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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).

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.

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.

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.

Key Development

  • Key players in the global energy efficient materials market are launching new products, merger & acquisition, partnership and other strategies to cater growing demand for energy efficient materials. For instance, 3A Composites Core Materials, a manufacturer of sustainable and high performing materials, launched BALTEK SealX which reduces uptake of resins by rigid panels by 80% and that of flexible panels by 50%.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users