Building Insulation Products Market Report - UK 2021-2025 - AMA Research

Building Insulation Products Market Report - UK 2021-2025

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The 9th edition of this report has been updated to cover the latest developments in the market in terms of the impact of key drivers. The report includes market sizing, drivers, developments and prospects through to 2024, key products with mixes and trends, key suppliers and routes to market. In this issue there is an additional section on drylining products.

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The 9th edition of this report has been updated to cover the latest developments in the market in terms of the impact of key drivers. The report includes market sizing, drivers, developments and prospects through to 2024, key products with mixes and trends, key suppliers and routes to market. In this issue there is an additional section on drylining products.

Key Issues Covered in the Report

  • Market forecasts to 2024 – impact of government initiatives and building regulation amendments; the influence of energy price changes, etc.
  • Recent market trends-influence of ECO programme, housebuilding, non-residential construction etc.
  • Specific and relevant information – details of market size, factors influencing the market, and key players.
  • Analysis by product group – product mix and influences in the main insulation products sectors.
  • Analysis by end use sectors – details of key applications and end use sectors for building insulation.

Some of the companies listed within this report:

Kingspan Group, Knauf Insulation, Rockwool UK, Saint Gobain Construction Products, Xtratherm, Recticel Insulation,  Kay-Metzeler EPS, Jablite, Superglass Insulation, Ravago Building Solutions, SIG Group, Encon Insulation, CCF, Minster Insulation, Everwarm, Instagroup, Dyson Energy Services, Lawtech, A & M Energy Solutions, Carillion Energy Services,  Viscount Environmental, BillSaveUK, Springvale Insulation, EcoTherm Insulation UK, British Vita Group, Armacell UK

Areas of Particular Interest

  • Changing mix of insulation products by end use sector.
  • Review of key suppliers, distributors and installers.
  • Assessment of market potential by end se application covering domestic RMI and retrofit, new build, non-residential building etc.
  • Detailed reviews of key applications and drivers e.g. lofts, cavity walls, solid walls and flat roofs.

KEY AREAS COVERED IN THE REPORT

Market Overview

  • Market size & trends in 2019/20 – impact of Government programmes; assessment of trends in energy prices & other market drivers e.g. amendments to Building Regulations etc, impact of Covid-19 pandemic
  • Forecasts to 2024 – assessment of impacts of the building an across the residential and non-residential markets.
  • Potential areas for growth- domestic solid walls, non-residential sector flat roofs, added value solutions, ‘easy-to-fill’ lofts etc, growth in underfloor heating

Product Sectors

  • Reviews of thermal insulation market
  • By material type – glass wool, stone wool, polystyrene, phenolic foam etc – overall mix by value, trends, supplier shares
  • By application – lofts, flat roofs, cavity walls, solid walls and other:- retrofit vs newbuild, material mix within each sector recent trends, market potential

End user review

  • Overview of mix between domestic retrofit, housebuilding and non-domestic sectors.
  • Review of domestic retrofit: profile of housing stock; analysis of recent trends, market mix by application; market potential for lofts, cavity & solid wall insulation.
  • Review of housebuilding: profile of housebuilding stock; recent trends; market mixes.
  • Review of non-domestic: recent trends and assessment of potential demand for retrofit insulation in existing commercial premises.

Supply and Distribution

  • Supplier review – market shares, trends, company profiles for e.g. Kingspan, Knauf, Rockwall, Saint Gobain
  • Construction Products, Xtratherm, Recticel etc
  • Distributor review – channel shares, company profiles.

In 2015 the market for building insulation products experienced a downturn, driven by a significant fall in government-subsidies, which had previously been a large end use sector. This reduced funding to deliver the Energy Company Obligation (ECO) resulted in far lower levels of domestic installation activity compared to under previous government initiatives.

Despite the decline of the retrofit market, the overall market increased year on year from 2016 to 2019 through strong demand in new housebuilding, a growing market for home extensions and a strong non-residential new build sector, particularly in 2017, which saw the total market value increase by around 6%. Growth continued in 2018 and 2019 as non-residential construction output and housebuilding levels continued to rise, despite a slowdown in some sectors, such as offices and retail, taking market value to around £1.7 billion. As has been the case across the construction sector, COVID-19 had a significant impact on the market in 2020, with an estimated 16% fall in market value.

CONTENTS

RESEARCH SERVICES OFFERED BY AMA RESEARCH 3
1. INTRODUCTION 9
1.1 BACKGROUND 9
1.2 SOURCES OF INFORMATION 9
1.3 GLOSSARY 10
2. SUMMARY 11
2.1 MARKET BACKGROUND 11
2.2 MARKET PROSPECTS 13
3. UK BUILDING INSULATION PRODUCTS MARKET 15
3.1 DEFINITION 15
3.2 MARKET SIZE AND RECENT TRENDS 15
3.2.1 Insulation and Drylining Market Size 15
3.2.2 Market Prospects 18
3.3 KEY MARKET INFLUENCES 20
3.3.1 EU/Government Initiatives 20
3.3.2 The Building Regulations Part L 2013 22
3.3.3 Energy Prices 24
3.3.4 Housebuilding and Construction 25
3.3.5 Non-residential Construction 27
3.3.6 Demand for Underfloor Heating 30
4. PRODUCT MIX 33
4.1 OVERVIEW OF BUILDING INSULATION PRODUCTS 33
4.2 BUILDING INSULATION PRODUCTS 34
4.2.1 Glass wool 34
4.2.2 Stone wool 35
4.2.3 Polyurethane (PUR)/Polyisocyanurate (PIR) foam 35
4.2.4 Expanded and Extruded Polystyrene Foam (EPS and XPS) 37
4.2.5 Other 37
4.3 PRE-FABRICATED/OFFSITE AND COMPOSITE PRODUCTS 38
5. MARKET MIX BY END-USE SECTORS 41
5.1 OVERVIEW 41
5.2 DOMESTIC RMI/RETROFIT 42
5.2.1 Housing Stock 42
5.2.2 Recent Market Trends 43
5.2.3 Domestic Retrofit Market Prospects for Insulation Products 45
5.3 HOUSEBUILDING 45
5.3.1 Profile of Housebuilding 45
5.3.2 Recent Market Trends 45
5.3.3 Housebuilding Market Prospects for Insulation Products 46
5.4 NON-RESIDENTIAL BUILDINGS 47
5.4.1 Non-Residential Building Stock 47
5.4.2 Market Trends 47
5.4.3 Non-Residential Buildings Market Prospects for Insulation Products 48
6. APPLICATIONS 50
6.1 INTRODUCTION 50
6.2 LOFTS/PITCHED ROOFS 50
6.2.1 Profile of Dwellings with Lofts 50
6.2.2 Recent Trends in Loft Insulation 50
6.2.3 Market Prospects for Loft Insulation 54
6.3 FLAT ROOFS 55
6.3.1 Profile of Buildings with Flat Roofs 55
6.3.2 Recent Trends in Flat Roof Insulation 55
6.3.3 Market Prospects for Flat Roof Insulation 57
6.4 CAVITY WALLS 58
6.4.1 Profile of Dwellings with Cavity Walls 58
6.4.2 Recent Trends in Domestic Cavity Wall Insulation 59
6.4.3 Market Prospects for Domestic Cavity Wall Insulation 62
6.5 DOMESTIC SOLID WALLS 63
6.5.1 Profile of Dwellings With Solid Walls 63
6.5.2 Recent Trends in Domestic Solid Wall Insulation 66
6.5.3 Market Prospects for Solid Wall Insulation 67
6.6 OTHER APPLICATIONS 67
6.6.1 Ground Floor Thermal Insulation 67
6.6.2 Acoustic Insulation 68
6.6.3 Dry Lining Products 69
6.6.4 Site Built Metal Cladding and Roofing Systems 71
7. SUPPLIERS 74
7.1 MANUFACTURERS & SUPPLIERS MARKET SHARES 74
7.2 PROFILES OF MAJOR INSULATION MANUFACTURERS 75
7.2.1 Kingspan Group 75
7.2.2 Knauf Insulation 75
7.2.3 Rockwool UK 76
7.2.4 Saint Gobain UK Construction Products (SGCP) 76
7.2.5 Xtratherm UK 76
7.2.6 Recticel Insulation Products (RIP) 77
7.2.7 Key Metzeler 77
7.2.8 Jablite 77
7.2.9 Superglass Insulation 77
7.2.10 Ravago Building Solutions (RBS) 77
7.2.11 Others 78
8. DISTRIBUTION 80
8.1 OVERVIEW 80
8.2 DISTRIBUTOR PROFILES 81
8.3 INSTALLERS 83
APPENDICES 85
APPENDIX A: ECONOMIC ENVIRONMENT 85
A.1 OVERVIEW AND OUTLOOK 85
A.2 GDP 85
A.3 INFLATION & INTEREST RATES 87
A.4 EMPLOYMENT & WAGES 87
A.5 HOUSEHOLD CONSUMPTION 88
A.6 STERLING 89
A.7 TRADE & BUSINESS INVESTMENT 90

TABLES AND CHARTS

CHART 1: UK BUILDING INSULATION PRODUCTS MARKET BY VALUE £M 2015-2024 11
CHART 2: UK BUILDING INSULATION PRODUCTS MARKET BY VALUE (£ MILLION MSP) 2015 TO 2024 16
CHART 3: HOUSEHOLDS WITH MEASURES INSTALLED THROUGH ECO /GREEN DEAL, BY MONTH 2015 TO 2020 17
CHART 4: UK INDICES FOR OVERALL AVERAGE ANNUAL ENERGY PRICES FOR INDUSTRY (EXCLUDING CLIMATE CHANGE LEVY) AND AVERAGE ANNUAL INSULATION PRODUCT PRICES (2010 = 100) 2010 TO 2019 18
TABLE 5: TOTAL INSULATION MEASURES DELIVERED UNDER ECO – UP TO SEPTEMBER 2020 21
TABLE 6: BUILDING REGULATION AMENDMENTS IMPACTING ON THE BUILDING INSULATION MARKET 22
TABLE 7: BUILDING REGULATIONS PART L 2013 NOTIONAL BUILDING SPECIFICATION VS LIMITING U-VALUES BY INSULATION APPLICATION 23
CHART 8: UK FUEL PRICE INDICES FOR THE INDUSTRIAL SECTOR IN CURRENT TERMS (EXCLUDING THE CLIMATE CHANGE LEVY) 2010 = 100, 2011 TO 2020 25
CHART 9: HOUSE BUILDING STARTS AND COMPLETIONS (UK) BY NUMBER OF DWELLINGS 2015 TO 2024 26
CHART 10: NON-RESIDENTIAL CONSTRUCTION OUTPUT (GREAT BRITAIN) NEW WORK & RMI – CURRENT PRICES (£BN) 2015 -2024 27
CHART 11: GB NON-RESIDENTIAL CONSTRUCTION OUTPUT NEW WORK ANALYSIS BY SECTOR % BY VALUE 2019 AND 2024 28
CHART 12: UK UNDERFLOOR HEATING MARKET BY VALUE (£M MSP) 2015-2024 31
CHART 13: MIX OF BUILDING INSULATION PRODUCTS BY MATERIAL % BY VALUE – POLYSTYRENE, PHENOLIC, MINERAL, PUR ETC. – 2020 33
CHART 14: UK SUPPLIERS OF GLASS WOOL ESTIMATED MARKET SHARES, 2020 35
CHART 15: UK SUPPLIERS OF PUR/PIR BOARDS ESTIMATED MARKET SHARES, 2020 37
TABLE 16: MAIN PREFABRICATED BUILDING PRODUCTS INCORPORATING INSULATION 39
CHART 17: UK MARKET SHARE – INSULATION PRODUCTS BY VOLUME BY END USE SECTOR, 2020 41
CHART 18: GB DWELLING STOCK BY AGE BAND (%) 42
CHART 19: GB DWELLING STOCK BY TYPE OF PROPERTY (% OF DWELLINGS) 43
CHART 20: TOTAL NUMBERS OF INSULATION MEASURES DELIVERED UNDER ECO BY TYPE (LOFTS, SOLID WALLS, ETC). TOTAL 1,835K INSTALLATIONS 2020 44
CHART 21: UK GB RETROFIT INSULATION MARKET BY APPLICATION BY AREA INSTALLED 2020. INSTALLED VOLUME = ~9.1 MILLION M² 44
TABLE 22: GB POTENTIAL FOR INSULATION MEASURES IN EXISTING PROPERTIES AS OF DECEMBER 2019 45
CHART 23: UK NEW HOUSEBUILDING MARKET FOR INSULATION BY AREA INSTALLED BY APPLICATION – GROUND, LOFTS, EXTERNAL, INTERMEDIATE. 46
CHART 24: GB RETROFIT MARKET FOR LOFT INSULATION PRODUCTS BY AREA INSTALLED (MILLION M2) 2011 – 2020 51
CHART 25: UK RETROFIT LOFT MARKET FOR INSULATION BY TYPE OF MEASURES BY AREA INSTALLED 2020 – POPULATION ~5.5 MILLION M² 52
CHART 26: UK RETROFIT LOFT MARKET FOR INSULATION BY MATERIAL BY AREA INSTALLED 2020 – POPULATION ~5.5 MILLION M² 52
CHART 27: GB HOUSEBUILDING MARKET FOR LOFT INSULATION PRODUCTS 2011 TO 2020 53
TABLE 28: SUMMARY OF LOFT INSULATION LEVELS IN GB AT DECEMBER 2019 54
TABLE 29: STOCK OF FLATS IN UK, ENGLAND AND SCOTLAND 2018/19 – TOTAL, PRIVATELY OWNED AND SOCIAL HOUSING 55
CHART 30: UK FLAT ROOF MARKET FOR INSULATION BY PRODUCT TYPE (PIR, STONEWOOL, XPS ETC) BY AREA INSTALLED, 2019 57
CHART 31: DWELLINGS IN GB WITH CAVITY WALLS % DECEMBER 2019 – 20.1 MILLION DWELLINGS WITH CAVITY WALLS 59
CHART 32: GB RETROFIT MARKET FOR CAVITY INSULATION PRODUCTS BY AREA INSTALLED (MILLION M2), 2011 TO 2020 60
CHART 33: UK RETROFIT CAVITY WALL INSULATION MARKET BY MATERIAL BY VOLUME, 2020 61
CHART 34: GB HOUSEBUILDING MARKET FOR CAVITY WALL INSULATION PRODUCTS BY AREA INSTALLED, 2011 TO 2020 62
TABLE 35: SUMMARY OF CAVITY WALL INSULATION LEVELS IN GB AT DECEMBER 2019, INSULATED, UNCERTAIN, EASY TO TREAT ETC. 63
CHART 36: % GB DWELLINGS WITH SOLID WALLS WITH & WITHOUT INSULATION AS AT DECEMBER 2019 – 8.5 MILLION DWELLINGS 64
CHART 37: GB DWELLINGS WITH SOLID WALLS – % BY TYPE OF WALL CONSTRUCTION (MASONRY, TIMBER / STEEL FRAME ETC) AT DECEMBER 2019 – 8.5M DWELLINGS 64
CHART 38: GB 8.5M DWELLINGS WITH SOLID WALLS BY % BY YEAR OF BUILD 65
TABLE 39: ENGLAND – PROPORTIONS OF SOLID WALLED DWELLINGS VS CAVITY WALLED DWELLINGS BY BROAD LOCATION 65
CHART 40: GB RETROFIT (GREEN DEAL & ECO) MARKET FOR SOLID WALL INSULATION 2011 – 2020 66
CHART 41: DRYLINING -APPROXIMATE MIX BY MAIN APPLICATION (INTERNAL WALLS/PARTITIONS, OUTSIDE WALLS, CEILINGS) BY AREA INSTALLED 2020 69
CHART 42: UK DRYLINING MARKET – SUPPLIER MARKET SHARES 70
CHART 43: UK TOTAL INSULATION PRODUCTS – MANUFACTURERS MARKET SHARES BY VALUE 74
CHART 44: MAJOR DISTRIBUTION CHANNELS FOR BUILDING INSULATION PRODUCTS 80
CHART 45: BUILDING INSULATION PRODUCTS DISTRIBUTION – ESTIMATED % SHARES BY VALUE 81
CHART A1: GVA CHAINED VOLUME MEASURES, 2016-2021, KEY CONSTITUENT ELEMENTS 86
CHART A2: CPI INFLATION AND BANK OF ENGLAND BASE RATE, 2008-2023 87
CHART A3: AVERAGE WEEKLY EARNINGS DATA – GB – TOTAL PAY – 2014-2019 (SEASONALLY ADJUSTED) 88
CHART A4: DI PER CAPITA & SAVINGS RATIO AT CURRENT PRICES 2008-2023 89
CHART A5: EXCHANGE RATE FLUCTUATIONS 2015-2019, STERLING TO THE DOLLAR AND THE EURO, SPOT RATES 90
CHART A6: TRADE & BUSINESS INVESTMENT, 2019-2020 91

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