Japan Building Thermal Insulation Material Market; By Type (Expanded Polystyrene, Wool, Glass, Mineral Wool, and Extruded Polystyrene); By End-User (Residential Construction and Commercial Construction); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Thermal insulation materials are used to reduce heat energy flow from high to low temperatures. For most industries, the thermal insulation material is used to minimize energy consumption and to ensure that the necessary temperature is maintained within an environment where no additional cooling or heating devices are needed. Mainly in the construction industry, thermal insulating materials are used.
This report anticipates the Japan Building Thermal Insulation Material market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. According to the report, the growing cost of energy and energy preservation awareness are the important factors that increase the size of the market. The global government is trying to introduce legislation and policies that will boost isolation demand in commercial buildings thus driving business growth. Japan Building Thermal Insulation Material Market: Segments
Japan market has been segmented on the basis of product, end user, and by location. It has been further segmented by countries into eastern, western, northern and southern region.
By Product Type (in %), Japan Building Thermal Insulation Material Market, 2019
Expanded Polystyrene emulsion is poised to grow at the highest CAGR during the forecasted period. Due to rapid growing road construction activities across the country, the grade bitumen division held the largest market share of 2019.
Japan Building Thermal Insulation Material Market is segmented by type into: Expanded Polystyrene, Wool, Glass, Mineral Wool, and Extruded Polystyrene. Expanded Polystyrene is poised to grow at a significant CAGR due to its superior heat insulation and long service life. Furthermore, the popularity of the segment is expected to increase because of its non-toxic, rot-resistant and recycling properties. The market share of mineral wool isolation in 2019 was XX% and, due to superior product features, including fire safety, effective heat barrier, ecological compatibility and high mechanical strength, a substantial growth is anticipated during the forecasted period.
Japan Building Thermal Insulation Material Market: Market Dynamics
• Zero energy requirement
Many macro-economic drivers of the sector include construction, industrial production, manufacturing output, and building industry expenditure and urbanization patterns. Developed economies, like that of Japan, have developed energy-efficient construction rules, and almost all new buildings constructed in the nation are expected to reach zero energy requirements in 2020.
• High capital cost
The demand for thermal isolation materials in housing developments will be hindered by high capital costs of insulation materials and this will hamper the development of the market in the projected period. For buildings, the use of heat insulation material saves a considerable amount of electrical energy.
Japan Building Thermal Insulation Material Market: Regions
Residential and commercial construction in Japan and the introduction of robust green building codes are expected to support the country’s development in order to decrease energy consumption per structure. Moreover, favorable regulatory authorities are expected to encourage growth over the coming years for the adoption of the residential and commercial thermal insulation material.
The region segment can be further divided into four major types including Eastern Japan, Northern Japan, Western Japan and Southern Japan.
Japan Building Thermal Insulation Material Market: Competitive landscape
The focus of the markets is on growing their share by means of mergers and acquisition. In order to broaden their product range by creating cost effectively-efficient products with improved properties, industry leaders concentrate on research and development activities. Therefore, manufacturers plan to increase their production capacity in order to meet the growing demand for goods. The market is mature and in the majority of the application sectors it is experiencing slow but sustainable growth. Due to the high demand for insulation materials, the market is highly sensitive to prices. There will most certainly be substantial competition between new constructions and the introduction of energy efficiency codes.
Japan Building Thermal Insulation Material Market: Key Players
• Asahi Fiber Glass Co, Ltd
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Kaneka Corporation
• DOW KAKOH K.K
• Asahi Kasei Construction Materials Corp
• NICHIAS Corporation
• MAG-ISOVER K.K
• GAF Materials Corporation
• Fletcher Building Limited
• Other prominent players
The Japan Building Thermal Insulation Material market report also contains analysis on:
Japan Building Thermal Insulation Material Market Segments:
o By Product type:
o By end user:
• Japan Building Thermal Insulation Material Market Dynamics
• Japan Building Thermal Insulation Material Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints