Brazil Building Thermal Insulation Market Size & Outlook
Brazil building thermal insulation market, 2018-2030 (US$M)
Related Markets
Brazil building thermal insulation market highlights
- The Brazil building thermal insulation market generated a revenue of USD 227.6 million in 2022 and is expected to reach USD 357.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.8% from 2023 to 2030.
- In terms of segment, glass wool was the largest revenue generating product in 2022.
- EPS is the most lucrative product segment registering the fastest growth during the forecast period.
Building thermal insulation market data book summary
| Market revenue in 2022 | USD 227.6 million |
| Market revenue in 2030 | USD 357.9 million |
| Growth rate | 5.8% (CAGR from 2022 to 2030) |
| Largest segment | Glass wool |
| Fastest growing segment | EPS |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 0.9% of the global building thermal insulation market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil building thermal insulation market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 173.0 million by 2030.
Glass wool was the largest segment with a revenue share of 41.52% in 2022. Horizon Databook has segmented the Brazil 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 growth in construction sector in Brazil was stagnant for the past few years on account of the restricted credit supply, rising economic recession, and declining demand from the residential and nonresidential building segments.
In addition, the corruption scandal by Brazil’s Petrobras caused a negative impact on the major construction companies’ operation in the country by causing delay in several projects, triggering the sale of emergency assets and postponing the investments.
The deficiencies in the country’s existing infrastructure coupled with declining government intervention is projected to result in a market-friendly environment boosting the foreign and private investments by the acquisition of small and medium-scale players.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil building thermal insulation market size, by product, 2018-2030 (US$M)
Brazil Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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