Asia-Pacific Roof Insulation Market Overview
Asia-Pacific Roof Insulation Market Size was valued at USD 5,431.9 million in 2023.
The Asia-Pacific Roof Insulation Market industry is projected to grow from USD 5,783.9 million in 2024 to USD 9,628.3 million by 2032, exhibiting a compound annual growth rate (CAGR) of 6.6% during the forecast period (2024 - 2032).
 During the forecast period we may see a rapid adoption of roof insulation in Asia Pacific region with the growing demand from residential and commercial sectors. Infrastructure is always known to be an important factor in economic development, which has attracted much renewed attention in recent years. The need for sustainable infrastructure to meet climate change challenges has induced the demand of roof insulation in the developing countries. According to the International Trade Administration, the Chinese government's 14th Five-Year Plan, which outlines the country's development priorities for 2021-2025, has placed a strong emphasis on new infrastructure projects in transportation, energy, water systems, and new urbanization. According to estimates, the overall investment in new infrastructure during this plan period is expected to reach a staggering 27 trillion yuan (approximately $4.2 trillion). The plan also highlights 9 key items for energy efficiency and green building development, including the retrofitting of over 350 million square meters of existing buildings and the construction of more than 50 million square meters of net-zero energy consumption buildings. These ambitious targets set by the Chinese government have created a significant demand for energy-efficient building materials, such as roof insulation, across the APAC region.
 Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
RAPID URBANIZATION, ECONOMIC GROWTH, AND BOLSTERING INFRASTRUCTURAL PROJECTS
Infrastructure is always known to be an important factor in economic development, which has attracted much renewed attention in recent years. The need for sustainable infrastructure to meet climate change challenges has induced the demand of roof insulation in the developing countries. New infrastructure development and refurbishment of existing infrastructure is a driving force behind the increasing demand for roof insulation. Roof insulation is practiced in a variety of infrastructures such as industrial, residential, and government buildings. Growing prominence of room temperature controlling in these buildings is expected to further boost the demand for roof insulation in near future.
Accelerated infrastructure spending will drive economic growth, provide jobs, and deliver vital services. The World Economic Forum estimates that every dollar spent on a capital project (in utilities, energy, transport, waste management, flood defense, telecommunications) generates an economic return of between 5% and 25%. China is set to remain the key global building & construction market, driving regional growth over the forecast period. Decades of heavy Chinese investments into infrastructure developments, rapidly expanding urban population, and intensive foreign direct investments (FDI) into manufacturing facilities in the country played a vital role in the building & construction industry’s growth in China. Faced with the COVID-19 outbreak, China saw contraction in residential and non-residential construction during the first half of 2020 yet managed to swiftly enter recovery as consumer and business confidence rebounded.
GROWING ADOPTION OF INSULATION MATERIALS FOR INCREASING ENERGY EFFICIENCY OF THE BUILDING
Energy efficiency in the built environment is vital to achieving development objectives in emerging economies. There is an increased recognition that the cost of reducing energy consumption is much lower than the cost of generating new energy. The International Energy Agency (IEA) estimated that residential, commercial and public buildings account for up to 40% of the world’s energy consumption. These numbers are even higher for developing countries and recent estimates suggest that developing countries may consume up to 65% of the world's energy by 2040. Insulation materials could highly impact the overall energy efficiency and sustainability of buildings especially by improving the insulation of the building envelope, appliances or other equipment. Therefore, energy efficient buildings bring many benefits to their users such as lower operating costs due to reduced energy usage and greater comfort through better insulation and lighting.
Asia-Pacific Roof Insulation Market Segment Insights
Asia-Pacific Roof Insulation by Type Insights
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 projected to dominate the Asia-Pacific Roof Insulation market revenue through the projected period. Batts and rolls are one of the cost-effective roofing insulations because they come in pre-cut batts, or rolls. These insulations are made from fiberglass or mineral wool and sometimes cotton. The principal objective of these insulations is to be put between the rafters or the joists of attics, ceilings, or walls. They can provide efficient thermal and acoustic insulation.
