The Europe thermal insulation market is expected to grow from US$ 15,188.76 million in 2022 to US$ 20,528.94 million by 2028. It is estimated to grow at a CAGR of 5.1% from 2022 to 2028.
Increase in Demand for Lightweight Thermal Insulation
Thermal insulation material offers insulation in which the radiative heat is reflected, reduced, and absorbed. Companies focusing on lightweight products such as plastic as plastic is a lightweight material and it is driving the market growth for lightweight thermal insulation. Furthermore, as heavier insulation material is used in electronic goods such as refrigerators, the labor costs for installation also increases. Whereas lightweight thermal insulation material requires minimal effort and time for installation. Thermal insulation also finds applications in other sectors such as building and construction, automotive, aerospace, and others. The lightweight products have become a preferred choice for manufacturers for complex and high-quality product designs. Therefore, increase in demand for lightweight thermal insulation is expected to drive the Europe thermal insulation market growth.Europe Thermal Insulation Market Overview
The Europe thermal insulation market is segmented into Germany, France, Italy, the UK, Spain, and rest of Europe. In Europe, the introduction of regulations concerning energy-efficient buildings is driving the demand for thermal insulation. According to the Concerted Action Energy Performance of Buildings Programme [a joint initiative between the Member States of the European Union (EU) and the European Commission (EC)], all new buildings constructed in the Member States should comply with zero-energy standards. Existing buildings in the EU countries will be legally required to meet minimum energy standards for the first time from 2027. As a result, buildings will need to meet energy performance class E to be sold or rented out from 2027 and class C by January 2033. Thus, these energy-efficiency standards in Europe will boost the demand for thermal insulation across the region. The EC has stated a €210 billion (US$ 220 billion) plan to end its dependency on Russian fossil fuels in five years and speed up its transition to green energy. The invasion of Ukraine by Russia has prompted the EU to rethink its energy policies amid sharpened concerns of supply shocks. The development plan will include investments such as €86 billion (US$90 billion) for renewable energy, €27 billion (US$28 billion) for hydrogen infrastructure, €29 billion (US$30 billion) for power grids, and €56 billion (US$59 billion) for energy savings and heat pumps. The development of the oil & gas refineries in Europe will provide growth opportunities to the Europe thermal insulation market.Europe Thermal Insulation Market Segmentation
The Europe thermal insulation market is segmented based on material type, industry vertical, and country.- Based on material type, the Europe thermal insulation market is segmented into fiber glass, plastic foam, stone wool, calcium silicate, cellular glass, and others. The fiber glass segment held the largest share of the market in 2022.
- Based on industry vertical, the Europe thermal insulation market is segmented into building and construction, oil and gas, chemical, aerospace and defense, automotive, pharmaceutical, and others. The building and construction segment held the largest share of the market in 2022.
- Based on country, the Europe thermal insulation market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. The UK dominated the market in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Europe Thermal Insulation Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Expert Opinion
5. Europe Thermal Insulation Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in demand for lightweight thermal insulation
5.1.2 Growth in the building and construction industry
5.2 Market Restraints
5.2.1 High cost of installing thermal insulation
5.3 Market Opportunities
5.3.1 Expansion of aerospace industry in emerging economies
5.4 Future Trends
5.4.1 Increasing demand for high-temperature thermal insulation
5.5 Impact Analysis of Drivers and Restraint
6. Thermal Insulation Market - Europe Analysis
6.1 Europe Thermal Insulation Market -Revenue and Forecast to 2028
7. Europe Thermal Insulation Market Analysis - By Material Type
7.1 Overview
7.2 Europe Thermal Insulation Market, By Material Type (2021 and 2028)
7.3 Fiber Glass
7.3.1 Overview
7.3.2 Fiber Glass: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
7.4 Plastic Foam
7.4.1 Overview
7.4.2 Plastic Foam: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
7.5 Stone Wool:
7.5.1 Overview
7.5.2 Stone Wool: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
7.6 Calcium Silicate:
7.6.1 Overview
7.6.2 Calcium Silicate: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
7.7 Cellular Glass:
7.7.1 Overview
7.7.2 Cellular Glass: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
7.8 Others:
7.8.1 Overview
7.8.2 Others: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8. Europe Thermal Insulation Market Analysis - By Industry Vertical
8.1 Overview
8.2 Europe Thermal Insulation Market, By Industry Vertical (2021 and 2028)
8.3 Building and Construction
8.3.1 Overview
8.3.2 Building and Construction: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Oil and Gas
8.4.1 Overview
8.4.2 Oil and Gas: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Chemical
8.5.1 Overview
8.5.2 Chemical: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Aerospace and Defense
8.6.1 Overview
8.6.2 Aerospace and Defense: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.7 Automotive
8.7.1 Overview
8.7.2 Automotive: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.8 Pharmaceutical
8.8.1 Overview
8.8.2 Pharmaceutical: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
9. Europe Thermal Insulation Market - Country Analysis
9.1 Overview
9.1.1 Europe: Thermal Insulation Market, by Key Country
9.1.1.1 Germany: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Thermal Insulation Market, by Material Type
9.1.1.1.2 Germany: Thermal Insulation Market, by Industry Vertical
9.1.1.2 France: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Thermal Insulation Market, by Material Type
9.1.1.2.2 France: Thermal Insulation Market, by Industry Vertical
9.1.1.3 Italy: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Thermal Insulation Market, by Material Type
9.1.1.3.2 Italy: Thermal Insulation Market, by Industry Vertical
9.1.1.4 UK: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Thermal Insulation Market, by Material Type
9.1.1.4.2 UK: Thermal Insulation Market, by Industry Vertical
9.1.1.5 Spain: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Spain: Thermal Insulation Market, by Material Type
9.1.1.5.2 Spain: Thermal Insulation Market, by Industry Vertical
9.1.1.6 Rest of Europe: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Thermal Insulation Market, by Material Type
9.1.1.6.2 Rest of Europe: Thermal Insulation Market, by Industry Vertical
10. Industry Landscape
10.1 Overview
10.2 Merger and Acquisitions
10.3 Product News
10.4 Expansion
11. Company Profile
11.1 BASF SE
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Bayer AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 ROCKWOOL A/S
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Johns Manville
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Saint Gobain S.A.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Kingspan Group PLC
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Dow Chemicals Company
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5
11.7.6 SWOT Analysis
11.7.7 Key Developments
11.8 Owens Corning
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Asahi Kasei Corporation
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 DuPont
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary of Terms
Table 1. Europe Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Thermal Insulation Market, by Country - Revenue and Forecast to 2028 (USD Million)
Table 3. Germany Thermal Insulation Market, by Material Type - Revenue and Forecast to 2028 (USD Million)
Table 4. Germany Thermal Insulation Market, by Industry Vertical - Revenue and Forecast to 2028 (USD Million)
Table 5. France Thermal Insulation Market, by Material Type - Revenue and Forecast to 2028 (USD Million)
Table 6. France Thermal Insulation Market, by Industry Vertical - Revenue and Forecast to 2028 (USD Million)
Table 7. Italy Thermal Insulation Market, by Material Type - Revenue and Forecast to 2028 (USD Million)
Table 8. Italy Thermal Insulation Market, by Industry Vertical - Revenue and Forecast to 2028 (USD Million)
Table 9. UK Thermal Insulation Market, by Material Type - Revenue and Forecast to 2028 (USD Million)
Table 10. UK Thermal Insulation Market, by Industry Vertical - Revenue and Forecast to 2028 (USD Million)
Table 11. Spain Thermal Insulation Market, by Material Type - Revenue and Forecast to 2028 (USD Million)
Table 12. Spain Thermal Insulation Market, by Industry Vertical - Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of Europe Thermal Insulation Market, by Material Type - Revenue and Forecast to 2028 (USD Million)
Table 14. Rest of Europe Thermal Insulation Market, by Industry Vertical - Revenue and Forecast to 2028 (USD Million)
Table 15. Glossary of Terms
Figure 1. Europe Thermal Insulation Market Segmentation
Figure 2. Europe Thermal Insulation Market Segmentation - By Country
Figure 3. Europe Thermal Insulation Market Overview
Figure 4. Europe Thermal Insulation Market, By Material Type
Figure 5. Europe Thermal Insulation Market, By Country
Figure 6. Europe: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Europe Thermal Insulation Market Impact Analysis of Drivers and Restraints
Figure 9. Europe: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. Europe Thermal Insulation Market Revenue Share, By Material Type (2021 and 2028)
Figure 11. Europe Fiber Glass: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 12. Europe Plastic Foam: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Europe Stone Wool: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Europe Calcium Silicate: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Europe Cellular Glass: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Europe Others: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Europe Thermal Insulation Market Revenue Share, By Industry Vertical (2021 and 2028)
Figure 18. Europe Building and Construction: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Europe Oil and Gas: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Europe Chemical: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Europe Aerospace and Defense: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Europe Automotive: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Europe Pharmaceutical: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Europe Others: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Europe: Thermal Insulation Market, by Key Country - Revenue (2021) (US$ ‘Million)
Figure 26. Europe: Thermal Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. Germany: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 28. France: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 29. Italy: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. UK: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. Spain: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- Asahi Kasei Corporation
- BASF SE
- Bayer AG
- Dow Chemicals Company
- DuPont
- Johns Manville
- Kingspan Group PLC
- Owens Corning
- ROCKWOOL A/S
- Saint Gobain S.A.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 15188.76 Million |
| Forecasted Market Value ( USD | $ 20528.94 Million |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 10 |
