Europe Building Insulation Materials Market size was valued at US$ 10.544 Bn. in 2021 and the total revenue is expected to grow at CAGR of 2.99% through 2022 to 2027, reaching nearly US$ 12.58 Bn. by 2027.
Building In the construction industry, insulation materials are used to prevent heat, electricity, or sound from passing through electrical appliances and building materials. Thermal insulation, electrical insulation, and heat insulation are the three broad categories of the insulation materials market. A successful insulation system is dependent on the proper installation of high-quality insulation materials. Insulation is a critical technology for lowering energy consumption and preventing heat gain/loss in buildings.
Europe Building Insulation Materials Market Report Scope and Research Methodology
The SMR study provides an overview of the Europe Building Insulation Materials market share and competitor sector, as well as an analysis of the major players and leading regions. This analysis covers the Europe Building Insulation Materials market's historical trends, revenue, capacity, cost structure, and major drivers. The purpose of this report is to provide current market size, growth rates, and company profiles of the top players and producers.
The report on Europe Building Insulation Materials Market includes market size and analysis for applications, economic factors, and geographic divisions, as well as a thorough examination of key market characteristics. The bottom-up method was used to estimate the Europe Building Insulation Materials market size in terms of value and volume. An in-depth analysis of regional development is included, as well as information on the Europe Building Insulation Materials market's key growth indicators, geographical challenges, and threats.
The Europe Building Insulation Materials research provides a thorough analysis as well as reliable revenue data on the market participant. A description of the company, its primary operations, total earnings and sales, revenue generated in the Europe Building Insulation Materials market, the entry date into the Europe Building Insulation Materials market, recent developments, and other information are provided.
Europe Building Insulation Materials Market Overview:
SMR released a report on the Europe Building Insulation Materials Market. The Europe Building Insulation Materials market report is a compilation of primary and secondary data, and domain experts have examined the market from both a local and global perspective. According to the report, the Europe Building Insulation Materials market is expected to grow rapidly during the forecast period.
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Europe Building Insulation Materials Market Key Players:
Johns Manville Corporation (US)
Saint-Gobain S.A. (France)
BASF SE (Germany)
Kingspan Group plc (Ireland)
Knauf Insulation, Inc. (US)
Owens Corning (US)
Huntsman Corporation (US)
Rockwool International A/S (Denmark)
Firestone Building Products Company (US)
Cabot Corporation (US)
Dow Corning Corporation (US)
Covestro AG (Germany)
URSA Insulation
S.A. (Spain)
Paroc Group Oy (Finland)
Atlas Roofing Corporation (US)
Europe Building Insulation Materials Market Drivers:
In the coming years, the residential sector in the United Kingdom is expected to grow significantly. The government's announcement in 2019 of a new housing stimulus program totaling more than $20 billion over the next four years is largely responsible for the increase. This would bring the country's total housing assistance to approximately $57.87 billion, boosting the UK's building insulation industry. As Europe's financial powerhouse, construction is one of the most important drivers of growth in the building insulation industry in Germany.
Europe Building Insulation Materials Market Segmentation:
The Europe Building Insulation Materials Market is divided into four product categories: Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Mineral Wool, and Others. Because it is one of the most widely used foamed polymers for constructing thermal insulation, expanded polystyrene dominates the Building Insulation Materials Market with a 41% market share in 2021. It's a type of insulation with remarkable properties like sound absorption, light weight, and earthquake resistance. Pipe insulation is one of the most common applications to reduce heat gain, condensation, or frost formation on water and air conditioning lines, but it is less common in Europe than in other regions due to low temperatures. Because of its water resistance, ability to reduce moisture-related damages, and ability to conserve energy, extruded polystyrene will have a 38.5% market share in 2021. Its ability to suppress microbial or fungal growth in the insulated region should also aid in growth. Mineral wool has a market share of 14% in 2021 due to the product's outstanding characteristics, which include fire resistance, an effective heat barrier, environmental compatibility, and dimensional stability. Mineral wool's rise is expected to be driven by its increasing use in thermal barrier applications over the forecast period. Other materials, such as PU foam and PIR foam, will account for 6.5% of the market in 2021.
The Europe Building Insulation Materials Market is classified into three applications: roof, wall, and floor. With a market share of 37% in Europe, the wall segment dominates the Building Insulation Materials Market. In 2021, it used world-class architecture and upheld high energy-efficiency standards in residential and commercial constructions. Walls are critical in meeting a building's energy consumption targets. Due to the availability of business locations throughout Europe, particularly in emerging economies, the Roof Segment has a market share of 34% in 2021. Insulation materials are so important in the market that demand is expected to rise as the importance of meeting thermal construction criteria grows.
Europe Building Insulation Materials Market Regional Insights
Geographically, the report is divided into several key countries, with market size, growth rate, import and export of Europe Building Insulation Materials market in these countries, which cover North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the Europe Building Insulation Materials Market Report are:
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Europe Building Insulation Materials Market , Europe Motorized Quadricycle Market
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Mar 20, 2023
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