European Building Insulation Materials Market Driven by Energy-efficiency Targets

European Building Insulation Materials Market Driven by Energy-efficiency Targets

Future Growth Potential Enhanced by Opportunities in Advanced Building Techniques

RELEASE DATE
20-Jan-2021
REGION
Europe
Research Code: K5AF-01-00-00-00
SKU: CM01850-EU-MT_25192
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Description

This study presents an assessment of the current status and future prospects of building insulation materials used in Europe. Market segments comprise mineral wool insulation, plastic foam insulation, and others (e.g., aerogel, wood fibre, and perlite). Mineral wool insulation is further divided into glass wool and stone wool insulation. Moreover, the market for plastic foam insulation has been divided into expanded polystyrene, extruded polystyrene, and polyurethane/polyisocyanurate insulation. By application type, the market has been divided into residential and non-residential. The research accounts for volume shipments and revenues generated from 2017 to 2027.

The building construction sector is one of the largest consumers of energy resources in Europe and produces nearly 35% of all greenhouse gas emissions. Hence, most European countries are deeply engaged in developing or renovating buildings with increased sustainability and energy efficiency. Moreover, numerous legislative initiatives are being introduced to boost the energy performance of buildings across the region. These directives promote policies that would help local authorities and home owners achieve high energy-efficient and decarbonized building stock by 2050.

Mineral wool and plastic foams are the two most commonly used insulation materials for buildings in Europe, offering excellent thermal properties and cost-effectiveness. Glass wool insulation accounted for the largest share, followed by expanded polystyrene in 2020; a similar trend is expected during the forecast period of 2021 to 2027. Glass wool is extremely cost-effective and used widely in the residential sector for its superb fire safety, good insulation properties, and compatibility with various structural products developed for thermal insulation. EPS, on the other hand, offers high thermal resistance, moisture protection, breathability, flexibility of use, and good recyclable content, making it widely preferred for external wall insulation. Although other materials including wood fiber, perlite, and aerogel offer outstanding insulation, their usage is currently limited due to high prices.

Western Europe is the most important market for building insulation materials in Europe and is expected to witness high consumption of mineral wool and plastic foam insulation products for residential and non-residential buildings, in both new buildings and those under renovation. Majority of the demand is coming from Germany, France, Poland, the United Kingdom, Italy, and Spain. Eastern Europe, on the other hand, is likely to benefit from new residential markets in Poland, the Czech Republic, and Austria, where private sector investments are expected to increase greatly in the coming years and have a positive impact on the building insulation materials market.

However, the construction industry in Europe is already at a mature stage and has been witnessing sluggish growth in the past few years. Moreover, the region started to show early signs of decline in construction activity from February 2020, caused by the COVID-19 pandemic. Thus, annual construction output across the region witnessed a decline of 10 to 15% in 2020, compared to 2019, which adversely affected demand for building insulation materials. While new construction will remain the most affected in Europe, renovation projects are expected to gain momentum in the short term, which will drive demand for subsequent building insulation materials.

RESEARCH: INFOGRAPHIC

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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Building Insulation Materials Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Building Insulation Materials Market Overview and Scope

Building Insulation Materials Market Segmentation

Building Insulation Materials Market Segmentation (continued)

Key Competitors for Building Insulation Materials Market

Key Growth Metrics for Building Insulation Materials Market

Growth Drivers for Building Insulation Materials Market

Growth Driver Analysis for Building Insulation Materials Market

Growth Driver Analysis for Building Insulation Materials Market (continued)

Growth Restraint for Building Insulation Materials Market

Growth Restraint Analysis for Building Insulation Materials Market

Revenue and Volume Shipment Forecast, Building Insulation Materials Market

Revenue and Volume Shipment Forecast Analysis, Building Insulation Materials Market

Revenue Forecast by Sub-region, Building Insulation Materials Market

Revenue Forecast Analysis by Sub-region, Building Insulation Materials Market

Revenue Forecast Analysis by Sub-region, Building Insulation Materials Market (continued)

Revenue Forecast by Material, Building Insulation Materials Market

Volume Shipment Forecast by Material, Building Insulation Materials Market

Revenue and Volume Shipment Forecast Analysis by Material, Building Insulation Materials Market

Revenue and Volume Shipment Forecast Analysis by Material, Building Insulation Materials Market (continued)

