What you need to know
Government schemes promoting home energy efficiency measures (predominately through energy company obligation programmes such as ECO) have provided a boost to the building thermal insulation market over the last two decades, especially for cavity wall and loft insulation measures, and in more recent years solid wall insulation. However, frequent changes to government programmes have resulted in a stop-start retro-fit building thermal insulation market, encouraging a number of companies to shift focus from retro-fit to the new build sector.
The ECO scheme will continue to be a key driver of the retro-fit sector, but will not provide a renewed boost to thermal insulation measures as there has been no increase in government funding, while supplier obligation funding is only available to households at risk of fuel poverty. The private housebuilding sector is, however, expected to continue to provide a positive impetus for thermal insulation demand.
New incentives and funding mechanisms, such as green mortgage products, will play a vital role in stimulating growth in the ‘able-to-pay’ homeowner market as homeowners are reluctant to implement insulation-based energy-saving measures without a strong financial incentive.
Covered in this Report
For the purposes of this Report, Mintel has used the following definitions:
The market for thermal insulation incorporates both the building sector and industrial applications.
Building thermal insulation primarily focuses on residential applications and is segmented into the following sectors:
wall insulation, including cavity, internal and external installation
loft insulation
roof insulation
draught proofing
pipe and cylinder lagging
floor insulation.
The industrial thermal insulation sector includes products used in process plant applications and the heating and ventilation sector.
All values quoted in this report are at current prices unless otherwise specified. The majority of the market size data is quoted at contractors’ prices. Where applicable, market values quoted at contractors’ prices also include the value of DIY installations.
Value figures are exclusive of VAT unless stated otherwise.
