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. Ceresana analyzed the complete European market for insulation material already for the second time. 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.

Save Energy, Save the Climate

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.

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.

The Study in Brief:

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 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 material in individual countries.
Chapter 3 provides profiles of the 80 largest manufacturers of insulation material, clearly arranged according to contact details, turnover, profit, product range, production sites, profile summary, products, and applications.


About Ceresana
Ceresana is an internationally leading market research and consulting company for the industry. For 15 years, Ceresana has been supplying several thousand customers from 60 countries with up-to-date market intelligence. Ceresana's clients profit from implementation-oriented consulting services, tailor-made single-client studies and more than 100 independent multi-client market studies. Ceresana's analysts are experts on the following markets: chemicals, plastics, industrial goods, and packaging.