Revenue and Volume Shipment Forecast Analysis by Material, Building Insulation Materials Market (continued)

Revenue Forecast by End Application, Building Insulation Materials Market

Volume Shipment Forecast by End Application, Building Insulation Materials Market

Revenue and Volume Shipment Forecast Analysis by End Application, Building Insulation Materials Market

Pricing Trends and Forecast, Building Insulation Materials Market

Pricing Trends and Forecast, Building Insulation Materials Market (continued)

Pricing Trends and Forecast Analysis, Building Insulation Materials Market

Value Chain, Building Insulation Materials Market

Value Chain Analysis, Building Insulation Materials Market

Competitive Environment, Building Insulation Materials Market

Revenue Share, Building Insulation Materials Market

Revenue Share Analysis, Building Insulation Materials Market

Growth Opportunity 1: Investment in High-quality Building Insulation Materials, 2020

Growth Opportunity 1: Investment in High-quality Building Insulation Materials, 2020 (continued)

Growth Opportunity 2: Optimizing Prices for Improved Market Penetration, 2020

Growth Opportunity 2: Optimizing Prices for Improved Market Penetration, 2020 (continued)

List of Acronyms Used

List of Exhibits

Legal Disclaimer

This study presents an assessment of the current status and future prospects of building insulation materials used in Europe. Market segments comprise mineral wool insulation, plastic foam insulation, and others (e.g., aerogel, wood fibre, and perlite). Mineral wool insulation is further divided into glass wool and stone wool insulation. Moreover, the market for plastic foam insulation has been divided into expanded polystyrene, extruded polystyrene, and polyurethane/polyisocyanurate insulation. By application type, the market has been divided into residential and non-residential. The research accounts for volume shipments and revenues generated from 2017 to 2027. The building construction sector is one of the largest consumers of energy resources in Europe and produces nearly 35% of all greenhouse gas emissions. Hence, most European countries are deeply engaged in developing or renovating buildings with increased sustainability and energy efficiency. Moreover, numerous legislative initiatives are being introduced to boost the energy performance of buildings across the region. These directives promote policies that would help local authorities and home owners achieve high energy-efficient and decarbonized building stock by 2050. Mineral wool and plastic foams are the two most commonly used insulation materials for buildings in Europe, offering excellent thermal properties and cost-effectiveness. Glass wool insulation accounted for the largest share, followed by expanded polystyrene in 2020; a similar trend is expected during the forecast period of 2021 to 2027. Glass wool is extremely cost-effective and used widely in the residential sector for its superb fire safety, good insulation properties, and compatibility with various structural products developed for thermal insulation. EPS, on the other hand, offers high thermal resistance, moisture protection, breathability, flexibility of use, and good recyclable content, making it widely preferred for external wall insulation. Although other materials including wood fiber, perlite, and aerogel offer outstanding insulation, their usage is currently limited due to high prices. Western Europe is the most important market for building insulation materials in Europe and is expected to witness high consumption of mineral wool and plastic foam insulation products for residential and non-residential buildings, in both new buildings and those under renovation. Majority of the demand is coming from Germany, France, Poland, the United Kingdom, Italy, and Spain. Eastern Europe, on the other hand, is likely to benefit from new residential markets in Poland, the Czech Republic, and Austria, where private sector investments are expected to increase greatly in the coming years and have a positive impact on the building insulation materials market. However, the construction industry in Europe is already at a mature stage and has been witnessing sluggish growth in the past few years. Moreover, the region started to show early signs of decline in construction activity from February 2020, caused by the COVID-19 pandemic. Thus, annual construction output across the region witnessed a decline of 10 to 15% in 2020, compared to 2019, which adversely affected demand for building insulation materials. While new construction will remain the most affected in Europe, renovation projects are expected to gain momentum in the short term, which will drive demand for subsequent building insulation materials.--BEGIN PROMO--

Key Issues Addressed

  • What are the key market drivers and restraints?
  • What are the main trends related to product offerings?
  • What does the competitive landscape look like and who are the main players?
  • What are the revenue, pricing, and unit shipment forecasts for each material, end application, and region of Europe?
  • How will the supply chain change during the forecast period?
  • What are the key growth opportunities in this market?
More Information
No Index No
Podcast No
Author Sayantan Sengupta
Industries Chemicals and Materials
WIP Number K5AF-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9595,9870