Insulation Boards Market

Discover the latest trends and opportunities in the Insulation Boards Market, including market size, share, and growth potential

Keeping it Cool: Innovations in Insulation Boards

Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-22970 Format: PDF Pages: 300

Report Highlights

According to a research survey conducted by ChemView Consulting, Insulation Boards Market is estimated to be worth US$ 65.72 Bn in 2023. The market is expected to grow at a CAGR of 6.50% between 2023 and 2033 to hit US$ 123.38 Bn by 2033 end.

Key Market Trends

Smart Insulation Boards: Revolutionizing Energy Efficiency

As concerns about climate change continue to grow, there is an increasing need for buildings to become more energy efficient. Smart insulation boards could help meet this need by integrating technology that allows for more precise control over the thermal performance of a building envelope. These boards could include sensors that monitor temperature, humidity, and other variables, as well as actuators that can adjust the insulation properties of the board in response to changing conditions. This would allow for more efficient use of heating and cooling systems, resulting in lower energy costs and reduced carbon emissions.

Nanotechnology in Insulation: Stronger, Thinner, and More Effective

Nanotechnology has the potential to revolutionize many industries, and the insulation market is no exception. By incorporating nanoparticles into insulation boards, manufacturers could create materials that are stronger, thinner, and more effective at reducing heat transfer than traditional insulation products. For example, adding nanoparticles of aerogel to insulation boards could increase their insulating properties while reducing their thickness and weight. This could be particularly useful in applications where space is limited, such as in aircraft or spacecraft, or in building retrofits where it may be difficult to add thicker layers of insulation.

Market Drivers

Growing Demand for Energy-Efficient Buildings to Drive the Insulation Boards Market

The insulation boards market is poised to grow significantly over the coming years, driven primarily by the growing demand for energy-efficient buildings. With an increasing focus on reducing carbon emissions, governments and building owners are looking for ways to improve energy efficiency in their buildings. Insulation boards play a critical role in achieving this goal by reducing heat loss in winter and heat gain in summer, thereby lowering energy consumption and costs.

Rising Popularity of Prefabricated Buildings to Boost the Insulation Boards Market

The demand for prefabricated buildings has been steadily increasing over the years, and this trend is expected to continue in the coming years. This is primarily due to the numerous advantages that prefabricated buildings offer, such as speed of construction, cost-effectiveness, and flexibility in design. Insulation boards are an integral component of prefabricated buildings, as they provide excellent thermal insulation, soundproofing, and fire resistance. As the popularity of prefabricated buildings grows, so does the demand for insulation boards.

Segmentation Insights

After conducting a thorough analysis of the Insulation Boards Market, we have identified the top three trending segments in the industry. These segments are experiencing high demand, strong market growth, and widespread adoption.

Most Popular (Fastest Growth Rate)

Polyurethane (PUR) Insulation Boards (Roof Insulation)

Polyurethane (PUR) Insulation Boards have emerged as the most popular choice in the Insulation Boards Market for Roof Insulation. These boards offer excellent insulation performance, durability, and lightweight properties, making them an ideal choice for use in a wide range of roofing applications. The high-performance and energy efficiency of PUR Insulation Boards make them the preferred choice for consumers seeking sustainable solutions in the construction industry.

Most Selling (Largest Market Share)

Polyisocyanurate (PIR) Insulation Boards (Wall Insulation)

Polyisocyanurate (PIR) Insulation Boards are the most selling product in the Insulation Boards Market for Wall Insulation. These boards offer superior thermal insulation, fire resistance, and soundproofing properties, making them ideal for use in walls of buildings and homes. The high-quality performance and energy-saving features of PIR Insulation Boards make them the go-to choice for consumers seeking reliable and effective insulation solutions.

Trending (Gaining Traction)

Extruded Polystyrene (XPS) Insulation Boards

Extruded Polystyrene (XPS) Insulation Boards are gaining significant traction in the Insulation Boards Market for Floor Insulation. These boards offer exceptional compressive strength, moisture resistance, and thermal insulation properties, making them ideal for use in floor insulation applications. The high-performance and durability of XPS Insulation Boards make them the trending choice for consumers seeking cost-effective and efficient insulation solutions.

