Asia Pacific Building Thermal Insulation Market Size & Outlook
Asia Pacific building thermal insulation market, 2018-2030 (US$M)
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Asia Pacific building thermal insulation market highlights
- The Asia Pacific building thermal insulation market generated a revenue of USD 5,116.2 million in 2022.
- The market is expected to grow at a CAGR of 7% from 2023 to 2030.
- In terms of segment, eps was the largest revenue generating product in 2022.
- EPS is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 5,116.2 million |
| Market revenue in 2030 | USD 8,787.9 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Eps |
| Fastest growing segment | EPS |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glass Wool, Mineral Wool, EPS, XPS, Cellulose, PIR, PUR |
| Key market players worldwide | Rockwool AS Class B, GAF, Guardian Capital Group Ltd, Huntsman Corp, Johns Manville, Atlas Roofing, CertainTeed Corporation, Dow Building Solutions, Owens-Corning Inc, Compagnie de Saint-Gobain SA, Kingspan Group PLC, Cellofoam, Rockwool, Byucksan, BASF |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.9% of the global building thermal insulation market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,787.9 million by 2030.
Eps was the largest segment with a revenue share of 30.81% in 2022. Horizon Databook has segmented the Asia Pacific building thermal insulation market based on glass wool, mineral wool, eps, xps, cellulose, pir, pur covering the revenue growth of each sub-segment from 2018 to 2030.
The building thermal insulation market in Asia Pacific is expected to exhibit the fastest growth over the forecast period, owing to the massive potential of the construction industry in the region. Construction industry in Asia Pacific is expected to outperform on account of rising per capita income, rapid urbanization, and growing population.
The major economies in the region are anticipated to flourish over the forecast period on account of massive investments by various governments for the development of public infrastructure and the expansion of residential construction sector, which is expected to benefit the product demand in Asia Pacific.
The product is extensively used to increase the energy efficiency of a structure by reducing the overall energy consumption for HVAC applications. However, low product penetration in the region owing to lack of awareness regarding its benefits may hamper the market growth.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific building thermal insulation market size, by country, 2018-2030 (US$M)
Asia Pacific Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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