(EMAILWIRE.COM, November 11, 2021 ) The roof insulation market is estimated to reach USD 10.85 billion by 2021 at a CAGR of 4.3% from 2016 to 2021. Factors such as increased infrastructural developments across the globe and government-promoted tax credits and incentives in countries such as the U.S. are propelling the growth of this market. For instance, the U.S. Economic Stimulus Bill provides significant energy tax credits for energy efficient home improvements made during 2011.
On the basis of type, the batts & rolls segment dominates the global roof insulation market because of cheap price and easy installation and availability. However, the rigid insulation segment is anticipated to grow at a significant pace during forecast period. The growth is attributed to the superior seal, high R values, and availability.

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Based on material, the glass wool segment led the market for roof insulation. Roof insulation is the provision of insulation in the rooftop which helps prevent heat loss through the ceilings of an attic. This insulation helps maintain the temperature inside the house by keeping it warm during the winters and cooler during the summers.

Most of the roof insulation manufacturers are located in the European regions with their sales presence all around the globe. Europe is currently estimated to be the largest roof insulation market in the world, however Asia-Pacific is expected to be the fastest-growing market in the coming years, in terms of value.
Presently, the roof insulation market in Asia-Pacific is at the early growth stage and is growing at a faster pace than that of other regions. Rapid urbanization and infrastructural development projects in the emerging countries, such as China, India, and Indonesia are expected to increase the demand for new commercial as well as housing projects. This is expected to consequently increase the demand for roof insulations in the region.

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The global roof insulation market is fragmented and is highly competitive with the presence of large number of prominent players. BASF SE (Germany), Rockwool International A/S (Denmark), Knauf Insulation GmbH (Germany), Owens Corning Corporation (U.S.), and Saint-Gobain (France) are some of the key players operating in this market. These companies adopted various strategies such as expansions, new product launches, and mergers & acquisitions to strengthen their foothold and increase their share in this market.

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