THERMAL INSULATION MATERIALS MARKET ANALYSIS

Regional Analysis

Geographies covered:

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East &Africa:  South Africa, GCC Countries, Rest of Middle East & Africa

Global Thermal Insulation Materials Market: Regional Analysis

Asia Pacific, with a market value of US$ 14.15 billion in 2022, is the largest and fastest-growing region in the global building thermal insulation market, largely due to the massive infrastructure development projects planned by China, India, and Southeast Asia. Additionally, it is anticipated that India and China will enact stricter regulations on energy use over the next five years, increasing the industry's revenue.

The market in North America is distinguished by significant government support for energy-saving innovations such as thermal insulation for buildings. For instance, the Environmental Protection Agency (EPA) cites rigid foam boards and sleek foils as examples of sleek foils, while fiberglass, rockwool, cellulose, and natural fibers are examples of bulky fiber materials. Convective heat flow is impeded in a building cavity by bulky materials. The company insists on using materials with higher thermal insulation values (R-value) due to sustainable considerations as well. Furthermore, it is anticipated that a high level of public awareness in the area will keep the business thriving.

The market in Europe will be dominated by the use of building thermal insulation materials in retrofitting work, which is being done in many countries to repair aging infrastructures.