Building Thermal Insulation Market, By Material Type, By Application, By Geography

Description

Global building thermal insulation market is estimated to be valued at USD 36.68 Bn in 2024 and is expected to reach USD 49.13 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 36.68 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	4.30%	2031 Value Projection:	US$ 49.13 Bn

Figure. Building Thermal Insulation Market Share (%), By Region, 2024

Building Thermal Insulation Market - IMG1

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)
- Fiberglass Insulation
- Foam Board Insulation
- Spray Foam Insulation
- Cellulose Insulation
- Mineral Wool Insulation
By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Residential Buildings
- Commercial Buildings
- Industrial Buildings
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- 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

Product Code: CMI7421

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Material Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Building Thermal Insulation Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Building Thermal Insulation Market - COVID-19
Impact Analysis

5. Global Building Thermal Insulation Market, By Material Type, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Fiberglass Insulation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Foam Board Insulation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Spray Foam Insulation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Cellulose Insulation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Mineral Wool Insulation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Building Thermal Insulation Market, By Application, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Residential Buildings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Commercial Buildings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Industrial Buildings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Building Thermal Insulation Market, By Region, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Regions/Countries
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Owens Corning
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Rockwool International A/S
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Johns Manville (Berkshire Hathaway)
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Knauf Insulation
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Saint-Gobain
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- DuPont
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- 3M Company
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Kingspan Group
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- GAF Materials Corporation
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Celotex
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- CertainTeed
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Armacell International S.A.
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Fletcher Building Limited
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Insulation Corporation of America
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Nitto Denko Corporation
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Thermafiber, Inc.
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Sika AG
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Isolatek International
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates
- Huntsman Corporation
  - Company Overview
  - Material Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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