Building Insulation Materials Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for building insulation materials. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global building insulation materials market from 2024 to 2031.

Key Insights:

Building Insulation Materials Market Size (2024E): US$ 31.3 Bn
Projected Market Value (2031F): US$ 53.4 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 5.5%

Building Insulation Materials Market - Report Scope:

Building insulation materials play a critical role in improving energy efficiency, reducing heat loss, and enhancing indoor comfort in both residential and commercial buildings. These materials are used in various applications, including walls, roofs, floors, and windows, to provide thermal insulation, noise reduction, and fire resistance. The market caters to a diverse range of customers, including construction companies, architects, building material suppliers, and homeowners. The increasing demand for energy-efficient buildings, coupled with government regulations promoting sustainability, is driving the adoption of advanced insulation materials.

Market Growth Drivers:

The global building insulation materials market is propelled by several key factors, including the growing emphasis on energy efficiency and sustainability in building design and construction. As governments around the world introduce stricter building codes and energy efficiency standards, the demand for high-performance insulation materials is expected to rise. Additionally, the rising awareness among consumers about reducing energy consumption and lowering carbon footprints has led to increased demand for eco-friendly insulation solutions.

Technological advancements, such as the development of advanced foam, mineral wool, and natural fiber-based insulation materials, have further enhanced the performance and versatility of these products. The growing construction industry, particularly in emerging economies, coupled with the renovation and retrofitting trends in developed regions, continues to drive market growth.

Market Restraints:

Despite promising growth prospects, the building insulation materials market faces challenges related to raw material costs, product performance variability, and regulatory compliance. The fluctuation in the prices of key raw materials, such as petrochemicals for foam-based insulation, and minerals for fiberglass, may pose challenges for manufacturers, impacting product affordability. Furthermore, certain insulation materials face regulatory hurdles related to environmental impact, fire safety standards, and recyclability, limiting their adoption in some markets.

Additionally, the competition from alternative energy-saving solutions, such as energy-efficient windows, shading devices, and smart HVAC systems, may hinder market growth to some extent. Overcoming these challenges requires innovation in product development, cost-effective production strategies, and adherence to environmental and safety regulations.

Market Opportunities:

The building insulation materials market presents significant growth opportunities driven by evolving building codes, demographic trends, and increasing investments in green construction projects. The rising demand for passive houses, energy-efficient buildings, and retrofitting of existing buildings provides a promising avenue for market players to introduce new insulation products and solutions. Additionally, the integration of insulation materials with smart building technologies, such as thermal management systems and energy-monitoring devices, is expected to offer new growth prospects.

The market also benefits from the growing popularity of sustainable and natural insulation materials, such as cellulose, hemp, and wool, which appeal to environmentally conscious consumers. Strategic partnerships, investment in R&D, and the introduction of cost-effective and energy-efficient insulation materials are essential to capitalize on emerging opportunities in the dynamic building insulation materials landscape.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the building insulation materials market globally?
Which insulation material types and applications are driving adoption across different building sectors?
How are technological advancements reshaping the competitive landscape of the building insulation materials market?
Who are the key players contributing to the building insulation materials market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global building insulation materials market?

Competitive Intelligence and Business Strategy:

Leading players in the global building insulation materials market, including Owens Corning, Saint-Gobain, Rockwool International, and Knauf Insulation, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest heavily in R&D to develop high-performance insulation materials, such as advanced foam boards, fiberglass batts, and eco-friendly cellulose-based products.

Collaboration with construction companies, architects, and regulatory agencies is critical for these players to stay ahead in the market. Furthermore, investment in sustainable production techniques, cost-effective manufacturing processes, and the promotion of energy-efficient building solutions help these companies secure long-term market leadership.

Key Companies Profiled:

Owens Corning
Saint-Gobain
Rockwool International
Knauf Insulation
Johns Manville (a Berkshire Hathaway company)
BASF SE
Kingspan Group
Armacell International S.A.
Mineral Wool Insulation Co.
Isover (Saint-Gobain Group)

Market Segmentation

By Material Type

Foamed Plastics
Fiberglass
Mineral or Stone Wool
Biobased Materials

By Application

Walls Insulation
Underfloor Insulation
Attic/Roof Insulation
Duct Insulation
Miscellaneous

By End Use

Residential
Commercial

By Region

North America
Europe
East Asia
South Asia & Pacific
Latin America
The Middle East and Africa

Product Code: PMRREP31254

1. Executive Summary

1.1. Global Building Insulation Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
- 2.1.1. Types of Insulation and Their Characteristics
- 2.1.2. Key Specifications
- 2.1.3. Insulation Materials and Their Density
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global GDP Overview
- 2.3.2. Region Wise GDP
- 2.3.3. Regional Construction Growth, 2024-2031
- 2.3.4. Construction Output By Country
- 2.3.5. Total Final Energy Consumption In Buildings
- 2.3.6. Other Macro-economic Factors
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact
2.6. Regulatory Landscape
2.7. Value Chain Analysis
- 2.7.1. List of Raw Material Supplier
- 2.7.2. List of Product Manufacturer
- 2.7.3. List of Product Distributors
- 2.7.4. List of End Users
2.8. PESTLE Analysis
2.9. Porter's Five Force Analysis
2.10. Trade Data Analysis

3. Price Trend Analysis, 2024-2031

3.1. Key Highlights
3.2. Key Factors Impacting Material Type Prices
3.3. Pricing Analysis, By Material Type
3.4. Regional Prices and Historical and Future Growth Trends

4. Global Building Insulation Outlook: Historical (2019-2023) and Forecast (2024-2031)

4.1. Key Highlights
4.2. Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast
- 4.2.1. Historical Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis, 2019-2023
- 4.2.2. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, 2024-2031
4.3. Global Building Insulation Outlook: Material Type
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis, By Material Type, 2019-2023
- 4.3.3. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Material Type, 2024-2031
  - 4.3.3.1. Foamed Plastics
    - 4.3.3.1.1. Expanded Polystyrene (EPS)
    - 4.3.3.1.2. Polyurethane and Polyisocyanurate
    - 4.3.3.1.3. Extruded Polystyrene (XPS)
    - 4.3.3.1.4. Other Foamed Plastics
    - 4.3.3.1.2. Fiberglass
    - 4.3.3.2.1. Batts & Blankets
    - 4.3.3.2.2. Loose Fill
    - 4.3.3.2.3. Roof Deck Board
    - 4.3.3.2.4. Pipe & Duct Wrap
    - 4.3.3.1.3. Mineral or Stone Wool
    - 4.3.3.1.3.1. Batts & Blankets
    - 4.3.3.1.3.2. Board
    - 4.3.3.1.3.3. Loose Fill
    - 4.3.3.1.4. Biobased Materials
    - 4.3.3.1.4.1. Wood
    - 4.3.3.1.4.2. Denim
    - 4.3.3.1.4.3. Sheep Wool
    - 4.3.3.1.4.4. Hemp
    - 4.3.3.1.4.5. Straw
    - 4.3.3.1.5. Other Materials
4.4. Market Attractiveness Analysis: Material Type
4.5. Global Building Insulation Outlook: Application
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis, By Application, 2019-2023
- 4.5.3. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Application, 2024-2031
  - 4.5.3.1. Walls Insulation
  - 4.5.3.2. Underfloor Insulation
  - 4.5.3.3. Attic/Roof Insulation
  - 4.5.3.4. Duct Insulation
  - 4.5.3.5. Misc.
4.6. Market Attractiveness Analysis: Application
4.7. Global Building Insulation Outlook: End Use
- 4.7.1. Introduction / Key Findings
- 4.7.2. Historical Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis, By End Use, 2019-2023
- 4.7.3. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By End Use, 2024-2031
  - 4.7.3.1. Residential
  - 4.7.3.2. Commercial
4.8. Market Attractiveness Analysis: End Use

5. Global Building Insulation Outlook: Region

5.1. Key Highlights
5.2. Historical Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis, By Region, 2019-2023
5.3. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Region, 2024-2031
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. East Asia
- 5.3.4. South Asia and Oceania
- 5.3.5. Latin America
- 5.3.6. Middle East & Africa
5.4. Market Attractiveness Analysis: Region

6. North America Building Insulation Outlook: Historical (2019-2023) and Forecast (2024-2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis, By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Material Type
- 6.3.3. By Application
- 6.3.4. By End Use
6.4. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 6.4.1. U.S.
- 6.4.2. Canada
6.5. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Material Type, 2024-2031
6.6. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 6.6.1. Walls Insulation
- 6.6.2. Underfloor Insulation
- 6.6.3. Attic/Roof Insulation
- 6.6.4. Duct Insulation
- 6.6.5. Misc.
6.7. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By End Use, 2024-2031
- 6.7.1. Residential
- 6.7.2. Commercial
6.8. Market Attractiveness Analysis

7. Europe Building Insulation Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Material Type
- 7.3.3. By Application
- 7.3.4. By End Use
7.4. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. U.K.
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
7.5. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Material Type, 2024-2031
7.6. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 7.6.1. Walls Insulation
- 7.6.2. Underfloor Insulation
- 7.6.3. Attic/Roof Insulation
- 7.6.4. Duct Insulation
- 7.6.5. Misc.
7.7. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By End Use, 2024-2031
- 7.7.1. Residential
- 7.7.2. Commercial
7.8. Market Attractiveness Analysis

8. East Asia Building Insulation Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Material Type
- 8.3.3. By Application
- 8.3.4. By End Use
8.4. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
8.5. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Material Type, 2024-2031
8.6. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 8.6.1. Walls Insulation
- 8.6.2. Underfloor Insulation
- 8.6.3. Attic/Roof Insulation
- 8.6.4. Duct Insulation
- 8.6.5. Misc.
8.7. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By End Use, 2024-2031
- 8.7.1. Residential
- 8.7.2. Commercial
8.8. Market Attractiveness Analysis

9. South Asia & Oceania Building Insulation Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Material Type
- 9.3.3. By Application
- 9.3.4. By End Use
9.4. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. India
- 9.4.2. Southeast Asia
- 9.4.3. Australia & New Zealand
- 9.4.4. Rest of SAO
9.5. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Material Type, 2024-2031
9.6. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 9.6.1. Walls Insulation
- 9.6.2. Underfloor Insulation
- 9.6.3. Attic/Roof Insulation
- 9.6.4. Duct Insulation
- 9.6.5. Misc.
9.7. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By End Use, 2024-2031
- 9.7.1. Residential
- 9.7.2. Commercial
9.8. Market Attractiveness Analysis

10. Latin America Building Insulation Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Material Type
- 10.3.3. By Application
- 10.3.4. By End Use
10.4. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of Latin America
10.5. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Material Type, 2024-2031
10.6. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 10.6.1. Walls Insulation
- 10.6.2. Underfloor Insulation
- 10.6.3. Attic/Roof Insulation
- 10.6.4. Duct Insulation
- 10.6.5. Misc.
10.7. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By End Use, 2024-2031
- 10.7.1. Residential
- 10.7.2. Commercial
10.8. Market Attractiveness Analysis

11. Middle East & Africa Building Insulation Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Material Type
- 11.3.3. By Application
- 11.3.4. By End Use
11.4. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. GCC Countries
- 11.4.2. South Africa
- 11.4.3. Northern Africa
- 11.4.4. Rest of Middle East & Africa
11.5. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Material Type, 2024-2031
11.6. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 11.6.1. Walls Insulation
- 11.6.2. Underfloor Insulation
- 11.6.3. Attic/Roof Insulation
- 11.6.4. Duct Insulation
- 11.6.5. Misc.
11.7. Current Market Size in Volume (Kilo Tons) and Value (US$ Bn) Analysis and Forecast, By End Use, 2024-2031
- 11.7.1. Residential
- 11.7.2. Commercial
11.8. Market Attractiveness Analysis

12. Competition Landscape

12.1. Market Share Analysis, 2023
12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Market
- 12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. Dow Inc.
  - 12.3.1.1. Overview
  - 12.3.1.2. Segments and Products
  - 12.3.1.3. Key Financials
  - 12.3.1.4. Market Developments
  - 12.3.1.5. Market Strategy
- 12.3.2. Knauf Insulation
- 12.3.3. Saint-Gobain S.A
- 12.3.4. Armacell
- 12.3.5. Rockwool International A/S
- 12.3.6. Owens Corning Inc.
- 12.3.7. KCC Corporation
- 12.3.8. Covestro AG
- 12.3.9. Kingspan Group Plc.
- 12.3.10. Recticel Group
- 12.3.11. Cabot Corporation
- 12.3.12. Aspen Aerogels Inc.
- 12.3.13. CNBM Group Co. Ltd.
- 12.3.14. Huntsman International LLC

13. Appendix

13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations