The report “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“ published by MarketsandMarkets, states 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 factors 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 environments in developed countries such as US, Canada, and Germany to reduce greenhouse gas emissions.
Flat roof adoption is expected to increase
According to MarketsandMarkets, a flat roof is the most cost-efficient roof shape. There is an increase in the adoption of flat roofs in the commercial building sector as they are capable of absorbing a high amount of solar energy. Fiber glass, stone wool, foam board, and PUR insulation are the materials mainly used for insulating flat roofs.
Batts and rolls is the major type of roof insulation
The batts and rolls segment is the largest contributor to the global roof insulation market, by type. More than one-third of global roof insulation produced is consumed in the form of batts and rolls. The growth of this segment is mainly attributed to the easy installation and availability. Companies manufacture almost every insulation material in the form of batts and rolls.
Glass wool is the most commonly used material in the roof insulation market
Glass wool dominates the global roof insulation market. Increasing demand from new construction around the globe is driving this growth. 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 insulation material for roofs.
Europe dominates the global roof insulation market
Europe is the most dominant region within the global roof insulation market. It is estimated to experience a comparatively slower growth than other regions as some of these countries are experiencing economic downturns which significantly impact the European construction sector. However, energy-saving initiatives and continuous modifications in 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).
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SOURCE MarketsandMarkets
