PUBLISHER: Grand View Research | PRODUCT CODE: 1588754
PUBLISHER: Grand View Research | PRODUCT CODE: 1588754
The global blanket insulation market size is anticipated to reach USD 22.19 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.9% from 2025 to 2030. The growth is attributed to the rising utilization of blankets owing to the benefits offered, such as lower cost and high-quality resolution. Moreover, the growing use of blankets in construction applications such as walls, roofs, and attics is expected to boost the demand for insulation in the coming years.
The blanket helps to improve energy efficiency by reducing heat loss from buildings and vehicles. This is a major concern for all governments and businesses as energy cost represents a significant chuck of operating expenses. Thus, there is an increase in demand for insulation from building & construction, and transportation applications across the globe.
There has been increased focus on sustainability as a blanket helps to reduce environmental impact for buildings and vehicles. The need for developing new materials for insulation has increased over the last 5 years, which in turn will increase the blanket demand throughout the forecast period.
The acoustic effectiveness of insulation in large-scale factories aids in the reduction of high-frequency noises produced by machinery on the factory floor. It protects all industrial appliances from fire, avoids moisture condensation on the equipment, and protects the equipment at extreme cold or high temperatures, resulting in lower accidental risks. Energy requirements for cooling and heating equipment can be decreased by regulating the correct thickness of thermal insulation and maintaining appropriate values of infrared emissivity and solar reflectance on building exteriors. Environmental factors such as solar radiation and air temperature will almost certainly impact the energy requirements of the petrochemical and chemical processing sectors, among others. There is a significant demand for insulating systems in order to maintain energy benchmarks and adjust temperature levels.
Major market players are emphasizing the use of sustainable materials for developing insulation materials, such as blankets made up of mineral wool and glass wool. Manufacturers use recycled content for producing blankets. These initiatives are expected to fuel the demand for sustainable insulation solutions, thereby fueling market growth.