Market Research Future (MRFR) has published a cooked research report on the “Asia-Pacific Roof Insulation Market” that contains the information from 2018 to 2032. The Roof Insulation market is estimated to register a CAGR of 6.6% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the Asia-Pacific Roof Insulation market— Sika Group, BASF SE, Kingspan Group Plc (Kingspan), Rockwool International A/S, Knauf Insulation (Knauf), Johns Manville, Aerofoam, Protek Asia Ltd, Saint-Gobain, Technonicol.
Market Highlights
The Asia-Pacific Roof Insulation market is accounted for to register a CAGR of 6.6% during the forecast period and is estimated to reach USD 9,628.3 million by 2032.
Roof insulation have a few drawbacks, such as toxicity and VOC content. Manufacturers such as Sika, Fosroc, and Tremco provide and have also subsidized in R&D of solutions, which have minimal effect on the environment. Manufacturers are rapidly accrediting their products with green certification for use in sustainable construction projects that include green roofs and green buildings. Green roofs are an effective contribution to resolving several environmental problems at the building and urban levels. They are considered to be environmentally beneficial for the building and its surroundings, by improving storm-water management, water run-off quality, urban air quality, reducing urban heat island effects, and preventing noise pollution. In addition, green roofs are known to improve building energy efficiency by reducing energy used for cooling and heating.
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Segment Analysis
The Asia-Pacific Roof Insulation market has been segmented based on Type, Material, Slope, Application and Country.
The Asia-Pacific Roof Insulation market segmentation, based on type has been segmented as Batts & Rolls, Spray Foam, Rigid Insulation, Reflective Systems, Others. Among these, the Batts & Rolls segment is anticipated to dominate the Asia-Pacific Roof Insulation market revenue through the projected period as estimated by MRFR analysts. The batts and rolls are easy to install since they are light, pliable, and are standard sizes, fitting the usual rafter spans and spaces. The most common among these are fiberglass batts and rolls, that provides good thermal performance and excellent soundproofing, while mineral wool (stone wool) has superior fire resistance and superior sound insulation.
In the material segment, the market is categorized as Plastic Foam, Glass Wool, Stone Wool, Others. Out of which the Plastic Foam segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. It is easy to install, resistant to moisture, and provides long-term performance, making it ideal for both flat roofs and green roof applications as well as cold storage.
The Asia-Pacific Roof Insulation market segmentation, based on slope has been segmented as Flat, Pitched. Among these, the Flat segment is anticipated to dominate the Asia-Pacific Roof Insulation market. Often used materials for flat slope roof insulation include fiberglass, polystyrene, polyisocyanurate or commonly referred to as polyiso, and mineral wool. Insulation has different types, and vapor barriers can be installed with a layer to help prevent moisture buildup and mold growth. Good insulation on a flat slope roof can increase the lifespan of a building, reduce energy costs, and improve performance overall, making it an essential part of modern, energy-efficient building.
In the application segment, the market is categorized as Commercial, Residential. Out of which the Commercial segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. These insulations are particularly significant in commercial structures having specific requirements related to fire safety. In addition to helping control temperature, commercial roof insulation can also add years to the roof by saving on expensive repairs.
Country Analysis
By Country, the Roof Insulation market is segmented into China, Japan, South Korea, Malaysia, Indonesia, Thailand, Vietnam, Australia & New Zealand. The China Roof Insulation market holds a considerable market share and is also forecasted to hold the largest share during the forecast period. China's commitment to improving energy efficiency and reducing carbon emissions has also contributed to the growing demand for roof insulation. The country's stringent building codes and energy-efficiency regulations have prompted developers and building owners to prioritize the installation of advanced insulation solutions, which help improve thermal performance, reduce energy consumption, and enhance the overall sustainability of the built environment. This trend has had a ripple effect across the APAC region, driving the demand for roof insulation products and fueling the growth of the regional market.
Key Findings of the Study
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The Asia-Pacific Roof Insulation market is expected to reach USD 9,628.3 million by 2032, at a CAGR of 6.6% during the forecast period.
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The China country accounted for the fastest-growing market.
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Based on Type, the Batts & Rolls segment was attributed to holding the largest market in 2023.
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Based on Material, the Plastic Foam segment was attributed to holding the largest market in 2023.
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Based on Slope, the Flat segment was attributed to holding the largest market in 2023.
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Based on Application, the Commercial segment was attributed to holding the largest market in 2023.
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Sika Group, BASF SE, Kingspan Group Plc (Kingspan), Rockwool International A/S, Knauf Insulation (Knauf), Johns Manville, Aerofoam, Protek Asia Ltd, Saint-Gobain, Technonicol are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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