Selbyville, Delaware, Nov. 09, 2020 (GLOBE NEWSWIRE) -- According to industry experts, worldwide residential insulation market valuation reached USD 26.12 billion in 2019, which is reckoned to multiply over the period of 2020-2025. Inflow of investments in the construction sector owing to rapid industrialization and urbanization, especially in developing nations like India and China, is the key growth driver of the industry.
The global residential insulation market report expounds various industry segments including material terrain, project type, area of building, and housing type. Moreover, to calculate the overall industry size, it investigates the key regions for business expansion, namely, North America, Europe, and Asia Pacific. Apart from this, the report aims to impart a deeper understanding of the evolving competitive landscape by delineating the various strategies employed by leading players to expand their foothold in this business sphere.
Besides, rising focus towards sustainable development is adding considerable traction to the overall residential insulation market growth. In fact, the World Green Building Council authored a position paper that stresses all new buildings, infrastructure, and renovations to have at least 40% less embodied carbon and be carbon neutral by the year 2030.
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Market segmentation:
Worldwide residential insulation industry, as per material type, is classified into mineral wool, foamed plastic, fiberglass, and others. The project types include retrofit, and new build. As per area of building, the market is bifurcated into exterior walls, roof & attic, and others. While speaking of housing class, the market is categorized into manufactured housing, multi-family, and single-family.
Regional overview:
North America, Europe, and Asia Pacific are the key contributors to global residential insulation market remuneration. As per trusted projections, Asia Pacific market will expand at a robust pace during the forecast timeframe, driven by increasing construction activities in the region. Further, escalating demand for luxury housing units, in tandem with spike in infrastructure expenditure in emerging economies are boosting the industry growth in APAC.
Competitive outlook:
Key players influencing global residential insulation industry trends are Covestro AG, CertainTeed, Huntsman Corporation, Kingspan Group plc, Johns Manville, Owens Corning, DuPont de Nemours Inc., BASF SE, American Rockwool Mfg. LLC, and Knauf Insulation.
These industry giants are leveraging several strategies such as new product launches and geographical expansions through acquisitions & mergers, to improve their standing in global residential insulation market. For instance, Rockwool International A/S, in November 2017, announced the acquisition of 97.6% share of Flumroc AG to extend its presence in Switzerland. In another major development, the same year, Johns Manville added JM CladStone Water & Fire Block insulation to its product portfolio, a non-combustible insulator based on mineral wool that exhibit high thermal efficiency, acoustics performance, and fire resistance.
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Global Residential Insulation Market Material Sub-Segments [Value (USD Million), 2015-2025]
- Foamed Plastic
- Fiberglass
- Mineral Wool
- Others
Global Residential Insulation Market Project Type Sub-Segments [Value (USD Million), 2015-2025]
- New Build
- Retrofit
Global Residential Insulation Market by Area of Building [Value (USD Million), 2015-2025]
- Attic and Roof
- Exterior Walls
- Others
Global Residential Insulation Market Housing Type Sub-Segments [Value (USD Million), 2015-2025]
- Multi-family
- Single-family
- Manufactured Housing
Global Residential Insulation Market Regional Bifurcation [Value (USD Million), 2015-2025]
North America
- United States
- Canada
Europe
- Italy
- France
- United Kingdom
- Germany
Asia Pacific
- India
- Japan
- China
- South Korea
Global Residential Insulation Market Competitive Backdrop [Value (USD Million), 2015-2025]
- Covestro AG
- CertainTeed
- Huntsman Corporation
- Kingspan Group plc
- Johns Manville
- Owens Corning
- DuPont de Nemours Inc.
- BASF SE
- American Rockwool Mfg. LLC
- Knauf Insulation
Table of Contents
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Global Residential Insulation Market: Sizing and Forecast
3.1 Market Size, By Value, Year 2015-2025
3.2 Impact of COVID-19 on Global Residential Insulation Market
4. Global Residential Insulation Market Segmentation By Material
4.1 Competitive Scenario of Global Residential Insulation: By Material
4.2 FiberglassA? Market Size and Forecast (2020-2025)
4.3 Foamed PlasticA? Market Size and Forecast (2020-2025)
4.4 Mineral woolA? Market Size and Forecast (2020-2025)
4.5 OthersA? Market Size and Forecast (2020-2025)
5. Global Residential Insulation Market Segmentation By Project Type
5.1 Competitive Scenario of Global Residential Insulation: By Project Type
5.2 New BuildA? Market Size and Forecast (2020-2025)
5.3 RetrofitA? Market Size and Forecast (2020-2025)
6. Global Residential Insulation Market Segmentation By Area of Building
6.1 Competitive Scenario of Global Residential Insulation: By Area of Building
6.2 Attic and RoofA? Market Size and Forecast (2020-2025)
6.3 Exterior wallA? Market Size and Forecast (2020-2025)
6.4 OthersA? Market Size and Forecast (2020-2025)
7. Global Residential Insulation Market Segmentation By Housing Type
7.1 Competitive Scenario of Global Residential Insulation: By Housing Type
7.2 Single-familyA? Market Size and Forecast (2020-2025)
7.3 Multi-familyA? Market Size and Forecast (2020-2025)
7.4 Manufactured HousingA? Market Size and Forecast (2020-2025)
8. Global Residential Insulation Market: Regional Analysis
8.1 Competitive Scenario of Global Residential Insulation: By Region
9. North America Residential Insulation Market: An Analysis (2020-2025)
9.1 North America Residential Insulation Market: Size and Forecast (2020-2025), By Value
9.2 Market Segmentation By Material(Fiberglass, Foamed Plastic, Mineral Wool, Others)
9.3 Market Segmentation By Manufacturing Process(Blast oxygen furnace, Electric arc furnace, Others)
9.4 Market Segmentation By Area of Building(Attic and Roof, Exterior wall, Others)
9.5 Market Segmentation By Housing Type(Single-family, Multi-family, Manufactured Housing)
10. Europe Residential Insulation Market: An Analysis (2020-2025)
10.1 Europe Residential Insulation Market: Size and Forecast (2020-2025), By Value
10.2 Market Segmentation By Material(Fiberglass, Foamed Plastic, Mineral Wool, Others)
10.3 Market Segmentation By Manufacturing Process(Blast oxygen furnace, Electric arc furnace, Others)
10.4 Market Segmentation By Area of Building(Attic and Roof, Exterior wall, Others)
10.5 Market Segmentation By Housing Type(Single-family, Multi-family, Manufactured Housing)
11. Asia Pacific Residential Insulation Market: An Analysis (2020-2025)
11.1 Asia Pacific Residential Insulation Market: Size and Forecast (2020-2025), By Value
11.2 Market Segmentation By Material(Fiberglass, Foamed Plastic, Mineral Wool, Others)
11.3 Market Segmentation By Manufacturing Process(Blast oxygen furnace, Electric arc furnace, Others)
11.4 Market Segmentation By Area of Building(Attic and Roof, Exterior wall, Others)
11.5 Market Segmentation By Housing Type(Single-family, Multi-family, Manufactured Housing)
12. Global Residential Insulation Market Dynamics
12.1 Global Residential Insulation Market Drivers
12.2 Global Residential Insulation Market Restraints
12.3 Global Residential Insulation Market Trends
13 Market Attractiveness & Strategic Analysis
13.1 Market Attractiveness
13.1.1 Market Attractiveness Chart of Global Residential Insulation Market - By Material, By Value
13.1.2 Market Attractiveness Chart of Global Residential Insulation Market - By Project Type, By Value
13.1.3 Market Attractiveness Chart of Global Residential Insulation Market - By Area of Building, By Value
13.1.4 Market Attractiveness Chart of Global Residential Insulation Market - By Housing Type, By Value
13.1.5 Market Attractiveness Chart of Global Residential Insulation Market - By Region, By Value
14. Competitive Landscape
Related Report:
Insulation Market Size, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026
Global Insulation Market is expected to exceed USD 80 billion by 2026, as per new research report. The proliferating real-estate investments globally is driving the market share. Insulation is done on any surface of a building or construction that improves the properties associated with the structure, including acoustic, fire, and impact resistance. The insulating materials are available in varied product types including plastic foams, mineral wools, and fiberglass wools. Based on applications, the materials are used in types of buildings and structures, including residential and non-residential sectors.
Asia Pacific is set to dominate the insulation market share over the study period. This can be attributed to the increasing demand in China owing to rapidly growing construction and industrial markets. The Chinese government has updated insulation building requirements to reduce energy consumption and implemented design standards for energy efficiency of public, green, and residential buildings. Japan significantly contributes towards the market growth over the study period. Rising population along with mandatory regulations will escalate the regional share over the forecast time span.
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