Price Increase for Rigid Board Insulation in 2024

Due to the rising expenses of daily living, economic uncertainties, and disruptions in supply networks. There has been a considerable increase in the cost of Rigid Board Insulation, with prices soaring by 20%. This presents difficulties for both homeowners and builders as they navigate building regulations and strive to maintain energy efficiency and affordability in their properties. In this article, we will explore the factors behind the price increase for Rigid Board Insulation in 2024 and look at potential alternative materials.

The role of insulation is crucial in improving energy efficiency and increasing the overall comfort of a property. Its main objective is to reflect heat, thereby decreasing the reliance on heating and cooling systems. Proper insulation of a building can result in reduced usage of air conditioning and central heating, resulting in significant savings on energy costs and promoting a more eco-friendly lifestyle.

Factors Behind the Price Hike of Rigid Board Insulation

Building Regulation Changes

With the recent implementation of stricter building regulations and energy efficiency standards, there has been a rise in demand for insulation. This is necessary to meet the required U-value for building regulations, ultimately leading to higher prices due to the increased demand.

Disruptions to Supply Chains

The occurrence of supply chain disruptions has been on the rise due to the COVID-19 pandemic and geopolitical tensions, resulting in significant disruptions in global supply chains. As a consequence, there is a shortage of raw materials and delays in their production and distribution. Which are essential for manufacturing purposes.

Rising Energy Costs

The surge in prices for resources such as natural gas and electricity has resulted in insulation manufacturers facing the challenge of passing the higher prices to their distributors. Consequently, this leads to the distributors transferring the added expenses to their customers.

Increased Demand

The significance of energy efficiency and sustainability has risen among homeowners, placing it as a top priority. This has led to a surge in the demand for insulation, exceeding the industry’s capacity to meet it.

Rigid Board Insulation

The following popular brands of Rigid Board Insulation are expected to experience a price rise of up to 20% in 2024: Celotex, Rockwool, Kingspan, Unilin, Sheepwool, Knauf, TLX, and several others.

There has been a rise in the use of Rigid Board Insulation due to its thermal performance and compliance with building regulations to attain the desired U-value. This versatile material can be easily trimmed and applied in various scenarios, making it a favored option for both new builds ad retrofit projects.

What’s the Best Substitute for Rigid Board Insulation?

The use of Multifoil Insulation is a widely suggested alternative to Rigid Board Insulation for several reasons. One of its hey benefits is its lightweight, making it easy to manage and install. It also has the advantage of being able to fit into sight spaces, such as koft hatches, without the need for pre-cutting. In addition, the material canbe easily shaped and trimmed to fit perfectly into small spaces, ensuring maximum coverage and efficiency.

The thermal performance of Multifoil Insulation surpasses that of Rigid Board Insulation. This is attributed to its layers of foil and wadding. Which effectively trap heat during the winter and maintain a cool temperature during summer. This makes it an ideal choice for homes in areas that experience a range of temperatures like the UK.

Multifoil Insulation provides a variety of advantages, including its versatility. This particular type of insulation is appropraite for a wide range of applications such as roofs, walls, floors, conservatories, garages, sheds, and many more.

Here at Multifoil Insulation we offer a wide variety of insulation including YBS SuperQuilt, EcoQuilt Expert, AirTec Double, EcoQuilt45, and YBS BreatherQuilt and even more! All of these options are produced in a UK-based fcatory that is only a 30-minute drive from our distribution centre. As a result, we experience fewer price increases compared to insulation that is imported from other countries.

Summary

The rising cost of Rigid Board Insulation is proving to be a significant challenge for both homeowners and builders. However, there us a viable solution in the form of Multifoil Insulation, which boats easy installation and affordability. To avoid a 20% increase in price, it may be wise to opt for Multifoil Insulation Instead.