Home » Business, Media & Communications, News & Current Affairs, Science, World » Demand for Thermal Insulation Materials to Surpass US$ 45 Billion by 2016: Report
“Thermal Insulation Material Market: Global Industry Analysis and Opportunity Assessment 2015 – 2020”
Asia Pacific Excluding Japan is the most lucrative market for thermal insulation materials. Plastic foam and fibreglass are widely used materials in thermal insulation.

Increasing focus on energy conservation is fuelling the adoption of thermal insulation materials, with global market expected to reach US$ 45 billion by 2016, up from US$ 41.8 billion in 2014. The global thermal insulation materials market is expected to amplify at a compound annual growth rate (CAGR) of over 4% through 2020. 

Government regulations and support for zero energy buildings are providing the much-needed impetus to the adoption of thermal insulation materials. Concerted Action for the Energy Performance of Buildings Directive – a joint initiative of member states of the European Union and European Commission is expected to increase the demand for thermal insulation materials in Europe. 

Spending on infrastructure is witnessing a surge, especially in the Middle East. Preparations for FIFA World Cup, scheduled to be held in Qatar in 2022, are generating high demand for thermal insulation materials and other raw materials. 

Request a Free Sample Report:

Development of smart cities is another key factor fuelling the incorporation of thermal insulation materials in the construction industry. The European Innovation Partnership on Smart Cities and Communities (EIP-SCC) is expected to provide an impetus to the thermal insulation material market. 

Although FMI maintains a positive outlook on the prospects of thermal insulation materials market, high cost and inefficient distribution channels is forecasted to create challenges for key players. 

Plastic Foam and Fibreglass Preferred Insulation Materials

Key materials used in thermal insulation include plastic foam, stone wool, and fibreglass. Among these, use of plastic foam and fibreglass is widespread, and together these are expected to account for nearly 83% of market value share in 2015. 

Fibreglass demand for thermal insulation is expected to reach US$ 18.9 billion by the end of 2016, up from US$ 17.5 billion in 2014. Use of fibreglass in residential and commercial buildings is highest in Asia Pacific, followed by Western Europe and North America. 

Browse Full: “Thermal Insulation Material Market: Global Industry Analysis and Opportunity Assessment 2015 – 2020” Market Research Report at:

Use of plastic foam for thermal insulation was worth US$ 17 billion in 2014, and FMI expects it to reach US$ 18.5 billion by the end of 2016. Changes in building codes mandating houses to be more energy efficient are driving the demand for plastic foam segment. Need to insulate pipelines and barrels that transport cryogenic gases, such as LNG is also expected to increase demand for plastic foam in the near future. 

High Demand for 1 °C to 100 °C Materials 

Thermal insulation materials are categorised on the basis temperature range. The broad categories of these materials are, 

  • -160°C to -50°C
  • -49°C to 0°C
  • 1°C to 100°C
  • 101°C to 650°C 

Demand for thermal insulation materials in the range of 1°C to 100°C is highest, with this segment expected to hold nearly 60% of the global market value share by the end of 2015. FMI expects this segment to expand at a CAGR of over 4% between 2015 and 2020. 

Get More Insights on Chemicals & Materials Market:

Asia Pacific Excluding Japan (APEJ) Most Lucrative Market

Asia Pacific Excluding Japan (APEJ) is the largest market for thermal insulation materials. The market was worth US$ 15.6 billion in 2014, and it is expected to reach US$ 17.2 billion by 2016. Demand for thermal insulation materials in China and India is expected to be worth US$ 10.5 billion. Western Europe and North America are the other key regions for thermal insulation materials. 

The key players in the thermal insulation materials market are Saint-Gobain, Kingspan Insulation, Dow Chemicals Company, Asahi Kasei Corporation, BASF, Owens Corning, Bayer AG, E.I. du Pont de Nemours and Company, Rockwool International, and Berkshire Hathaway. 

FMI Latest Insights: 

Specialty Fuel Additives Market:

Advanced Ceramics Market:

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Media Contact
Company Name: Future Market Insights
Contact Person: Sudip Saha
Email: press@futuremarketinsights.com
Phone: +1-347-918-3531
Address:616 Corporate Way, Suite 2-9018
City: Valley Cottage
State: New York
Country: United States
Website: http://www.futuremarketinsights.com/reports/thermal-insulation-material-market

Comments are closed.