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
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.
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