Roof Insulation Market Research Report – Global Forecast to 2030

Roof Insulation Market Information By Type (Batts & Rolls, Rigid Insulation, Reflective Systems and Others), By Material (Glass Wool, Stone Wool, Plastic Foam and Others), By Application (Flat Roof, Pitched Roof) and Region - Forecast to 2030

ID: MRFR/CnM/3326-HCR | February 2021 | Region: Global | 185 pages         

Roof Insulation Market

The Roof Insulation Market is predicted to be worth USD 15.86 billion and CAGR of 6.27% by the end of the current forecast period of 2021 - 2030

Segmentation

By Type Batts & Rolls Rigid Insulation Reflective Systems Others
By Material Glass Wool Stone Wool Plastic Foam Others
By Application Flat Roof Pitched Roof

Key Players

  • International A/S
  • Knauf Insulation GmbH
  • Saint-Gobain
  • Owens Corning Corporation
  • Berkshire Hathaway Inc.
  • BASF
  • The 3M Company
  • Rockwool International
  • The Dow Chemical Company
  • Paroc
  • Beijing New Building Material Co. Ltd.

Drivers

  • Rising consumer awareness about eco-friendly and sustainable construction materials
Speak to Analyst Request a Free Sample

Roof Insulation Market Overview


The roof insulation market was valued at the USD 9.11 billion in 2020. In fact, due to rising consumer awareness about insulation material, the global roof insulation market is expected to reach much higher values. It has been predicted to be worth USD 15.86 billion by the end of the current forecast period of 2021 - 2030. The market is also expected to achieve its significant value during 2030. The compound annual growth rate (CAGR) of the roof insulation market for the forecast period ending in 2030 stands at 6.27%.


There has been a sharp rise in demand for energy-conserving, smart materials in construction such as Roof Insulation. Insulation materials are those which can prevent the transfer of heat, sound, and electricity from one side to another. Similarly, roof insulation prevents the heating of the house from solar radiation during hot days and from overcooling during colds. Moreover, it has the additional advantage of preventing noise transfer. Therefore, it helps in creating a peaceful and comfortable environment inside the house.


The popularity of roof insulation is influenced by factors such as energy conservation, sustainable construction, and pollution control ability. Rising awareness about eco-friendly living and stricter environmental laws are also pushing its demand.


Covid 19 Analysis


Due to the halt in construction activities during this pandemic, its impact has also been felt on the roof insulation market. Thus the revised growth rate (CAGR) was kept at 2.9% showing moderate growth.


However, flat-type insulators continued to be in demand in Europe. Additionally, In countries such as Japan and Germany, the impact was much less. After getting positive signs of market recovery the sales have shot up. The industry has to modify and adapt itself to new rules and regulations for better growth post covid crisis.


Market Dynamics


Drivers


Rising consumer awareness about eco-friendly and sustainable construction materials is one of the major drivers influencing the roof insulation market. Due to the increase in human activities, our planet is facing some unprecedented situations. People now want their buildings to be free of electrical, thermal, acoustic, and other such disturbances. Hence, roof insulation has a big role to play in this rising demand.


The looming energy crisis and a need to conserve energy have made the insulation market more secure. Moreover, Governments around the world are pushing for stricter environmental laws and are curbing resource wastage. Furthermore, incentives by governments on the adoption of eco-friendly materials are also benefiting the roof insulation market. Therefore, roof insulation having household, commercial and industrial uses is the ultimate gainer.


Restraints


Lack of knowledge about the use of insulations in construction is one of the major restraints towards market growth. However, this restraint is declining with the spread of knowledge among the masses.


Halt in construction activities during the covid pandemic is also one of the major factors for slow growth. Moreover, the low expansion of the construction industry in Europe is also diminishing the demand. 


Cheap roofing substitutes such as asphalt singles, green roofing, metal roofing still occupy a major market share. Furthermore, the industry is also suffering from the lack of a skilled labor force.


Technology analysis


The roof insulation technology is itself a novel and innovative technology. This technology aims to conserve vital resources when the world is heading towards an energy crisis. Insulation is a blend of two or more materials that primarily prevents unwanted heat loss or heat gain. Moreover, insulations are available in different sizes and shapes to suit the need for different purposes. 


Hence by analysing all these factors we can confirm that, there is no dark side for growth of the roof insulation market.  In fact, the rising literacy rate among different markets in the world will create more demand.


Study objectives



  • To analyze and forecast the roof insulation market in terms of value and volume.

  • To provide detailed information about drivers and restraints of this market

  • To project the opportunities and challenges for this market.

  • To give technological information and advancement about the product.

  • To give an overview of the top key players of this market and their strategies.

  • This report provides knowledge about different market segments and regions of the roof insulation market.


Segment overview


Roof Insulation Market Segmentation


On the basis of materials used for insulation, we can divide the global market for Roof Insulation under :



  • Glass Wool

  • Stone Wool

  • Plastic Foam

  • Others


Among these materials, Glass wool is the most preferred material for roof insulation. In fact, it has been holding the largest market share, about one-third of the total global market. It has excellent mechanical and thermal properties. Glass Wool is non-combustible, less toxic, and non-degradable.


Now, on the basis of design the different types of Roof insulation designs are :



  • Batts & Rolls

  • Rigid Insulation

  • Reflective Systems

  • Others


Here batts and rolls type of design top the global market list among other types. In fact, Batts and roll type of Roof insulation also held the major market share during previous years. This growth is driven by its cost-effective and easy-to-use design. Batts are available as pre-cut panels and rolls are available as versatile joining materials.


