Updated Feb 4, 2023 10:17

Global Insulating Board Market

Market Overview
In , the global insulating board market increased by % to $, rising for the third year in a row after three years of decline. The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.

In value terms, insulating board production fell to $ in estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of %. Over the period under review, global production hit record highs at $ in 2011; however, from 2012 to , production failed to regain momentum.

The countries with the highest volumes of production in were India ( cubic meters), the United States ( cubic meters) and Pakistan ( cubic meters), with a combined % share of global production. These countries were followed by Brazil, Turkey, Germany, Poland, Thailand, the UK, Egypt, Malaysia, Italy and Argentina, which together accounted for a further %.

From 2007 to , the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Italy (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.


Consumption
Global insulating board consumption fell to cubic meters in , remaining relatively unchanged against the previous year's figure. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak volume of cubic meters. From 2017 to , the growth of the global consumption failed to regain momentum.

The global insulating board market size amounted to $ in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the maximum level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.


Consumption by Country
The countries with the highest volumes of consumption in were India ( cubic meters), the United States ( cubic meters) and Pakistan ( cubic meters), together comprising % of global consumption. Germany, Brazil, Turkey, the UK, Italy, Egypt, Kenya, Argentina, Poland and the Philippines lagged somewhat behind, together comprising a further %.

From 2007 to , the biggest increases were recorded for Germany (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest insulating board markets worldwide were the United States ($), Italy ($) and the Philippines ($), together accounting for % of the global market.

Among the main consuming countries, Italy, with a CAGR of +%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of insulating board per capita consumption in were Germany ( cubic meters per persons), Turkey ( cubic meters per persons) and Poland ( cubic meters per persons).

From 2007 to , the biggest increases were recorded for Germany (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Market Forecast
Driven by increasing demand for insulating board worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .