China Building Thermal Insulation Market Size & Outlook
China building thermal insulation market, 2018-2030 (US$M)
Related Markets
China building thermal insulation market highlights
- The China building thermal insulation market generated a revenue of USD 2,521.7 million in 2022 and is expected to reach USD 4,573.3 million by 2030.
- The China market is expected to grow at a CAGR of 7.7% 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.
Building thermal insulation market data book summary
| Market revenue in 2022 | USD 2,521.7 million |
| Market revenue in 2030 | USD 4,573.3 million |
| Growth rate | 7.7% (CAGR from 2022 to 2030) |
| Largest segment | Eps |
| 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, China accounted for 10.3% 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 Asia Pacific, China building thermal insulation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,319.4 million by 2030.
Eps was the largest segment with a revenue share of 30.33% in 2022. Horizon Databook has segmented the China 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.
China is expected to witness an increase in demand for building thermal insulation over the forecast period owing to the government emphasis on reducing the overall energy consumption. The implementation of China’s 13th Five-Year Plan (2016-2020) for economic and social development aims to optimize the energy system, promote energy consumption reform, and build a clean, decarbonized, safe, & efficient modern energy system.
This plan is expected to encourage the consumption of energyefficient products, thereby propelling the demand for building thermal insulation in order to reduce the energy consumption of buildings. However, a slowdown in the economic growth of China is likely to lead to a reduction in the construction activities, thereby restraining the market growth.
Growing urbanization in China is one of the primary factors boosting the growth of construction sector and consequently the demand for building thermal insulation. China has undergone a massive urbanization process that has transformed the country over the past decade.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China building thermal insulation market size, by product, 2018-2030 (US$M)
China Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