Regional Insights

Infrastructure Development Projects to Propel Asia Pacific Insulation Boards Market Growth

The Asia Pacific insulation boards market is set to grow rapidly due to the increasing number of infrastructure development projects in the region. Insulation boards are widely used in infrastructure projects such as highways, airports, and railways to enhance their energy efficiency and reduce their carbon footprint. The growing focus on sustainable infrastructure development has created a significant demand for high-quality insulation materials.

Stringent Building Codes and Standards Driving the North America Insulation Boards Market

The North America insulation boards market is witnessing significant growth due to the implementation of stringent building codes and standards. Governments across the region are mandating the use of energy-efficient building materials to reduce energy consumption and meet their sustainability targets. As a result, the demand for insulation boards is on the rise, as they provide an effective solution to improve the energy efficiency of buildings.

Report Includes

Research Scope/Taxonomy
Market Analysis by Material type:

  • Polyurethane (PUR)
  • Polyisocyanurate (PIR)
  • Extruded Polystyrene (XPS)
  • Expanded polystyrene (EPS)
  • Concrete Based
  • Calcium Silicates

Market Analysis by Density:

  • Low Density
  • Medium Density
  • High Density

Market Analysis by Application:

  • Wall Insulation
  • Roof Insulation
  • Floor Insulation

Market analysis by region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • East Asia
  • South Asia & Pacific

Analyst Credentials

Key Companies Profiled

  • ABB
  • The Dow Chemical
  • Weidmann
  • Taizhou Xinyuan
  • Kingspan Insulation
  • INSUboard
  • Icopal Ltd.
  • Fibretex India Private Limited
  • Johns Manville
  • Polyform
  • Xtratherm Ltd.
  • EcoTherm Insulation
  • Ballytherm Ltd.

1.1. Global Market Snapshot

1.2. Key Success Factors

1.3. Strategic Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

3.1. Preliminary Investigation & Research Design

3.2. Secondary Research & Primary Research

3.3. Data Analysis & Econometric Modelling

3.4. Expert Data Validation

4.1. Supply-Side Trends

4.2. Demand-Side Trends

5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032

5.2. Incremental $ Opportunity Index, 2022-2032

5.3. Global Market Volume (Tons) Analysis, 2017 – 2032

6.1. Regional Level Pricing Analysis and Forecast

6.1.1. Manufacturers Level Pricing

6.1.2. Distributor Level Pricing

6.2. Global Pricing Analysis Benchmark

6.3. Cost Breakdown Analysis

7.1. Cross Analysis of DensityW.R.T. Product Type

8.1. Regional Supply Vs. Demand Gap Assessment

8.2. Top Producing Countries Analysis

9.1. Macroeconomic Factors

9.2. Forecast Factors

9.3. Market Dynamics

9.3.1. Driver

9.3.2. Restraint

9.3.3. Opportunity

9.4. Supply Chain Analysis

9.4.1. List Raw Material Suppliers

9.4.2. List of Manufacturers

9.4.3. List of Distributors

9.4.4. List of End-Users

9.4.5. End-Users Consumption Analysis

9.4.6. Average Profitability Margin Analysis

9.5. Covid-19 Impact Assessment

9.5.1. Economy/Cluster Projections

9.5.2. Covid-19 Economic Assessment

9.5.3. Impact on Target Market

9.5.4. Recovery Scenario

9.6. Regulatory Framework

9.6.1. Regulations of Key Countries

9.6.2. Potential Impact of Regulations

9.7. Porter’s Five Forces Analysis

9.8. Technology Landscape

10.1. Introduction

10.2. Key Market Trends

10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Material type [Value (US$ Mn) and Volume (Tons) Analysis]

