Global building thermal insulation market is estimated to be valued at USD 36.68 Billion in 2024 and exhibit a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031. Building thermal insulation refers to materials used in construction for limiting heat transfer between the interior and exterior of buildings. It helps to reduce heating/cooling costs and provide greater comfort. Factors such as rising energy costs, stringent energy efficiency regulations, and construction of green buildings are driving the demand for thermal insulation globally. The growing commercial construction sector across developing nations also supports market growth. However, fluctuating raw material prices remain a key challenge for manufacturers.
Market Dynamics:
The global building thermal insulation market growth is driven by several factors such as increasing need for energy conservation due to rising energy costs, stringent government regulations regarding energy consumption, and focus on sustainable construction. Rapid urbanization and growth in residential & commercial construction activities globally have also fueled market expansion. However, volatility in prices of raw materials used for insulation production act as a major restraining factor. On the other hand, emerging opportunities include rising demand for thermal insulation from developing countries, innovation of bio-based and eco-friendly insulating materials, and growth of green building projects.
Key features of the study:
- This report provides in-depth analysis of the global building thermal insulation market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global building thermal insulation market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Owens Corning, Rockwool International A/S, Johns Manville (Berkshire Hathaway), Knauf Insulation, Saint-Gobain, BASF SE, DuPont, 3M Company, Kingspan Group, GAF Materials Corporation, Celotex, CertainTeed, Armacell International S.A., Fletcher Building Limited, Insulation Corporation of America, Nitto Denko Corporation, Thermafiber, Inc., Sika AG, Isolatek International, and Huntsman Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global building thermal insulation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global building thermal insulation market.
Detailed Segmentation-
- By Material Type Insights (Revenue, USD Bn, 2019 - 2031)
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- Fiberglass Insulation
- Foam Board Insulation
- Spray Foam Insulation
- Cellulose Insulation
- Mineral Wool Insulation
- By Application Insights (Revenue, USD Bn, 2019 - 2031)
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- Residential Buildings
- Commercial Buildings
- Industrial Buildings
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
-
- Owens Corning
- Rockwool International A/S
- Johns Manville (Berkshire Hathaway)
- Knauf Insulation
- Saint-Gobain
- BASF SE
- DuPont
- 3M Company
- Kingspan Group
- GAF Materials Corporation
- Celotex
- CertainTeed
- Armacell International S.A.
- Fletcher Building Limited
- Insulation Corporation of America
- Nitto Denko Corporation
- Thermafiber, Inc.
- Sika AG
- Isolatek International
- Huntsman Corporation
