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Energy Efficient Material Market

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The global energy efficient material market size is projected to reach US$ 16.56 billion by 2025, and register a CAGR of 7.1% over the forecast period (2019 – 2027).
Energy Efficient Material Market Share, Emerging
Trends, Analysis and Forecasts to 2026
The global energy efficient material market size is projected to reach US$
16.56 billion by 2025, and register a CAGR of 7.1% over the forecast period
(2019 - 2027).
Market Overview
The need for reducing energy costs and conserving the environment have led
to a high demand for energy efficient materials. Material efficiency means
reducing the degree to which raw material is used, wasted, consumed, or
incorporated in manufacturing and transportation processes.
Market Dynamics
Applying environmentally responsible procedures in all phases of a
building’s life cycle, right from demolition to maintenance, can be beneficial
in terms of durability, economy, comfort, and utility. Furthermore,
components of green building do not release harmful toxins in the
atmosphere, which make it a more sustainable alternative to conventional
manufacturing methods. The building sector is responsible for a considerable
amount of global emissions, which are expected to increase if viable building
techniques are not adopted over the next few years. Opting for green building
practices such as using fiber glass, rock and slag wool material for insulation
purposes can be highly favourable, as manufacturing these materials does not
require energy, and its maintenance costs are also minimal. Such insulation
methods can significantly reduce cooling and heating costs which currently
account for around 40% of an average American family’s utility bill.
Furthermore, rock, fibre glass and wool can be reused.
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In addition to insulation, energy efficient materials find application in several
processes such as cool roofing, lighting, home appliances, and building
materials. Energy efficient alternatives are also cost effective which
ultimately results in financial savings for the consumers. Factors such as
reduction in energy demands, lower carbon footprint, and national resource
security in some countries are expected to propel demand for energy efficient
materials over the forecast period. However, stringent regulations by regional
governments and environmental agencies regarding material stipulations and
quality may hamper growth of the global energy efficient material market in
some countries.
Market Outlook
Regions such as North America and Europe are expected to be the largest
markets owing to the colder climate in the region which requires effective
window insulations and lighting systems. Furthermore, incentives and tax
credits provided by governments in the EU and in the U.S. for energy
efficient materials are projected to account for a major market share in the
energy efficient material market in Europe and North America. Increasing
awareness of sustainable living and energy efficiency in the Asia Pacific
region are likely to benefit the market growth in the region. Moreover, rapid
industrialization and increasing gross domestic product (GDP) in countries in
South America, Middle East, and Africa are projected to result in
considerable demand for energy efficient products in these geographies.
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Key Players
Prominent players in the global energy efficient material market include
China National Materials Group Corp., Fiber Glass Industries Inc., ​Guardian
Building Products, Owens Corning Corporation, Taishan Fiberglass Inc.,
Chongqing Polycomp International Corp, PPG Fiber Glass, and Saint-Gobain
Vetrotex.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market analysis,
consulting services, and competitive analysis through various
recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: ​[email protected]
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