Further, on the basis of application we have two types of roof insulations:-



  1. Flat roof and

  2. Pitched roof


However, a Flat roof has cost-effective roof shapes and also absorbs a high amount of solar radiation. Therefore, it is expected to dominate the market rather than other types. The flat roof segment is expected to grow at 3.2 % and reach a market value of 8.2 billion US$ by the end of 2027. 


On the basis of Region, the global insulation market is segmented as:-



  • North America

  • Europe

  • Asia - Pacific

  • Rest of the World ( ROW)


Asia - Pacific dominates the global roof insulation market. This is primarily due to cheap labor costs and low costs for the establishment of manufacturing units. Further, favorable Government policies for the trade and manufacturing sector are also driving the growth in this region.   


Regional analysis


There has been remarkable growth in the insulation market globally. The markets are expected to rise continuously as it has been performing for the past few years. Among the different regions, Asia-pacific is showing incredible growth. This has been attributed to various factors such as cheap skilled labor, low establishment cost of manufacturing units, and low operating costs. Moreover, favorable government policies have greatly benefited the market in the region.


Competitive Landscape


The ever-increasing demand has also increased the competition by drawing a number of manufacturers. However, a large number of manufacturers are from either Europe or North America. Asia - Pacific being the largest market for roof insulation still has less no. of manufacturers. The important manufacturers around the globe are listed below:-



  • International A/S (Denmark)

  • Knauf Insulation GmbH (Germany)

  • Saint-Gobain (France)

  • Owens Corning Corporation (U.S.)

  • Berkshire Hathaway, Inc. (U.S.)

  • BASF (Germany)

  • The 3M Company (U.S.),

  • Rockwool International (Denmark)

  • The Dow Chemical Company (U.S.)

  • Paroc (Finland)

  • Beijing New Building Material (Group) Co. Ltd. ( China )


Recent developments


Jan 2022 - Westlake Royal Building Products has presented Westlake Royal Roofing, one of six innovative product solutions released as a complete brand overhaul. Westlake Royal Roofing combines the portfolios of the former Boral® North America roofing and DaVinci® Roofscapes lines, both of which were significant purchases for Westlake Royal Building Products USA Inc. and its parent company, Westlake, over the last three years. These underlayments enhance the weather resistance, efficiency, and overall longevity of our clay, concrete, steel, and composite roofing systems.

Jan 2022 - Apollo, the largest independent maker of liquid adhesives, coatings, and primers for the roofing, industrial, and construction markets in the United Kingdom, has been purchased by H.B. Fuller Company. Apollo, based in Tamworth, is expected to generate £42 million in revenue and £11 million in EBITDA in 2022. Apollo will be part of H.B. Fuller's existing Construction Adhesives and Engineering Adhesives business groups and is expected to reinforce the company's position in important high-value, high-margin sectors in the UK and Europe.

Technonikol has recently launched an innovative thermal insulation material LOGICPIR. It is made up of polyisocyanurate ( PIR ) which can be employed in different insulation systems.


Pittsburgh Corning the world's leading producer of cellular glass insulation systems is acquired by Owens Corning


In 2016, Buitex Industries (France), specializing in the production of wood fiber insulation was acquired by Saint-Gobain S.A. This acquisition will help in the development of multi-material insulations.


In 2015, Owens Corning announced the opening of a new Thermafiber mineral wool insulation manufacturing unit in Joplin, USA.


Intended audience


The intended audience of this report are as follows:-



  • Manufacturers of raw materials required for roof insulation and roof insulation manufacturers.

  • Roof insulation and raw material manufacturers association

  • Research organizations, regional agencies, and Governments


Report overview


This report on the roof insulation Market provides a complete growth forecast for the period of 2020 - 2027. It contains a detailed analysis of both qualitative and quantitative aspects of the market. It will greatly help the industry experts, key opinion leaders to get deep insights into the market. 


This report has been formed to give a clear market picture of the current market scenario, prospects, and past performances. Moreover, this report also delivers information about growth-promoting and inhibiting factors for the global and regional industry. The report shows that fast growth is expected to be seen in the roof insulation market in the coming times. Let us hope for a quick display of results.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 15.86 billion
  CAGR   6.27% (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Material, Application and End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   International A/S (Denmark), Knauf Insulation GmbH (Germany), Saint-Gobain (France), Owens Corning Corporation (U.S.), Berkshire Hathaway, Inc. (U.S.), BASF (Germany), The 3M Company (U.S.), Rockwool International (Denmark), The Dow Chemical Company (U.S.), and Paroc (Finland)
  Key Market Opportunities   It has the ability to protect the environment from greenhouse gasses and improves the working efficiencies of the system.
  Key Market Drivers   Insulation is also very effective at absorbing sound and will help reduce noise transmission through the building


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

roof insulation market is expected to grow at 6.27% CAGR from 2021 to 2028.

The major driver of the global roof insulation market is the protection of buildings from extreme heat and cold and preventing noise pollution by saving energy.

Flat roofs can lead in the global roof insulation market due to its cost-efficient shape and its capacity to store large volumes of solar energy.

The APAC region can showcase maximum growth for the global roof insulation market owing to low costs for establishing facilities and cost-effective workforce.

Paroc, Saint-Gobain, Berkshire Hathaway, Inc., BASF, The 3M Company, International A/S, Owens Corning Corporation, The Dow Chemical Company, Knauf Insulation GmbH, and Rockwool International are prominent players of the global roof insulation market.