Building Up: Ceresana Analyzes the World Market for Insulation Materials

Energy saving has become a political trend topic around the globe. A new study of the market research institute Ceresana forecasts that revenues generated with construction insulation materials will amount to a volume of USD 47.7 billion until 2022.

Konstanz, Germany, March 18, 2016 --( The International Energy Agency (IEA) assumes that until 2030, about USD 13.5 trillion have to be invested in climate-friendly technologies to accomplish all aims established by the climate conference in Paris in December 2015. Since heating and cooling of living areas and commercial buildings account for a major part of total energy consumption, the construction industry plays a key role.

Governments Setting the Tone

Ceresana analyzed the world market for insulation materials made from EPS and XPS, polyurethane, glass wool, and stone wool. These materials are used by the construction industry mainly for thermal insulation but also, among others, for sound insulation. National and regional markets are influenced to a high extent by state support programs and regulations concerning the increase of energy efficiency in buildings. However, extent and implementation of these programs can vary widely from country to country.

More Apartments, More Insulation Materials

Demand for insulation materials is rising worldwide. In the established industrial countries, energy efficient restoration of existing buildings is the main challenge. However, there are more new constructions in the emerging nations: A growing number of inhabitants and urbanization cause a rise in demand for new apartments. Additionally, the average size of households is decreasing worldwide which causes an increase in per capita living space. Besides Asia and the Middle East, Africa will also be a hot spot for urbanization in the near future. Yet, the construction industry in several emerging nations, especially in China and Brazil, is weakening at present.

Stone wool is Outstripped

On the saturated markets in North America and Western Europe, mainly insulation products at higher prices with high thermal resistance (R value) gain market shares: Polyurethane (PUR), polyisocyanurate (PIR), and extruded polystyrene (XPS). Ceresana expects the global demand for insulation materials made of stone wool to account for the least dynamic development in the upcoming eight years - however, it will still register growth by 3.4% per year. In contrast, the advantage of glass wool is its lower price. Both stone wool and glass wool offer very good fire protection properties.

Innovative Insulation Materials

Research and development of the manufacturers of insulation materials are mainly concerned with the improvement of fire protection and enhancement of thermal insulation values which results in reduction of the amount of material used. Sustainability and easy application are also important aims. Thus, spray foam and bulk products gain further importance. Premium products like aerogels or vacuum isolation panels (VIP) which have a low thermal conductivity as well as sustainable insulation materials, e.g. based on bioplastics made of polylactic acid, will take over market shares from traditional insulation materials on the medium term.

The Study in Brief:

Chapter 1 provides a presentation and analysis of the market for insulation materials, including forecasts up to 2022. Characteristic figures such as production and demand as well as revenues are provided for each world region.
In chapter 2, production and demand of insulation materials split by material (EPS & XPS, polyurethane, glass wool, and stone wool), as well as import and export, and revenues are analyzed.
Chapter 3 focuses on the representation of different developments of the single types of insulation materials (EPS & XPS, PUR, glass wool, and stone wool) on the several regional and national markets.
Chapter 4 provides profiles of the largest manufacturers of insulation materials, clearly arranged according to contact details, turnover, profit, product range, production sites, profile summary, products, and applications. Detailed profiles are given for 135 manufacturers, for example Compagnie de Saint-Gobain S.A., PetroChina Company Limited, BASF SE, Mitsui Chemicals, Inc. (MCI), Recticel SA, Eni S.p.A., Knauf Insulation GmbH, LG Chem Ltd., Rockwool International A/S, Saudi Basic Industries Corp. (SABIC), The Dow Chemical Company, Total S.A., BBMG Energy Saving Materials & Technology Co., Ltd., and TechnoNICOL Corporation.

About Ceresana
Ceresana is a leading international market research and consultancy company for the industrial sector and operates branch offices in Constance, Vienna and Hong Kong. For more than 10 years, Ceresana has been supplying several thousand customers from 60 countries with up-to-date market intelligence. Extensive market knowledge creates new prospects for strategic and operational decisions. Ceresana's clients profit from implementation-oriented consulting services, tailor-made single-client studies and more than 100 independent multi-client market studies. Ceresana's analysts are experts in the following markets: Chemicals, plastics, additives, commodities, industry, consumer goods, packaging, agriculture, and construction materials.
Martin Ebner
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Technologiezentrum, Blarerstr. 56, 78462 Konstanz, Germany