Market Study: Insulation Materials - Europe (2nd ed.)

Introduction

Usage of Insulation Material in Europe

The catastrophic major fire at Grenfell Tower in London led to a public discussion about the safety of insulation material. This is a great challenge for the producers. Energy efficiency and insulation material will continue to be a trending topic in many countries with various state regulations and funding programs. Ceresana analyzed the complete European market for insulation material already for the second time. For the purpose of this study, Russia, the Ukraine, and Turkey are counted as European countries. The new study offers a complete overview on insulation materials used in the construction industry. Mineral wool (glass and stone wool), polystyrene-based insulation material (EPS and XPS) as well as polyurethane (PUR) are used for thermal and sound insulation in particular. Insulation materials used in other industries such as automotive, appliances for household and professional use or industrial process facilities are not included in the study.
Besides the market study on the European insulation material market, Ceresana also offers a report on the global market for insulation material.

Rising Demand for Insulation Material due to Energy Savings

Insulation material has a high potential on the European market: Analysts at Ceresana expect a total demand of more than 205 million cubic meters in 2024. Heating and cooling of buildings account for the majority of total energy consumption. This is why rising energy prices and state regulations to prevent climate-changing greenhouse gases or rather to save energy will lead companies and homeowners to demand more insulation materials in the upcoming years. While the striving for better energy efficiency has a positive influence on the demand for insulation material, discussions about fire safety and questions about the use of possibly harmful additives as well as environmentally compatible disposal after use have a rather negative influence on the insulation material market.

Different Countries, Different Facades

In terms of new buildings but also renovations and refurbishments, there have been regional differences in the past years. In countries hit hard by the economic crisis in 2008/09, e.g. Spain or Greece, the construction sector in particular suffered dramatic losses. Construction industries in countries like Turkey or Germany, on the other hand, experienced a much more positive development. In some countries, the construction of new buildings has slowed down significantly; this is where the main task is to energetically refurbish existing buildings. Further, specific demand for insulation material also depends on the economic situation of a country, i.e. factors such as unemployment rate of available income, and demographic development. The country-specific demand for insulation material depends on how fast and extensive each government turns EU-guidelines into national low - and whether or not the population also cares about better energy efficiency.

Insulation Material: Mineral Wool is Number One

The most commonly used insulation material in Europe in 2016 was mineral wool, as this product can be used in a wide variety of applications. Glass and rock wool reached a combined demand of 56%, with glass wool being used more often. Polystyrene based insulation materials have also high market share, while consumption of insulation materials based on PUR is notably lower. However, consumption of individual types of insulation material 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 material 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 2024: In addition to revenues, demand for 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 EPS, XPS, PUR, glass wool, and mineral wool.

Chapter 2 offers an overview over the entire European market for insulation materials, split by products. It also contains information in 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 are given for the 60 largest manufacturers, including Huntsman International LLC, Gazprom Neftekhim Salavat, Rockwool International A/S, Rosneft OJSC, Sto SE & Co. KGaA, The Dow Chemical Company, Total S.A., and Versalis S.p.A.

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 Spain
1.13.1 Demand and Revenues
1.13.2 Production and Trade
1.14 Sweden
1.14.1 Demand and Revenues
1.14.2 Production and Trade
1.15 Switzerland
1.15.1 Demand and Revenues
1.15.2 Production and Trade
1.16 The Netherlands
1.16.1 Demand and Revenues
1.16.2 Production and Trade
1.17 Turkey
1.17.1 Demand and Revenues
1.17.2 Production and Trade
1.18 United Kingdom
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 Stone wool

3 Company Profiles
Austria (4 Producers)
Belgium (3)
Croatia (2)
Czechia (1)
Denmark (1)
Finland (2)
France (2)
Germany (12)
Greece (2)
Hungary (1)
Ireland (1)
Italy (3)
Luxembourg (2)
Norway (2)
Poland (1)
Romania (2)
Russia (5)
Spain (2)
Switzerland (4)
The Netherlands (3)
Turkey (4)
United Kingdom (1)

List of Graphs

Graph 1: European demand for insulation materials from 2008 to 2024
Graph 2: European revenues generated with insulation materials from 2008 to 2024 in billion USD and billion EUR
Graph 3: European production of insulation materials from 2008 to 2024 in million m³
Graph 4: Demand for insulation materials in Austria from 2008 to 2024
Graph 5: Revenues generated with insulation materials in Austria from 2008 to 2024 in billion USD and billion EUR
Graph 6: Production of insulation materials in Austria from 2008 to 2024
Graph 7: Import and export of insulation materials in Austria from 2008 to 2024
Graph 8: Demand for insulation materials in Belgium from 2008 to 2024
Graph 9: Revenues generated with insulation materials in Belgium from 2008 to 2024 in billion USD and billion EUR
Graph 10: Production of insulation materials in Belgium from 2008 to 2024
Graph 11: Import and export of insulation materials in Belgium from 2008 to 2024
Graph 12: Demand for insulation materials in Czechia from 2008 to 2024
Graph 13: Revenues generated with insulation materials in Czechia from 2008 to 2024 in billion USD and billion EUR
Graph 14: Production of insulation materials in Czechia from 2008 to 2024
Graph 15: Import and export of insulation materials in Czechia from 2008 to 2024
Graph 16: Demand for insulation materials in Finland from 2008 to 2024
Graph 17: Revenues generated with insulation materials in Finland from 2008 to 2024 in billion USD and billion EUR
Graph 18: Production of insulation materials in Finland from 2008 to 2024
Graph 19: Import and export of insulation materials in Finland from 2008 to 2024
Graph 20: Demand for insulation materials in France from 2008 to 2024
Graph 21: Revenues generated with insulation materials in France from 2008 to 2024 in billion USD and billion EUR
Graph 22: Production of insulation materials in France from 2008 to 2024
Graph 23: Import and export of insulation materials in France from 2008 to 2024
Graph 24: Demand for insulation materials in Germany from 2008 to 2024
Graph 25: Revenues generated with insulation materials in Germany from 2008 to 2024 in billion USD and billion EUR
Graph 26: Production of insulation materials in Germany from 2008 to 2024
Graph 27: Import and export of insulation materials in France from 2008 to 2024
Graph 28: Demand for insulation materials in Italy from 2008 to 2024
Graph 29: Revenues generated with insulation materials in Italy from 2008 to 2024 in billion USD and billion EUR
Graph 30: Production of insulation materials in Italy from 2008 to 2024
Graph 31: Import and export of insulation materials in Italy from 2008 to 2024
Graph 32: Demand for insulation materials in Norway from 2008 to 2024
Graph 33: Revenues generated with insulation materials in Norway from 2008 to 2024 in billion USD and billion EUR
Graph 34: Production of insulation materials in Norway from 2008 to 2024
Graph 35: Import and export of insulation materials in Norway from 2008 to 2024
Graph 36: Demand for insulation materials in Poland from 2008 to 2024
Graph 37: Revenues generated with insulation materials in Poland from 2008 to 2024 in billion USD and billion EUR
Graph 38: Production of insulation materials in Poland from 2008 to 2024
Graph 39: Import and export of insulation materials in Poland from 2008 to 2024
Graph 40: Demand for insulation materials in Romania from 2008 to 2024
Graph 41: Revenues generated with insulation materials in Romania from 2008 to 2024 in billion USD and billion EUR
Graph 42: Production of insulation materials in Romania from 2008 to 2024
Graph 43: Import and export of insulation materials in Romania from 2008 to 2024
Graph 44: Demand for insulation materials in Russia from 2008 to 2024
Graph 45: Revenues generated with insulation materials in Russia from 2008 to 2024 in billion USD and billion EUR
Graph 46: Production of insulation materials in Russia from 2008 to 2024
Graph 47: Import and export of insulation materials in Russia from 2008 to 2024
Graph 48: Demand for insulation materials in Spain from 2008 to 2024
Graph 49: Revenues generated with insulation materials in Spain from 2008 to 2024 in billion USD and billion EUR
Graph 50: Production of insulation materials in Spain from 2008 to 2024
Graph 51: Import and export of insulation materials in Spain from 2008 to 2024
Graph 52: Demand for insulation materials in Sweden from 2008 to 2024
Graph 53: Revenues generated with insulation materials in Sweden from 2008 to 2024 in billion USD and billion EUR
Graph 54: Production of insulation materials in Sweden from 2008 to 2024
Graph 55: Import and export of insulation materials in Sweden from 2008 to 2024
Graph 56: Demand for insulation materials in Switzerland from 2008 to 2024
Graph 57: Revenues generated with insulation materials in Switzerland from 2008 to 2024 in billion USD and billion EUR
Graph 58: Production of insulation materials in Switzerland from 2008 to 2024
Graph 59: Import and export of insulation materials in Switzerland from 2008 to 2024
Graph 60: Demand for insulation materials in the Netherlands from 2008 to 2024
Graph 61: Revenues generated with insulation materials in the Netherlands from 2008 to 2024 in billion USD and billion EUR
Graph 62: Production of insulation materials in the Netherlands from 2008 to 2024
Graph 63: Import and export of insulation materials in the Netherlands from 2008 to 2024
Graph 64: Demand for insulation materials in Turkey from 2008 to 2024
Graph 65: Revenues generated with insulation materials in Turkey from 2008 to 2024 in billion USD and billion EUR
Graph 66: Production of insulation materials in Turkey from 2008 to 2024
Graph 67: Import and export of insulation materials in Turkey from 2008 to 2024
Graph 68: Demand for insulation materials in the United Kingdom from 2008 to 2024
Graph 69: Revenues generated with insulation materials in the United Kingdom from 2008 to 2024 in billion USD and billion EUR
Graph 70: Production of insulation materials in the United Kingdom from 2008 to 2024
Graph 71: Import and export of insulation materials in United Kingdom from 2008 to 2024
Graph 72: Demand for insulation materials in the Ukraine from 2008 to 2024
Graph 73: Revenues generated with insulation materials in the Ukraine from 2008 to 2024 in billion USD and billion EUR
Graph 74: Production of insulation materials in the Ukraine from 2008 to 2024
Graph 75: Import and export of insulation materials in the Ukraine from 2008 to 2024
Graph 76: Demand for insulation materials in the rest of Europe from 2008 to 2024
Graph 77: Revenues generated with insulation materials in the rest of Europe from 2008 to 2024 in billion USD and billion EUR
Graph 78: Production of insulation materials in the rest of Europe from 2008 to 2024
Graph 79: Import and export of insulation materials in the rest of Europe from 2008 to 2024
Graph 80: European demand for insulation materials from 2008 to 2024 – split by products

List of Tables

Table 1: European demand for insulation materials from 2008 to 2024 – split by major countries
Table 2: European revenues generated with insulation materials from 2008 to 2024 in billion EUR – split by countries
Table 3: European production of insulation materials from 2008 to 2024 – split by major countries
Table 4: Demand for insulation materials in Austria from 2008 to 2024 – split by products
Table 5: Production of insulation materials in Austria from 2008 to 2024 – split by products
Table 6: Important manufacturers of insulation materials in Austria
Table 7: Demand for insulation materials in Belgium from 2008 to 2024 – split by products
Table 8: Production of insulation materials in Belgium from 2008 to 2024 – split by products
Table 9: Important manufacturers of insulation materials in Belgium
Table 10: Demand for insulation materials in Czechia from 2008 to 2024 – split by products
Table 11: Production of insulation materials in Czechia from 2008 to 2024 – split by products
Table 12: Demand for insulation materials in Finland from 2008 to 2024 – split by products
Table 13: Production of insulation materials in Finland from 2008 to 2024 – split by products
Table 14: Demand for insulation materials in France from 2008 to 2024 – split by products
Table 15: Production of insulation materials in France from 2008 to 2024 – split by products
Table 16: Demand for insulation materials in Germany from 2008 to 2024 – split by products
Table 17: Production of insulation materials in Germany from 2008 to 2024 – split by products
Table 18: Important manufacturers of insulation materials in Germany
Table 19: Demand for insulation materials in Italy from 2008 to 2024 – split by products
Table 20: Production of insulation materials in Italy from 2008 to 2024 – split by products
Table 21: Important manufacturers of insulation materials in Italy
Table 22: Demand for insulation materials in Norway from 2008 to 2024 – split by products
Table 23: Production of insulation materials in Norway from 2008 to 2024 – split by products
Table 24: Demand for insulation materials in Poland from 2008 to 2024 – split by products
Table 25: Production of insulation materials in Poland from 2008 to 2024 – split by products
Table 26: Demand for insulation materials in Romania from 2008 to 2024 – split by products
Table 27: Production of insulation materials in Romania from 2008 to 2024 – split by products
Table 28: Demand for insulation materials in Russia from 2008 to 2024 – split by products
Table 29: Production of insulation materials in Russia from 2008 to 2024 – split by products
Table 30: Important manufacturers of insulation materials in Russia
Table 31: Demand for insulation materials in Spain from 2008 to 2024 – split by products
Table 32: Production of insulation materials in Spain from 2008 to 2024 – split by products
Table 33: Demand for insulation materials in Sweden from 2008 to 2024 – split by products
Table 34: Production of insulation materials in Sweden from 2008 to 2024 – split by products
Table 35: Demand for insulation materials in Switzerland from 2008 to 2024 – split by products
Table 36: Production of insulation materials in Switzerland from 2008 to 2024 – split by products
Table 37: Important manufacturers of insulation materials in Switzerland
Table 38: Demand for insulation materials in the Netherlands from 2008 to 2024 – split by products
Table 39: Production of insulation materials in the Netherlands from 2008 to 2024 – split by products
Table 40: Important manufacturers of insulation materials in the Netherlands
Table 41: Demand for insulation materials in Turkey from 2008 to 2024 – split by products
Table 42: Production of insulation materials in Turkey from 2008 to 2024 – split by products
Table 43: Important manufacturers of insulation materials in Turkey
Table 44: Demand for insulation materials in the United Kingdom from 2008 to 2024 – split by products
Table 45: Production of insulation materials in the United Kingdom from 2008 to 2024 – split by products
Table 46: Demand for insulation materials in the Ukraine from 2008 to 2024 – split by products
Table 47: Production of insulation materials in the Ukraine from 2008 to 2024 – split by products
Table 48: Demand for insulation materials in the rest of Europe from 2008 to 2024 – split by products
Table 49: Production of insulation materials in the rest of Europe from 2008 to 2024 – split by products
Table 50: Important manufacturers of insulation materials in the rest of Europe
Table 51: European demand for insulation materials from 2008 to 2024 – split by products
Table 52: European demand for EPS and XPS from 2008 to 2024 – split by countries
Table 53: European demand for PUR from 2008 to 2024 – split by countries
Table 54: European demand for glass wool from 2006 to 2024 – split by countries
Table 55: European demand for stone wool from 2008 to 2024 – split by countries