Roof Insulation Market Size, Share, Growth Report 2032

Global Roof Insulation Market: Overview

The Roof Insulation Market is set for rapid growth over the forecast period. In terms of revenue, the global roof insulation market accounted for USD 10 Billion in 2019 and is expected to reach USD 13.42 Billion by 2026, growing at a CAGR of 4.3%.

Roof insulation is used to minimize the diffusion of energy, moisture, heat, sound, and shock from one medium to another. This aims to minimize noise emissions, enhance comfort, reduce energy costs, and preserve a healthier atmosphere. Insulation has been a major component of the roof assembly and the structural deck and membrane functions. It makes the house colder in winter and hotter in summer, lowers costs for gas and power, reduces outdoor noise, and tends to decrease the house's carbon footprint.

Request Free Sample

Global Roof Insulation Market: Growth Factors

Tax incentives, strict government environmental regulations, and the rise in new building activities are some of the key factors responsible for the development of the global roof insulation industry. Nevertheless, the lack of knowledge of suitable insulating materials and sluggish development in the building sector is hampering the growth of the global industry. The arrival of new companies with affordable pricing for insulation and roofing materials and the growing interest in energy-efficient buildings in the construction industry are some of the influential factors driving the global market. Also, increased demand for isolating materials in extreme weather countries would encourage the development of insulating materials.

Global Roof Insulation Market: Segmentation

The global roof insulation market is categorized as batts & rolls, reflective systems, and rigid insulation, out of which the batts & rolls are the dominant segments around the globe as it gives proper insulation, are cost-effective, and are easy to use as well. It is also available in the form of panels and rolls which are pre-cut. Owing to its versatility, it is simple to mount between blocks of studs and joists without gaps. Such insulation is capable of reducing the amount of energy used to cool and heat the building by 50 percent. Based on material type, the global roof insulation market is segmented into stone wool, plastic foam, and glass wool. Of these, glass wool is the world's leading segment and highly favored roof insulation material, and its development is expected to continue in the immediate future. Along with exceptional mechanical and thermal properties, it is non-degradable, less costly, and non-combustible. Based on the application, the global roof insulation market is divided into flat roofs and pitched roofs. The flat roof application segment is anticipated to dominate the overall market as they are cost-effective roof slopes and all room space can be completely used. Also, because of the direct solar energy falling on the roof, flat roofs tend to gain heat.

Global Roof Insulation Market: Regional Analysis

Europe is the dominant market for roof insulation; the rise in residential and non-residential construction in this region is expected to foster the growth of the global market for roof insulation. Due to growth in industrialization, North America is the second-largest market that is growing at a faster rate. Soon, the Asia Pacific roof insulation market will experience higher growth. The global roof insulation market is triggered by environmental concerns about buildings and energy savings in countries such as China and India.

Global Roof Insulation Market: Competitive Players

Some of the key players in the roof insulation market are Knauf Insulation GmbH, Berkshire Hathaway, Inc., Owens Corning Corporation, BASF, Saint-Gobain, Paroc, Rockwool International A/S, 3M, and Kingspan Group PLC among others.

Global Roof Insulation Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa