Roof Insulation Market worth 10.85 Bn USD by 2021

Tuesday 12 July 2016, Amsterdam

The report, now available on ASDReports, "Roof Insulation Market by Application (Flat Roof, Pitched Roof), Type (Batts & Rolls, Rigid Insulation, Spray Applied, Reflective Systems, Others), Material (Glass Wool, Stone Wool, Plastic Foam, Others), Region (Europe, North America, Asia Pacific, MEA, Latin America) - Global Forecast to 2021", The global roof insulation market is expected to reach USD 10.85 Billion by 2021, at a CAGR of 4.3% from 2016 to 2021. Key driving factor for the growth of the roof insulation market are the growth of the construction industry in the emerging economies such as China, India, Brazil, and stringent regulatory environment in the developed countries such as US, Canada, & Germany to reduce green house gas emissions.

The flat roof segment anticipated to dominate the global roof insulation market, by application

A flat roof is the most cost-efficient roof shape. There is increase in adoption of flat roof in the commercial building sector as they are capable of absorbing a high amount of solar energy. Thus, increasing the demand for flat roof insulation. Fiber glass, stone wool, foam board, and PUR insulation are the materials majorly used for insulating flat roof.

Batts & rolls is the major type segment in the global roof insulation market

The batts & rolls segment is the largest contributor to the global roof insulation market, by type. More than one-third of the global roof insulation produced is consumed in the form of batts & rolls. The growth of this segment is mainly attributed to the easy installation and easy availibility. Hence, companies manufacture almost every insulant material in the form of batts and rolls.

Glass wool is the most commonly used material in the global roof insulation market

Glass wool dominates the global roof insulation market. Increasing demand from new construction around the globe is driving the growth of this segment. Glass wool is produced in rolls, blankets, slabs, and loose-fill with different thermal and mechanical properties. Glass wool materials are acoustic, flexible, non-combustible, non-degradable, lightweight, and are not very expensive in comparison to other insulating materials which makes it a widely used insulant material used for roof insulation.

Europe is the most dominant region in the global roof insulation market

Europe is the most dominant region within the global roof insulation market. It is estimated to witness a comparatively slower growth than other regions as some of the European countries are experiencing the economic downturn which significantly impacted the European construction sector. The energy-saving initiatives and continuous modifications in the building regulations have been helpful in supporting the market growth.

Some of the key players operating in the global roof insulation market include Rockwool International A/S (Denmark), Knauf Insulation GmbH (Germany), Saint-Gobain (France), Owens Corning Corporation (U.S.), Berkshire Hathaway, Inc. (U.S.), BASF (Germany), and Paroc (Finland).