Table of Contents
Executive Summary
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- The market
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- Figure 1: The UK market for thermal insulation, by sector, 201216
- Thermal insulation market expected to demonstrate modest annual growth post-2017, partly driven by demand in new housebuilding sector
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- Figure 2: Forecast UK market for thermal insulation, 2016-20
- Market factors
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- Figure 3: Construction output in Great Britain, 2011-15
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- Figure 4: Total number of Insulation measures installed under ECO and Green Deal , by region, January 2013 March 2017
- The Industry
- What we think
Key Insights
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- What are the new Minimum Energy Efficiency Standards in the private rented sector? Will these offer growth potential for thermal insulation measures?
- What are the government’s future plans for the ECO scheme? What is the likely impact on the thermal insulation demand?
- What are the industry proposals for the Clean Growth Plan to help address the significant gap in policy to tackle emissions from buildings?
Introduction
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- Definitions
- Methodology
- Abbreviations
- Market Positioning
UK Economy
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- Overview
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- Figure 5: Forecast GDP development 2017-21
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- Figure 6: UK GDP quarterly development, 2004-17
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- Figure 7: UK GDP in economic downturns and recoveries since 1979
- Inflation
- Interest rates
- House prices
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- Figure 8: UK House price changes, 2006-2017
- Consumer spending
- Manufacturing
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- Figure 9: UK manufacturing, 2014-17
- Business investment
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- Figure 10: UK GFCF 2003-17
- Imports
- Exports
Market Factors
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- Key Points
- Market Factors Overview
- Climate Change Act 2008
- Building Regulations
- Energy supplier obligation initiatives to improve energy efficiency of domestic homes
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- Figure 11: Summary of major energy efficiency programmes since 2000
- EEC/CERT and CESP schemes boosted demand for key insulation measures over last decade
- CERT and CESP replaced by ECO in 2013
- Green Deal 2013-15
- Green Deal Home Improvement Fund temporarily boosts take-up of solid wall insulation in 2015
- Green Deal relaunched in June 2017 under new private ownership
- Minimum Energy Efficiency Standards for Private Rented Sector
- Enhanced Capital Allowance Scheme
- Each Home Counts Review sets out new quality and standards framework for all energy efficiency and renewable energy measures
- Long-awaited Clean Growth Plan, due to be published in autumn 2017, set to provide a blueprint for the UK's decarbonisation pathway
Market Size
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- Key Points
- Market Size
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- Figure 12: UK market for thermal insulation, 2012-16
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- Figure 13: UK market for thermal insulation, 2012-16
- Market Segmentation
- Overview
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- Figure 14: Segmentation of the UK market for thermal insulation, by sector, 2012-16
Building Thermal Insulation
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- Key Points
- Market Overview
- Revisions to building regulations see insulation standards tighten over the last 15 years
- Conservative government scraps Zero Carbon Homes Plan to reduce regulation on housebuilders
- Government schemes boost retro-fit installations of key insulation measures over the last decade
- Frequent policy changes have resulted in a stop-start retro-fit building thermal insulation
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- Figure 15: UK market for building thermal insulation, 2012-16
- Market Segmentation
- Cost of thermal insulation could rise following EU ruling on UK reduced tax rates, though Brexit puts this into doubt
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- Figure 16: UK market for building thermal insulation, by type of insulation, 2012-16
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- Figure 17: UK market for building thermal insulation, by type of insulation, 2012-16
- Cavity Wall Insulation
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- Figure 18: UK market for cavity wall insulation, 2012-16
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- Figure 19: UK market for cavity wall insulation, 2012-16
- Loft Insulation
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- Figure 20: UK market for loft insulation, 2012-16
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- Figure 21: UK market for loft insulation, 2012-16
- Draught Proofing
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- Figure 22: UK market for draught proofing, 2012-16
- Roof Insulation
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- Figure 23: UK market for roof insulation, 2012-16
- External Wall Insulation
- Impact of government schemes on solid wall insulation uptake
- Green Deal Home Improvement Fund provides much needed - albeit temporary - boost to solid wall insulation sector in 2014 and 2015
- Government increases proposed target for solid wall insulation for 2017/18, but it’s lower than installations levels seen under ECO in recent years
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- Figure 24: UK market for external wall insulation, 2012-16
- Internal Wall Insulation
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- Figure 25: UK market for internal wall insulation, 2012-16
- Pipe & Cylinder Lagging
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- Figure 26: UK market for pipe & cylinder lagging, 2012-16
- Floor Insulation
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- Figure 27: UK market for floor insulation, 2012-16
Industrial Thermal Insulation
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- Key Points
- Market Overview
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- Figure 28: UK market for industrial thermal insulation, 2012-16
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- Figure 29: UK market for industrial thermal insulation, by material, 2016
- Figure 30: UK market for industrial thermal insulation, by type, 2016
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- Figure 31: UK market for industrial thermal insulation, by end use sector, 2016
Regional Analysis
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- Key Points
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- Figure 32: Insulation measures installed under Green Deal and ECO, by region, January 2013-March 2017
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- Figure 33: Total number of insulation measures installed under ECO and Green Deal , by region, January 2013- March 2017
- Regional Construction Output
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- Figure 34: Regional private housing construction output, 2012-16
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- Figure 35: Regional public housing construction output, 2012-16
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- Figure 36: Regional public non-residential construction output, 2012-16
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- Figure 37: Regional private industrial construction output, 2012-16
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- Figure 38: Regional private commercial construction output, 2012-16
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- Figure 39: Regional housing repair & maintenance output, 2012-16
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- Figure 40: Regional public non-residential repair & maintenance output, 2012-16
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- Figure 41: Regional private non-residential repair & maintenance output, 2012-16
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- Figure 42: Manufacturing businesses in the UK, by region, 2016
Seasonality of Sales
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- Key Points
- Seasonality of Construction Output
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- Figure 43: Seasonality of public housing output, 2012-16
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- Figure 44: Seasonality of private housing output, 2012-16
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- Figure 45: Seasonality of public non-residential construction output, 2012-16
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- Figure 46: Seasonality of private industrial construction output, 201216
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- Figure 47: Seasonality of private commercial construction output, 201216
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- Figure 48: Seasonality of public housing repair & maintenance output, 2012-16
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- Figure 49: Seasonality of private housing repair & maintenance output, 2012-16
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- Figure 50: Seasonality of public non-residential repair & maintenance output, 2012-16
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- Figure 51: Seasonality of private non-residential repair & maintenance output, 201216
Market Trends
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- Key Points
- Housing Sector Characteristics and Trends
- Number of households
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- Figure 52: UK households, 19912016
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- Figure 53: Government predictions of the number of households in the UK, 2019-39
- House condition
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- Figure 54: Housing stock distribution in England, by age, 2015
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- Figure 55: Housing stock analysis for England, by type, 2015
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- Figure 56: Housing stock distribution in Scotland, by age, 2015
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- Figure 57: Housing stock analysis for Scotland, by type, 2015
- Figure 58: Housing stock size analysis for Scotland, by type, 2015
- Home ownership
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- Figure 59: UK home ownership trends, 2006-16
- Energy Efficiency ratings of dwelling
- Housing Transactions
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- Figure 60: Residential property transactions in the UK, 2012-16
- ECO and the Green Deal
- ECO programme
- Targets scaled back in ECO 2 (April 2015 - March 2017)
- Third and transitory phase of ECO ( ECO 2t or ECO 3) to run from April 2017 to September 2018
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- Figure 61: Number of ECO measures installed, by obligation and month, Q1 2013- Q1 2017
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- Figure 62: Number of insulation ECO measures installed, by obligation, January 2013 to March 2017
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- Figure 63: Key insulation ECO measures installed, by obligation, January 2013 to March 2017
- The Green Deal
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- Figure 64: Number of Green Deal Plans in unique properties, May 2013 to May 2016
- Figure 65: Number of insulation measures installed using Green Deal Finance
Distribution
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- Key points
Supply Sources
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- Key Points
- Production
- Overview
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- Figure 66: UK production of selected thermal insulation materials, 2012-16
- SegmentationError! Bookmark not defined.
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- Figure 67: Segmentation of the UK production of selected thermal insulation materials, by material, 2016
- Figure 68: Segmentation of the UK production of selected thermal insulation materials, by material, 2012-16
- Mineral and glass wool manufacturing sectors highly concentrated
- Investment plans at UK insulation material manufacturing plants
- Imports
- OverviewError! Bookmark not defined.
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- Figure 69: UK imports of selected thermal insulation materials, 2012-16
- Segmentation
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- Figure 70: Segmentation of UK imports of selected thermal insulation materials, by material, 2011-16
- Exports
- Overview
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- Figure 71: UK exports of selected thermal insulation materials, 2012-16
- Segmentation
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- Figure 72: Segmentation of UK exports of thermal insulation materials, by material, 2012-16
- Trade Surplus/Deficit
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- Figure 73: UK trade surplus/deficit in thermal insulation materials, by material, 2011-16
Industry Structure
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- Key Points
- Industry Development
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- Figure 74: Analysis of the changes in the other non-metallic mineral products manufacturing industry, 2012-16
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- Figure 75: Analysis of the changes in the glass fibres manufacturing industry, 2012-16
- Structure by Employment
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- Figure 76: Analysis of the employment structure of the other non-metallic mineral products manufacturing industry, 2015 and 2016
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- Figure 77: Analysis of the employment structure of the glass fibres manufacturing industry, 2015 and 2016
- Structure by Turnover
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- Figure 78: Analysis of the financial structure of the other non-metallic mineral products manufacturing industry, 2015 and 2016
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- Figure 79: Analysis of the financial structure of the glass fibres manufacturing industry, 2015 and 2016
Company Profiles
Cape
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- Cape accepts take-over offer from France’s Altrad
- Company Strategy and Outlook:
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- Figure 80: Financial Analysis of Cape, 2012-16
Celotex
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- Company outlook
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- Figure 81: Financial analysis of Celotex, 2011-15
Isover Saint-Gobain
Encon Insulation
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- Company outlook
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- Figure 82: Financial analysis of Encon Insulation, 2012-16
Kingspan Insulation
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- Company performance
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- Figure 83: Financial analysis of Kingspan Insulation, 2011-15
Knauf Insulation
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- Company Strategy
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- Figure 84: Financial analysis of Knauf Insulation, 2011-15
Rockwool
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- Company Strategy
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- Figure 85: Financial analysis of Rockwool, 2011-15
SIG
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- Company Strategy
- Company Performance
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- Figure 86: Financial analysis of SIG, 2012-16
Springvale EPS
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- Figure 87: Financial analysis of Springvale EPS, 2012-16
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Superglass Insulation
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- Superglass is acquired by Inflection, part of Russian TechnoNICOL Group
- Company performance and outlook
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- Figure 88: Financial analysis of Superglass Holdings, 2012-16
Jablite
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- Company performance
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- Figure 89: Financial analysis of Jablite, 2011-15
Demand Structure
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- Key Points
- Building
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- Figure 90: Construction output in Great Britain, by Type, 2012-16
- Heating and Ventilation
- Process Plant
Forecast
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- Key Points
- Market Size
- Construction forecast
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- Figure 91: Forecast construction output in Great Britain, 2017-21
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- Figure 92: Forecast construction output in Great Britain, 2017-21
- Figure 93: Forecast construction output in Great Britain, 2017-21
- Housing construction forecast
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- Figure 94: Forecast private housing output in Great Britain, 201721
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- Figure 95: Forecast public housing output in Great Britain, 2017-21
- Public non-residential construction forecast
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- Figure 96: Forecast public non-residential construction output in Great Britain, 2017-21
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- Figure 97: Forecast of public non-residential construction in Great Britain, by type, 2017-21
- Private industrial construction forecast
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- Figure 98: Forecast private industrial construction output in Great Britain, 2017-21
- Figure 99: Forecast of private industrial new construction work in Great Britain, by sector 2017-21
- Private commercial construction forecast
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- Figure 100: Forecast private commercial construction output in Great Britain, 2017-21
- Figure 101: Forecast of private commercial construction in Great Britain, by sector, 201721
- Thermal insulation market forecast
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- Figure 102: Forecast UK market for thermal insulation, 2017-21
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- Figure 103: Forecast UK market for thermal insulation, 2017-21
- Market Segmentation
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- Figure 104: Forecast segmentation of the UK market for thermal insulation, by sector, 2017-21
- ECO 3 (April 2017- September 18) expected to fewer thermal insulation measures installed due to reduced funding, before more steady demand is anticipated under new ECO 4 scheme
- Reports by Energy and Climate Change Committee and the Green Building Council urge the government for renewed committee on tackling home energy efficiency
- Upcoming ‘Clean Growth Plan’ presents an opportunity for government to address significant gap in policy to tackle emissions from buildings
- New Minimum Energy Efficiency Standards in private rented sector expected to generate demand for key insulation measures
- ...but government may still introduce changes to MEES that could see many landlords win exemptions
- New build sector expected to provide stronger opportunities than retro-fit, but Brexit-induced uncertainty likely to restrict growth
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- Figure 105: Forecast for UK market for building thermal insulation, by type, 2017-21
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- Figure 106: Forecast for UK market for building thermal insulation, by type, 2017-21
- Industry
Further Sources & Contacts
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- Trade Associations
- Trade Magazines
- Trade Exhibitions
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