China Insulation Market Size & Outlook, 2023-2030
China insulation market, 2018-2030 (US$M)
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China insulation market highlights
- The China insulation market generated a revenue of USD 17,123.8 million in 2023 and is expected to reach USD 28,837.3 million by 2030.
- The China market is expected to grow at a CAGR of 7.7% 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.
Insulation market data book summary
| Market revenue in 2023 | USD 17,123.8 million |
| Market revenue in 2030 | USD 28,837.3 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Non-residential |
| Fastest growing segment | Non-Residential |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 26.3% of the global insulation market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China insulation market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 28,837.3 million by 2030.
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Insulation Market Scope
Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 19.21% in 2023. Horizon Databook has segmented the China insulation market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
China has witnessed the enforcement of energy saving regulations thus contributing to a significant rise in thermal insulation product demand. According to these regulations, it is imperative for all building constructed in China to obtain a certificate of building energy saving. The concerned construction departments have the authority to grant these certificates.
In order to comply with the prescribed energy saving guidelines, buildings use insulation materials as they result in energy savings. Such trends have benefitted the market in the country in the recent past and this trend is anticipated to continue over the forecast period.
The rising disposable income coupled with the rising standard of living, along with rapid urbanization in the country has spurred a rise in demand for heating and air conditioning equipment, thus contributing to a rise in demand for thermal insulation.
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Target buyers of China 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 country-level data and insights on the China insulation market , including forecasts for subscribers. This country databook contains high-level insights into China insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China insulation market size, by application, 2018-2030 (US$M)
China Insulation Market Outlook Share, 2023 & 2030 (US$M)
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