Thermal Insulation Material Market: Global Industry Analysis and Opportunity Assessment 2015 - 2020

  • Published: 2015-07-15
  • Report Code: REP-GB-660

An Incisive, In-depth Analysis on the Thermal Insulation Material Market

This study offers a comprehensive, 360 degree analysis on the Thermal Insulation Material market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Thermal Insulation Material market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Thermal insulation materials are used to restrict flow of heat energy from high temperature to low temperature. Thermal insulation material is used across most industries to decrease energy consumption and to ensure a desired temperature is maintained in an area without need for additional cooling or heating equipment. Thermal insulation materials are primarily used in the construction industry. Globally, buildings account for one-third of the total energy consumed, of which approximately 50% is utilised for heating and cooling of buildings. This material is used in the construction industry primarily to maintain ambient temperature, i.e. 1°C to 100°C. 

Global thermal insulation material market is projected to expand at a CAGR of 4.2% during the forecast period, accounting for US$ 53,286.81 Mn by 2020.

Drivers & Trends

Construction sector output, manufacturing industry output, construction industry spending and urbanisation trend are some of the macro-economic drivers of the market. Developed economies such as North America and Europe have formulated regulations concerning energy-efficient buildings and according to Concerted Action Energy Performance of Buildings (a joint initiative program of member states of European Union and European Commission), approximately all new buildings constructed in member states by 2020 should comply with zero-energy standards. Even governments in emerging countries are actively promoting the use of thermal insulation material. In 2014 for instance, Andhra Pradesh (India) adopted Energy Conservation Building Code (ECBC), under which commercial and public buildings in the state are expected to cut costs and slash energy usage by 40% to 60% through use of green building materials. Such regulations and initiatives are identified as underlying driving factors of the market. However, there are few challenges facing the thermal insulation industry such as low awareness of thermal insulation material in emerging economies and high capital cost of thermal insulation in buildings.

Global Thermal Insulation Material Market Value Split, By Region, 2015 and 2020

Thermal Insulation Material Market

 Source: FMI 2015

Thermal Insulation Material – Market Taxonomy

Future Market Insights, in its report titled Thermal Insulation Material Market – Global Industry Assessment and Forecast; 2015–2020, has segmented the market into various segments considering geography, material types and temperature range as the basis for segmentation.

Geographical segmentation includes North America, Asia Pacific except Japan, Latin America, Japan, Western Europe, Eastern Europe and Middle East & Africa. On the basis of material types, thermal insulation material market segmentation includes stone wool, fibreglass, plastic foam and other thermal insulation materials. Additionally, FMI has highlighted growth in the market using absolute dollar opportunity, which is critical in accessing the level of opportunity that an enterprise can achieve, as well as to identify potential resources from both sales and delivery perspectives.

Analysis by Temperature Range

From temperature range perspective, thermal insulation material application for 1°C to 100°C temperature range is estimated to register highest growth during the forecast period at a CAGR of 4.6%. Thermal insulation material application for −160°C to −50°C temperature range is majorly used in petrochemicals industry for storage of cryogenic gases. Increasing demand for LNG, cryogenic gas in emerging economies such as Asia Pacific is expected to fuel demand for thermal insulation material.

This report by Future Market Insights (FMI) examines the 'Global Thermal Insulation Material Market’ for the period, 2015 - 2020. The primary objective of the report is to offer updates and invaluable insights on thermal insulation material market globally. Demand for thermal insulation material in Asia and Middle East Asia & Africa is anticipated to witness substantial growth, accounting for around 40% market share.

Thermal insulation materials are used to restrict flow of heat energy from high temperature to low temperature. Thermal insulation material is used in almost every industry in order to decrease energy consumption and to maintain desired temperature in an area. Thermal insulation materials are primarily used in the construction industry. Globally, buildings account for one-third of the total energy consumed, of which approximately 50% is utilised in heating and cooling of a building. The construction industry mainly uses thermal insulation material to maintain ambient temperature, i.e. 1°C to 100°C.

