Germany Building Thermal Insulation Market Size & Outlook
Germany building thermal insulation market, 2018-2030 (US$M)
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Germany building thermal insulation market highlights
- The Germany building thermal insulation market generated a revenue of USD 1,712.2 million in 2022 and is expected to reach USD 2,565.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.2% 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 1,712.2 million |
| Market revenue in 2030 | USD 2,565.9 million |
| Growth rate | 5.2% (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, Germany accounted for 7.0% 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 Europe, Germany building thermal insulation market is projected to lead the regional market in terms of revenue in 2030.
- Poland is the fastest growing regional market in Europe and is projected to reach USD 487.3 million by 2030.
Glass wool was the largest segment with a revenue share of 34.41% in 2022. Horizon Databook has segmented the Germany 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.
Construction industry in Germany experienced significant growth over the last year, despite restrained economic growth, due to weak exports and faltered manufacturing sector. However, the residential construction sector is expected to witness substantial growth, driven by fiscal incentives to ease the housing shortage in the country.
The market is anticipated to witness a moderate growth over the forecast period owing to the significant product demand from residential sector in Germany. Residential construction is presumed to observe a strong growth fueled by rising per capita income, low interest rates, and rising number of immigrants.
The number of immigrants in Germany is expected to reach 10 million by 2020, in turn, driving the demand for new housing. Increasing demand has contributed to price pressure in the housing sector, especially in metro cities, making it difficult for lower and middle-class population to afford housing.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany building thermal insulation market size, by product, 2018-2030 (US$M)
Germany Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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