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Active Insulation Market Overview
The Active Insulation Market size is forecast to reach $360 million by 2026, after growing at a CAGR of 6% during 2021-2026 due to increasing insulation demand in residential and commercial applications. Active insulation helps to cool down buildings during the summer period without opening windows or doors. Furthermore, glass wool and mineral wool active insulation products can control temperature fluctuations and reduce energy consumption. Hence, growing consumption in residential & commercial buildings is expected to grow the demand for active insulation materials. Active insulation materials prevent loss of heat from walls, roofs, and floors; also help in saving energy by reducing the consumption of electricity. In addition, expanded polystyrene insulation is mostly used in residential and commercial construction. It helps to create an envelope around the structure and covering wall to increase their resistance to heat transfer and moisture penetration. Thus, the market is expected to grow during the forecast period.
The global impacts of coronavirus disease significantly affected the active insulation industry market in 2020. COVID-19 has changed consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of government. However, the market is again affected after the second wave in 2021 which reduced the production of insulation materials and hampered the market growth.
Report Coverage
The report: “Active Insulation Market – Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Active Insulation Market Industry.
By Material: Minerals Wool (Glass Wool, Stone Wool, others), Plastic Foams (Polyurethane, Expanded Polystyrene, Extruded Polystyrene, Polystyrene, others), Cotton, and others
By Application: Building & Construction (Walls, Roofs, Floors, Others), Textile Industry, Sportwear, Food Packaging, Industrial Packaging (Medical Equipment, Consumer Goods, Electrical Goods, Others), and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, ANZ, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)
Key Takeaways
- The demand for active insulation in Asia Pacific region is rising due to the increasing focus towards modern infrastructural development and rising health awareness in Asian countries.
- Increasing demand for active insulation materials such as expanded polystyrene, mineral wool, glass wool, polyester in building applications such as external walls, roofs, and floors. These materials also improve indoor air quality.
- Increasing demand for active insulation materials because they maintain an inner temperature in building structures, which will create demand for the active insulation market.
Figure: APAC Active Insulation Market, 2021-2026 (US$ Million)
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Active Insulation Market Segment Analysis – By Material
Plastic foam segment held the primary product in the global active insulation market in 2020 due to widely used in the building & construction sector with their various properties such as resistance to heat transfer and moisture penetration. Polystyrene plastic foam is a colorless, transparent thermoplastic, which is commonly used in concrete block insulation. Expanded polystyrene has a closed-cell structure and allows only a little water absorption. Expanded polystyrene is extremely durable and reduces energy consumption. Hence, these are used as flotation material in the building & construction. Hence, plastic foam is widely used as active insulation material.
Active Insulation Market Segment Analysis – By Application
Building & construction sector held the largest share of the global active insulation market in 2020 and is growing at a CAGR of 6.2% during 2021-2026, as it is primarily used in commercial and industrial buildings for masonry walls. Active insulation materials such as expanded polystyrene are the most popular material used for external wall insulation, because of the low price and the better performance characteristics. Mineral wool and glass wool is also used in buildings due to their cost, easy availability, and excellent insulation performance. Hence, the growing building and construction sector is also estimated to grow the active insulation market. According to the US Census Bureau, new housing unit construction was 11,471 thousand units in 2019 in the United States and reached 3,642 units in 2020. Additionally, according to Central Sanctioning and Monitoring Committee (CSMC), 1,68,606 new homes were approved to construct in urban areas under Pradhan Mantri Awas Yojana in 2021 in India. The increasing demand for active insulation materials in building applications such as greenhouse gas emissions reduction and cost efficiency is estimated to grow the demand for active insulation materials.
Active Insulation Market Segment Analysis – By Geography
Asia Pacific dominated the active insulation market size in 2020 with 30%, due to rapid urbanization, rising infrastructure spending, and growing end-use sectors is expected to grow the consumption of active insulation materials. According to the India Brand Equity Foundation ( IBEF), the textile industry in India is estimated to reach about USD 223 billion in 2021. Additionally, according to the India Brand Equity Foundation (IBEF), the real state sector in India is expected to reach a market size of US$ 1 trillion by 2030 and will grow to (US$ 9.30 billion) by 2040. Furthermore, according to the National Bureau of Statistics, China's real estate market investment jumped from 15.7% in 2019 to 38.3% in January-February 2021. Furthermore, according to the Central Bureau Of Statistics, the total sales of built houses in Indonesia has increased by 12,033 units in 2018, as compared with 7,884 units in 2017. Thus, rising infrastructure is expected to grow the active insulation market.
