Malaysia Building Thermal Insulation Market Size & Outlook
Malaysia building thermal insulation market, 2018-2030 (US$M)
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Malaysia building thermal insulation market highlights
- The Malaysia building thermal insulation market generated a revenue of USD 102.1 million in 2022 and is expected to reach USD 163.2 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 6% 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 102.1 million |
| Market revenue in 2030 | USD 163.2 million |
| Growth rate | 6% (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, Malaysia accounted for 0.4% 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 31.44% in 2022. Horizon Databook has segmented the Malaysia 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 demand for building thermal insulation in Malaysia is proportional to the construction activities in the country, which are expected to grow in line with the country’s expanding economy. The growth of construction sector is expected to be driven by increasing demand for affordable housing coupled with investments by the private sector in the construction of industrial infrastructure.
Construction sector in the country is further expected to witness growth owing to the upskilling of the labor force and substantial investments in infrastructure supporting trade, digitization, and urbanization. The aforementioned factors are expected to spur construction activities, thereby propelling the product demand over the forecast period.
Although building & construction industry in Malaysia experienced a slowdown over the past couple of years due to rising inflation and currency depreciation, the industry has made a quick recovery and is expected to witness robust growth over the forecast period. This, in turn, is anticipated to propel the product demand over the forecast period.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Malaysia building thermal insulation market size, by product, 2018-2030 (US$M)
Malaysia Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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