The Asia-Pacific Roof Insulation Market was valued at USD 5,431.9 million in 2023.
The Asia-Pacific Roof Insulation Market is expected to increase from USD 5,783.9 million in 2024 to USD 9,628.3 million by 2032, with a compound annual growth rate (CAGR) of 6.6% over the forecast period (2024-2032).
During the projected period, we may expect a rapid adoption of roof insulation in the Asia Pacific area due to increased demand from residential and commercial sectors. Infrastructure has long been recognized as a key determinant in economic development, but it has received fresh attention in recent years. The requirement for sustainable infrastructure to handle climate change problems has increased demand for roof insulation in developing countries. According to the International Trade Administration, the Chinese government's 14th Five-Year Plan, which sets the country's growth priorities from 2021 to 2025, prioritizes new infrastructure projects in transportation, energy, water systems, and new urbanization. According to projections, the total investment in new infrastructure throughout this plan period will be a remarkable 27 trillion yuan (about. $4.2 trillion). The plan also identifies nine important areas for energy efficiency and green building development, including renovating over 350 million square meters of existing buildings and constructing more than 50 million square meters of net-zero energy buildings. The Chinese government's ambitious aims have produced a substantial demand for energy-efficient building materials, such as roof insulation, throughout the Asia-Pacific region.
Market Segment insights
The Asia-Pacific Roof Insulation Market has been categorized by type, which includes batts and rolls, spray foam, rigid insulation, reflective systems, and others.
The Asia-Pacific Roof Insulation Market is divided into four material segments: plastic foam, glass wool, stone wool, and others.
The Asia-Pacific Roof Insulation Market has been categorized based on slope into Flat and Pitched.
The Asia-Pacific Roof Insulation Market has been split based on application into Commercial and Residential.
Regional insights
The Asia-Pacific Roof Insulation market is divided into several countries, including China, Japan, South Korea, Malaysia, Indonesia, Thailand, Vietnam, Australia, and New Zealand. The China Roof Insulation market has the largest market share and is predicted to account for a sizable revenue share throughout the forecast period. The rapid rise of China's construction industry is a key driver of demand in the APAC roof insulation market. As one of the world's largest and fastest-growing economies, China has seen an increase in residential, commercial, and industrial construction projects in recent years. This construction boom, driven by urbanization, infrastructure development, and growing living standards, has resulted in a significant demand for high-performance roof insulation materials throughout the region.
Major Players
The Asia-Pacific Roof Insulation Market is dominated by Sika Group, BASF SE, Kingspan Group Plc (Kingspan), Rockwool International A/S, Knauf Insulation (Knauf), Johns Manville, Aerofoam, Protek Asia Ltd, Saint-Gobain, and Technonicol.
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