10.3.1. Polyurethane (PUR)

10.3.2. Polyisocyanurate (PIR)

10.3.3. Extruded Polystyrene (XPS)

10.3.4. Expanded polystyrene (EPS)

10.3.5. Concrete Based

10.3.6. Calcium Silicates

10.4. Market Attractiveness Analysis by Material type

11.1. Introduction

11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Density [Value (US$ Mn) and Volume (Tons) Analysis]

11.2.1. Low Density

11.2.2. Medium Density

11.2.3. High Density Nuclear

11.3. Market Attractiveness Analysis by Density

12.1. Introduction

12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]

12.2.1. Wall Insulation

12.2.2. Roof Insulation

12.2.3. Floor Insulation

12.3. Market Attractiveness Analysis by Application

13.1. Introduction

13.2. Key Market Trends

13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]

13.3.1. North America

13.3.2. Latin America

13.3.3. Europe

13.3.4. Asia-Pacific

13.3.5. Middle East

13.3.6. Africa

13.4. Market Attractiveness Analysis by Region

14.1. Introduction

14.2. Key Market Trends

14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

14.3.1. By Country U.S. Canada

14.3.2. By Material type

14.3.3. By Density

14.3.4. By Application

14.4. Market Attractiveness Analysis

14.4.1. By Country

14.4.2. By Material type

14.4.3. By Density

14.4.4. By Application

15.1. Introduction

15.2. Key Market Trends

15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

15.3.1. By Country Brazil Mexico Rest of Latin America

15.3.2. By Material type

15.3.3. By Density

15.3.4. By Application

15.4. Market Attractiveness Analysis

15.4.1. By Country

15.4.2. By Material type

15.4.3. By Density

15.4.4. By Application

16.1. Introduction

16.2. Key Market Trends

16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

16.3.1. By Country Germany Italy France UK Spain Netherlands Norway Russia Rest of Europe

16.3.2. By Material type

16.3.3. By Density

16.3.4. By Application

16.4. Market Attractiveness Analysis

16.4.1. By Country

16.4.2. By Material type

16.4.3. By Density

16.4.4. By Application

17.1. Introduction

17.2. Key Market Trends

17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

17.3.1. By Country China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand Rest of Asia-Pacific

17.3.2. By Material type

17.3.3. By Density

17.3.4. By Application

17.4. Market Attractiveness Analysis

17.4.1. By Country

17.4.2. By Material type

17.4.3. By Density

17.4.4. By Application

18.1. Introduction

18.2. Key Market Trends

18.3. Pricing Analysis

18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

18.4.1. By Country Saudi Arabia Turkey U.A.E. Rest of the Middle East

18.4.2. By Material type

18.4.3. By Density

18.4.4. By Application

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Material type

18.5.3. By Density

18.5.4. By Application

19.1. Introduction

19.2. Key Market Trends

19.3. Pricing Analysis

19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

19.4.1. By Country South Africa Nigeria Egypt Rest of Africa

19.4.2. By Material type

19.4.3. By Density

19.4.4. By Application

19.5. Market Attractiveness Analysis

19.5.1. By Country

19.5.2. By Material type

19.5.3. By Density

19.5.4. By Application

20.1. Tier Structure Breakdown

20.2. Market Share Analysis

20.3. Production Capacity Analysis

20.4. Company Footprint Analysis

20.4.1. Product Footprint of Players

20.4.2. Regional Footprint of Players

20.4.3. Channel Footprint of Players

20.5. Brand Preference Analysis

20.6. Competition Dashboard

21.1. ABB

21.1.1. Company Overview

21.1.2. Product & Financial Portfolio

21.1.3. Manufacturing Facilities

21.1.4. Recent Developments

21.1.5. SWOT Analysis

21.1.6. Strategy Overview

21.2. BASF SE

21.3. The Dow Chemical

21.4. Weidmann

21.5. Taizhou Xinyuan

21.6. Kingspan Insulation

21.7. INSUboard

21.8. Icopal Ltd.

21.9. Fibretex India Private Limited

21.10. Johns Manville

21.11. Polyform

21.12. Xtratherm Ltd.

21.13. EcoTherm Insulation

21.14. Ballytherm Ltd.