Asia Pacific Insulation Market Size & Outlook, 2023-2030
Asia Pacific insulation market, 2018-2030 (US$M)
Related Markets
Asia Pacific insulation market highlights
- The Asia Pacific insulation market generated a revenue of USD 27,248.9 million in 2023.
- The market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, non-residential was the largest revenue generating application in 2023.
- Non-Residential is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 27,248.9 million |
| Market revenue in 2030 | USD 45,370.4 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Non-residential |
| Fastest growing segment | Non-Residential |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-Residential |
| Key market players worldwide | Rockwool AS Class B, Par Pacific Holdings Inc, Knauf |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.8% of the global insulation market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 45,370.4 million by 2030.
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Insulation Market Scope
Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific insulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to insulation market will help companies and investors design strategic landscapes.
Non-residential was the largest segment with a revenue share of 18.32% in 2023. Horizon Databook has segmented the Asia Pacific insulation market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing insulation demand in residential and non-residential construction is expected to drive insulation market growth over the forecast period. High urbanization rates and increasing number of cities in emerging markets of China and India along with other markets such as Indonesia, Malaysia, Thailand and Philippines is driving residential infrastructure growth.
Governments of China, India and Japan have been increasing their construction spending to improve public and commercial infrastructure. These trends coupled with energy conservation initiatives to reduce greenhouse gas emissions are expected to drive Asia Pacific insulation market growth over the forecast period.
Increasing demand for plastic foams such as PU, polystyrene, EPS and XPS for thermal and acoustic insulation in industries is expected to drive its growth over the next seven years. High plastic foam demand for thermal insulation in residential buildings coupled with flexible regulatory scenario in the region is expected to further complement the market growth over the forecast period.
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Target buyers of Asia Pacific insulation market databook
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Our clientele includes a mix of insulation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific insulation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific insulation market size, by country, 2018-2030 (US$M)
Asia Pacific Insulation Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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