Europe Insulation Market Size & Outlook, 2023-2030
Europe insulation market, 2018-2030 (US$M)
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Europe insulation market highlights
- The Europe insulation market generated a revenue of USD 17,155.6 million in 2023.
- The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating application in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 17,155.6 million |
| Market revenue in 2030 | USD 25,335.5 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | 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, Europe region accounted for 26.3% 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 |
|---|
Europe 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.
Residential was the largest segment with a revenue share of 18.67% in 2023. Horizon Databook has segmented the Europe insulation market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
High insulation demand from residential buildings is expected to drive the European market growth over the forecast period. The market in the region is governed by stringent regulations from European Commission and REACH. EU initiatives to promote thermal insulation as a means of energy conservation strategy are expected to drive Europe insulation market growth.
Increasing energy costs and high awareness among consumers regarding benefits of insulation are expected to have a positive impact on the regional market growth. The industrial insulation industry in Europe is focused towards achieving significant energy saving and emissions mitigation potential related to improved thermal insulation in EU27 industry.
This potential is currently untapped despite being cost-effective and this factor is slated to play a key role in wider application of industrial insulation products in various end use industries. Increasing importance for thermal insulation as a means to counter rising energy costs and improve energy efficiency of households is expected to drive its growth over the forecast period.
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Target buyers of Europe 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe insulation market , including forecasts for subscribers. This continent databook contains high-level insights into Europe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe insulation market size, by country, 2018-2030 (US$M)
Europe Insulation Market Outlook Share, 2023 & 2030 (US$M)
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