The report is split into three sections namely material types, temperature range and regions in order to understand and assess the opportunities in this market and analyse the global thermal insulation material market in terms of value (US$ Mn).

The report starts with an introduction of thermal insulation material along with its historical background, followed by an overview of construction sector output across the globe. In the same section, FMI covers thermal insulation material market revenue and value chain analysis. In addition, this section also includes FMI’s analyses of key trends, drivers and restraints from the supply and demand perspective. 

The subsequent section analyses the global market for thermal insulation material on the basis of material types, temperature range and geography for the forecast period 2015 - 2020.

The material types covered in the report are:

  • Stone Wool
  • Fibre Glass
  • Plastic Foam
  • Other Thermal Insulation Material

After having covered the product type based segments in the above section, the report, in its next section focuses on segmenting and analyzing the market on the basis of temperature range.

The temperature range covered in the report include:

  • −160?C to −50? C
  • −49? C to 0? C
  • 1? C to 100? C
  • 101? C to 650? C

Last segmentation covered in the report is on the basis of geography.

The various regions covered in the report include:

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

The data points such as regional split and market split by material types and temperature range and qualitative inputs from primary respondents have been incorporated to arrive at approximate market estimates. The forecast presented here assesses total revenue of the thermal insulation material market. When analyzing the market, the starting point is current market sizing and study of past trends, which forms the basis to forecast how the market is likely to perform in the near future. Given the characteristics of the market, we have triangulated the outcome based on analysis of the supply side, demand side and dynamics of the thermal insulation material market. However, quantifying the market across aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global thermal insulation material market.

As previously highlighted, the market for thermal insulation material globally is split into various categories based on region, material type and temperature range. All these segments or categories have been analysed in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to growth. This detailed level of information is important for identification of various key trends in the global thermal insulation material market.

Also, another key feature of this report is the analysis of the global thermal insulation material market by regions, material type and applications in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global thermal insulation material market.

Furthermore, to understand key growth segments in terms of growth & performance of the thermal insulation material market, Future Market Insights has developed a market attractiveness index. The resulting index should help providers identify realistic market opportunities.

The last section of the global thermal insulation material market report provides detailed profiles of key industry players in order to evaluate their long-term and short-term strategies, key offerings and recent developments in the thermal insulation material market.

Some market players featured in the section include:

  • Saint Gobain S.A.
  • Kingspan Group
  • Dow Chemicals Company
  • Asahi Kasei Corporation
  • BASF SE
  • Owens Corning
  • Bayer AG
  • E. I. du Pont de Nemours and Company
  • Rockwool International
  • Berkshire Hathaway

Thermal Insulation Material Market Reports - Table of Contents

Thermal Insulation Material Market Reports - List of Tables

Table 01: Examples Of Thermal Insulation Material Uses In The Construction Industry

Table 02: Global Thermal Insulation Material Market Value (US$ Mn) By Material Types, 2015 – 2020

Table 03: Fibreglass Material Market Segment Value (US$ Mn) By Geography, 2015 – 2020

Table 04: Plastic Foam Material Market Segment Value (US$ Mn) By Geography, 20165 – 2020

Table 05: Stone Wool Material Market Segment Value (US$ Mn) By Geography, 2015 – 2020

Table 06: Other Thermal Insulation Material Market Segment Value (US$ Mn) By Geography, 2015 – 2020

Table 07: Global Thermal Insulation Material Market Value (US$ Mn) By Temperature Range, 2015 - 2020

Table 08: Thermal Insulation Material Market Segment Value (US$ Mn) By Geography For −160?C to −50?C Temperature Range, 2015 – 2020

Table 09: Thermal Insulation Material Market Segment Value (US$ Mn) By Geography For −49?C to −0?C Temperature Range, 2015 – 2020

