Global Roof Insulation Market- Industry Analysis and Forecast (2020-2027)




The global roof insulation market was valued at US$ 3.26 Bn in 2019 and is expected to reach 18.24 Bn by 2027, at a CAGR of 5.2% during a forecast period.



Global Roof Insulation Market

Market Definition:

Roof insulation is a material combination of two or more materials which is utilized to avoid heat gain or heat loss to save the valuable energy. The material is accessible in any shape and size, according to different applications. Roof insulation acts as an obstruction for heat loss and heat gain, mainly in roofs and ceilings, walls, and floors.

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.

Market Growth Factor:

Innovation in the construction of developed and developing countries, serving construction industries to grow, concurrently it will help the mechanical hand tool market to flourish in the coming years. Numerous characteristics of material like barrier to heat loss and heat gain, are making this primarily preferred from different sectors including heat, sound, and electricity insulation. The significant drivers for the growth of the insulation products market is recorded to boom in consumer awareness concerning energy conservation and rise in construction and industrial activities. Utilization of insulation products can be found in households, commercial, and industries applications. Fire resistance property of fiber glass will rule the overall market demand in coming year thus making this product popular in developing economies like China, India with presence of major vendors in the region. New emerging companies with modest price for roof insulation materials are boosting the competition in the market and is expected to generate numerous employment globally which will help the global roof insulation market to grow. On the other hand, growing awareness and bending interest towards energy conservation in the construction sector is expected to escalate the market demand in this sector in coming years.

Moreover, presence of number of substitutes in the market will hinder the market growth during 2020-2027.

Roof Insulation Market Segment analysis:

By the application segment, flat roof sub-segment is expected to dominate the raise during estimated years. The same sub-segment accounted for the leading market share in 2019 and is calculated to expand at a CAGR of X.23 % over the forecast period owing to the increasing preference of flat roof over others in urban areas. Foremost motive to prefer flat roofs are cost-efficient roof slopes, accessibility to utilise all room space in presence of such roofs. Additionally, flat roofs are easy to install solar systems and tends to gain heat because of the direct solar energy falling on the roof. Thus, boosting the adoption of roof insulation for flat roof in developed and developing countries.

Roof Insulation Market Regional Analysis:

Regionally, the Asia Pacific is expected to dominate the roof insulation market and is expected to grow at a CAGR of X.02% during the forecast period. China is considered as the leading country because of rapid industrialization and development in construction sites. In APAC region, rising oil production in the economies of China and India and apprehensions related to significant energy wastage united with the demand for the materials in redecorating and renovation. Low cost of the product with availability of cheap labor cost in the region is another factor manufacturing industry are investing the market will help this market grow in near future.

The objective of the report is to present a comprehensive analysis of the Global Roof Insulation Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Roof Insulation Market dynamics, structure by analysing the market segments and project the Global Roof Insulation Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Roof Insulation Market make the report investor’s guide.

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Scope of Roof Insulation Market

Global Roof Insulation market, By Material

• Stone Wool
• Glass Wool
• Foamed Plastic
• Other
Global Roof Insulation market, By Type

• Batts and Rolls
• Rigid Insulation
• Reflective Systems
• Others
Global Roof Insulation market, By Application

• Flat Roof
• Pitched Roof
Global Roof Insulation Market, By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Roof Insulation Market,

• BASF
• Berkshire Hathaway
• Rockwool International
• Paroc
• Kingspan
• Owens Corning
• Knauf Insulation
• Saint-Gobain
• GAF
• Beijing New Building Material
• The 3M Company
• The Dow Chemical Company
• Compagnie De Saint-Gobain S.A.
• Kingspan Group PLC
• Paroc Group Oy
• Rockwool International A/S

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