Germany Insulation Market Size & Outlook, 2023-2030
Germany insulation market, 2018-2030 (US$M)
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Germany insulation market highlights
- The Germany insulation market generated a revenue of USD 3,564.3 million in 2023 and is expected to reach USD 5,524.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.5% 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.
Insulation market data book summary
| Market revenue in 2023 | USD 3,564.3 million |
| Market revenue in 2030 | USD 5,524.5 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | 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, Germany accounted for 5.5% of the global insulation market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany insulation market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 5,524.5 million by 2030.
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Insulation Market Scope
Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 17.17% in 2023. Horizon Databook has segmented the Germany insulation market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
The government of Germany has put up a plan to make all its building carbon neutral by 2050. Heating accounts for a major share of German household consumption. Efforts are being taken in the country to decrease this share. Efforts are being taken across the country, to decrease this share. Insulation products aid in these efforts.
Hence, the rising awareness in the country regarding the usage of insulation products for decreasing energy consumption on heating is expected to benefit the insulation market growth in the country. In 2016, the number of residential permits granted in Germany witnessed a significant growth.
The Federal Statistics Office of the country gave approvals and permits for 72,335 new residential buildings and the construction work of 12,454 existing buildings. Such trends reflected that the construction sector in the country is bound to be the prime driver for the overall growth of the German economy.
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Target buyers of Germany 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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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 country-level data and insights on the Germany insulation market , including forecasts for subscribers. This country databook contains high-level insights into Germany insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany insulation market size, by application, 2018-2030 (US$M)
Germany Insulation Market Outlook Share, 2023 & 2030 (US$M)
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