Europe Building & Industrial Insulation Material Market - Europe Building & Industrial Insulation Material Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031 -

Description

The Europe building & industrial insulation material market is projected to grow significantly, reaching a valuation of US$19.2 billion by 2031, up from US$16.8 billion in 2024, at a modest CAGR of 2.2% between 2024 and 2031. Increasing demand for sustainable building materials, stringent energy regulations, and growing renovation activities are driving this growth.

Market Insights

The Europe building & industrial insulation material market is witnessing dynamic growth driven by evolving construction practices and regulatory demands:

1.Eco-Friendly Focus: Rising emphasis on sustainable materials is fueling demand for insulation solutions that enhance energy efficiency and reduce carbon footprints.
2.Residential Dominance: The residential sector holds the largest market share due to renovation activities and government incentives to improve energy efficiency.
3.Innovation in Materials: Companies like Knauf Insulation and Rockwool International are investing in advanced insulation materials such as eco-friendly foamed plastics and mineral wool.
4.Carbon Neutrality Goals: EU policies targeting carbon neutrality by 2045 are fostering significant demand for energy-efficient buildings and insulation products.
5.Regional Leaders: Countries like Germany and the UK are key players, benefiting from renovation incentives and infrastructure development plans.
6.Market Stabilization: The stabilization of construction material prices is expected to facilitate more construction projects, positively impacting insulation demand.

Key Growth Drivers

1. Renovation Activities and Infrastructure Development

Renovation projects and infrastructure development are pivotal to market growth:

Urbanization and population growth are increasing the demand for modern housing and infrastructure.
Energy-efficient renovations are on the rise, with countries like Greece recording 21.2% growth in construction activities due to its Recovery and Resilience Plan.

2. Energy Efficiency Regulations

The European Union's ambitious targets to reduce greenhouse gas emissions have positioned energy efficiency as a critical strategy:

Regulations like the Energy Performance of Buildings Directive (EPBD) and Nearly Zero-Energy Buildings (NZEB) standards require improved building energy performance.
Insulation materials, including aerogel, vacuum insulation panels (VIPs), and phase change materials (PCMs), are emerging as high-performance solutions.

Challenges Facing the Market

1. Competition from Alternative Solutions

New insulation options such as spray foam, cellulose, and rigid foam boards are gaining traction due to superior thermal performance and sustainability, posing challenges for traditional materials like fiberglass and mineral wool.

2. Geopolitical and Economic Factors

Geopolitical tensions and economic slowdowns are impacting supply chains, material availability, and construction investments. These factors are creating obstacles to insulation market growth.

Opportunities in the Market

1. Strategic Acquisitions and Product Expansion

Key players are leveraging acquisitions to enhance market presence and innovation:

Recticel's acquisition of REX Panels & Profiles strengthens its insulated panels segment.
Knauf Insulation's Performance+(TM) portfolio, featuring asthma-friendly certifications, sets a new standard for sustainable insulation.

2. Product Launches Driving Sustainability

Innovative product launches are shaping the market's future:

Energystore and KORE are introducing low-carbon insulation products using BASF's Neopor(R) BMB technology.
Such initiatives align with increasing consumer demand for environmentally responsible materials.

Regional Insights

1. Germany: Strong Focus on Energy Efficiency

Germany remains a key player, despite challenges in its residential construction sector:

Rising mortgage rates and construction material costs have impacted investments, but energy-efficient renovations are driving demand.
The government's goal of achieving a carbon-neutral building stock by 2045 is expected to boost insulation material adoption.

2. United Kingdom: Legislative Push for Sustainability

The UK market is shaped by energy efficiency and sustainability initiatives:

Saint-Gobain's divestment of its Celotex PIR insulation activity highlights a focus on specialized, high-performance solutions.
Retrofits and innovations in spray foam, mineral wool, and wood fiber insulation are driving market growth.

Trends and Innovations

1. Advanced Insulation Technologies

Products like aerogels, VIPs, and PCMs are gaining popularity for their high thermal performance and alignment with EU energy efficiency goals.

2. Low-Carbon Footprint Materials

Companies are investing in sustainable materials to meet regulatory demands and consumer preferences for eco-friendly solutions.

3. Indoor Air Quality Focus

Knauf Insulation's products with asthma-friendly certifications are setting benchmarks for health-conscious building practices.

Competitive Analysis

The Europe building and industrial insulation material market is characterized by innovation and strategic moves by leading players:

Key Companies

Dow Inc.
Saint-Gobain S.A
Knauf Insulation
Rockwool International A/S
Kingspan Group Plc.
Recticel Group
BASF SE
Owens Corning Inc.
Armacell
Aspen Aerogels Inc.

Europe Building & Industrial Insulation Material Market is Segmented as-

By Product Type

Building Insulation
Foamed Plastics
Expanded Polystyrene (EPS)
Polyurethane and Polyisocyanurate
Extruded Polystyrene (xps)
Other Foamed Plastics
Fiberglass
Batts & Blankets
Loose Fill
Roof Deck Board
Pipe & Duct Wrap
Mineral or Stone Wool
Batts & Blankets
Board
Loose Fill
Biobased Materials
Wood
Denim
Sheep Wool
Hemp
Straw
Other Materials
Aerogels
Cellulose
Reflective Insulation & Radiant Barriers
Perlite
Vermiculite
Industrial Insulation
Fiberglass Insulation
Foamed Plastics
Mineral Wool

By End Use

Building
Residential
Commercial
Industrial
HVAC
OEMs
Marine
Oil & Gas
Power Plants

By Country

Germany
Italy
France
The United Kingdom
Spain
Russia
Rest of Europe

1. Executive Summary

1.1. Europe Building & Industrial Insulation Material Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunity
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Europe Building & Industrial Insulation Material Market Outlook, 2019 - 2031

3.1. Europe Building & Industrial Insulation Material Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Building Insulation
    - 3.1.1.1.1. Foamed Plastics
      - 3.1.1.1.1.1. Expanded Polystyrene (EPS)
      - 3.1.1.1.1.2. Polyurethane and Polyisocyanurate
      - 3.1.1.1.1.3. Extruded Polystyrene (xps)
      - 3.1.1.1.1.4. Other Foamed Plastics
    - 3.1.1.1.2. Fiberglass
      - 3.1.1.1.2.1. Batts & Blankets
      - 3.1.1.1.2.2. Loose Fill
      - 3.1.1.1.2.3. Roof Deck Board
      - 3.1.1.1.2.4. Pipe & Duct Wrap
  - 3.1.1.2. Mineral or Stone Wool
    - 3.1.1.2.1. Batts & Blankets
    - 3.1.1.2.2. Board
    - 3.1.1.2.3. Loose Fill
  - 3.1.1.3. Biobased Materials
    - 3.1.1.3.1. Wood
    - 3.1.1.3.2. Denim
    - 3.1.1.3.3. Sheep Wool
    - 3.1.1.3.4. Hemp
    - 3.1.1.3.5. Straw
  - 3.1.1.4. Other Materials
    - 3.1.1.4.1. Aerogels
    - 3.1.1.4.2. Cellulose
    - 3.1.1.4.3. Reflective Insulation & Radiant Barriers
    - 3.1.1.4.4. Perlite
    - 3.1.1.4.5. Vermiculite
- 3.1.2. Industrial Insulation
  - 3.1.2.1. Fiberglass Insulation
  - 3.1.2.2. Foamed Plastics
  - 3.1.2.3. Mineral Wool
  - 3.1.2.4. Misc.
3.2. Europe Building & Industrial Insulation Material Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Building
    - 3.2.1.1.1. Residential
    - 3.2.1.1.2. Commercial
  - 3.2.1.2. Industrial
    - 3.2.1.2.1. HVAC
    - 3.2.1.2.2. OEMs
    - 3.2.1.2.3. Marine
    - 3.2.1.2.4. Oil & Gas
    - 3.2.1.2.5. Power Plants
    - 3.2.1.2.6. Misc.
3.3. Europe Building & Industrial Insulation Material Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. Germany
  - 3.3.1.2. Italy
  - 3.3.1.3. France
  - 3.3.1.4. U.K.
  - 3.3.1.5. Spain
  - 3.3.1.6. Russia
  - 3.3.1.7. Rest of Europe

4. Germany Building & Industrial Insulation Material Market Outlook, 2019 - 2031

4.1. Germany Building & Industrial Insulation Material Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Building Insulation
    - 4.1.1.1.1. Foamed Plastics
      - 4.1.1.1.1.1. Expanded Polystyrene (EPS)
      - 4.1.1.1.1.2. Polyurethane and Polyisocyanurate
      - 4.1.1.1.1.3. Extruded Polystyrene (xps)
      - 4.1.1.1.1.4. Other Foamed Plastics
    - 4.1.1.1.2. Fiberglass
      - 4.1.1.1.2.1. Batts & Blankets
      - 4.1.1.1.2.2. Loose Fill
      - 4.1.1.1.2.3. Roof Deck Board
      - 4.1.1.1.2.4. Pipe & Duct Wrap
  - 4.1.1.2. Mineral or Stone Wool
    - 4.1.1.2.1. Batts & Blankets
    - 4.1.1.2.2. Board
    - 4.1.1.2.3. Loose Fill
  - 4.1.1.3. Biobased Materials
    - 4.1.1.3.1. Wood
    - 4.1.1.3.2. Denim
    - 4.1.1.3.3. Sheep Wool
    - 4.1.1.3.4. Hemp
    - 4.1.1.3.5. Straw
  - 4.1.1.4. Other Materials
    - 4.1.1.4.1. Aerogels
    - 4.1.1.4.2. Cellulose
    - 4.1.1.4.3. Reflective Insulation & Radiant Barriers
    - 4.1.1.4.4. Perlite
    - 4.1.1.4.5. Vermiculite
  - 4.1.1.5. Industrial Insulation
    - 4.1.1.5.1. Fiberglass Insulation
    - 4.1.1.5.2. Foamed Plastics
    - 4.1.1.5.3. Mineral Wool
    - 4.1.1.5.4. Misc.
4.2. Germany Building & Industrial Insulation Material Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Building
    - 4.2.1.1.1. Residential
    - 4.2.1.1.2. Commercial
  - 4.2.1.2. Industrial
    - 4.2.1.2.1. HVAC
    - 4.2.1.2.2. OEMs
    - 4.2.1.2.3. Marine
    - 4.2.1.2.4. Oil & Gas
    - 4.2.1.2.5. Power Plants
    - 4.2.1.2.6. Misc.
- 4.2.2. BPS Analysis/Market Attractiveness Analysis

5. Italy Building & Industrial Insulation Material Market Outlook, 2019 - 2031

5.1. Italy Building & Industrial Insulation Material Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Building Insulation
    - 5.1.1.1.1. Foamed Plastics
      - 5.1.1.1.1.1. Expanded Polystyrene (EPS)
      - 5.1.1.1.1.2. Polyurethane and Polyisocyanurate
      - 5.1.1.1.1.3. Extruded Polystyrene (xps)
      - 5.1.1.1.1.4. Other Foamed Plastics
    - 5.1.1.1.2. Fiberglass
      - 5.1.1.1.2.1. Batts & Blankets
      - 5.1.1.1.2.2. Loose Fill
      - 5.1.1.1.2.3. Roof Deck Board
      - 5.1.1.1.2.4. Pipe & Duct Wrap
  - 5.1.1.2. Mineral or Stone Wool
  - 5.1.1.3. Biobased Materials
  - 5.1.1.4. Other Materials
- 5.1.2. Industrial Insulation
  - 5.1.2.1. Fiberglass Insulation
  - 5.1.2.2. Foamed Plastics
  - 5.1.2.3. Mineral Wool
  - 5.1.2.4. Misc.
5.2. Italy Building & Industrial Insulation Material Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Building
    - 5.2.1.1.1. Residential
    - 5.2.1.1.2. Commercial
  - 5.2.1.2. Industrial
    - 5.2.1.2.1. HVAC
    - 5.2.1.2.2. OEMs
    - 5.2.1.2.3. Marine
    - 5.2.1.2.4. Oil & Gas
    - 5.2.1.2.5. Power Plants
    - 5.2.1.2.6. Misc.
- 5.2.2. BPS Analysis/Market Attractiveness Analysis

6. France Building & Industrial Insulation Material Market Outlook, 2019 - 2031

6.1. France Building & Industrial Insulation Material Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Building Insulation
    - 6.1.1.1.1. Foamed Plastics
      - 6.1.1.1.1.1. Expanded Polystyrene (EPS)
      - 6.1.1.1.1.2. Polyurethane and Polyisocyanurate
      - 6.1.1.1.1.3. Extruded Polystyrene (xps)
      - 6.1.1.1.1.4. Other Foamed Plastics
    - 6.1.1.1.2. Fiberglass
      - 6.1.1.1.2.1. Batts & Blankets
      - 6.1.1.1.2.2. Loose Fill
      - 6.1.1.1.2.3. Roof Deck Board
      - 6.1.1.1.2.4. Pipe & Duct Wrap
  - 6.1.1.2. Mineral or Stone Wool
  - 6.1.1.3. Biobased Materials
  - 6.1.1.4. Other Materials
- 6.1.2. Industrial Insulation
  - 6.1.2.1. Fiberglass Insulation
  - 6.1.2.2. Foamed Plastics
  - 6.1.2.3. Mineral Wool
  - 6.1.2.4. Misc.
6.2. France Building & Industrial Insulation Material Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Building
    - 6.2.1.1.1. Residential
    - 6.2.1.1.2. Commercial
  - 6.2.1.2. Industrial
    - 6.2.1.2.1. HVAC
    - 6.2.1.2.2. OEMs
    - 6.2.1.2.3. Marine
    - 6.2.1.2.4. Oil & Gas
    - 6.2.1.2.5. Power Plants
    - 6.2.1.2.6. Misc.
- 6.2.2. BPS Analysis/Market Attractiveness Analysis

7. U.K. Building & Industrial Insulation Material Market Outlook, 2019 - 2031

7.1. U.K. Building & Industrial Insulation Material Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Building Insulation
    - 7.1.1.1.1. Foamed Plastics
      - 7.1.1.1.1.1. Expanded Polystyrene (EPS)
      - 7.1.1.1.1.2. Polyurethane and Polyisocyanurate
      - 7.1.1.1.1.3. Extruded Polystyrene (xps)
      - 7.1.1.1.1.4. Other Foamed Plastics
    - 7.1.1.1.2. Fiberglass
      - 7.1.1.1.2.1. Batts & Blankets
      - 7.1.1.1.2.2. Loose Fill
      - 7.1.1.1.2.3. Roof Deck Board
      - 7.1.1.1.2.4. Pipe & Duct Wrap
  - 7.1.1.2. Mineral or Stone Wool
  - 7.1.1.3. Biobased Materials
  - 7.1.1.4. Other Materials
- 7.1.2. Industrial Insulation
  - 7.1.2.1. Fiberglass Insulation
  - 7.1.2.2. Foamed Plastics
  - 7.1.2.3. Mineral Wool
  - 7.1.2.4. Misc.
7.2. U.K. Building & Industrial Insulation Material Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Building
    - 7.2.1.1.1. Residential
    - 7.2.1.1.2. Commercial
  - 7.2.1.2. Industrial
    - 7.2.1.2.1. HVAC
    - 7.2.1.2.2. OEMs
    - 7.2.1.2.3. Marine
    - 7.2.1.2.4. Oil & Gas
    - 7.2.1.2.5. Power Plants
    - 7.2.1.2.6. Misc.
- 7.2.2. BPS Analysis/Market Attractiveness Analysis

8. Spain Building & Industrial Insulation Material Market Outlook, 2019 - 2031

8.1. Spain Building & Industrial Insulation Material Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Building Insulation
    - 8.1.1.1.1. Foamed Plastics
      - 8.1.1.1.1.1. Expanded Polystyrene (EPS)
      - 8.1.1.1.1.2. Polyurethane and Polyisocyanurate
      - 8.1.1.1.1.3. Extruded Polystyrene (xps)
      - 8.1.1.1.1.4. Other Foamed Plastics
    - 8.1.1.1.2. Fiberglass
      - 8.1.1.1.2.1. Batts & Blankets
      - 8.1.1.1.2.2. Loose Fill
      - 8.1.1.1.2.3. Roof Deck Board
      - 8.1.1.1.2.4. Pipe & Duct Wrap
  - 8.1.1.2. Mineral or Stone Wool
  - 8.1.1.3. Biobased Materials
  - 8.1.1.4. Other Materials
- 8.1.2. Industrial Insulation
  - 8.1.2.1. Fiberglass Insulation
  - 8.1.2.2. Foamed Plastics
  - 8.1.2.3. Mineral Wool
  - 8.1.2.4. Misc.
8.2. Spain Building & Industrial Insulation Material Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Building
    - 8.2.1.1.1. Residential
    - 8.2.1.1.2. Commercial
  - 8.2.1.2. Industrial
    - 8.2.1.2.1. HVAC
    - 8.2.1.2.2. OEMs
    - 8.2.1.2.3. Marine
    - 8.2.1.2.4. Oil & Gas
    - 8.2.1.2.5. Power Plants
    - 8.2.1.2.6. Misc.
- 8.2.2. BPS Analysis/Market Attractiveness Analysis

