Description
Asia-Pacific Roof Insulation Market Analysis
Market Overview
The growth of the Asia-Pacific roof insulation market is attributed to the increasing demand for energy efficiency and the reduction of greenhouse gases. Furthermore, factors like more energy requirements are driving the market growth. However, a lack of awareness and potential health-related issues is anticipated to hamper the market growth.
Roof Insulation is used commercial and residential buildings for temperature controlling. Insulation materials are those which can prevent the transfer of heat, sound, and electricity from one side to another. Similarly, roof insulation prevents the heating of the house from solar radiation during hot days and from overcooling during colds. Moreover, it has the additional advantage of preventing noise transfer. Therefore, it helps in creating a peaceful and comfortable environment inside the house.
Market Segmentation
Based on type, the Asia-Pacific roof insulation market has been segmented into batts & rolls, spray applied, rigid insulation, reflective systems, and others.
The batts & rolls segment held the majority share in 2021 due to the cost-effectiveness, ease to use, and provide proper insulation. Furthermore, a majority of the insulant materials are manufactured in the form of batts & rolls in the Asia-Pacific, thus fueling the growth of the roof insulation market.
Based on material, the Asia-Pacific roof insulation market has been segmented into plastic foam, glass wool, stone wool, and others.
The glass wool segment held a significant share in 2021 due to the ease of use, physical stability, excellent mechanical & thermal properties, non-degradable, and less toxic. In addition, glass wool also possesses superior insulation in a wide range of temperatures ranging from -30 °C to 540 °C. Thus, fueling the growth of the Asia-Pacific roof insulation market.
Moreover, the growth in demand from residential and commercial applications is anticipated to boost the market growth due to numerous benefits, such as preservation of optimal room temperature in warmer & colder seasons, reduction in carbon footprint, power & gas bills, and noise cancellation. Furthermore, the growing consumer awareness and the development of new products will further fuel the industry revenue in Asia-Pacific.
Regional Analysis
Asia-Pacific roof insulation market provides the low cost of setting up manufacturing units, relatively cheap skilled labor, and less operational cost within the region. In addition, the reduction of greenhouse gases, low cost of renovation, and energy efficiency are also boosting the market growth.
Key factors attributed to its increasing demand for residential and commercial applications, and the presence of many market players in the region. The roof insulation market gives rise to environmental concerns regarding buildings and energy savings in countries such as China and India. The expansion of the construction industry in the Asia-Pacific leads to the development of the demand for roof insulation.
The construction industry in the Asia Pacific is worth USD 4.52 trillion and, according to ENG Cranes, is expected to reach USD 5.45 trillion by 2022. Additionally, energy-saving initiatives and modifications in building regulations have aided the growth of the market in this region.
Therefore, with the presence of emerging economies, such as China, Indonesia, and India the construction sector in this region is expected to witness significant growth in the coming years. This is consequently expected to lead to growth in the roof insulation market in Asia-Pacific.
Major Players
BASF SE, Saint-Gobain, ROCKWOOL Group, Kingspan Group Plc, and Berkshire Hathaway Inc. Knauf Insulation, Beijing New Building Material (Group) Co., Ltd., and Sika AG
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1.1 ASIA-PACIFIC ROOF INSULATION MARKET, BY TYPE
1.1.2 ASIA-PACIFIC ROOF INSULATION MARKET, BY MATERIAL
1.1.3 ASIA-PACIFIC ROOF INSULATION MARKET, BY APPLICATION
1.1.4 ASIA-PACIFIC ROOF INSULATION MARKET, BY COUNTRY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 ASSUMPTIONS & LIMITATIONS
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 BREAKDOWN OF PRIMARY RESPONDENTS
3.5 FORECASTING TECHNIQUES
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION
3.6.1 BOTTOM-UP APPROACH
3.6.2 TOP-DOWN APPROACH
3.7 DATA TRIANGULATION
3.8 VALIDATION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 RAPID URBANIZATION, ECONOMIC GROWTH, AND BOLSTERING INFRASTRUCTURAL PROJECTS
4.2.2 GROWING ADOPTION OF INSULATION MATERIALS FOR INCREASING ENERGY EFFICIENCY OF THE BUILDING
4.3 RESTRAINTS
4.3.1 POTENTIAL HEALTH AND ENVIRONMENTAL ISSUES TO ACT AS A RESTRAINING FACTOR
4.4 OPPORTUNITIES
4.4.1 RISING INTEREST IN GREEN ROOFS TO BOOST DEMAND FOR ROOF INSULATION
4.5 CHALLENGES
4.5.1 VOLATILITY IN RAW MATERIAL PRICES
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIAL SUPPLIERS
5.1.2 ROOF INSULATION MANUFACTURERS
5.1.3 DISTRIBUTION & SALES CHANNEL
5.1.4 APPLICATION
5.2 PORTER’S FIVE FORCES ANALYSIS
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
5.3 SUPPLY-DEMAND ANALYSIS
5.4 IMPACT OF COVID-19 OUTBREAK ON ASIA-PACIFIC ROOF INSULATION MARKET
5.4.1 IMPACT OF COVID-19 ON THE SUPPLY CHAIN OF ROOF INSULATION MARKET
5.4.2 APPLICATION INDUSTRY
6 ASIA-PACIFIC ROOF INSULATION MARKET, BY TYPE
6.1 OVERVIEW
6.1.1 ROOF INSULATION: MARKET ESTIMATES & FORECAST BY TYPE, 2019–2030
6.1.2 ROOF INSULATION: MARKET ESTIMATES & FORECAST BY TYPE, 2019–2030
7 ASIA-PACIFIC ROOF INSULATION MARKET, BY MATERIAL
7.1 OVERVIEW
7.1.1 ROOF INSULATION: MARKET ESTIMATES & FORECAST BY MATERIAL, 2019–2030
7.1.2 ROOF INSULATION: MARKET ESTIMATES & FORECAST BY MATERIAL, 2019–2030
8 ASIA-PACIFIC ROOF INSULATION MARKET, BY APPLICATION
8.1 OVERVIEW
8.1.1 ROOF INSULATION: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019–2030
8.1.2 ROOF INSULATION: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019–2030
9 ASIA-PACIFIC ROOF INSULATION MARKET, BY COUNTRY
9.1 OVERVIEW
9.2 CHINA
9.3 JAPAN
9.4 SOUTH KOREA
9.5 MALAYSIA
9.6 INDONESIA
9.7 THAILAND
9.8 VIETNAM
9.9 AUSTRALIA & NEW ZEALAND
9.10 REST OF ASIA-PACIFIC
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPETITIVE BENCHMARKING
10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES
10.3.1 PARTNERSHIP/COLLABORATION
10.3.2 MERGERS & ACQUISITIONS
11 COMPANY PROFILES
11.1 BASF SE
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL ANALYSIS
11.1.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGIES
11.2 SAINT-GOBAIN
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGIES
11.3 ROCKWOOL GROUP
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS/SERVICES/SOLUTIONS 0FFERED
11.3.4 KEY DEVELOPMENTS
11.3.5 SWOT ANALYSIS
11.3.6 KEY STRATEGIES
11.4 GAF
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIES
11.5 OWENS CORNING
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL ANALYSIS
11.5.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIES
11.6 BERKSHIRE HATHAWAY INC.
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS/SERVICES OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGIES
11.7 KNAUF INSULATION.
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIES
11.8 KINGSPAN GROUP PLC
11.8.1 COMPANY OVERVIEWS
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS/SERVICES SOLUTIONS OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 SWOT ANALYSIS
11.8.6 KEY STRATEGIES
11.9 BEIJING NEW BUILDING MATERIAL (GROUP) CO., LTD.
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS/SERVICES/SOLUTION OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIES
11.10 SIKA AG
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIES
12 APPENDIX
12.1 REFERENCES
12.2 RELATED REPORTS
