| Product Code: ETC8836318 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Philippines saw significant imports of board insulation, with top exporting countries including China, Japan, USA, Indonesia, and Germany. Despite high concentration with a high Herfindahl-Hirschman Index (HHI), the market experienced a strong compound annual growth rate (CAGR) of 17.92% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -20.45%, indicating a potential shift in market dynamics or external factors impacting the industry. Further analysis is recommended to understand the implications of these trends on the board insulation market in the Philippines.

The board insulation market in the Philippines is expanding in response to energy efficiency initiatives and the demand for thermal and acoustic insulation in residential, commercial, and industrial buildings.
The board insulation market is expanding, driven by growing construction activity and the need for energy-efficient buildings. Demand is increasing for insulation materials that offer thermal performance, moisture resistance, and fire safety.
The board insulation market is impacted by fluctuating raw material costs, particularly in the production of foam-based insulation boards. There is also a growing demand for sustainable and eco-friendly insulation materials, requiring companies to invest in research and development to meet these evolving standards.
The board insulation market in the Philippines is expanding, driven by the growing demand for energy-efficient building solutions. Board insulation products are essential for enhancing thermal performance in residential, commercial, and industrial buildings. With the increasing focus on sustainable construction practices, there are opportunities for investors to supply high-quality insulation boards to meet the demand for energy-efficient building materials in the growing real estate sector.
The DPWH and DENR regulate the use of board insulation in buildings to improve energy efficiency and environmental performance. Policies align with the Philippine Green Building Code, which encourages the use of sustainable materials in construction.
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 Philippines Board Insulation Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Board Insulation Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Board Insulation Market - Industry Life Cycle |
3.4 Philippines Board Insulation Market - Porter's Five Forces |
3.5 Philippines Board Insulation Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Board Insulation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in the Philippines |
4.2.2 Growing awareness about energy efficiency and sustainability |
4.2.3 Government initiatives promoting the use of insulation materials in buildings |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Lack of skilled labor for installation of board insulation |
4.3.3 Competition from alternative insulation materials |
5 Philippines Board Insulation Market Trends |
6 Philippines Board Insulation Market, By Types |
6.1 Philippines Board Insulation Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Philippines Board Insulation Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Philippines Board Insulation Market Revenues & Volume, By Building & Construction, 2021- 2031F |
6.1.4 Philippines Board Insulation Market Revenues & Volume, By Transportation, 2021- 2031F |
6.1.5 Philippines Board Insulation Market Revenues & Volume, By Industrial, 2021- 2031F |
6.1.6 Philippines Board Insulation Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Board Insulation Market Import-Export Trade Statistics |
7.1 Philippines Board Insulation Market Export to Major Countries |
7.2 Philippines Board Insulation Market Imports from Major Countries |
8 Philippines Board Insulation Market Key Performance Indicators |
8.1 Energy savings achieved through board insulation installations |
8.2 Number of green building certifications using board insulation |
8.3 Adoption rate of advanced board insulation technologies |
9 Philippines Board Insulation Market - Opportunity Assessment |
9.1 Philippines Board Insulation Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Board Insulation Market - Competitive Landscape |
10.1 Philippines Board Insulation Market Revenue Share, By Companies, 2024 |
10.2 Philippines Board Insulation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here