Active Insulation Market Drivers
Growing Consumption of Active Insulation Materials
Increasing active insulation materials such as mineral wool, glass wool, polyester, expanded polystyrene, and others in residential and commercial applications due to consuming less energy and cost. Active insulation gives thermal barriers to the wall and for the betterment of the air-tightness of the buildings. In testing, buildings are reducing about 63% of heat with standard active insulation and minimum heat loss reduction was higher than 50% in the cold period. Expanded polystyrene lightweight with very low thermal conductivity (density 20 kg/m3 is 0.035 – 0.037 W/ (m·K) at 10 °C) and 100% recyclability, thus; it is used primarily in packaging. Hence, such properties are growing consumption of active insulation materials.
Robust Growing in Building & Construction
According to the Federal Office for Building and Regional Planning, Germany will require about 350,000 new housing units per year by end of 2021. Furthermore, According to the Statics of South Africa, GDP from construction in South Africa increased to ZAR 82,047.74 million (US$5,018.95 million) in the fourth quarter of 2020 from ZAR 79,899.25 million (US$4,887.51 million) in the third quarter of 2020. According to the National Bureau of Statistics (NBS), real estate investment in China rose 7.0% in 2020. Apart from this, according to the National Economic and Social Development Council (NESDC), the total construction spending rose by 1.5% (to THB1.321 trillion) including public sector spending rose by 5.0% in 2020 as compared to 3.1% in 2019. Hence, due to reduce maximum heat in the building during the summer is estimated to increase demand for active insulation materials.
Active Insulation Market Challenges
Volatility in Raw Material prices
Active insulation materials such as polystyrene made from styrene monomer which is a liquid petrochemical product. Meanwhile, the volatile crude oil prices in the market are expected to fluctuate the prices of insulation materials. According to the U.S. Energy Information Administration (EIA), crude oil prices were decreased by US$ 41.69 per barrel in 2020 compared to US$ 64.34 per barrel in 2019. According to BP static, Oil prices declined US$64.21/bbl in 2019 as compared with US$71.31/bbl in 2018. Hence, the fluctuation of crude oil prices may hamper the production of active insulation materials.
Active Insulation Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the active insulation market. Major players in the active insulation market are Polartec, PrimaLoft, Inc, W.L. Gore & Associates, Inc., INVISTA, Viridian, BASF Remmers UK Ltd., Unger Diffutherm GmbH, and HD Wool., and among others.
Relevant reports
Report Code: ESR 0081
Report Code: CMR 0700
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1. Active Insulation Market- Market Overview
1.1 Definitions and Scope
2. Active Insulation Market - Executive Summary
2.1 Key Trends by Material
2.2 Key Trends by Application
2.3 Key Trends by Geography
3. Active Insulation Market – Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Active Insulation Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Active Insulation Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Active Insulation Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Active Insulation Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Active Insulation Market – By Material (Market Size -$Million/Billion)
8.1 Minerals Wool
8.1.1 Glass Wool
8.1.2 Stone Wool
8.1.3 Others
8.2 Plastic Foams
8.2.1 Polyurethane
8.2.2 Expanded Polystyrene
8.2.3 Extruded Polystyrene
8.2.4 Polystyrene
8.2.5 Others
8.3 Cotton
8.4 Others
9. Active Insulation Market – By Application (Market Size -$Million/Billion)
9.1 Building & Construction
9.1.1 Walls
9.1.2 Roofs
9.1.3 Floors
9.1.4 Others
9.2 Textile Industry
9.3 Sportwear
9.4 Food Packaging
9.5 Industrial Packaging
9.5.1 Medical Equipment
9.5.2 Consumer Goods
9.5.3 Electrical Goods
9.5.4 Others
9.6 Others
10. Active Insulation Market - By Geography (Market Size -$Million/Billion)
10.1 North America
10.1.1 USA
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 UK
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 Netherlands
10.2.6 Spain
10.2.7 Russia
10.2.8 Belgium
10.2.9 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Australia and New Zeeland
10.3.6 Indonesia
10.3.7 Taiwan
10.3.8 Malaysia
10.3.9 Rest of APAC
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Colombia
10.4.4 Chile
10.4.5 Rest of South America
10.5 Rest of the World
10.5.1 Middle East
10.5.1.1 Saudi Arabia
10.5.1.2 UAE
10.5.1.3 Israel
10.5.1.4 Rest of the Middle East
10.5.2 Africa
10.5.2.1 South Africa
10.5.2.2 Nigeria
10.5.2.3 Rest of Africa
11. Active Insulation Market – Entropy
11.1 New Product Launches
11.2 M&As, Collaborations, JVs and Partnerships
12. Active Insulation Market – Industry/Segment Competition Landscape Premium
12.1 Company Benchmarking Matrix- Major Companies
12.2 Market Share at Global Level - Major companies
12.3 Market Share by Key Region - Major companies
12.4 Market Share by Key Country - Major companies
12.5 Market Share by Key Application - Major companies
12.6 Market Share by Key Product Type/Product category - Major companies
13. Active Insulation Market – Key Company List by Country Premium Premium
14. Active Insulation Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
14.1 Company 1
14.2 Company 2
14.3 Company 3
14.4 Company 4
14.5 Company 5
14.6 Company 6
14.7 Company 7
14.8 Company 8
14.9 Company 9
14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Active Insulation Market:Product Outlook Market 2019-2024 ($M)1.1 Textile Market 2019-2024 ($M) - Global Industry Research
1.2 Building Construction Market 2019-2024 ($M) - Global Industry Research
2.Global Active Insulation Market:Application Outlook Market 2019-2024 ($M)
3.Global Active Insulation Market:Product Outlook Market 2019-2024 (Volume/Units)
3.1 Textile Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Building Construction Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Active Insulation Market:Application Outlook Market 2019-2024 (Volume/Units)
5.North America Active Insulation Market:Product Outlook Market 2019-2024 ($M)
5.1 Textile Market 2019-2024 ($M) - Regional Industry Research
5.2 Building Construction Market 2019-2024 ($M) - Regional Industry Research
6.North America Active Insulation Market:Application Outlook Market 2019-2024 ($M)
7.South America Active Insulation Market:Product Outlook Market 2019-2024 ($M)
7.1 Textile Market 2019-2024 ($M) - Regional Industry Research
7.2 Building Construction Market 2019-2024 ($M) - Regional Industry Research
8.South America Active Insulation Market:Application Outlook Market 2019-2024 ($M)
9.Europe Active Insulation Market:Product Outlook Market 2019-2024 ($M)
9.1 Textile Market 2019-2024 ($M) - Regional Industry Research
9.2 Building Construction Market 2019-2024 ($M) - Regional Industry Research
10.Europe Active Insulation Market:Application Outlook Market 2019-2024 ($M)
11.APAC Active Insulation Market:Product Outlook Market 2019-2024 ($M)
11.1 Textile Market 2019-2024 ($M) - Regional Industry Research
11.2 Building Construction Market 2019-2024 ($M) - Regional Industry Research
12.APAC Active Insulation Market:Application Outlook Market 2019-2024 ($M)
13.MENA Active Insulation Market:Product Outlook Market 2019-2024 ($M)
13.1 Textile Market 2019-2024 ($M) - Regional Industry Research
13.2 Building Construction Market 2019-2024 ($M) - Regional Industry Research
14.MENA Active Insulation Market:Application Outlook Market 2019-2024 ($M)
LIST OF FIGURES
1.US Active Insulation Market Revenue, 2019-2024 ($M)2.Canada Active Insulation Market Revenue, 2019-2024 ($M)
3.Mexico Active Insulation Market Revenue, 2019-2024 ($M)
4.Brazil Active Insulation Market Revenue, 2019-2024 ($M)
5.Argentina Active Insulation Market Revenue, 2019-2024 ($M)
6.Peru Active Insulation Market Revenue, 2019-2024 ($M)
7.Colombia Active Insulation Market Revenue, 2019-2024 ($M)
8.Chile Active Insulation Market Revenue, 2019-2024 ($M)
9.Rest of South America Active Insulation Market Revenue, 2019-2024 ($M)
10.UK Active Insulation Market Revenue, 2019-2024 ($M)
11.Germany Active Insulation Market Revenue, 2019-2024 ($M)
12.France Active Insulation Market Revenue, 2019-2024 ($M)
13.Italy Active Insulation Market Revenue, 2019-2024 ($M)
14.Spain Active Insulation Market Revenue, 2019-2024 ($M)
15.Rest of Europe Active Insulation Market Revenue, 2019-2024 ($M)
16.China Active Insulation Market Revenue, 2019-2024 ($M)
17.India Active Insulation Market Revenue, 2019-2024 ($M)
18.Japan Active Insulation Market Revenue, 2019-2024 ($M)
19.South Korea Active Insulation Market Revenue, 2019-2024 ($M)
20.South Africa Active Insulation Market Revenue, 2019-2024 ($M)
21.North America Active Insulation By Application
22.South America Active Insulation By Application
23.Europe Active Insulation By Application
24.APAC Active Insulation By Application
25.MENA Active Insulation By Application
26.Polartec, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Primaloft, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.W L Gore Associates, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Invista, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Viridian, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Ecological Building System, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Remmers Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Unger Diffutherm Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Hdwool, Sales /Revenue, 2015-2018 ($Mn/$Bn)