Italy Insulation Market Size & Outlook, 2023-2030
Italy insulation market, 2018-2030 (US$M)
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Italy insulation market highlights
- The Italy insulation market generated a revenue of USD 2,218.6 million in 2023 and is expected to reach USD 3,446.0 million by 2030.
- The Italy 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 2,218.6 million |
| Market revenue in 2030 | USD 3,446.0 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, Italy accounted for 3.4% 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 |
|---|
Italy 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 19.21% in 2023. Horizon Databook has segmented the Italy insulation market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
The construction sector in Italy witnessed growth in investments in the sector, driven by resumed public infrastructure development by the government. Though the sector observed a variable trend in the investments, the business confidence increased and was all time high than any other sector.
The demand for insulation is expected to be driven by energy redevelopment and building renovation projects in the country, coupled with tax incentives over the forecast period. The growth in residential construction activities, owing to increasing urbanization and population growth, is anticipated to propel the product demand for residential & commercial construction.
In addition, frequent incidences of earthquake in the country may propel renovation and rebuilding activities in construction sector, thereby further propelling the market growth. However, low spending capacity and stringent lending conditions by banks may result in reduced residential construction activity, which, in turn, is projected to hamper the product demand.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy insulation market , including forecasts for subscribers. This country databook contains high-level insights into Italy insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy insulation market size, by application, 2018-2030 (US$M)
Italy Insulation Market Outlook Share, 2023 & 2030 (US$M)
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