LONDON, Oct. 19, 2016 /PRNewswire/ -- The global roof insulation market is expected to reach USD 10.85 billion by 2021, at a CAGR of 4.3% between 2016 and 2021. The stringent regulatory environment pertaining to the reduction of greenhouse gases and expanding construction industry are some of the factors that are expected drive the growth of the global roof insulation market.
"Pitched roof: the fastest-growing application segment of the global roof insulation market"
One or more roof surfaces of a pitched roof is pitched more than 10° and two of its slopes meet at a central ridge. This type of roof is ideal for areas where there are heavy rains and snowfalls. Pitched roof is comparatively easy to insulate, which makes it a favorable choice for residential projects. Increasing demand from new construction activities, especially in the emerging economies across the globe, are expected to drive the growth for the market. Fiberglass, stone wool, foam board, and PUR insulation are the materials that are majorly used for insulating pitched roof.
"Rigid insulation is the fastest-growing type segment in the global roof insulation market"
Rigid insulation is the fastest-growing segment of the global roof insulation market. Rigid insulation possesses qualities such as high R-value and compact design, which makes it favourable for applications where space is limited. This has led to an increased demand for rigid insulation from contractors as well as individuals, and is expected to drive the growth of the market in the coming years.
"Asia-Pacific is the fastest-growing region in the global roof insulation market"
Asia-Pacific is the fastest-growing market for global roof insulation, globally. The energy-saving initiatives and modifications in building regulations have aided the growth of the market in the region. 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. Some of the key players operational in the market in Asia-Pacific are Knauf Insulation (U.S.), Uralita (Spain), Rockwool International (Denmark), Rectical (Belgium), Kingspan (Ireland), Saint Gobain (France), and BASF SE (Germany).
Primary interviews with market experts have been conducted across four major regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The primary participants considered for the study are C-level, Director-level, and other executives of the tier 1, tier 2, and tier 3 companies.
- By Company Type - Tier 1-45%, Tier 2-22%, Tier 3-33%
- By Designation – C Level-50%, Director level-10%, Others-40%
- By Region - Europe-33%, North America-17%, Asia-Pacific-17%, Middle East & Africa-25%, Latin America-8%
The key companies operational in the market are 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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- This report includes the market statistics pertaining to the market segments based on application, type, material, and geography, along with their respective revenues.
- The Porter's Five Forces framework has been utilized, along with the value chain analysis, to provide an in-depth insight into the roof insulation market.
- Major drivers, restraints, and opportunities of the roof insulation market have been detailed in this report.
- A detailed competitive landscape includes key players and their in-depth analysis.
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