Blanket Insulation Market Forecasts to 2030 - Global Analysis by Product Type, Form Factor, Distribution Channel, Application, End User and By Geography

According to Stratistics MRC, the Global Blanket Insulation Market is accounted for $16.01 billion in 2024 and is expected to reach $24.71 billion by 2030, growing at a CAGR of 7.5% during the forecast period. Thermal insulation that is made of flexible, rollable materials like cellulose, mineral wool, fiberglass, or cotton is known as blanket insulation. Its purpose is to cover surfaces like walls, attics, and floors in order to decrease heat transfer and increase energy efficiency in buildings. For improving thermal comfort, soundproofing, and energy conservation, it is a popular option due to its simplicity of installation, affordability, and adaptability in both residential and commercial construction.

According to the U.S. Department of Energy, the global aerogel insulation market, which includes blanket insulation applications, is projected to reach $2 billion by 2023.

Market Dynamics:

Driver:

Growing demand for energy efficiency

The growing demand for energy efficiency is a key driver of the blanket insulation market. As governments and industries prioritize reducing energy consumption, blanket insulation plays a crucial role in conserving energy by minimizing heat loss in buildings and industrial applications. It improves thermal performance, leading to lower heating and cooling costs, which is essential for both residential and commercial sectors. The push for sustainable construction practices and stringent energy regulations further accelerates the adoption of blanket insulation, driving market growth.

Restraint:

High initial costs

While blanket insulation offers long-term savings through energy efficiency, the upfront investment required for installation can be prohibitive, particularly for smaller businesses or residential customers. The costs associated with high-quality materials, skilled labor, and compliance with regulatory standards add to the overall expense. These factors may deter potential buyers from adopting blanket insulation solutions, especially in regions where cost-sensitive consumers dominate the market.

Opportunity:

Advancements in materials science

Innovations in insulation materials, such as the development of more efficient and sustainable options like aerogels and bio-based fibers, are driving market expansion. These new materials offer superior thermal performance, durability, and environmental benefits compared to traditional options. As manufacturers continue to invest in research and development, these advancements will enable the production of high-performance insulation solutions that meet evolving regulatory standards and consumer demands for eco-friendly products.

Threat:

Health and safety concerns

Health and safety concerns pose a threat to the blanket insulation market. Some traditional insulation materials, such as fiberglass or mineral wool, can cause respiratory issues or skin irritation if not handled properly during installation. Additionally, concerns about fire hazards or toxic emissions from certain types of insulation materials may deter consumers from choosing specific products.

Covid-19 Impact:

The Covid-19 pandemic had a mixed impact on the blanket insulation market. While construction activities were temporarily halted due to lockdowns and supply chain disruptions, the demand for energy-efficient solutions surged as people spent more time at home. This led to increased interest in home renovations and retrofitting projects that prioritize energy savings. However, delays in manufacturing and logistics affected product availability during the pandemic period.

The glass wool insulation segment is expected to be the largest during the forecast period

The glass wool insulation segment is projected to account for the largest market share during the projection period due to its widespread use in residential, commercial, and industrial applications. Glass wool offers excellent thermal and acoustic insulation properties while being cost-effective and easy to install. Its versatility makes it suitable for insulating walls, roofs, floors, and HVAC systems. The growing emphasis on energy efficiency in building codes and regulations further strengthens its dominance in the market as developers seek high-performance yet affordable insulation solutions.

The transportation segment is expected to have the highest CAGR during the forecast period

The transportation segment is projected to have the highest CAGR in the blanket insulation market during the extrapolated period due to increasing demand for lightweight and efficient thermal solutions in vehicles. Blanket insulation helps improve fuel efficiency by reducing heat loss in transportation systems such as automobiles, trains, airplanes, and ships. The rising focus on electric vehicles (EVs) also drives demand for effective thermal management systems to optimize battery performance. As transportation industries aim to enhance energy efficiency, this segment will experience rapid growth.

Region with largest share:

The Asia Pacific region is expected to hold the largest share of the market during the forecast period due to rapid urbanization and industrial growth across countries like China and India. The booming construction industry in this region is driving demand for energy-efficient building materials such as blanket insulation. Additionally, government initiatives promoting sustainable infrastructure development are encouraging builders to adopt advanced thermal solutions that reduce energy consumption. The region's expanding transportation sector also contributes significantly to its leadership position in this market.

Region with highest CAGR:

The Asia Pacific region is expected to register the highest growth rate over the forecast period due to rising investments in infrastructure development and increasing awareness about energy conservation measures. Countries like China are implementing stringent regulations aimed at improving building energy efficiency standards, which boosts demand for high-quality insulation materials like blankets. Furthermore, growing industrialization coupled with increasing adoption of electric vehicles (EVs) is propelling demand for advanced thermal management solutions across various sectors.

Key players in the market

Some of the key players in Blanket Insulation Market include Owens Corning, Saint-Gobain, Knauf Insulation, Rockwool International A/S, Johns Manville, Kingspan Group, BASF SE, Huntsman Corporation, Armacell International S.A., Covestro AG, URSA Insulation S.A., Berkshire Hathaway Inc., GAF Materials Corporation, Beijing New Building Material (Group) Co., Ltd., Guardian Glass, Lydall, Inc., and Nichias Corporation.

Key Developments:

In October 2024, Knauf Group and Texnopark have announced a joint agreement for Knauf to acquire Texnopark's Rock Mineral Wool insulation business. The acquisition includes a new plant in Tashkent, Uzbekistan, equipped with advanced electric melting technology which enables low CO2 emissions in production.

In December 2023, SAINT-GOBAIN has reached an agreement with Soprema for the sale of a majority stake in its polyisocyanurate insulation (PIR) activity in the United Kingdom under the Celotex brand. Celotex's assets will be transferred to a new standalone company, which will be 75% owned by Soprema once the transaction is complete. Saint-Gobain will retain a 25% minority stake in this new company for the time needed to ensure a smooth transition.

In March 2021, Owens Corning, the company that invented fiberglass insulation, announced its latest advancement: PINK Next Gen(TM) Fiberglas(TM) insulation. Featuring advanced fiber technology, this superior insulation solution enables up to 23% faster installation compared to our existing products. The advanced fiber technology of PINK Next Gen(TM) Fiberglas(TM) creates a tightly woven network of soft, fine fibers to form a super-resilient blanket of insulating micro-pockets.

Product Types Covered:

• Mineral Wool Insulation
• Glass Wool Insulation
• Natural Fiber Insulation
• Synthetic Fiber Insulation

Form Factors Covered:

• Batts and Rolls
• Flexible Sheets
• Reflective Blankets

Distribution Channels Covered:

• Direct Sales
• Brick and Mortar Stores
• Online Channel
• Distributors

Applications Covered:

• Walls
• Roofs and Attics
• Floors and Ceilings
• Sound Absorption and Noise Reduction
• Fire Protection
• HVAC Systems

End Users Covered:

• Residential Construction
• Commercial Buildings
• Industrial Facilities
• Infrastructure & Transportation

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances