Japan Building Thermal Insulation Market Size & Outlook
Japan building thermal insulation market, 2018-2030 (US$M)
Related Markets
Japan building thermal insulation market highlights
- The Japan building thermal insulation market generated a revenue of USD 625.4 million in 2022 and is expected to reach USD 991.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.9% 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 625.4 million |
| Market revenue in 2030 | USD 991.6 million |
| Growth rate | 5.9% (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, Japan accounted for 2.6% 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 32.09% in 2022. Horizon Databook has segmented the Japan 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.
Sluggish economic growth in Japan due to a slump in private sector demand net trade is expected to have a negative impact on new construction activities in the country, which is likely to hamper the growth of building thermal insulation market.
Furthermore, the country experienced spillover effects of the slowdown in the economy of China, which had a negative impact on the commodity trade between China and Japan. Despite the weakness in domestic consumption and business investments, improvements in the rate of employment and rising per capita income are expected to result in a modest economic recovery in Japan over the forecast period.
Declining growth of the construction sector owing to the slowdown in residential construction activities in Japan is expected to negatively impact the demand for building thermal insulation over the forecast period. However, government investments in the expansion of electricity capacity and bullet train network are projected to boost infrastructure development activities in the country.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan building thermal insulation market size, by product, 2018-2030 (US$M)
Japan Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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