PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1664881
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1664881
Cork Insulation Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Cork Insulation Market was valued at USD 665.1 million in 2023 and is expected to grow at a CAGR of 3.88% from 2024 to 2032. As part of the broader sustainable construction and green building materials sector, the cork insulation market is being driven by growing awareness of energy efficiency, eco-friendly construction practices, and environmental sustainability. Cork insulation is increasingly recognized as a natural, renewable, and recyclable material, providing superior thermal and acoustic performance for a variety of applications.
The cork insulation market is primarily segmented by product type into expanded cork insulation boards, spray cork coating, cork granules, and other products, including cork-based mats. Expanded cork insulation boards dominated the market in 2023, generating USD 303.6 million in revenue, and are projected to grow at a CAGR of 3.48% through 2032. These boards are highly preferred due to their versatility, exceptional insulating properties, and alignment with green building standards. Made from 100% natural cork granules that are thermally expanded, expanded cork boards provide excellent insulation while supporting sustainability. Their superior thermal resistance and noise reduction capabilities make them an ideal choice for eco-conscious construction projects.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $665.1 Million |
| Forecast Value | $922 Million |
| CAGR | 3.88% |
The market is also segmented by construction type, with categories for new construction and renovation/retrofit projects. The new construction segment held nearly 66% of the total market share in 2023 and is expected to grow to USD 646.6 million by 2032. This dominance is attributed to the increasing adoption of energy-efficient building designs and sustainable materials. Architects and developers are incorporating eco-friendly solutions, including cork insulation, into new building designs to comply with modern energy regulations and obtain green building certifications. The growing emphasis on sustainable development continues to drive the demand for innovative insulation materials in new construction projects.
In the U.S., the cork insulation market was valued at USD 119.1 million in 2023 and is forecasted to grow at a robust CAGR of 4.68% from 2024 to 2032. The U.S. market benefits from a strong construction industry, a heightened focus on energy efficiency, and a rising preference for sustainable materials. Federal and state policies aimed at promoting energy-efficient construction, along with initiatives to reduce carbon emissions, are driving the demand for high-performance insulation solutions.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Key news & initiatives
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Growing global emphasis on environmental sustainability
- 3.6.1.2 Superior insulation properties and energy efficiency
- 3.6.1.3 Growth in green building initiatives
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High initial costs and limited awareness
- 3.6.2.2 Supply chain constraints and regional limitations
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter’s analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2032 (USD Million) (Thousand Square Feet)
- 5.1 Key trends
- 5.2 Expanded cork insulation boards
- 5.3 Spray cork coating
- 5.4 Cork granules
- 5.5 Others (Cork based insulation mats, etc.)
Chapter 6 Market Estimates & Forecast, By Insulation Type, 2021-2032 (USD Million) (Thousand Square Feet)
- 6.1 Key trends
- 6.2 Thermal
- 6.2.1 Wall insulation
- 6.2.2 Roof insulation
- 6.3 Acoustic
- 6.3.1 Soundproofing panels
- 6.3.2 Vibration dampening
- 6.4 Fireproof insulation
- 6.5 Others (Moisture, etc.)
Chapter 7 Market Estimates & Forecast, By Usage, 2021-2032 (USD Million) (Thousand Square Feet)
- 7.1 Key trends
- 7.2 Interior
- 7.3 Exterior
- 7.4 Cavity wall
- 7.5 Others (Underfloor, etc.)
Chapter 8 Market Estimates & Forecast, By Construction Type, 2021-2032 (USD Million) (Thousand Square Feet)
- 8.1 Key trends
- 8.2 New construction
- 8.3 Renovation/Retrofit
Chapter 9 Market Estimates & Forecast, By End Use, 2021-2032 (USD Million) (Thousand Square Feet)
- 9.1 Key trends
- 9.2 Residential
- 9.2.1 Home
- 9.2.2 Apartments
- 9.3 Commercial
- 9.3.1 Offices
- 9.3.2 Retail space
- 9.4 Industrial
- 9.4.1 Warehouses
- 9.4.2 Manufacturing facilities
Chapter 10 Market Estimates & Forecast, By Sales Channel, 2021-2032 (USD Million) (Thousand Square Feet)
- 10.1 Key trends
- 10.2 Direct sales
- 10.3 Indirect sales
Chapter 11 Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Thousand Square Feet)
- 11.1 Key trends
- 11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Russia
- 11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 Australia
- 11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.6 MEA
- 11.6.1 UAE
- 11.6.2 Saudi Arabia
- 11.6.3 South Africa
Chapter 12 Company Profiles
- 12.1 Amorim Cork Insulation
- 12.2 Charles Cantrill Ltd
- 12.3 CorkSol UK
- 12.4 Divine Cork
- 12.5 Isocor
- 12.6 Jelinek Cork Group
- 12.7 MAPEI
- 12.8 MaryLand Cork Company, Inc.
- 12.9 ThermaCork
- 12.10 Ty-Mawr Lime Ltd
- 12.11 VIPEQ HISPANIA
- 12.12 WE Cork Inc.
