PUBLISHER: Market Research Future | PRODUCT CODE: 1656052
PUBLISHER: Market Research Future | PRODUCT CODE: 1656052
Report on Asia-Pacific Roof Insulation Market Research Information By Type (Batts & Rolls, Spray Foam, Rigid Insulation, Reflective Systems, Others) By Material (Plastic Foam, Glass Wool, Stone Wool, Others), By Application (Commercial, Residential) By Slope (Flat, Pitched) and By Country (China, Japan, South Korea, Malaysia, Indonesia, Thailand, Vietnam, Australia & New Zealand), by Country Forecast to 2032
Market Analysis
In 2023, the Asia-Pacific Roof Insulation Market Size was estimated to be USD 5,431.9 million.
The Asia-Pacific Roof Insulation Market is anticipated to experience a compound annual growth rate (CAGR) of 6.6% from USD 5,783.9 million in 2024 to USD 9,628.3 million by 2032.
The Asia Pacific region may experience an accelerated adoption of roof insulation during the forecast period due to the increasing demand from the residential and commercial sectors. Infrastructure has consistently been recognized as a critical component of economic development; however, it has garnered considerable renewed attention in recent years. The demand for roof insulation in developing countries has been prompted by the necessity of sustainable infrastructure to address the challenges posed by climate change. The Chinese government's 14th Five-Year Plan, which delineates the country's development priorities for 2021-2025, has prioritized the development of new infrastructure initiatives in transportation, energy, water systems, and urbanization, as per the International Trade Administration. The anticipated total investment in new infrastructure during this plan period is a colossal 27 trillion yuan (approximately $4.2 trillion), as per estimates. The plan also emphasizes nine critical components for the advancement of energy efficiency and green building development. These include the retrofitting of more than 350 million square meters of existing buildings and the construction of over 50 million square meters of net-zero energy consumption buildings. The Chinese government's ambitious objectives have resulted in a substantial demand for energy-efficient building materials, including roof insulation, throughout the APAC region.
Batts & Rolls, Spray Foam, Rigid Insulation, Reflective Systems, and Others comprise the Asia-Pacific Roof Insulation Market segmentation.
The Asia-Pacific Roof Insulation Market is segmented by material into the following categories: Plastic Foam, Glass Wool, Stone Wool, and Others.
Based on slope, the Asia-Pacific Roof Insulation Market has been segmented into two categories: Flat and Pitched.
The Asia-Pacific Roof Insulation Market has been segmented into Commercial and Residential based on Application.
Regional Perspectives
The Asia-Pacific Roof Insulation market is segmented into the following countries: China, Japan, South Korea, Malaysia, Indonesia, Thailand, Vietnam, Australia, and New Zealand. The China Roof Insulation market is anticipated to account for a substantial revenue share during the forecast period and maintained the highest market share. The demand in the APAC roof insulation market is significantly influenced by the rapid expansion of the construction industry in China. In recent years, China has experienced a significant increase in the number of residential, commercial, and industrial construction projects, as it is one of the world's largest and fastest-growing economies. The region has experienced a significant demand for high-performance roof insulation products because of the construction surge, which has been driven by urbanization, infrastructure development, and higher living standards.
Key Participants
Sika Group, BASF SE, Kingspan Group Plc (Kingspan), Rockwool International A/S, Knauf Insulation (Knauf), Johns Manville, Aerofoam, Protek Asia Ltd, Saint-Gobain, and Technonicol are the primary participants in the Asia-Pacific Roof Insulation Market.