Description
This study is currently being completely revised. We plan to publish the 5th edition in September 2024. Therefore we can offer you the update for free, if you order the current edition now.
The Insulation Material Market Report – World is now also available in parts (e.g. individual country profiles or all manufacturer profiles). Please feel free to contact us and we will immediately send you an offer for your specific selection.
Whether it is hot or cold, there is no such thing as bad weather for insulation manufacturers. However, they are being hampered by the weakening residential construction sector, especially the slump in the real estate industry in China. Ceresana’s latest insulation report expects new construction activity in most countries to start recovering by the end of 2024 at the earliest. However, the renovation of old buildings remains a promising construction site. For the fourth time, Ceresana has surveyed the global market for mineral, synthetic and natural insulation materials used in the construction industry – primarily for thermal insulation and soundproofing of buildings, including fire protection. Analysts forecast that global consumption of insulation materials will grow to a total of more than 640 million cubic meters by 2032.
This market study examines only building materials. However, insulation materials used in other industries, such as automotive, household and commercial appliances, or industrial process equipment, are not covered here. Detailed information on the EPS market is provided in the Ceresana market study “Expandable Polystyrene (EPS)“, the 5th edition of which has already been published. Ceresana also offers a new market study specifically on biobased insulation materials.
Subsidies for Energy Refurbishment
Construction survived the Covid 19 crisis quite well compared to other industries; in fact, 2021 was a record year in many countries. Now, however, the mood is clearly deteriorating: a lack of labor and raw materials, rising energy and material costs, inflation and political uncertainty. One bright spot for construction companies in many places is the construction of warehouses and logistics centers for the booming online trade, not to mention data centers. Government subsidy programs for the energy-efficient refurbishment of private homes and public buildings are having a stabilizing effect. In the countries of the European Union, better thermal insulation is one of the focal points of the build-up and resilience plans for the “green transition” by 2026. However, particularly sustainable organic insulating materials have not always been able to benefit from efforts to protect the climate and save energy: The use of straw, hemp, wool and other renewable insulating materials is often still hampered by outdated building regulations and standards.
Insulation with Rigid Foam Boards and Mineral Wool
Rigid foams made of PUR (polyurethane) and PIR (polyisocyanurate) are growing rapidly, albeit inhibited by comparatively high prices. Expandable polystyrene (EPS, known as “Styrofoam” or “airpop”) and extruded polystyrene (XPS), two likewise synthetic insulating materials based on petroleum, also achieve a large market share. However, more than half of the global demand for insulation materials is currently satisfied by mineral wool, i.e. glass wool and rock wool. Sand, stone, lime and various minerals are the raw materials for mineral wool. The technical properties of insulation materials may be the same everywhere – image, costs and customer preferences are not: As with the construction industry as a whole, there are major regional differences in the consumption of insulation materials. For example, enthusiasm for the renovation of old buildings is not the same everywhere.
Fourth Edition of the Ceresana Market Study “Insulation Materials – World”:
Chapter 1 provides a full account and analysis of the global market for insulation materials, including forecasts up to 2032. For each region of the world, production and consumption of insulation materials are given in cubic meters and the revenues generated with them in US dollars and euros.
In Chapter 2, production, consumption, import, export, and insulation sales are given for each of the 16 countries that are particularly relevant to the insulation market. Consumption is differentiated for the five material types:
- EPS
- XPS
- PUR / PIR
- Glass wool
- Stone wool
In addition, a distinction is made between the construction segments:
- Residential construction
- Commercial construction.
The regional consumption of the various insulation types is recorded in detail in “1,000 tonnes”.
Chapter 3 offers company profiles of the world’s most important producers of insulating materials, clearly arranged according to contact data, sales, profit, product range, production sites, short profile as well as product types and application areas. Detailed profiles are supplied by the main 113 manufacturers, e.g. Armstrong World Industries, Inc., BASF SE, Compagnie de Saint-Gobain S.A., DuPont De Nemours, Inc., Owens Corning, Saudi Basic Industries Corp. (SABIC), Styropek Group, and URSA Insulation, S.A.
Scope of the Report:
Attributes | Details |
| Base Year | 2022 |
| Trend Period | 2020 – 2032 |
| Forecast Period | 2023 – 2032 |
| Pages | 360 |
| Insulation Types | EPS, XPS, PUR/PIR, Glass Wool, Stone Wool |
| Company Profiles | Armstrong World Industries, Inc., BASF SE, Compagnie de Saint-Gobain S.A., DuPont De Nemours, Inc., Owens Corning, Saudi Basic Industries Corp. (SABIC), Styropek Group, and URSA Insulation, S.A. (Selection) |
| Edition | 4th edition (Next update: September 2024) |
| Publication | August 2023 |
FAQs
How is the global consumption of insulation materials expected to develop until 2032?
Analysts at Ceresana expect global demand to grow to a total of over 640 million cubic meters by 2032.
Did the COVID-19 pandemic have an impact on the insulation market?
Construction survived the Covid 19 crisis quite well compared to other industries; in fact, 2021 was a record year in many countries.
Which insulation types are consumed the most?
More than half of the global demand for insulation materials is currently satisfied by mineral wool, i.e. glass wool and rock wool.
Graph 1: Demand in Europe from 2020 to 2032
Graph 2: Revenues generated in Europe from 2020 to 2032 in billion USD and billion EUR
Graph 3: Production in Europe from 2020 to 2032
Graph 4: European demand for biobased insulation materials in 2022 – split by material
Graph 5: Demand in Austria from 2020 to 2032
Graph 6: Production in Austria from 2020 to 2032
Graph 7: Demand in Belgium from 2020 to 2032
Graph 8: Production in Belgium from 2020 to 2032
Graph 9: Demand in Czechia from 2020 to 2032
Graph 10: Production in Czechia from 2020 to 2032
Graph 11: Demand in Finland from 2020 to 2032
Graph 12: Production in Finland from 2020 to 2032
Graph 13: Demand in France from 2020 to 2032
Graph 14: Production in France from 2020 to 2032
Graph 15: Demand in Germany from 2020 to 2032
Graph 16: Production in Germany from 2020 to 2032
Graph 17: Demand in Italy from 2020 to 2032
Graph 18: Production in Italy from 2020 to 2032
Graph 19: Demand in Norway from 2020 to 2032
Graph 20: Production in Norway from 2020 to 2032
Graph 21: Demand in Poland from 2020 to 2032
Graph 22: Production in Poland from 2020 to 2032
Graph 23: Demand in Romania from 2020 to 2032
Graph 24: Production in Romania from 2020 to 2032
Graph 25: Demand in Russia from 2020 to 2032
Graph 26: Production in Russia from 2020 to 2032
Graph 27: Demand in Spain from 2020 to 2032
Graph 28: Production in Spain from 2020 to 2032
Graph 29: Demand in Sweden from 2020 to 2032
Graph 30: Production in Sweden from 2020 to 2032
Graph 31: Demand in Switzerland from 2020 to 2032
Graph 32: Production in Switzerland from 2020 to 2032
Graph 33: Demand in the Netherlands from 2020 to 2032
Graph 34: Production in the Netherlands from 2020 to 2032
Graph 35: Demand in Turkey from 2020 to 2032
Graph 36: Production in Turkey from 2020 to 2032
Graph 37: Demand for insulation materials in Ukraine from 2020 to 2032
Graph 38: Production in Ukraine from 2020 to 2032
Graph 39: Demand in the United Kingdom from 2020 to 2032
Graph 40: Production in the United Kingdom from 2020 to 2032
Graph 41: Demand in the remaining countries of Europe from 2020 to 2032
Graph 42: Production in the remaining countries of Europe from 2020 to 2032
Table 1: European demand from 2020 to 2032 – split by country
Table 2: Revenues generated in Europe from 2020 to 2032 in billion USD and billion EUR
Table3: Production in Europe from 2020 to 2032 – split by country
Table 4: European demand from 2020 to 2032 – split by construction segment
Table 5: European demand in new construction from 2020 to 2032 – split by country
Table 6: European demand in renovation from 2020 to 2032 – split by country
Table 7: European demand in residential construction from 2020 to 2032 – split by country
Table 8: European demand in non-residential construction from 2020 to 2032 – split by country
Table 9: European demand from 2020 to 2032 – split by type of insulation material
Table 10: European demand for EPS and XPS from 2020 to 2032 – split by country
Table 11: European demand for EPS from 2020 to 2032 – split by country
Table 12: European demand for XPS from 2020 to 2032 – split by country
Table 13: European demand for PUR and PIR from 2020 to 2032 – split by country
Table 14: European demand for glass wool from 2020 to 2032 – split by country
Table 15: European demand for stone wool from 2020 to 2032 – split by country
Table 16: European production from 2020 to 2032 – split by type of insulation material
Table 17: European production of EPS from 2020 to 2032 – split by country
Table 18: European production of XPS from 2020 to 2032 – split by country
Table 19: European production of PUR and PIR from 2020 to 2032 – split by country
Table 20: European production of glass wool from 2020 to 2032 – split by country
Table 21: European production of stone wool from 2020 to 2032 – split by country
Table 22: Revenues generated in Austria from 2020 to 2032, in million USD and million EUR
Table23: Demand in Austria from 2020 to 2032 – split by construction segment
Table 24: Demand in Austria from 2020 to 2032 – split by type of insulation material
Table 25: Production, import, and export of and demand in Austria from 2020 to 2032
Table 26: Production in Austria from 2020 to 2032 – split by type of insulation material
Table 27: Import and export in Austria from 2020 to 2032 – split by type of insulation material
Table 28: Revenues in Belgium from 2020 to 2032, in million USD and million EUR
Table29: Demand in Belgium from 2020 to 2032 – split by construction segment
Table 30: Demand in Belgium from 2020 to 2032 – split by type of insulation material
Table 31: Production, import, export and demand in Belgium from 2020 to 2032
Table 32: Production in Belgium from 2020 to 2032 – split by type of insulation material
Table 33: Import and export in Belgium from 2020 to 2032 – split by type of insulation material
Table 34: Revenues generated in Czechia from 2020 to 2032, in million USD and million EUR
Table35: Demand in Czechia from 2020 to 2032 – split by construction segment
Table 36: Demand in Czechia from 2020 to 2032 – split by type of insulation material
Table 37: Production, import, and export of and demand in Czechia from 2020 to 2032
Table 38: Production in Czechia from 2020 to 2032 – split by type of insulation material
Table 39: Import and export in Czechia from 2020 to 2032 – split by type of insulation material
Table 40: Revenues generated in Finland from 2020 to 2032 in million USD and million EUR
Table41: Demand in Finland from 2020 to 2032 – split by construction segment
Table 42: Demand in Finland from 2020 to 2032 – split by type of insulation material
Table 43: Production, import, export, and demand in Finland from 2020 to 2032
Table 44: Production in Finland from 2020 to 2032 – split by type of insulation material
Table 45: Import and export in Finland from 2020 to 2032 – split by type of insulation material
Table 46: Revenues generated in France from 2020 to 2032, in million USD and million EUR
Table 47: Demand in France from 2020 to 2032 – split by construction segment
Table 48: Demand in France from 2020 to 2032 – split by type of insulation material
Table 49: Production, import, export, and demand in France from 2020 to 2032
Table 50: Production in France from 2020 to 2032 – split by type of insulation material
Table 51: Import and export in France from 2020 to 2032 – split by type of insulation material
Table 52: Revenues generated in Germany from 2020 to 2032, in million USD and million EUR
Table 53: Demand in Germany from 2020 to 2032 – split by construction segment
Table 54: Demand in Germany from 2020 to 2032 – split by type of insulation material
Table 55: Production, import, export, and demand in Germany from 2020 to 2032
Table 56: Production in Germany from 2020 to 2032 – split by type of insulation material
Table 57: Import and export in Germany from 2020 to 2032 – split by type of insulation material
Table 58: Revenues generated in Italy from 2020 to 2032, in million USD and million EUR
Table 59: Demand in Italy from 2020 to 2032 – split by construction segment
Table 60: Demand in Italy from 2020 to 2032 – split by type of insulation material
Table 61: Production, import, export, and demand in Italy from 2020 to 2032
Table 62: Production in Italy from 2020 to 2032 – split by type of insulation material
Table 63: Import and export in Italy from 2020 to 2032 – split by type of insulation material
Table 64: Revenues generated in Norway from 2020 to 2032 in million USD and million EUR
Table 65: Demand in Norway from 2020 to 2032 – split by construction segment
Table 66: Demand in Norway from 2020 to 2032 – split by type of insulation material
Table 67: Production, import, export, and demand in Norway from 2020 to 2032
Table 68: Production in Norway from 2020 to 2032 – split by type of insulation material
Table 69: Import and export in Norway from 2020 to 2032 – split by type of insulation material
Table 70: Revenues generated in Poland from 2020 to 2032, in million USD and million EUR
Table71: Demand in Poland from 2020 to 2032 – split by construction segment
Table 72: Demand in Poland from 2020 to 2032 – split by type of insulation material
Table 73: Production, import, export, and demand in Poland from 2020 to 2032
Table 74: Production in Poland from 2020 to 2032 – split by type of insulation material
Table 75: Revenues generated in Romania from 2020 to 2032, in million USD and million EUR
Table76: Demand in Romania from 2020 to 2032 – split by construction segment
Table 77: Demand in Romania from 2020 to 2032 – split by type of insulation material
Table 78: Production, import, export and demand in Romania from 2020 to 2032
Table 79: Production in Romania from 2020 to 2032 – split by type of insulation material
Table 80: Import and export in Romania from 2020 to 2032 – split by type of insulation material
Table 81: Revenues generated in Russia from 2020 to 2032, in million USD and million EUR
Table 82: Demand in Russia from 2020 to 2032 – split by construction segment
Table 83: Demand in Russia from 2020 to 2032 – split by type of insulation material
Table 84: Production, import, export, and demand in Russia from 2020 to 2032
Table 85: Production in Russia from 2020 to 2032 – split by type of insulation material
Table 86: Import and export in Russia from 2020 to 2032 – split by type of insulation material
Table 87: Revenues generated in Spain from 2020 to 2032, in million USD and million EUR
Table 88: Demand in Spain from 2020 to 2032 – split by construction segment
Table 89: Demand in Spain from 2020 to 2032 – split by type of insulation material
Table 90: Production, import, export, and demand in Spain from 2020 to 2032
Table 91: Production in Spain from 2020 to 2032 – split by type of insulation material
Table 92: Import and export in Spain from 2020 to 2032 – split by type of insulation material
Table 93: Revenues generated in Sweden from 2020 to 2032, in million USD and million EUR
Table94: Demand in Sweden from 2020 to 2032 – split by construction segment
Table 95: Demand in Sweden from 2020 to 2032 – split by type of insulation material
Table 96: Production, import, export and demand in Sweden from 2020 to 2032
Table 97: Production in Sweden from 2020 to 2032 – split by type of insulation material
Table 98: Import and export in Sweden from 2020 to 2032 – split by type of insulation material
Table 99: Revenues generated in Switzerland from 2020 to 2032 in million USD and million EUR
Table100: Demand in Switzerland from 2020 to 2032 – split by construction segment
Table 101: Demand in Switzerland from 2020 to 2032 – split by type of insulation material
Table 102: Production, import, export and demand in Switzerland from 2020 to 2032
Table 103: Production in Switzerland from 2020 to 2032 – split by type of insulation material
Table 104: Import and export in Switzerland from 2020 to 2032 – split by type of insulation material
Table 105: Revenues generated in the Netherlands from 2020 to 2032, in million USD and million EUR
Table106: Demand in the Netherlands from 2020 to 2032 – split by construction segment
Table 107: Demand in the Netherlands from 2020 to 2032 – split by type of insulation material
Table 108: Production, import, and export of and demand in the Netherlands from 2020 to 2032
Table 109: Production in the Netherlands from 2020 to 2032 – split by type of insulation material
Table 110: Import and export in the Netherlands from 2020 to 2032 – split by type of insulation material
Table 111: Revenues generated in Turkey from 2020 to 2032, in million USD and million EUR
Table 112: Demand in Turkey from 2020 to 2032 – split by construction segment
Table 113: Demand in Turkey from 2020 to 2032 – split by type of insulation material
Table 114: Production, import, export, and demand in Turkey from 2020 to 2032
Table 115: Production in Turkey from 2020 to 2032 – split by type of insulation material
Table 116: Import and export in Turkey from 2020 to 2032 – split by type of insulation material
Table 117: Revenues generated in Ukraine from 2020 to 2032, in million USD and million EUR
Table118: Demand in Ukraine from 2020 to 2032 – split by construction segment
Table 119: Demand in Ukraine from 2020 to 2032 – split by type of insulation material
Table 120: Production, import, export, and demand in Ukraine from 2020 to 2032
Table 121: Production in Ukraine from 2020 to 2032 – split by type of insulation material
Table 122: Import and export in Ukraine from 2020 to 2032 – split by type of insulation material
Table 123: Revenues generated in the United Kingdom from 2020 to 2032, in million USD and million EUR
Table 124: Demand in the United Kingdom from 2020 to 2032 – split by construction segment
Table 125: Demand in the United Kingdom from 2020 to 2032 – split by type of insulation material
Table 126: Production, import, export, and demand in the United Kingdom from 2020 to 2032
Table 127: Production in the United Kingdom from 2020 to 2032 – split by type of insulation material
Table 128: Import and export in the United Kingdom from 2020 to 2032 – split by type of insulation material
Table 129: Revenues generated in the remaining countries of Europe from 2020 to 2032, in million USD and million EUR
Table 130: Demand in the remaining countries of Europe from 2020 to 2032 – split by construction segment
Table 131: Demand in the remaining countries of Europe from 2020 to 2032 – split by type of insulation material
Table 132: Production, import, export and demand in the remaining countries of Europe from 2020 to 2032
Table 133: Production in the remaining countries of Europe from 2020 to 2032 – split by type of insulation material
Table 134: Import and export in the remaining countries of Europe from 2020 to 2032 – split by type of insulation material
soon to come