9. Russia Building & Industrial Insulation Material Market Outlook, 2019 - 2031

9.1. Russia Building & Industrial Insulation Material Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Building Insulation
    - 9.1.1.1.1. Foamed Plastics
      - 9.1.1.1.1.1. Expanded Polystyrene (EPS)
      - 9.1.1.1.1.2. Polyurethane and Polyisocyanurate
      - 9.1.1.1.1.3. Extruded Polystyrene (xps)
      - 9.1.1.1.1.4. Other Foamed Plastics
    - 9.1.1.1.2. Fiberglass
      - 9.1.1.1.2.1. Batts & Blankets
      - 9.1.1.1.2.2. Loose Fill
      - 9.1.1.1.2.3. Roof Deck Board
      - 9.1.1.1.2.4. Pipe & Duct Wrap
  - 9.1.1.2. Mineral or Stone Wool
  - 9.1.1.3. Biobased Materials
  - 9.1.1.4. Other Materials
- 9.1.2. Industrial Insulation
  - 9.1.2.1. Fiberglass Insulation
  - 9.1.2.2. Foamed Plastics
  - 9.1.2.3. Mineral Wool
  - 9.1.2.4. Misc.
9.2. Russia Building & Industrial Insulation Material Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Building
    - 9.2.1.1.1. Residential
    - 9.2.1.1.2. Commercial
  - 9.2.1.2. Industrial
    - 9.2.1.2.1. HVAC
    - 9.2.1.2.2. OEMs
    - 9.2.1.2.3. Marine
    - 9.2.1.2.4. Oil & Gas
    - 9.2.1.2.5. Power Plants
    - 9.2.1.2.6. Misc.
- 9.2.2. BPS Analysis/Market Attractiveness Analysis

10. Rest of Europe Building & Industrial Insulation Material Market Outlook, 2019 - 2031

10.1. Rest of Europe Building & Industrial Insulation Material Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 10.1.1. Key Highlights
- 10.1.2. Building Insulation
- 10.1.3. Industrial Insulation
  - 10.1.3.1. Fiberglass Insulation
  - 10.1.3.2. Foamed Plastics
  - 10.1.3.3. Mineral Wool
  - 10.1.3.4. Misc.
10.2. Rest of Europe Building & Industrial Insulation Material Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Building
    - 10.2.1.1.1. Residential
    - 10.2.1.1.2. Commercial
  - 10.2.1.2. Industrial
    - 10.2.1.2.1. HVAC
    - 10.2.1.2.2. OEMs
    - 10.2.1.2.3. Marine
    - 10.2.1.2.4. Oil & Gas
    - 10.2.1.2.5. Power Plants
    - 10.2.1.2.6. Misc.
- 10.2.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Manufacturer vs by End Use Heatmap
11.2. Company Market Share Analysis, 2023
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. Dow Inc.
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. Saint-Gobain S.A
- 11.4.3. Rockwool International A/S
- 11.4.4. Knauf Insulation
- 11.4.5. Owens Corning Inc.
- 11.4.6. BASF SE
- 11.4.7. Recticel Group
- 11.4.8. Cabot Corporation
- 11.4.9. Covestro AG
- 11.4.10. Kingspan Group Plc.
- 11.4.11. Armacell
- 11.4.12. KCC Corporation
- 11.4.13. Aspen Aerogels Inc.
- 11.4.14. CNBM Group Co. Ltd.
- 11.4.15. Huntsman International LLC

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations