Insulating and saving: new Ceresana report on the world market for insulation materials

KONSTANZ, Germany - Sept. 24, 2020 - PRLog -- There is no way around insulation if energy saving and climate protection are to be taken seriously. Ceresana has already examined the world market for insulation materials used in the construction industry for the third time. Mineral, synthetic, and natural insulation products are used primarily for thermal and acoustic insulation of buildings, primarily in the form of mats, boards, or as a loose filling. Insulation materials have a considerable market potential: analysts at Ceresana expect global demand to grow to a total of over 617 million cubic meters by 2027. The most important factors in this regard are government regulations on the reduction of climate-damaging greenhouse gases and energy conservation.

Organic Products are Thriving

Insulation materials made from renewable resources are considered to be particularly sustainable and environmentally friendly. Bio-based insulating materials such as straw, reed, hemp, cork, wool, coconut fibers, or wood chips are climate-neutral, because they absorb carbon dioxide as they grow. They can be purchased regionally, which avoids long transportation routes, they are easy to process and dispose of, and they have perfect values in an ecological assessment. However, they are often even more expensive than products made from crude oil and have to be protected against moisture, pests, and fire. Building regulations and safety standards are also complicating their usage in many places. Eco-insulation materials still represent niche products, but demand is growing steadily.

Construction Industry Defies Corona Crisis

The construction industry has so far been less affected by the corona pandemic and the measures to contain it than other industries. There have been significant regional differences in the past few years, even before the current crisis, with regard to refurbishment and renovation, but also in new building construction: the construction sector slumped very sharply in countries that were particularly affected by the economic crisis of 2008/09, and the effects are still felt today. In other countries, such as Germany, the construction sector developed much more positively. In the developed industrialized countries, it is primarily existing buildings that are being renovated to make them more energy-efficient, whereas significantly more new buildings are being constructed in the emerging markets. The economic situation, factors such as the unemployment rate or disposable income, as well as demographic developments also have an impact on the consumption of insulation materials.

Further information: https://www.ceresana.com/en/market-studies/industry/insul...