Market Study: Insulation Material - Europe

Introduction

This market study by Ceresana offers a complete overview over the European market for insulation material. Besides information on demand and revenues, the study also contains data on production, trade, market trends, market size and market growth. For the purpose of this study, Russia, the Ukraine, and Turkey are counted as European countries. This study analyzes in detail the market for mineral wool (glass wool and rock wool), polystyrene insulation materials (expandable polystyrene (EPS) and extruded polystyrene (XPS)) as well as insulation material made from polyurethane (PUR). Given the as yet small market volume, insulation materials made from renewable resources are not included.

High Market Potential for Insulation Materials in Europe

Insulation materials have a high potential on the European market: Analysts at Ceresana expect total revenues to rise to more than €21 billion in 2021. Even though demand for insulation material will not increase as dynamically as it had in the past, a rising price for energy and legal requirements in regard to climate protection that companies and home owners have to adhere to will lead to a change in attitude.
Member states of the European Union (EU) stated the objective to reduce annual consumption of primary energy by 20% until 2020 in 2007 already.
At the end of 2012, a corresponding EU directive regarding energy efficiency has been issued. It includes a common framework for measures to promote energy efficiency. The member states have to transcribe these into national legislation within an acceptable time frame. As it is especially buildings that consume a large amount of energy, countries are expected to gradually optimize overall energy efficiency in buildings by offering specific incentives.

Country-Specific Construction Activity a Leading Factor for Insulation Material Demand

Demand for insulation material mainly depends on the development of the sector building construction (new buildings as well as refurbishments and renovations). Considerable regional differences have presented themselves in previous years: Especially in countries hit hard by the economic crisis in 2008/09, e.g. Spain, Portugal or Greece, the construction sectors suffered dramatic losses. Construction industries in countries like Turkey or Russia, on the other hand, experienced a much more positive development.
Country-specific demand for insulation material also depends on the overall economic situation of a country, i.e. factors such as unemployment rate or available income and demographic development.
Crucial in determining demand for insulation material in individual countries will be the speed and scope with which respective governments will transcribe EU directives into national law and to which degree the population can be made aware of the necessity to improve the energy efficiency of buildings.

Renovation and Refurbishment Offering Considerable Potential

In many countries, the number of new residential and commercial buildings constructed fell notably as a result of the economic crisis. Therefore, renovation and refurbishment of existing structures play an important role in the development of the market for insulation material, especially since the recovery of the segment new constructions will take another couple of years. Some countries offer considerable potential in the segment renovation and refurbishment, as a large part of existing buildings have been equipped with only limited insulation. Development of demand for insulation material following from increased renovation and refurbishment activity, however, also depends on the willingness of and financial means available to respective governments to attain energy efficiency objectives.

Regional Differences in Choice of Insulation Material

The most commonly used insulation material in Europe in 2013 were mineral wools, as these products can be used in a wide variety of applications. Glass and rock wool reached a combined market share of 56%, with predominantly glass wool being used. A significant share of demand is satisfied with polystyrene based insulation materials, while consumption of insulation materials based on polyurethane (PUR) is notably lower. However, consumption of individual types of insulation materials may vary considerably in individual countries. Besides climatic factors and customer preferences, cost of acquisition, image and technical properties are influential factors.


Market Study in Brief:

With this market study, you receive the most comprehensive and up-to-date analysis on the European insulation materials market. Thereby, Ceresana evaluates the market size, market share and market trends of this industry. The market study is divided into following chapters:

Chapter 1 provides a presentation and analysis of the European market for insulation materials, including forecasts up to 2021: In addition to revenues, demand and production in each country as well as influencing factors are explained in detail.

Detailed data is offered for 18 countries. Information is given on demand for, revenues generated and trade with as well as production of insulation materials. Demand for and production of insulation material are examined in detail, split by the products expandable polystyrene (EPS), extruded polystyrene (XPS), polyurethane (PUR), glass wool, and rock wool.

Chapter 2 offers an overview over the entire European market for insulation materials, split by products. It also contains information on demand for various insulation materials in individual countries.

Chapter 3 provides profiles of the largest manufacturers of insulation material, clearly arranged according to contact details, turnover, profit, product range, production sites, profile summary, products, and applications. Extensive profiles of the 42 most important manufacturers are given, including BASF SE, Knauf Insulation GmbH, Rockwool International A/S, URSA Insulation, S.A. and Compagnie de Saint Gobain S.A.
(Note: The profiles are assigned to the country in which the company or holding is headquartered. Company profiles also include JVs and subsidiaries).

Table of Contents

1 Market Data
1.1 Europe
1.1.1 Demand
1.1.2 Revenues
1.1.3 Production
1.2 Austria
1.2.1 Demand and Revenues
1.2.2 Production and Trade
1.3 Belgium
1.3.1 Demand and Revenues
1.3.2 Production and Trade
1.4 Czechia
1.4.1 Demand and Revenues
1.4.2 Production and Trade
1.5 Finland
1.5.1 Demand and Revenues
1.5.2 Production and Trade
1.6 France
1.6.1 Demand and Revenues
1.6.2 Production and Trade
1.7 Germany
1.7.1 Demand and Revenues
1.7.2 Production and Trade
1.8 Italy
1.8.1 Demand and Revenues
1.8.2 Production and Trade
1.9 Norway
1.9.1 Demand and Revenues
1.9.2 Production and Trade
1.10 Poland
1.10.1 Demand and Revenues
1.10.2 Production and Trade
1.11 Romania
1.11.1 Demand and Revenues
1.11.2 Production and Trade
1.12 Russia
1.12.1 Demand and Revenues
1.12.2 Production and Trade
1.13 Slovakia
1.13.1 Demand and Revenues
1.13.2 Production and Trade
1.14 Spain
1.14.1 Demand and Revenues
1.14.2 Production and Trade
1.15 Sweden
1.15.1 Demand and Revenues
1.15.2 Production and Trade
1.16 Switzerland
1.16.1 Demand and Revenues
1.16.2 Production and Trade
1.17 The Netherlands
1.17.1 Demand and Revenues
1.17.2 Production and Trade
1.18 Turkey
1.18.1 Demand and Revenues
1.18.2 Production and Trade
1.19 Ukraine
1.19.1 Demand and Revenues
1.19.2 Production and Trade
1.20 Rest of Europe
1.20.1 Demand and Revenues
1.20.2 Production and Trade

2 Products
2.1 Expandable Polystyrene (EPS) and Extruded Polystyrene (XPS)
2.2 Polyurethane (PUR)
2.3 Glass Wool
2.4 Rock Wool

3 Company Profiles
3.1 Austria (3 Producers)
3.2 Belgium (1)
3.3 Croatia (1)
3.4 Denmark (1)
3.5 Finland (2)
3.6 France (2)
3.7 Germany (7)
3.8 Greece (1)
3.9 Hungary (1)
3.10 Italy (2)
3.11 Luxembourg (1)
3.12 Norway (2)
3.13 Poland (1)
3.14 Romania (2)
3.15 Russia (4)
3.16 Spain (2)
3.17 Switzerland (4)
3.18 The Netherlands (2)
3.19 Turkey (1)
3.20 United Kingdom (2)

List of Graphs

Graph 1: European demand for insulation material from 2005 to 2021
Graph 2: European revenues generated with insulation material from 2005 to 2021 in billion US$ and billion €
Graph 3: European production of insulation material from 2005 to 2021
Graph 4: Demand for insulation material in Austria from 2005 to 2021
Graph 5: Revenues generated with insulation material in Austria from 2005 to 2021 in billion US$ and billion €
Graph 6: Production of insulation material in Austria from 2005 to 2021
Graph 7: Import and export of insulation material in Austria from 2005 to 2021
Graph 8: Demand for insulation material in Belgium from 2005 to 2021
Graph 9: Revenues generated with insulation material in Belgium from 2005 to 2021 in billion US$ and billion €
Graph 10: Production of insulation material in Belgium from 2005 to 2021
Graph 11: Import and export of insulation material in Belgium from 2005 to 2021
Graph 12: Demand for insulation material in Czechia from 2005 to 2021
Graph 13: Revenues generated with insulation material in Czechia from 2005 to 2021 in billion US$ and billion €
Graph 14: Production of insulation material in Czechia from 2005 to 2021
Graph 15: Import and export of insulation material in Czechia from 2005 to 2021
Graph 16: Demand for insulation material in Finland from 2005 to 2021
Graph 17: Revenues generated with insulation material in Finland from 2005 to 2021 in billion US$ and billion €
Graph 18: Production of insulation material in Finland from 2005 to 2021
Graph 19: Import and export of insulation material in Finland from 2005 to 2021
Graph 20: Demand for insulation material in France from 2005 to 2021
Graph 21: Revenues generated with insulation material in France from 2005 to 2021 in billion US$ and billion €
Graph 22: Production of insulation material in France from 2005 to 2021
Graph 23: Import and export of insulation material in France from 2005 to 2021
Graph 24: Demand for insulation material in Germany from 2005 to 2021
Graph 25: Revenues generated with insulation material in Germany from 2005 to 2021 in billion US$ and billion €
Graph 26: Production of insulation material in Germany from 2005 to 2021
Graph 27: Import and export of insulation material in Germany from 2005 to 2021
Graph 28: Demand for insulation material in Italy from 2005 to 2021
Graph 29: Revenues generated with insulation material in Italy from 2005 to 2021 in billion US$ and billion €
Graph 30: Production of insulation material in Italy from 2005 to 2021
Graph 31: Import and export of insulation material in Italy from 2005 to 2021
Graph 32: Demand for insulation material in Norway from 2005 to 2021
Graph 33: Revenues generated with insulation material in Norway from 2005 to 2021 in billion US$ and billion €
Graph 34: Production of insulation material in Norway from 2005 to 2021
Graph 35: Import and export of insulation material in Norway from 2005 to 2021
Graph 36: Demand for insulation material in Poland from 2005 to 2021
Graph 37: Revenues generated with insulation material in Poland from 2005 to 2021 in billion US$ and billion €
Graph 38: Production of insulation material in Poland from 2005 to 2021
Graph 39: Import and export of insulation material in Poland from 2005 to 2021
Graph 40: Demand for insulation material in Romania from 2005 to 2021
Graph 41: Revenues generated with insulation material in Romania from 2005 to 2021 in billion US$ and billion €
Graph 42: Production of insulation material in Romania from 2005 to 2021
Graph 43: Import and export of insulation material in Romania from 2005 to 2021
Graph 44: Demand for insulation material in Russia from 2005 to 2021
Graph 45: Revenues generated with insulation material in Russia from 2005 to 2021 in billion US$ and billion €
Graph 46: Production of insulation material in Russia from 2005 to 2021
Graph 47: Import and export of insulation material in Russia from 2005 to 2021
Graph 48: Demand for insulation material in Spain from 2005 to 2021
Graph 49: Revenues generated with insulation material in Spain from 2005 to 2021 in billion US$ and billion €
Graph 50: Production of insulation material in Spain from 2005 to 2021
Graph 51: Import and export of insulation material in Spain from 2005 to 2021
Graph 52: Demand for insulation material in Sweden from 2005 to 2021
Graph 53: Revenues generated with insulation material in Sweden from 2005 to 2021 in billion US$ and billion €
Graph 54: Production of insulation material in Sweden from 2005 to 2021
Graph 55: Import and export of insulation material in Sweden from 2005 to 2021
Graph 56: Demand for insulation material in Switzerland from 2005 to 2021
Graph 57: Revenues generated with insulation material in Switzerland from 2005 to 2021 in billion US$ and billion €
Graph 58: Production of insulation material in Switzerland from 2005 to 2021
Graph 59: Import and export of insulation material in Switzerland from 2005 to 2021
Graph 60: Demand for insulation material in the Netherlands from 2005 to 2021
Graph 61: Revenues generated with insulation material in the Netherlands from 2005 to 2021 in billion US$ and billion €
Graph 62: Production of insulation material in the Netherlands from 2005 to 2021
Graph 63: Import and export of insulation material in the Netherlands from 2005 to 2021
Graph 64: Demand for insulation material in Turkey from 2005 to 2021
Graph 65: Revenues generated with insulation material in Turkey from 2005 to 2021 in billion US$ and billion €
Graph 66: Production of insulation material in Turkey from 2005 to 2021
Graph 67: Import and export of insulation material in Turkey from 2005 to 2021
Graph 68: Demand for insulation material in the Ukraine from 2005 to 2021
Graph 69: Revenues generated with insulation material in the Ukraine from 2005 to 2021 in billion US$ and billion €
Graph 70: Production of insulation material in the Ukraine from 2005 to 2021
Graph 71: Import and export of insulation material in the Ukraine from 2005 to 2021
Graph 72: Demand for insulation material in the United Kingdom from 2005 to 2021
Graph 73: Revenues generated with insulation material in the United Kingdom from 2005 to 2021 in billion US$ and billion €
Graph 74: Production of insulation material in the United Kingdom from 2005 to 2021
Graph 75: Import and export of insulation material in the United Kingdom from 2005 to 2021
Graph 76: Demand for insulation material in the rest of Europe from 2005 to 2021
Graph 77: Revenues generated with insulation material in the rest of Europe from 2005 to 2021 in billion US$ and billion €
Graph 78: Production of insulation material in the rest of Europe from 2005 to 2021
Graph 79: Import and export of insulation material in the rest of Eastern Europe from 2005 to 2021
Graph 80: Demand for insulation material in Europe from 2005 to 2021 - split by products

List of Tables

Table 1: European demand for insulation material from 2005 to 2021 - split by countries
Table 2: European revenues generated with insulation material from 2005 to 2021 in billion € - split by countries
Table 3: European production of insulation materials from 2005 to 2021 - split by countries
Table 4: Demand for insulation material in Austria from 2005 to 2021 - split by products
Table 5: Production of insulation material in Austria from 2005 to 2021 - split by products
Table 6: Demand for insulation material in Belgium from 2005 to 2021 - split by products
Table 7: Production of insulation material in Belgium from 2005 to 2021 - split by products
Table 8: Demand for insulation material in Czechia from 2005 to 2021 - split by products
Table 9: Production of insulation material in Czechia from 2005 to 2021 - split by products
Table 10: Demand for insulation material in Finland from 2005 to 2021 - split by products
Table 11: Production of insulation material in Finland from 2005 to 2021 - split by products
Table 12: Demand for insulation material in France from 2005 to 2021 - split by products
Table 13: Production of insulation material in France from 2005 to 2021 - split by products
Table 14: Demand for insulation material in Germany from 2005 to 2021 - split by products
Table 15: Production of insulation material in Germany from 2005 to 2021 - split by products
Table 16: Demand for insulation material in Italy from 2005 to 2021 - split by products
Table 17: Production of insulation material in Italy from 2005 to 2021 - split by products
Table 18: Demand for insulation material in Norway from 2005 to 2021 - split by products
Table 19: Production of insulation material in Norway from 2005 to 2021 - split by products
Table 20: Demand for insulation material in Poland from 2005 to 2021 - split by products
Table 21: Production of insulation material in Poland from 2005 to 2021 - split by products
Table 22: Demand for insulation material in Romania from 2005 to 2021 - split by products
Table 23: Production of insulation material in Romania from 2005 to 2021 - split by products
Table 24: Demand for insulation material in Russia from 2005 to 2021 - split by products
Table 25: Production of insulation material in Russia from 2005 to 2021 - split by products
Table 26: Demand for insulation material in Spain from 2005 to 2021 - split by products
Table 27: Production of insulation material in Spain from 2005 to 2021 - split by products
Table 28: Demand for insulation material in Sweden from 2005 to 2021 - split by products
Table 29: Production of insulation material in Sweden from 2005 to 2021 - split by products
Table 30: Demand for insulation material in Switzerland from 2005 to 2021 - split by products
Table 31: Production of insulation material in Switzerland from 2005 to 2021 - split by products
Table 32: Demand for insulation material in the Netherlands from 2005 to 2021 - split by products
Table 33: Production of insulation material in the Netherlands from 2005 to 2021 - split by products
Table 34: Demand for insulation material in Turkey from 2005 to 2021 - split by products
Table 35: Production of insulation material in Turkey from 2005 to 2021 - split by products
Table 36: Demand for insulation material in the Ukraine from 2005 to 2021 - split by products
Table 37: Production of insulation material in the Ukraine from 2005 to 2021 - split by products
Table 38: Demand for insulation material in the United Kingdom from 2005 to 2021 - split by products
Table 39: Production of insulation material in the United Kingdom from 2005 to 2021 - split by products
Table 40: Demand for insulation material in the rest of Europe from 2005 to 2021 - split by products
Table 41: Production of insulation material in the rest of Europe from 2005 to 2021 - split by products
Table 42: European demand for insulation material from 2005 to 2021 - split by products
Table 43: European demand for EPS and XPS from 2005 to 2021 - split by countries
Table 44: European demand for PUR from 2005 to 2021 - split by countries
Table 45: European demand for glass wool from 2005 to 2021 - split by countries
Table 46: European demand for rock wool from 2005 to 2021 - split by countries