Asia-Pacific Roof Insulation by Material Insights
Based on Material, the Asia-Pacific Roof Insulation Market is segmented as Plastic Foam, Glass Wool, Stone Wool, Others. Out of which the Plastic Foam segment dominated base year market and is also projected to dominate the Asia-Pacific Roof Insulation market revenue through the projected period. Plastic foam roof insulation, such as EPS (Expanded Polystyrene), XPS (Extruded Polystyrene), and PIR (Polyisocyanurate). These have a high effectiveness for the thermal performance as well as increasing energy efficiency in buildings. EPS is light and relatively inexpensive but offers a lower R-value compared to XPS and PIR. XPS provides a higher R-value together with superior moisture resistance and durability and is suited for roofs exposed to humidity. PIR has the highest R-value, excellent fire resistance, and excellent long-term thermal stability. Therefore, it is suitable for use in commercial and flat roofing applications.
Asia-Pacific Roof Insulation by Slope Insights
The Asia-Pacific Roof Insulation Market segmentation, based on Slope has been segmented as Flat, Pitched. Among these, the Flat Industry segment is projected to dominate the Asia-Pacific Roof Insulation market revenue through the projected period. Flat slope roof insulation is defined as a type of roofing system for energy-efficient, moisture-control, and comfort features for buildings with flat or low-sloped roofs. It consists of placing insulation between or above the structural decking to provide a protective barrier which would prevent the heat from leaking out and reduce energy consumption. The added insulation would ensure indoor temperatures are consistent and set higher during winter and lower during summer. It also prevents water infiltration, which is critical for flat roofs that tend to develop ponding or leaks.
Asia-Pacific Roof Insulation by Application Insights
The Asia-Pacific Roof Insulation Market segmentation, based on Application has been segmented as Commercial, Residential. Among these, the Commercial segment is projected to dominate the Asia-Pacific Roof Insulation market revenue through the projected period. Commercial roof insulation helps ensure energy efficiency and cost savings, as well as preserving a comfortable indoor environment in large buildings. Some of the most common types of insulation for use in commercial roofing systems are spray foam insulation, rigid foam boards, mineral wool, and fiberglass. Spray foam insulation is commonly utilized because it can seal gaps and offers great thermal resistance to reduce energy consumption. Highly rigid foam boards like XPS or PIR are very durable and achieve high R-values, which can make them well-suited for flat or low-slope commercial roofs. They often appear below roof membranes or in multi-layer insulation systems. Mineral wool and fiberglass are useful for their fire resistance, thermal performance, and soundproofing ability.
Asia-Pacific Roof Insulation Country Insights
Based on Country, the Asia-Pacific Roof Insulation market is segmented into China, Japan, South Korea, Malaysia, Indonesia, Thailand, Vietnam, Australia & New Zealand. The China Roof Insulation market held the maximum market share and is also expected to account for a significant revenue share during the forecast period. The rapid growth of the construction industry in China is a significant driver for the demand in the APAC roof insulation market. As one of the world's largest and fastest-growing economies, China has witnessed a surge in residential, commercial, and industrial construction projects in recent years. This construction boom, fueled by urbanization, infrastructure development, and rising living standards, has created a substantial need for high-performance roof insulation products across the region.
Asia-Pacific Roof Insulation Key Market Players & Competitive Insights
Key market players are emphasizing significantly on R&D for increasing their product offerings, which will further help the Asia-Pacific Roof Insulation Market to grow considerably. Market players are adopting several business development strategies such as acquisitions, mergers, collaborations, and partnerships to enhance their market presence and acquire a larger customer base. To survive in the competitive market, industry players must provide cost effective products.
The Asia-Pacific Roof Insulation market is very competitive with market players trying to develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment is likely to grow further owing to rising technological advancements. Some of the key players operating in the Asia-Pacific Roof Insulation Market are Sika Group, BASF SE, Kingspan Group Plc (Kingspan), Rockwool International A/S, Knauf Insulation (Knauf), Johns Manville, Aerofoam, Protek Asia Ltd, Saint-Gobain, Technonicol. To increase their market reach and client base, key firms are concentrating on acquisitions and product innovation.
Sika  Group: Sika is the worldwide innovation and sustainability leader in the development and production of systems and products for commercial and residential construction, as well as the marine, automotive, and renewable energy manufacturing industries. Sika Corporation is the largest company of the Sika Group, a global leader in specialty chemicals for construction, industrial and automotive markets. With approximately 34,000 employees, Sika has been producing high-quality and innovative technologies for concrete, starting with the first product called Sika®-1, which is still contained in the Sika product portfolio. Sika's leading position is based on its products for the construction industry: admixtures and additives for the production of concrete, cement, and mortar, waterproofing systems, roof waterproofing, flooring solutions, sealants and adhesive tapes, assembly foams, and elastic adhesives for facade construction, interior and infrastructure construction, and concrete protection and repair solutions.
BASF SE: BASF SE, a chemical company, is the largest chemical producer in the world with revenue. BASF SE operates in 6+ segments, in which the key segments are chemicals, performance products, materials, nutrition & care, agricultural solutions, and others. BASF SE's coating products business segment is one of the company's most important business segments. The segment produces a wide variety of powder coating products. These products are used in a variety of applications, including automotive, construction, and electronics. The company has a global footprint with production facilities in over 30 countries and sales offices in over 91 countries. Its products are used in a variety of industries, including automotive, construction, furniture and wood, agriculture, electronics and electrical, paints and coatings, home care, nutrition, and chemicals. BASF is at the forefront in the chemical industry, with a workforce of approximately 10,000 dedicated to research and development (R&D).
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Key Companies in the Asia-Pacific Roof Insulation Market includes.
Asia-Pacific Roof Insulation Industry Developments
June 2024: Sika Corporation’s Roofing division is celebrating its 10+ year partnership with Dupont on offering The EcoSmart Roof. The groundbreaking, sustainable system was first developed as a new and unique solution for building owners and specifiers alike. The EcoSmart Roof provides customers with a roofing option that’s both sustainable and good for their wallet. The EcoSmart Roof utilizes Sarnafil® PVC roof membrane, Styrofoam™ Brand Square Edge extruded polystyrene insulation from DuPont, and a roof cover board to produce one of the longest-lasting, most sustainable roofing systems available.
November 2024: BASF is strengthening its styrene value chain at its Ludwigshafen site by expanding the production capacity of Neopor by 50,000 metric tons per year. This increase is aimed at meeting the growing market demand for the grey insulation material. The start-up of the new production facilities is scheduled for early 2027.
Asia-Pacific Roof Insulation Market Segmentation
Asia-Pacific Roof Insulation Type Outlook
Asia-Pacific Roof Insulation Material Outlook
Asia-Pacific Roof Insulation Slope Outlook
Asia-Pacific Roof Insulation Application Outlook
Asia-Pacific Roof Insulation Country Outlook
China
Japan
South Korea
Malaysia
Indonesia
Thailand
Vietnam
Australia & New Zealand
Rest of Asia Pacific
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 5,431.9 million |
| Market Size 2024 | USD 5,783.9 million |
| Market Size 2032 | USD 9,628.3 million |
| Compound Annual Growth Rate (CAGR) | 6.6% (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2022 |
| Forecast Units | Value (USD Million) and Volume (Million Sq Meters) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Material, Slope, Application and Country |
| Geographies Covered | Asia Pacific |
| Countries Covered | China, Japan, South Korea, Malaysia, Indonesia, Thailand, Vietnam, Australia & New Zealand |
| Key Companies Profiled | Sika Group, BASF SE, Kingspan Group Plc (Kingspan), Rockwool International A/S, Knauf Insulation (Knauf), Johns Manville, Aerofoam, Protek Asia Ltd, Saint-Gobain, Technonicol. |
| Key Market Opportunities | ·        Rising interest in green roofs to boost demand for roof insulation |
| Key Market Dynamics | ·        Rapid urbanization, economic growth, and bolstering infrastructural projects ·        Growing adoption of insulation materials for increasing energy efficiency of the building |
Frequently Asked Questions (FAQ) :
US$ 5,431.9 Mn
6.6%
China
Sika Group, BASF SE, Kingspan Group Plc (Kingspan), Rockwool International A/S, Knauf Insulation (Knauf), Johns Manville, Aerofoam, Protek Asia Ltd, Saint-Gobain, Technonicol.
Batts & Rolls
Plastic Foam
Flat
Commercial
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Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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