Organic Insulation Materials Market Size, Share, Growth, and Industry Analysis, By Type (Expanded Polystyrene Board (EPS), Extruded Polystyrene Board (XPS), Spray Polyurethane (SPU), Polystyrene Particles, and Other), By Application (Wall, Roof, Floor, and Other), Regional Insights and Forecast to 2031

Updated On: 29 April 2024

Organic Insulation Materials Market Report Overview

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The global organic insulation materials market size was USD 8873.08 million in 2021. As per our research, the market is expected to reach USD 13688.9 million in 2027, exhibiting a CAGR of 7.49% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the organic insulation materials market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Organic insulation materials are generally made of organic fibres such as grass, rock wool, slag wool, and alumina silica. These insulations are commonly used for soundproofing and reducing heat transfer between two spaces. In addition, their significance in the market lies in their sustainability, reduced environmental impact, and effective thermal insulation properties. They contribute to energy efficiency, healthier indoor air quality, and compliance with building regulations. Also, organic insulation materials are versatile, suitable for various applications, and cater to the growing demand for sustainable building practice which make them increasingly relevant in the construction industry

COVID-19 Impact: Shut Down of Construction Industry Hampered the Market Growth

The market for organic insulation materials was halted by the COVID-19 pandemic due to lockdown restrictions to control community transmission of the coronavirus. The lockdown limitations compelled industries to shut down their operations. Along with severely affected industries such as travel and hospitality, the construction industry also faced a reduction in construction operations. Resulted in, the downfall in the construction industry decreased the demand for organic insulation materials which slowed down the growth of this market throughout this health emergency. However, after the pandemic, the market has shown resilience in the demand for the materials which is predicted to grow in the coming years. 

Latest Trends

"Inclination towards Biodegradable Insulation Fuels the Opportunity for Market"

The market is expanding rapidly over the year and witnessing significant growth driven by various key factors. As well as the latest trends and developments are also expected to foster the growth of this market. For instance, one of the latest trends is the biodegradable insulation. There is a growing interest in biodegradable insulation materials that decompose naturally at the end of their life cycle. This natural process can reduce waste and environmental impact which will likely boost the demand for organic materials for insulation. Apart from this, increasingly stringent energy efficiency regulations and green building certifications encourage the adoption of high-performing insulation materials, including organics. Therefore, such trends and innovative materials are predicted to expand opportunities for the market. 

Organic Insulation Materials Market Segmentation

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• By Type Analysis

According to type, the market can be bifurcated into Expanded Polystyrene Board (EPS), Extruded Polystyrene Board (XPS), Spray Polyurethane (SPU), Polystyrene Particles, and Other.

• By Application Analysis

Based on application, the market can be divided into wall, roof, floor, and other.

Driving Factors

"Growing Urbanization and Industrialization to Enhance the Demand for Market"

Primarily, the growth of the organic insulation materials market is driven by the rising urbanization and industrialization around the world, specifically, in developing nations. The growing construction of modern buildings whether commercial or residential, requires these insulation materials to maintain temperature and control sound. As construction activities grow, the demand for organic insulation materials is expected to escalate which will likely enhance the organic insulation materials market growth over this forecast period. 

"Rising Environmental Concerns to Push the Growth of the Market"

Additionally, increasing awareness of environmental issues, such as climate change and sustainability, has led to a growing demand for eco-friendly and sustainable construction materials. Organic insulation materials are often perceived as more environmentally friendly because they are derived from renewable resources and have lower carbon footprints compared to synthetic alternatives. Consequently, such factors are anticipated to force the growth of this market.

Restraining Factor

"Upfront Cost to Impede the Market Expansion"

Although, these insulation materials are environmentally friendly and sustainable options for the insulation industry, however, the upfront cost of the organic materials can be a restraining factor for the growth of this market. As it can be more expensive compared to conventional synthetic alternatives. As a result, this cost differential can discourage adoption, particularly in low-budget construction projects.

Organic Insulation Materials Market Regional Insights

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"Asia Pacific to Lead the Market due to Rapid Urbanization with Sustainable Development Practice"

According to market research, the Asia Pacific is projected to be a dominating region in the market due to rapidly growing urbanization and industrialization particularly, in emerging countries such as China and India. Along with this, the rising population and emphasis on sustainable development practices are also attributed to contributing to spurring the demand for organic materials for building insulation in the region. Furthermore, the region is anticipated to acquire the largest organic insulation materials market shares globally influenced by these factors.

Key Industry Players

"Key Players Emphasis on Sustainability and Use of Renewable Materials to Attract Environmentally Conscious Customers"

Prominent companies lead the market and maintain their competitive edge through innovation, diversification, and a strong focus on sustainability. They continuously invest in research and development to offer improved and eco-friendly insulation solutions. As well as robust distribution networks, high-quality standards, and exceptional customer support enhance their market position. Moreover, effective marketing, compliance with regulations, and global expansion strategies also play crucial roles in staying ahead. 

List of Market Players Profiled

• Ravago (Luxembourg)
• Atlas Roofing (U.S.)
• TECHNONICOL Corporation (Russia)
• Kingspan Group (Ireland)
• Byucksan Corporation (South Korea)
• URSA (Spain)
• Beipeng Technology (China)
• BNBM Group (China)
• Recticel (Belgium)
• Dow (U.S.)

Report Coverage

This report defines the organic insulation materials market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.