Europe Building Insulation Market Size Likely to Grow at a CAGR of 2.89% By 2033

According to current market research conducted by the CMI Team, the European building Insulation Market is expected to record a CAGR of 2.89% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 12 Billion. By 2033, the valuation is anticipated to reach USD 15.17 Billion.

Building Insulation Market: Growth Factors and Dynamics

• Stringent Energy Efficiency Regulations: Ambitious energy efficiency standards and carbon emission cuts in European Union buildings boost growth in the European building Insulation Market in the region. All buildings in the EU must meet minimum energy performance standards by 2027, which will cost developers and owners money in high-class insulation materials.

• Growing Demand for Sustainable Construction: Sustainability is emphasized in the construction industry and green materials such as insulation. A recently launched policy by the EU Green Deal, which anticipates making Europe the first climate-neutral continent by 2050, sets off the demand for sustainable insulation forms.

• Rising Energy Costs: Increasingly high energy prices drive consumers and businesses to seek cheaper ways to reduce their energy usage. Appropriate insulation has been recognized as one vital component in cutting energy losses and thus saving heating and cooling expenses.

• Rising Awareness of Health and Comfort: Health and well-being have been tremendously discussed globally. People today are more concerned about indoor comfort and quality air. Today’s demand is for insulation materials that can provide thermal comfort, soundproofing, or moisture control and improve the quality of people’s homes.

• Awareness of Insulation Benefits: As more consumers start learning of the benefits of insulation to save energy, reduce environmental impact, and maintain better conditions inside buildings, this practice is witnessing growth in residential and commercial domains.

• Public-Private Partnerships: Government agencies, industry players, and research institutions collaborate to innovate insulation materials and practices. Public-private partnerships promote the improvement of energy-efficient solutions and best practices for construction.

Building Insulation Market: Partnership and Acquisitions

• In December 2023, ROCKWOOL Group agreed to acquire Boerner Insulation Sp. z o.o. in Poland, a factory near the German-Czech border. This logistics and supply-chain location is well-suited for serving multiple European markets. The acquisition will accelerate ROCKWOOL’s growth plans in this high-priority region. Boerner Insulation is currently overseen by an administrator appointed by the Polish government and is owned by companies sanctioned by the Polish government.

• In July 2022, Armacell, a global leader in flexible foam and engineered foams, acquired Serbian pre-insulated pipe manufacturer IZOLIR. The deal includes production lines in IZOLIR’s Zrenjanin and Alibunar facilities and establishes Armacell’s presence in Serbia. The purchase price is kept confidential.

Report Scope

Building Insulation Market: COVID-19 Analysis

The COVID-19 pandemic significantly disrupted the European building insulation market. Supply chain constraints owing to lockdowns impacted demand from the construction industry. Production shutdowns and restrictions on cross-border movement of products also affected market expansion.

However, the market experienced a revival due to essential industries, including urbanization and renovation projects, supporting building insulation for various construction facilities. When industries started to revive post-pandemic, the market slowly recovered as more funds flowed into infrastructural development, and there was a need to cut down on energy consumption for building insulation solutions.

List of the prominent players in the Europe Building Insulation Market:

• Armacell S.A.E
• BASF SE
• Bauder
• Ecotherm Insulation
• Evonik
• Groupo Flexicel
• Kingspan Group PLC
• Knauf Gips KG
• ProHolod
• Recticel Group
• Rockwool A/S
• Romakowski GmbH & Co. KG
• Saint Gobain SA
• Superglass Insulation Ltd.
• Ursa
• Others

The Europe Building Insulation Market is segmented as follows:

By Type

• Mineral Wool
  • Glass Wool
  • Stone Wool
• Foamed Plastics
  • Expanded Polystyrene (EPS)
  • Extruded Polystyrene (XPS)
  • Polyurethane (PU)
  • Polyisocyanurate (PIR)
  • Other
• Fiberglass
• Cellulose
• Aerogels
• Others

By Application

• Floor Basement
• Wall
• Roof Ceiling

By End User

• Residential
• Non-Residential
  • Industrial
  • Commercial
  • Others

Regional Coverage:

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe