation market.
Foam Based Insulation Product Boost Market
Major companies operating in the roof insulation materials market are focused on innovating new technologies to sustain their position in the market. For instance, in January 2021, Armacell, a Luxembourg-based manufacturer and supplier of industrial foams and flexible insulation materials launched a new AF/ArmaFlex generation, which satisfies fire class B/BL-s2, d0 and increases fire safety in buildings. The new elastomeric foam technology increases visibility in the event of a fire, which increases the amount of time that is available to evacuate a structure. In the event of a fire, its smoke quickly spreads throughout the structure, obstructing escape and rescue routes and reducing sight. In comparison to other flexible elastomeric foam materials, AF/ArmaFlex Evo emits 50% less smoke, giving inhabitants more time to leave the structure and improving access for rescue crews.
The roof insulation market covered in this report is segmented -
1) By Type: Batts And Rolls, Rigid Insulation, Reflective system
2) By Building Type: Residential, Non-Residential
3) By Material: Glass Wool, Stone Wool, Plastic Foam, Other Materials
4) By Application: Flat Roof, Pitched Roof
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Major companies operating in the roof insulation market report are Berkshire Hathaway Inc., BASF SE, Saint-Gobain SA, Dow Inc., DuPont deNumorous Inc., Owens Corning Inc., Kingspan Group plc, Huntsman International LLC, Carlisle SynTec Systems, Cabot Corporation, Rockwool International A/S, Synthos SA, Beijing New Building Material (Group) Co Ltd., Knauf Insulation GmbH, Morgan Advanced Materials plc, Certain-teed Products Corporation., Paroc Group Oyj, IKO Industries Ltd., Atlas Roofing Corporation, Johns Manville Corp, Aspen Aerogels Inc., Guardian Building Products Inc., Lapolla Industries Inc., Atlas Molded Products, Building Products of Canada Corp, Insulation Company of America, Insulation Technology Inc., General Aniline & Film Corp, American Rockwool Manufacturing LLC, Icynene Inc., Lloyd Insulations (India) Limited, Recticel Insulation Oy Company, Soprema USA, Superglass Insulation Ltd., Technonicol Corporation, Ursa Group
Contents of the report:
1. Executive Summary
2. Roof Insulation Market Report Structure
3. Roof Insulation Market Trends And Strategies
4. Roof Insulation Market - Macro Economic Scenario
5. Roof Insulation Market Size And Growth
…..
27. Roof Insulation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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