Indonesia Building Thermal Insulation Market Size & Outlook
Indonesia building thermal insulation market, 2018-2030 (US$M)
Related Markets
Indonesia building thermal insulation market highlights
- The Indonesia building thermal insulation market generated a revenue of USD 202.9 million in 2022 and is expected to reach USD 344.5 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 6.8% 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 202.9 million |
| Market revenue in 2030 | USD 344.5 million |
| Growth rate | 6.8% (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, Indonesia accounted for 0.8% 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 31.89% in 2022. Horizon Databook has segmented the Indonesia 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.
Building & construction industry in Indonesia is expected to be driven by factors such as growing population, substantial infrastructural investments, and rapid urbanization, resulting in an unprecedented growth of building thermal insulation market.
A deficit of 20 million homes in Indonesia is expected to offer a lucrative opportunity for the growth of residential construction sector in the country, thereby leading to a robust increase in the product demand over the forecast period.
Moreover, the launch of the One Million Houses Program by President Joko Widodo in 2015 is projected to boost residential construction sector over the forecast period, consequently propelling the product demand.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Indonesia building thermal insulation market size, by product, 2018-2030 (US$M)
Indonesia Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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