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PUBLISHER: Grand View Research | PRODUCT CODE: 1530444
PUBLISHER: Grand View Research | PRODUCT CODE: 1530444
North America Building Thermal Insulation Market Size, Share & Trends Analysis Report By Product (Glass Wool, Mineral Wool, EPS), By Application, By End-use, By Region, And By Segment Forecasts, 2024 - 2030
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North America Building Thermal Insulation Market Growth & Trends:
The global North America building thermal insulation market size is expected to reach USD 11.72 billion by 2030, registering a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to growth in construction activities in North America.
Building thermal insulation systems are expected to gain wide acceptance owing to its several benefits such as lightweight materials, improved external appearance, and acoustic performance of the buildings. Site-built homes qualify for the credit if they are certified to reduce energy consumption during heating and cooling by 50%, relative to the International Energy Conservation Code (IECC), 2006, and meet minimum efficiency standards set by the Department of Energy.
Increasing demand for energy-efficient buildings, owing to the stringent government regulations and rising awareness regarding environmental degradation, is anticipated to fuel the demand for thermal insulation for residential, non-residential, commercial, and industrial buildings. Favorable government policies coupled with increasing awareness among consumers are expected to remain the key driving factor for the growth of the building thermal insulation market in North America.
The government initiatives are inclusive of labor training and monetary aid are likely to propel the industry growth. Moreover, favorable building codes in the U.S. and Canada coupled with the establishment of energy certification agencies such as LEED and the U.S. Green Building Council are expected to have a positive influence on market growth.
Increasing investments in energy-efficient systems is projected to benefit the building thermal insulation system in North America over the forecast period. In addition, a rise in disposable income among consumers across the globe is projected to propel the expansion of the construction industry, thereby driving the building thermal insulation market.
The growing awareness related to energy conservation is projected to have a significant impact on the demand for energy-efficient buildings and is likely to benefit the industry growth in the forecast period. A rise in spending capacities among the people is projected to benefit the growth of the construction industry, thereby benefiting the building thermal insulation market.
The North America thermal insulation market is characterized by the presence of a large number of raw material suppliers that promotes price negotiation and quantity among the buyers. Additionally, the manufacturers and installers are dependent on the buyers due to the increase in infrastructural spending coupled with stringent government regulations with respect to energy efficiency. Moreover, the presence of multiple well-established and small-scale manufacturers is projected to allow buyers to bargain over the prices.
The presence of a large number of manufacturers in North America on the account of growing demand for building thermal insulation across the globe is estimated to intensify the market competition. Moreover, the expansion of the construction industry coupled with the implementation of energy-efficient codes is projected to further result in high competition.
North America Building Thermal Insulation Market Report Highlights:
- The U.S. accounted for the largest revenue share of 80.0% in 2023. The increased demand for energy-efficient construction solutions is driving the growth of thermal insulation products in the region
- On the basis of end-use, the residential segment held the largest revenue share in 2023. The segment is also estimated to grow at the fastest CAGR of 4.8% over the coming years. The growth in the number of single-family houses in developing economies and the rising disposable income of consumers are among the various factors projected to drive the residential construction activities
- On the basis of application, the wall segment accounted for the largest revenue share in 2023 and is anticipated to be the fastest-growing segment over the forecast period, with a CAGR of 4.9%. This is attributed to the rise in investments in public infrastructure
- Based on products, the glass wool accounted for the largest revenue share of 51.1% in 2023 and is expected to expand at a CAGR of 3.3%. This is because it helps to reduce energy consumption and fluctuation in temperature. Glass wool thermal insulation also provides extremely high-temperature tolerances, as the product itself is flame-resistant. In addition, it is cost-effective, versatile, and easily customizable thereby accounting for a notable demand in building insulation.
- The players in the North America building thermal insulation market focus on increasing their market share through organic growth, rather than mergers and acquisitions. Companies in the market are focusing on expanding their product portfolio by developing cost-effective insulation products with enhanced properties.
Product Code: GVR-1-68038-232-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. North America Building Thermal Insulation Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. North America Building Thermal Insulation Market - Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Manufacturing Trends
- 3.2.3. Distribution Channel Analysis
- 3.3. North America Building Thermal Insulation Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Growth of Construction Industry in the U.S.
- 3.3.1.2. Favorable Government Regulations
- 3.3.2. Market Restraint Analysis
- 3.3.2.1. Growing Environmental Issues
- 3.3.3. Market Opportunity Analysis
- 3.3.4. Market Challenge Analysis
- 3.3.1. Market Driver Analysis
- 3.4. Regulatory Framework
- 3.5. North America Building Thermal Insulation Market - Business Environment Analysis
- 3.5.1. PESTLE Analysis By SWOT
- 3.5.2. Porter's Five Forces Analysis
- 3.5.2.1. Competitive Rivalry: High
- 3.5.2.2. Bargaining Power of Buyers: Moderate to High
- 3.5.2.3. Bargaining Power of Suppliers: Moderate
- 3.5.2.4. Threat of Substitutes: Low
- 3.5.2.5. Threat of New Entrants: Low
- 3.6. Market Disruption Analysis
Chapter 4. North America Building Thermal Insulation Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2023 & 2030
- 4.3. North America Building Thermal Insulation Market By Product, 2018 - 2030 (USD Million)
- 4.4. Glass Wool
- 4.4.1. North America Building Thermal Insulation Market Estimates And Forecasts, By Glass Wool, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Mineral Wool
- 4.5.1. North America Building Thermal Insulation Market Estimates And Forecasts, By Mineral Wool, 2018 - 2030 (Kilotons) (USD Million)
- 4.6. Eps
- 4.6.1. North America Building Thermal Insulation Market Estimates And Forecasts, By Eps, 2018 - 2030 (Kilotons) (USD Million)
- 4.7. Xps
- 4.7.1. North America Building Thermal Insulation Market Estimates And Forecasts, By Xps, 2018 - 2030 (Kilotons) (USD Million)
- 4.8. Cellulose
- 4.8.1. North America Building Thermal Insulation Market Estimates And Forecasts, By Cellulose, 2018 - 2030 (Kilotons) (USD Million)
- 4.9. Pu Foam
- 4.9.1. North America Building Thermal Insulation Market Estimates And Forecasts, By Pu Foam, 2018 - 2030 (Kilotons) (USD Million)
- 4.10. Pir Foam
- 4.10.1. North America Building Thermal Insulation Market Estimates And Forecasts, By Pir Foam, 2018 - 2030 (Kilotons) (USD Million)
- 4.11. Other Products
- 4.11.1. North America Building Thermal Insulation Market Estimates And Forecasts, By Other Products, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. North America Building Thermal Insulation Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2023 & 2030
- 5.3. North America Building Thermal Insulation Market By Application, 2018 - 2030 (USD Million)
- 5.4. Roof
- 5.4.1. North America Building Thermal Insulation Market Estimates And Forecasts, In Roof, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Wall
- 5.5.1. North America Building Thermal Insulation Market Estimates And Forecasts, In Wall, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Floor
- 5.6.1. North America Building Thermal Insulation Market Estimates And Forecasts, In Floor, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. North America Building Thermal Insulation Market: End Use Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. End Use Movement Analysis & Market Share, 2023 & 2030
- 6.3. North America Building Thermal Insulation Market By End Use, 2018 - 2030 (USD Million)
- 6.4. North America Building Thermal Insulation Market: End Use Movement Analysis, 2023 & 2030
- 6.5. Residential
- 6.5.1. North America Building Thermal Insulation Market Estimates And Forecasts, In Residential, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Commercial
- 6.6.1. North America Building Thermal Insulation Market Estimates And Forecasts, In Commercial, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. North America Building Thermal Insulation Market: Regional Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Regional Market Share Analysis, 2023 & 2030
- 7.3. Market Estimates & Forecasts by Region, 2018 - 2030 (USD Million)
- 7.4. North America
- 7.4.1. North America Building Thermal Insulation Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2. North America Building Thermal Insulation Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3. North America Building Thermal Insulation Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4. North America Building Thermal Insulation Market Estimates & Forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5. U.S.
- 7.4.5.1. U.S. Building Thermal Insulation Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.2. U.S. building thermal insulation market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.3. U.S. building thermal insulation market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.4. U.S. building thermal insulation market estimates & forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6. CANADA
- 7.4.6.1. Canada Building Thermal Insulation Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.2. Canada building thermal insulation market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.3. Canada building thermal insulation market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.4. Canada building thermal insulation market estimates & forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7. MEXICO
- 7.4.7.1. Mexico Building Thermal Insulation Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.2. Mexico building thermal insulation market estimates & forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.3. Mexico building thermal insulation market estimates & forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.4. Mexico building thermal insulation market estimates & forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Supplier Intelligence
- 8.1. Kraljic Matrix
- 8.2. Engagement Model
- 8.3. Negotiation Strategies
- 8.4. Sourcing Best Practices
- 8.5. Vendor Selection Criteria
- 8.6. List of Raw Material Suppliers
- 8.7. List of End Users
Chapter 9. Competitive Analysis
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Heat Map Analysis
Chapter 10. Company Profiles
- 10.1. Anco Products, Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Strategic Initiatives
- 10.2. Atlas Roofing Corporation
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Strategic Initiatives
- 10.3. Cellofoam North America, Inc.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Strategic Initiatives
- 10.4. CertainTeed Corporation
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Strategic Initiatives
- 10.5. GAF Material Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Strategic Initiatives
- 10.6. Huntsman International LLC
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Strategic Initiatives
- 10.7. Johns Manville Corporation
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Strategic Initiatives
- 10.8. Knauf Insulation
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Strategic Initiatives
- 10.9. Owens Corning
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Strategic Initiatives
- 10.10. Rockwool Insulation A/S
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Strategic Initiatives
- 10.11. Dow Inc.
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Strategic Initiatives
- 10.12. DuPont
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Strategic Initiatives
- 10.13. Kingspan Group
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Strategic Initiatives
Product Code: GVR-1-68038-232-7
List of Tables
- Table 1 North America building thermal insulation market estimates and forecasts, by glass wool, 2018 - 2030 (Kilotons) (USD Million)
- Table 2 North America building thermal insulation market estimates and forecasts, by mineral wool, 2018 - 2030 (Kilotons) (USD Million)
- Table 3 North America building thermal insulation market estimates and forecasts, by EPS, 2018 - 2030 (Kilotons) (USD Million)
- Table 4 North America building thermal insulation market estimates and forecasts, by XPS, 2018 - 2030 (Kilotons) (USD Million)
- Table 5 North America building thermal insulation market estimates and forecasts, by cellulose, 2018 - 2030 (Kilotons) (USD Million)
- Table 6 North America building thermal insulation market estimates and forecasts, by PU foam, 2018 - 2030 (Kilotons) (USD Million)
- Table 7 North America building thermal insulation market estimates and forecasts, by PIR foam, 2018 - 2030 (Kilotons) (USD Million)
- Table 8 North America building thermal insulation market estimates and forecasts, by other products, 2018 - 2030 (Kilotons) (USD Million)
- Table 9 North America building thermal insulation market estimates and forecasts, in roof, 2018 - 2030 (Kilotons) (USD Million)
- Table 10 North America building thermal insulation market estimates and forecasts, in wall, 2018 - 2030 (Kilotons) (USD Million)
- Table 11 North America building thermal insulation market estimates and forecasts, in floor, 2018 - 2030 (Kilotons) (USD Million)
- Table 12 North America building thermal insulation market estimates and forecasts, in residential, 2018 - 2030 (Kilotons) (USD Million)
- Table 13 North America building thermal insulation market estimates and forecasts, in commercial, 2018 - 2030 (Kilotons) (USD Million)
- Table 14 North America building thermal insulation market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 15 North America building thermal insulation market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 16 North America building thermal insulation market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 17 North America building thermal insulation market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 18 North America building thermal insulation market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 19 North America building thermal insulation market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 20 North America building thermal insulation market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 21 U.S. building thermal insulation market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 22 U.S. building thermal insulation market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 23 U.S. building thermal insulation market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 24 U.S. building thermal insulation market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 25 U.S. building thermal insulation market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 26 U.S. building thermal insulation market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 27 U.S. building thermal insulation market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 28 Canada building thermal insulation market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 29 Canada building thermal insulation market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 30 Canada building thermal insulation market revenue, by product, 2018 - 2030 (USD Million)
- Table 31 Canada building thermal insulation market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 32 Canada building thermal insulation market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 33 Canada building thermal insulation market estimates & forecasts, by end use, 2018 - 2030 (Kilotons)
- Table 34 Canada building thermal insulation market estimates & forecasts, by end use, 2018 - 2030 (USD Million)
- Table 35 Mexico building thermal insulation market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 36 Mexico building thermal insulation market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 37 Mexico building thermal insulation market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 38 Mexico building thermal insulation market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 39 Mexico building thermal insulation market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 40 Mexico building thermal insulation market volume, by end use, 2018 - 2030 (Kilotons)
- Table 41 Mexico building thermal insulation market revenue, by end use, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 North America building thermal insulation market - Market segmentation & scope
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research process
- Fig. 5 Primary research approaches
- Fig. 6 North America building thermal insulation market - Penetration and growth prospect mapping
- Fig. 7 North America building thermal insulation market - Value chain analysis
- Fig. 8 North America building thermal insulation market - Market dynamics
- Fig. 9 Market driver impact analysis
- Fig. 10 Market restraint impact analysis
- Fig. 11 Product Market Share Analysis, 2023 & 2030
- Fig. 12 Application Market Share Analysis, 2023 & 2030
- Fig. 13 End Use Market Share Analysis, 2023 & 2030
- Fig. 14 Regional Market Share Analysis, 2023 & 2030
- Fig. 15 Key company categorization
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