| Product Code: ETC5742139 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde`s building thermal insulation import market continued to be dominated by top exporters such as Portugal, China, Italy, Spain, and Turkey. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure. Despite a strong compound annual growth rate (CAGR) of 19.87% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -39.63%. This suggests a potential slowdown in demand or other market factors affecting the import of thermal insulation materials in Cape Verde.

By 2027, Cabo Verde's Building Thermal Insulation market is forecasted to achieve a stable growth rate of 4.61%, with Egypt leading the Africa region, followed by South Africa, Ethiopia, Algeria and Nigeria.

Thermal insulation is crucial for improving energy efficiency in buildings, and Cape Verde`s market for building thermal insulation is expected to expand. As energy costs rise and environmental regulations become stricter, there is a growing focus on insulating buildings to reduce energy consumption. This trend will drive demand for various insulation materials in the Cape Verdean market.
The Cape Verde Building Thermal Insulation Market is influenced by the growing focus on energy efficiency and reducing heating and cooling costs in buildings. Thermal insulation materials help maintain comfortable indoor temperatures and reduce energy consumption. The market is driven by increased construction activities, regulatory standards promoting energy-efficient buildings, and advancements in insulation materials that offer better performance and environmental benefits.
Challenges in the Cape Verde building thermal insulation market include high material costs and limited availability of advanced insulation products. The market faces difficulties in sourcing quality insulation materials locally, leading to increased costs. Additionally, there is a need for greater awareness of the benefits of thermal insulation to drive adoption.
The Building Thermal Insulation Market in Cape Verde is influenced by policies aimed at improving energy efficiency in buildings. The government enforces regulations that require adequate thermal insulation in new construction projects to reduce energy consumption and enhance building performance. There are also incentives for using high-quality insulation materials and technologies. These policies help to support energy conservation efforts and reduce the environmental impact of building operations.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Building Thermal Insulation Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Building Thermal Insulation Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Building Thermal Insulation Market - Industry Life Cycle |
3.4 Cape Verde Building Thermal Insulation Market - Porter's Five Forces |
3.5 Cape Verde Building Thermal Insulation Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Cape Verde Building Thermal Insulation Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde Building Thermal Insulation Market Revenues & Volume Share, By Building Type, 2021 & 2031F |
4 Cape Verde Building Thermal Insulation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government regulations and initiatives promoting energy efficiency in buildings |
4.2.2 Rising awareness among consumers about the benefits of thermal insulation in reducing energy consumption |
4.2.3 Growing construction industry in Cape Verde leading to higher demand for building thermal insulation products |
4.3 Market Restraints |
4.3.1 High initial cost of thermal insulation materials and installation |
4.3.2 Lack of skilled labor for proper installation of thermal insulation in buildings |
4.3.3 Limited availability of locally manufactured building thermal insulation products |
5 Cape Verde Building Thermal Insulation Market Trends |
6 Cape Verde Building Thermal Insulation Market Segmentations |
6.1 Cape Verde Building Thermal Insulation Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Building Thermal Insulation Market Revenues & Volume, By Glasswool, 2021-2031F |
6.1.3 Cape Verde Building Thermal Insulation Market Revenues & Volume, By Stonewool, 2021-2031F |
6.1.4 Cape Verde Building Thermal Insulation Market Revenues & Volume, By Plastic Foam, 2021-2031F |
6.2 Cape Verde Building Thermal Insulation Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Building Thermal Insulation Market Revenues & Volume, By Roof Insulation, 2021-2031F |
6.2.3 Cape Verde Building Thermal Insulation Market Revenues & Volume, By Floor Insulation, 2021-2031F |
6.2.4 Cape Verde Building Thermal Insulation Market Revenues & Volume, By Wall Insulation, 2021-2031F |
6.3 Cape Verde Building Thermal Insulation Market, By Building Type |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Building Thermal Insulation Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Cape Verde Building Thermal Insulation Market Revenues & Volume, By Non-Residential, 2021-2031F |
7 Cape Verde Building Thermal Insulation Market Import-Export Trade Statistics |
7.1 Cape Verde Building Thermal Insulation Market Export to Major Countries |
7.2 Cape Verde Building Thermal Insulation Market Imports from Major Countries |
8 Cape Verde Building Thermal Insulation Market Key Performance Indicators |
8.1 Energy savings achieved by buildings with thermal insulation |
8.2 Number of new construction projects incorporating thermal insulation |
8.3 Adoption rate of energy-efficient building codes and standards in Cape Verde |
9 Cape Verde Building Thermal Insulation Market - Opportunity Assessment |
9.1 Cape Verde Building Thermal Insulation Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Cape Verde Building Thermal Insulation Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde Building Thermal Insulation Market Opportunity Assessment, By Building Type, 2021 & 2031F |
10 Cape Verde Building Thermal Insulation Market - Competitive Landscape |
10.1 Cape Verde Building Thermal Insulation Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Building Thermal Insulation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |