Foam insulation materials are being used to protect our buildings and houses from the outside environment by acting as a barrier between the building and the weather. The foam insulating materials range from fiberglass to glass wool, foam boards, PUR/PIR, EPS, XPS and many other types of insulation materials. Due to the problem with climate change, we must contribute by changing our lifestyle and business into a more green way of doing and thinking. This means we need to act differently in regards to our energy footprint. Energy prices have climbed up to record heights which forces households to integrate a more energy efficient way of living. These factors change the market for insulation in the UK.
Insulation Market After COVID19
Despite that, the COVID19 pandemic is already for most societies behind us, it still has a significant impact for economies around the globe, as evidenced by the year-over-year decline in exports in the UK between April 2020 and April 2021 and the increase in imports over that same period of time. The market and business is clearly trying to recover from it. Despite this, it means it will have a direct impact on the Healthcare, ICT and Chemical industries sector, resulting in a large market for UK Foam Insulation.
Major Reasons That Contribute to the Growth of the U.K Foam Insulation Market
– The increasing use of stone wool (Dutch: steenwol platen) in walls because of the large number of residential buildings.
– The U.K has planned to build many new buildings by 2025; this will help to boost the demand for insulation materials.
Market Players of insulation
The main market players for the U.K foam insulation market are listed below:
– Kingspan Group
– Recticel NV/SA
– IKO Industries Ltd.
– Knauf Insulation
– Bauder Ltd, Unilin
– Bridgestone Corporation
– BASF SE
– The Dow Chemical Company
– Covestro AG
– Huntsman International LLC
– Owens Corning
– Johns Manville
– Trocellen GmbH
Market Insights of the U.K Foam Insulation Market
The insulation market is on the basis of the materials segmented into stone wool, glass wool, PUR/PIR, XPS, EPS, bio-sourced and others. The PUR/PIR insulation materials are dominating the market due to high thermal resistant properties which help to preserve the building from high and low temperatures.
The type of building depends on which type of insulation is prefered. This can be new residential houses, renovation projects, non-residential houses and non-residential renovation houses. One of the biggest segments are the residential new houses that dominate the market because of the high investment costs.
Houses can become insulated in many ways, they can be segmented into walls, flat roof (Dutch: dakisolatie), pitched roof and floor insulation. In the U.K, wall segment insulation is performed most because wall insulation is extremely efficient and a common segment of each building.