Industrialization and Need for Energy Efficient Buildings will Boost Asia Building Thermal Insulation Materials Industry-Ken Research

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Thermal insulation materials are used to avoid transfer of heat energy from two differing temperature regions. These materials provide high quality insulation to avoid heat absorption. Thermal insulation materials are segmented on the basis of material type and temperature range of the insulation material. Various building thermal insulation materials are stone wool, fiberglass, plastic foam, and others. Thermal insulation materials are categorized based on temperature ranging from -160° C to -50º C, -49º C to 0ºC, 1ºto 100ºC, and 101ºC to 650ºC. Thermal insulation materials are used in various fields such as buildings, spacecraft, mechanical systems, clothing, natural animal insulation, automotive, and others. The major factors affecting the quality of thermal insulation materials are insulation thickness, specific heat capacity, thermal bridging, surface emissivity, density, and thermal conductivity. Thermal insulation materials are used across various industries to reduce energy consumption by maintaining the required temperature in a particular area. Thermal insulation materials are used in construction industry to maintain temperature range of around 1ºC to 100ºC.

According to the study “Asia Building Thermal Insulation Materials Industry Situation and Prospects Research report”, the key factors driving the growth of thermal insulation materials market are increasing investment in the construction industry, rising number of manufacturing units, and growing urbanization. Asian countries have formulated strict regulations to reduce energy consumption. Developing economies such as India have adopted the Energy Conservation Building Code (ECBC) to help reduce the energy consumption by using green building materials. Other Asian countries are making huge efforts to achieve zero-energy standards in order to reduce the pollution generated in the production of thermal energy. There are increasing environmental concerns which are the key opportunities for the growth of the thermal insulation market in Asia. The greatest market challenge is the high capital cost of thermal insulation materials which is a hurdle in the growth of the thermal insulation market. Residential buildings and commercial offices are the major consumers of more than 30% of the energy which is utilized for the cooling and heating of buildings. Asia accounts for a maximum share of the thermal insulation material market with the introduction of LNG and other similar materials.

Asia building thermal insulation materials market consists of numerous vendors such as BASF, Knauf Insulation, Owens Corning, Paroc Group, ROCKWOOL International, Atlas Roofing, Beijing New Building Material (Group), BYUCKSAN, Cellofoam North America, Dalian Yanmian, The Dow Chemical Company, GAF, Huntsman International, Johns Manville, Kingspan Group, NOVA Chemicals and Saint-Gobain. All the major vendors in the Asia building thermal insulation materials market compete based on factors such as operation cost, innovation, product quality, and price. Various building thermal insulation materials available in Asia are silicate insulation materials, ceramic thermal insulation material, powder polystyrene particles, foamed cement and others. Applications of Asia building thermal insulation materials are in construction of industrial buildings, civil residences and others.

The various other applications in building thermal insulation market are wall insulation, roof insulation, and floor insulation. Building thermal insulation materials reduce the amount of power required to heat or cool a building by minimize the amount of heat that escapes during the winter and limiting hot summer air penetrating into the house. Building thermal insulation is a cost-effective measure in regions with wide range of annual average temperatures. The plastic foam is one such building thermal insulation material that accounts for a major share among all variants of building thermal insulation materials. Plastic foam attributes qualities such as higher thermal resistance (R-Value), versatility, strength, and life span. There is an increasing demand for energy efficient buildings and maximum loss of energy through walls in a building drives the demand for wall thermal insulation materials. The internal and external wall insulation provides thermal, fire, and sound protection for all types of buildings.

Residential and commercial buildings are the largest consumers of energy and carbon-dioxide polluters. Majority of the energy consumption in buildings is used for heating, ventilation, and cooling. There is a huge demand for green buildings with low energy consumption, green roofs and green walls which are likely to increase the demand for building thermal insulation materials in the coming years. The boom in Asia’s housing sector, awareness regarding energy efficient buildings and rising cost of energy encourages the building thermal insulation materials market in Asia in the next few years.

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