Table 10: Thermal Insulation Material Market Segment Value (US$ Mn) By Geography For 1?C to 100?C Temperature Range, 2015 – 2020

Table 11: Thermal Insulation Material Market Segment Value (US$ Mn) By Geography For 101?C to 650?C Temperature Range, 2015 – 2020

Table 12: Global Thermal Insulation Material Market Segment Value (US$ Mn) By Geography, 2015 – 2020

Table 13: APEJ Thermal Insulation Material Market Value (US$ Mn) By Material Types, 2015 – 2020

Table 14: APEJ Thermal Insulation Material Market Value (US$ Mn) By Temperature Range, 2015 – 2020

Table 15: APEJ Thermal Insulation Material Market Value (US$ Mn) By Country, 2015 – 2020

Table16: Western Europe Thermal Insulation Material Market Value (US$ Mn) By Material Types, 2015 – 2020

Table 17: Western Europe Thermal Insulation Material Market Value (US$ Mn) By Temperature Range, (2015 – 2020)

Table 18: Western Europe Thermal Insulation Material Market Value (US$ Mn) By Country, (2015 – 2020)

Table 19: North America Thermal Insulation Material Market Value (US$ Mn) By Temperature Range, 2015 – 2020

Table 20: North America Thermal Insulation Material Market Value (US$ Mn) By Material Types, 2015 – 2020

Table 21: North America Thermal Insulation Material Market Value (US$ Mn) By Country, 2015 – 2020

Table 22: Eastern Europe Thermal Insulation Material Market Value (US$ Mn) By Material Types, 2015 – 2020

Table 23: Eastern Europe Thermal Insulation Material Market Value (US$ Mn) By Temperature Range, (2015 – 2020)

Table 24: Eastern Europe Thermal Insulation Material Market Value (US$ Mn) By Country, (2015 – 2020)

Table 25: Japan Thermal Insulation Material Market Value (US$ Mn) By Material Types, 2015 – 2020

Table 26: Japan Thermal Insulation Material Market Value (US$ Mn) By Temperature Range, 2015 – 2020

Table 27: Middle East & Africa Thermal Insulation Material Market Value (US$ Mn) By Material Types, 2015 – 2020

Table 28: Middle East & Africa Thermal Insulation Material Market Value (US$ Mn) By Temperature Range, 2015 – 2020

Table 29: Middle East & Africa Thermal Insulation Material Market Value (US$ Mn) By Country, 2015 – 2020

Table 30: Latin America Thermal Insulation Material Market Value (US$ Mn) By Material Types, 2015 – 2020

Table 31: Latin America Thermal Insulation Material Market Value (US$ Mn) By Temperature Range, (2015 – 2020)

Table 32: Latin America Thermal Insulation Material Market Value (US$ Mn) By Temperature Range, (2015 -2020)

Thermal Insulation Material Market Reports - List of Figures

Figure 01: Construction Market Output, 2014–2020 (US$ Tn)

Figure 02: Construction Market Output Y-o-Y Growth By Geography

Figure 03: Global Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 04: Thermal Insulation Material Absolute $ Opportunity, (2015–2020)

Figure 05: Global Construction Industry Spending Y-o-Y growth By Geography, 2014–2020

Figure 06: Global LNG Demand, 2010–2020 (Bn Cubic Metres)

Figure 07: Crude Oil Prices, 2014–2020 (US$ per Barrel) & Y-o-Y Growth (%)

Figure 08: Global Thermal Insulation Material Market Value Share By Material Type, 2015–2020 (%)

Figure 09: Global Thermal Insulation Material Market Y-o-Y Growth Rate By Material Type, 2015–2020 (%)

Figure 10: Fibreglass Segment Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 11: Fibreglass Segment Absolute $ Opportunity, 2015–2020

Figure 12: Plastic Foam Segment Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 13: Plastic Foam Segment Absolute $ Opportunity, 2015–2020

Figure 14: Stone Wool Segment Market Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 15: Stone Wool Segment Absolute $ Opportunity, 2015–2020

Figure 16: Others Segment Market Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 17: Others Segment Absolute $ Opportunity, 2015–2020

Figure 18: Global Thermal Insulation Material Market Attractiveness Index By Material Types

Figure 19: Global Thermal Insulation Material Market Value Share By Temperature Range, 2015–2020 (%)

Figure 20: Global Thermal Insulation Material Market Y-o-Y growth Rate Comparison By Temperature Range, 2015–2020 (%)

Figure 21: Thermal Insulation Material Market Segment For −160?C to −50?C Temperature Range Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 22: Thermal Insulation Material Market Segment For −160?C to −50?C Temperature Range Absolute $ Opportunity, 2015–2020

Figure 23: Thermal Insulation Material Segment For −49?C to 0?C Temperature Range Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 24: Thermal Insulation Material Segment For −49?C to 0?C Temperature Range Absolute $ Opportunity, 2015–2020

Figure 25: Thermal Insulation Material Segment For 1?C to 100?C Temperature Range Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 26: Thermal Insulation Material Segment For 1?C to 100?C Temperature Range Absolute $ Opportunity, 2015–2020

Figure 27: Thermal Insulation Material Segment For 101?C to 650?C Temperature Range Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 28: Thermal Insulation Material Segment For 101?C to 650?C Temperature Range Absolute $ Opportunity, 2015–2020

Figure 29: Global Thermal Insulation Material Market Attractiveness Index By Temperature Range

Figure 30: Global Thermal Insulation Material Market Value Share By Geography, 2015–2020 (%)

Figure 31: Global Thermal Insulation Material Market Y-o-Y growth Rate Comparison By Geography, 2015–2020 (%)

Figure 32: APEJ Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 33: APEJ Thermal Insulation Material Market Absolute $ Opportunity, 2015–2020

Figure 34: APEJ Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%) By Country, 2015–2020

Figure 35: APEJ Thermal Insulation Material Market Value Y-o-Y Growth Rate (%) By Country, 2015–2020

Figure 36: APEJ Thermal Insulation Material Market Attractiveness Index By Material Type

Figure 37: APEJ Thermal Insulation Material Market Attractiveness Index By Temperature Range

Figure 38: APEJ Thermal Insulation Material Market Attractiveness Index By Country

Figure 39: Western Europe Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y growth Rate (%), 2015–2020

Figure 40: Western Europe Thermal Insulation Material Market Absolute $ Opportunity, 2015–2020

Figure 41: Western Europe Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%) By Country, 2015–2020

Figure 42: Western Europe Thermal Insulation Material Market Value Y-o-Y Growth Rate (%) By Country, 2015–2020

Figure 43: Western Europe Thermal Insulation Material Market Attractiveness Index By Material Type

Figure 44: Western Europe Thermal Insulation Material Market Attractiveness Index By Temperature Range

Figure 45: Western Europe Thermal Insulation Material Market Attractiveness Index By Country

Figure 46: North America Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 47: North America Thermal Insulation Material Market Absolute $ Opportunity, 2015–2020

Figure 48: North America Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%) By Country, 2015–2020 

Figure 49: North America Thermal Insulation Material Market Value Y-o-Y Growth Rate (%) By Country, 2015–2020

Figure 50: North America Thermal Insulation Material Market Attractiveness Index By Material Type

Figure 51: North America Thermal Insulation Material Market Attractiveness Index By Temperature Range

Figure 52: North America Thermal Insulation Material Market Attractiveness Index By Country

Figure 53: Eastern Europe Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 54: Eastern Europe Thermal Insulation Material Market Absolute $ Opportunity, 2015–2020

Figure 55: Eastern Europe Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%) By Country, 2015–2020

Figure 56: Eastern Europe Thermal Insulation Material Market Value Y-o-Y Growth Rate (%) By Country, 2015–2020

Figure 57: Eastern Europe Thermal Insulation Material Market Attractiveness Index By Material Type

Figure 58: Eastern Europe Thermal Insulation Material Market Attractiveness Index By Temperature Range

Figure 59: Eastern Europe Thermal Insulation Material Market Attractiveness Index By Country

Figure 60: Japan Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 61: Japan Thermal Insulation Material Market Absolute $ Opportunity, 2015–2020

Figure 62: Japan Thermal Insulation Material Market Attractiveness Index By Material Type

Figure 63: Japan Thermal Insulation Material Market Attractiveness Index By Temperature Range

Figure 64: Middle East & Africa Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%), 2015–2020

Figure 65: Middle East & Africa Thermal Insulation Material Market Absolute $ Opportunity, 2015 – 2020

Figure 66: Middle East & Africa Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%) By Country, 2015–2020

Figure 67: Middle East & Africa Thermal Insulation Material Market Value Y-o-Y Growth Rate (%) By Country, 2015–2020

Figure 68: Middle East & Africa Thermal Insulation Material Market Attractiveness Index By Material Type

Figure 69: Middle East & Africa Thermal Insulation Material Market Attractiveness Index By Temperature Range

Figure 70: Middle East & Africa Thermal Insulation Material Market Attractiveness Index By Country

Figure 71: Latin America Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y growth Rate (%), 2015–2020

Figure 72: Latin America Thermal Insulation Material Market Absolute $ Opportunity, 2015–2020

Figure 73: Latin America Thermal Insulation Material Market Value (US$ Mn) & Y-o-Y Growth Rate (%) By Country, 2015–2020

Figure 74: Latin America Thermal Insulation Material Market Value Y-o-Y Growth Rate (%) By Country, 2015–2020

Figure 75: Latin America Thermal Insulation Material Market Attractiveness Index By Material Type

Figure 76: Latin America Thermal Insulation Material Market Attractiveness Index By Temperature Range

Figure 77: Latin America Thermal Insulation Material Market Attractiveness Index By Country

Figure 78: Global Thermal Insulation Material Market Attractiveness Index By Geography

Figure 79: Saint-Gobain S.A. Revenue & Y-o-Y Growth, 2011–2014

Figure 80: Saint-Gobain S.A. Operating & Net Margin (%), 2011–2014

Figure 81: Kingspan Group Revenue & Y-o-Y Growth, 2011–2014

Figure 82: Kingspan Group Operating & Net Margin (%), 2011–2014

Figure 83: Dow Chemicals Revenue & Y-o-Y Growth, 2011–2014

Figure 84: Dow Chemicals Operating & Net Margin (%), 2011–2014

Figure 85: Asahi Kasei Revenue & Y-o-Y Growth, 2011–2014

Figure 86: Asahi Kasei Operating & Net Margin (%), 2011–2014

Figure 87: BASF SE Revenue & Y-o-Y Growth, 2010–2013

Figure 88: BASF SE Operating & Net Margin (%), 2010–2013

Figure 89: Owens Corning Revenue & Y-o-Y Growth, 2011–2014

Figure 90: Owens Corning Operating & Net Margin (%), 2011–2014

Figure 91: Bayer AG Revenue & Y-o-Y Growth, 2011–2014

Figure 92: Bayer AG Operating & Net Margin (%), 2011–2014

Figure 93: E. I. du Pont de Nemours and Company Revenue & Y-o-Y Growth, 2011–2014

Figure 94: E. I. du Pont de Nemours and Company Operating & Net Margin (%), 2011–2014

Figure 95: Rockwool Revenue & Y-o-Y Growth, 2011–2014

Figure 96: Rockwool Operating & Net Margin (%), 2011–2014

Figure 97: Berkshire Hathaway Revenue & Y-o-Y Growth, 2011–2014

Figure 98: Berkshire Hathaway Operating & Net Margin (%), 2011–2014

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