Building Heat Preservation Material Market size was valued at USD 18.5 Billion in 2024 and is forecasted to grow at a CAGR of 5.2% from 2026 to 2033, reaching USD 28.7 Billion by 2033.
South Korea's Building Heat Preservation Material Market is experiencing significant growth, projected to reach USD 370.1 million by 2030, with a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. This surge is driven by stringent energy efficiency regulations and a heightened focus on sustainable construction practices.
Key materials dominating the market include:
Expanded Polystyrene (EPS): Leading with a 32.4% revenue share in 2024, EPS is favored for its cost-effectiveness and thermal insulation properties.
Mineral Wool: Known for its fire resistance and sound insulation, it's widely used in both residential and commercial buildings.
Fiberglass: Valued for its lightweight and high thermal resistance, making it suitable for various applications.
Industrial requirements are evolving, with sectors demanding materials that offer:
Enhanced Energy Efficiency: To meet government-imposed energy-saving standards.
Environmental Sustainability: Materials with low environmental impact are increasingly preferred.
Cost-Effectiveness: Affordable solutions without compromising on quality are in high demand.
From personal experience in the construction industry, the shift towards eco-friendly and energy-efficient materials is evident. Clients are more informed and prioritize long-term savings over initial costs, leading to increased adoption of advanced insulation materials.
In summary, the South Korean market for building heat preservation materials is on an upward trajectory, influenced by regulatory measures and a collective move towards sustainable building solutions. Industries are adapting by integrating materials that not only comply with regulations but also align with environmental and economic objectives.
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Saint-Gobain S.A.
BASF SE
Owens Corning
Kingspan Group PLC
Johns Manville Corporation
Rockwool International A/S
Paroc Group Oy
Gaf Materials Corporation
Beijing New Building Material (Group) Co. Ltd.
Knauf Insulation
Aspen Aerogels
Atlas Roofing Corporation
Cabot Corporation
Covestro Ag
DowDuPont
Firestone Building s Company
Fletcher Building Limited
Huntsman Corporation
KCC Corporation
Lapolla Industries
Nichais Corporation
Ode Industry and Trade Inc.
Recticel SA
Trocellen GmbH
Ursa Insulation
S.A.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Building Heat Preservation Material Market
Fiberglass
Foam Board
Cellulose
Mineral Wool
Polystyrene
Residential Buildings
Commercial Buildings
Industrial Facilities
Public Buildings
Renovation Projects
New Construction
Retrofitting
Do-It-Yourself (DIY)
Professional Installation
Contractors
Architects
Building Owners
Government Agencies
DIY Enthusiasts
Thermal Resistance (R-Value)
Fire Resistance
Moisture Resistance
Sound Insulation
Environmental Impact (Sustainability)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Building Heat Preservation Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Building Heat Preservation Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Building Heat Preservation Material Market, By Type
6. South Korea Building Heat Preservation Material Market, By Application
7. South Korea Building Heat Preservation Material Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Building Heat Preservation Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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