UK Building Thermal Insulation Market Size & Outlook
UK building thermal insulation market, 2018-2030 (US$M)
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UK building thermal insulation market highlights
- The UK building thermal insulation market generated a revenue of USD 1,117.6 million in 2022 and is expected to reach USD 1,758.0 million by 2030.
- The UK market is expected to grow at a CAGR of 5.8% 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 1,117.6 million |
| Market revenue in 2030 | USD 1,758.0 million |
| Growth rate | 5.8% (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, UK accounted for 4.6% 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 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 31.89% in 2022. Horizon Databook has segmented the UK 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 building thermal insulation market in the UK is expected to be driven by a strong growth in construction and refurbishment activities in key sectors such as housing, offices, educational institutes, hotels & restaurants, resorts, transport buildings, and online retail warehousing.
However, weakened commercial and industrial activities in the country coupled with uncertainty in the industrial sector due to Brexit may lead to a moderate product demand over the forecast period.
The government of UK has established various energy-efficiency legislation and initiatives, such as Energy Company Obligation (ECO), in order to reduce the overall carbon emission, which, in turn, is projected to propel the demand for building thermal insulation, to reduce the overall energy consumption of the building.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK building thermal insulation market size, by product, 2018-2030 (US$M)
UK Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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