Germany active insulation market is estimated to grow at a CAGR of 5.0% during the forecast period. As per the Destatis, turnover in the main construction industry increased by 11.0% in June 2020 compared to June 2019. This leads to increasing demand for active insulation products in the building and construction sector to reduce CO2 emissions and boost energy savings. Despite the COVID 19 pandemic, the German government continued its funding programs for energy efficiency in the building sector and renewable energy. In the first half of 2020, loans and grants totaling nearly $17.2 billion were approved, supported projects in over 215,000 residential units as well as municipal and commercial buildings.
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These investments will avoid over 400,000 metric tonnes of CO2 emissions. In the first half of 2020, the total investment volume was nearly $45.6 billion. The increasing investment in energy-efficient buildings has led to an increased turnover of the Germany construction industry in June 2020. This contributes to the adoption of thermal insulation materials that can play a vital role to reduce greenhouse gas emissions and facilitate energy conservation. Thermal insulation materials can show a long-lasting performance against heat and cold. Resistance to fire and microbiological attacks are other important benefits of mineral wool insulation for external walls.
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Scope of the Germany Active Insulation Market
Market Coverage
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Product and Application
- Competitive Landscape- BASF SE, Wacker Chemie AG, Armacell International S.A., Knauf Gips AG, and Freudenberg SE
Recent Developments in the Germany Active Insulation Market
- In April 2019, Knauf KG acquired USG Corp. that will enable Knauf AG to a better position to address customers’ requirements. Both the business are highly complementary that will enable Knauf to leverage global footprints and product portfolios.
- In June 2018, BASF declared that it is augmenting its global production capacity for Neopor (expandable polystyrene containing graphite) by a total of 40,000 metric tons annually. The company adjusted its two production places in Ulsan, Korea, and Ludwigshafen, Germany, to start Neopor production through the fourth quarter of 2018.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Germany Active Insulation Market-Segmentation
By Product
- Building and Construction
o Mineral Wool
o Expanded Polystyrene (EPS)
o Glass Wool
o Others
- Textile
o Polyester
o Cotton
o Nylon
o Wool
By Application
- Building and Construction
o Commercial
o Residential
- Textile
o Activewear
o Sportswear
o Others
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