Global Building Thermal Insulation Market size was valued at USD 33.01 Bn in 2024 and is expected to reach USD 50.09 Bn by 2032, at a CAGR of 5.35 %Building Thermal Insulation Market Overview:
Building Thermal Insulation Market is expected to reach US$ 42.84 Bn. Thermal insulation often refers to the use of suitable insulation materials and design modifications for buildings to prevent heat gain and loss by slowing the transmission of heat through the enclosure. The temperature difference between indoors and outdoors is what causes heat to transfer. This report focuses on the different segments of the Building Thermal Insulation market (Product, Application, Building Type, and Region). In this report, the top industry participants and regions are in-depthly investigated (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It is an in-depth analysis of the several sectors' fast advancements in the modern era. The primary data analysis from 2019 to 2024 is highlighted through numbers, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Building Thermal Insulation are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Building Thermal Insulation market.To know about the Research Methodology :- Request Free Sample Report
Building Thermal Insulation Market Dynamics:
The Building Thermal Insulation Market growth is expected to be driven by growing household and commercial application of the product to lower total energy costs and rising awareness of energy saving. Favorable laws because they place a strong emphasis on reducing overall energy use are probably a key factor driving the market. Thermal insulation contributes to a decrease in the need for heating, ventilation, and air conditioning (HVAC), which in turn lowers overall energy consumption and is anticipated to help the economy thrive. North America largest share is expected to come from the United States. The Weatherization Assistance Program (WAP), which focuses on widespread product adoption in low-income homes, is only one of the programmes that are expected to play a significant role in driving growth. The adoption of energy certification organisations like the U.S. Green Building Council (USGBC) and Leadership in Energy and Environmental Design (LEED) in addition to favourable building codes in the U.S. and Canada are expected to have a positive effect on the demand for building thermal insulation. But because foamed plastics have a limited biodegradability and are carcinogenic, the United States Environmental Protection Agency (EPA) has set strict rules on their use that is expected to hinder market growth. During the forecast period, the market focus is expected to turn to the creation of environmentally friendly goods due to the influence insulation materials have on the environment. In addition, it is expected that rising plastic foam prices hinder the market growth, driving the creation of substitute goods. The strict restrictions governing traditional goods like plastic foams are making recyclable insulation more and more attractive. Due to rising environmental consciousness, consumers, businesses, and architects are likely to show an increased preference for green, biodegradable, and recyclable products over the forecast period.Building Thermal Insulation Market Segment Analysis:
The Building Thermal Insulation Market is segmented by Product, Application, and Building Type. Based on the Product, the market is segmented into Glass Wool, Mineral Wool, EPS, XPS, and Others. EPS (Expanded Polystyrene) segment is expected to hold the largest market share of xx% by 2032. This is due to its long lifespan and outstanding thermal insulation capabilities. Additionally, rising consumer demand for the product as a result of its non-toxic, rot-proof, and recyclable qualities is expected to boost growth. Because of its resistance to water, ability to offer energy savings, and capacity to lessen damages caused by moisture. Additionally, it is expected that growth will be aided by its capacity to prevent microbial or fungal growth in the insulated region. Mineral Wool segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2025-2032. This is due to the product's exceptional qualities, which include dimensional stability, fire safety, an effective heat barrier, and compatibility with the environment. During the forecast period, rising demand for mineral wool in thermal barrier applications is expected to boost its growth. Based on the Application, the market is segmented into Roof Insulation, Wall Insulation, and Floor Insulation. Roof Insulation segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2025-2032. Because there is a growing need to prevent heat from the sun's rays from entering through the roof. Additionally, during the forecast period, an increase in single-family homes is expected to drive market growth. Wall Insulation segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2025-2032. This is because more people are using the product on both interior and exterior walls. Additionally, it is expected that increased product penetration for cavity wall insulation will support market growth.Building Thermal Insulation Market Regional Insights:
Europe region is expected to dominate the Building Thermal Insulation Market during the forecast period 2025-2032. Europe region is expected to hold the largest market share of xx% by 2032. The European Commission and the Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) initiative to encourage thermal insulation as an energy-saving measure is expected to boost regional market growth. North America region is expected to grow rapidly at a CAGR of xx% during the forecast period 2025-2032. The North American market growth is expected to be driven by the booming residential and commercial construction industries in North America as well as the strong green building regulations that have been implemented to lower the energy consumption per structure. Additionally, favourable government rules for the use of the product in both residential and commercial structures are expected to drive growth during the forecast period. Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2025-2032. This is due to the increased building work being done in the region to meet the needs of an increasing population. Due to numerous government measures to develop its public infrastructure, China is expected to account for the largest share in the Asia Pacific region. The objective of the report is to present a comprehensive analysis of the Global Building Thermal Insulation Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Market dynamic and structure by analyzing the market segments and projecting the Global Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Building Thermal Insulation Market make the report investor’s guide.Building Thermal Insulation Market Scope: Inquire before buying
Global Building Thermal Insulation Market Report Coverage Details Base Year: 2024 Forecast Period: 2025-2032 Historical Data: 2019 to 2024 Market Size in 2024: USD 33.01 Billion. Forecast Period 2025 to 2032 CAGR: 5.35% Market Size in 2032: USD 50.09 Billion. Segments Covered: by Material Glass Wool Mineral Wool EPS XPS Cellulose PIR PUR Others by Application Roof Insulation Wall Insulation Floor Insulation by End-Use Residential Commercial Building Thermal Insulation Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and the Rest of APAC) South America (Brazil, Argentina Rest of South America) Middle East & Africa (South Africa, GCC, Egypt, Nigeria and the Rest of ME&A)Building Thermal Insulation Market Key Players are
1. Johns Manville Corporation (US) 2. Saint-Gobain S.A. (France) 3. BASF SE (Germany) 4. Kingspan Group plc (Ireland) 5. Knauf Insulation, Inc. (US) 6. Owens Corning (US) 7. Huntsman Corporation (US) 8. Rockwool International A/S (Denmark) 9. Firestone Building Products Company (US) 10. Cabot Corporation (US) 11. Dow Corning Corporation (US) 12. Covestro AG (Germany) 13. URSA Insulation, S.A. (Spain) 14. Paroc Group Oy (Finland) 15. Atlas Roofing Corporation (US)) Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Building Thermal Insulation Market? Ans. Europe region is expected to hold the highest share in the Building Thermal Insulation Market. 2] Who are the top key players in the Building Thermal Insulation Market? Ans. Johns Manville Corporation (US), Saint-Gobain S.A. (France), BASF SE (Germany), Kingspan Group plc (Ireland), Knauf Insulation, Inc. (US), Owens Corning (US), and Huntsman Corporation (US) are the top key players in the Building Thermal Insulation Market. 3] Which segment is expected to hold the largest market share in the Building Thermal Insulation Market by 2032? Ans. EPS (Expanded Polystyrene) segment is expected to hold the largest market share in the Building Thermal Insulation Market by 2032. 4] What is the market size of the Building Thermal Insulation Market by 2032? Ans. The market size of the Building Thermal Insulation Market is expected to reach USD 50.09 Bn. by 2032. 5] What was the Building Thermal Insulation Market size in 2024? Ans: The Building Thermal Insulation Market size was USD 33.01 Billion in 2024.
1. Building Thermal Insulation Market: Executive Summary 1.1. Executive Summary 1.2. Market Size (2024) & Forecast (2025-2032) 1.3 Market Size (Value in USD Billion) and Market Share (%) - By Segments, Regions and Country 2. Building Thermal Insulation Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Positioning Of Key Players 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Headquarter 2.3.3. Business Portfolio 2.3.4. End-User 2.3.5. No of Sales Channels 2.3.6. ASP 2.3.7. Revenue (2024) 2.3.8. Growth Rate (%) 2.3.9. Operational Efficiency (%) 2.3.10. Geographical Presence 2.4. Ecosystem Analysis 2.4.1. Manufacturers 2.4.2. Suppliers 2.4.3. End User 2.4.4. Government & Regulatory Bodies 2.5. Market Structure 2.5.1. Market Leaders 2.5.2. Market Followers 2.5.3. Emerging Players 2.6. Mergers and Acquisitions Details 2.7. Research and Development 3. Building Thermal Insulation Market: Market Dynamics 3.1. Building Thermal Insulation Market Trends 3.2. Building Thermal Insulation Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Key Opinion Leader Analysis For the Global Industry 3.6. Government Schemes and Initiatives for Global Industry 3.7. Technology roadmap 4. Pricing Analysis by Region 4.1. Average Selling Price (ASP) Trends For Thermal Insulation Across Applications (Residential, Commercial) 4.2. Average Selling Price Trend, By Region 4.2.1. Analysis Of Regional Price Variations Of Local Market Conditions 5. Supply Chain Analysis 5.1. Raw Material Sourcing 5.2. Manufacturing Process 5.3. Logistics and Distribution 5.4. Regional Production Facilities 5.5. Sustainability and Environmental Considerations 6. Trade Analysis 6.1. Top 10 Importing Country 6.1.1. Impact Of Tariffs And Regulations On Insulation Material Imports. 6.2. Top 10 Exporting Country 6.2.1. Export Scenario Of Building Thermal Insulation 6.2.2. Leading Exporters And Regions Demanding Insulation Materials. 6.2.3. Export-related Challenges And Opportunities In Emerging Markets. 7. Regulatory Landscape by Region 7.1. National & Regional Standards (e.g., ISO, ASTM, BREEAM, LEED). 7.2. Government Energy Codes and policies promoting energy-efficient building construction. 7.3. Fire Safety Standards and compliance requirements for insulation materials. 8. Key Conferences and Events in 2024-2025 8.1. International Green Building Conference (focused on energy-efficient buildings) 8.2. European Insulation Manufacturers Association (EIMA) Annual Summit 8.3. World Sustainable Building Conference 9. Investment and Funding Scenario 9.1. Funding Opportunities for startups and companies innovating in insulation technology 10. Building Thermal Insulation Market: Global Market Size and Forecast By Segmentation (Value in USD Billion) (2024-2032) 10.1. Building Thermal Insulation Market Size and Forecast, By Material (2024-2032) 10.1.1. Glass Wool 10.1.2. Mineral Wool 10.1.3. EPS 10.1.4. XPS 10.1.5. Cellulose 10.1.6. PIR 10.1.7. PUR 10.1.8. Others 10.2. Building Thermal Insulation Market Size and Forecast, By Application (2024-2032) 10.2.1. Roof Insulation 10.2.2. Walls Insulation 10.2.3. Floor Insulation 10.3. Building Thermal Insulation Market Size and Forecast, By End-Use (2024-2032) 10.3.1. Residential 10.3.2. Commercial 10.4. Building Thermal Insulation Market Size and Forecast, By Region (2024-2032) 10.4.1. North America 10.4.2. Europe 10.4.3. Asia Pacific 10.4.4. South America 10.4.5. MEA 11. North America Building Thermal Insulation Market Size and Forecast By Segmentation (Value in USD Billion) (2024-2032) 11.1. North America Building Thermal Insulation Market Size and Forecast, By Material (2024-2032) 11.1.1. Glass Wool 11.1.2. Mineral Wool 11.1.3. EPS 11.1.4. XPS 11.1.5. Cellulose 11.1.6. PIR 11.1.7. PUR 11.1.8. Others 11.2. North America Building Thermal Insulation Market Size and Forecast, By Application (2024-2032) 11.2.1. Roof Insulation 11.2.2. Walls Insulation 11.2.3. Floor Insulation 11.3. North America Building Thermal Insulation Market Size and Forecast, By End-Use (2024-2032) 11.3.1. Residential 11.3.2. Commercial 11.4. North America Building Thermal Insulation Market Size and Forecast, By Country (2024-2032) 11.4.1. United States 11.4.1.1. United States Building Thermal Insulation Market Size and Forecast, By Material (2024-2032) 11.4.1.2. United States Building Thermal Insulation Market Size and Forecast, By Application (2024-2032) 11.4.1.3. United States Building Thermal Insulation Market Size and Forecast, By End-Use (2024-2032) 11.4.2. Canada 11.4.2.1. Canada Building Thermal Insulation Market Size and Forecast, By Material (2024-2032) 11.4.2.2. Canada Building Thermal Insulation Market Size and Forecast, By Application (2024-2032) 11.4.2.3. Canada Building Thermal Insulation Market Size and Forecast, By End-Use (2024-2032) 11.4.3. Mexico 11.4.3.1. Mexico Building Thermal Insulation Market Size and Forecast, By Material (2024-2032) 11.4.3.2. Mexico Building Thermal Insulation Market Size and Forecast, By Application (2024-2032) 11.4.3.3. Mexico Building Thermal Insulation Market Size and Forecast, By End-Use (2024-2032) 12. Europe Building Thermal Insulation Market Size and Forecast By Segmentation (Value in USD Billion) (2024-2032) 12.1. Europe Building Thermal Insulation Market Size and Forecast, By Material (2024-2032) 12.2. Europe Building Thermal Insulation Market Size and Forecast, By Application (2024-2032) 12.3. Europe Building Thermal Insulation Market Size and Forecast, By End-Use (2024-2032) 12.4. Europe Building Thermal Insulation Market Size and Forecast, By Country (2024-2032) 12.4.1. United Kingdom 12.4.2. France 12.4.3. Germany 12.4.4. Italy 12.4.5. Spain 12.4.6. Sweden 12.4.7. Russia 12.4.8. Rest of Europe 13. Asia Pacific Building Thermal Insulation Market Size and Forecast By Segmentation (Value in USD Billion) (2024-2032) 13.1. Asia Pacific Building Thermal Insulation Market Size and Forecast, By Material (2024-2032) 13.2. Asia Pacific Building Thermal Insulation Market Size and Forecast, By Application (2024-2032) 13.3. Asia Pacific Building Thermal Insulation Market Size and Forecast, By End-Use (2024-2032) 13.4. Asia Pacific Building Thermal Insulation Market Size and Forecast, By Country (2024-2032) 13.4.1. China 13.4.2. Japan 13.4.3. South Korea 13.4.4. India 13.4.5. Australia 13.4.6. Malaysia 13.4.7. Thailand 13.4.8. Vietnam 13.4.9. Indonesia 13.4.10. Philippines 13.4.11. Rest of Asia Pacific 14. Middle East and Africa Building Thermal Insulation Market Size and Forecast By Segmentation (Value in USD Billion) (2024-2032) 14.1. Middle East and Africa Building Thermal Insulation Market Size and Forecast, By Material (2024-2032) 14.2. Middle East and Africa Building Thermal Insulation Market Size and Forecast, By Application (2024-2032) 14.3. Middle East and Africa Building Thermal Insulation Market Size and Forecast, By End-Use (2024-2032) 14.4. Middle East and Africa Building Thermal Insulation Market Size and Forecast, By Country (2024-2032) 14.4.1. South Africa 14.4.2. GCC 14.4.3. Nigeria 14.4.4. Egypt 14.4.5. Turkey 14.4.6. Rest of ME&A 15. South America Building Thermal Insulation Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2032) 15.1. South America Building Thermal Insulation Market Size and Forecast, By Material (2023-2032) 15.2. South America Building Thermal Insulation Market Size and Forecast, By Application (2023-2032) 15.3. South America Building Thermal Insulation Market Size and Forecast, By End-Use (2023-2032) 15.4. South America Building Thermal Insulation Market Size and Forecast, by Country (2023-2032) 15.4.1. Brazil 15.4.2. Argentina 15.4.3. Colombia 15.4.4. Chile 15.4.5. Peru 15.4.6. Rest Of South America 16. Company Profile: Key Players 16.1. Saint-Gobain S.A. (France) 16.1.1. Company Overview 16.1.2. Business Portfolio 16.1.3. Financial Overview 16.1.4. SWOT Analysis 16.1.5. Strategic Analysis 16.1.6. Recent Developments 16.2. Johns Manville Corporation (U.S.) 16.3. Owens Corning (U.S.) 16.4. Kingspan Group plc (Ireland) 16.5. Rockwool International A/S (Denmark) 16.6. Knauf Insulation, Inc. (U.S.) 16.7. BASF SE (Germany) 16.8. Huntsman Corporation (U.S.) 16.9. Covestro AG (Germany) 16.10. GAF Materials Corporation (U.S.) 16.11. Firestone Building Products Company (U.S.) 16.12. Cabot Corporation (U.S.) 16.13. Dow Corning Corporation (U.S.) 16.14. URSA Insulation, S.A. (Spain) 16.15. Paroc Group Oy (Finland) 16.16. Atlas Roofing Corporation (U.S.) 16.17. Aspen Aerogels Inc. (U.S.) 16.18. TechnoNICOL Corporation (Russia) 16.19. NICHIAS Corporation (Japan) 16.20. Anco Products, Inc. (U.S.) 16.21. Morgan Advanced Materials plc (U.K.) 16.22. Unifrax LLC (U.S.) 16.23. Evonik (Germany) 16.24. CNBM Group Co Ltd. (China) 16.25. PT. Bondor Indonesia (Indonesia) 16.26. BYUCKSAN (South Korea) 16.27. Huamei Energy-saving Technology Group Co., Ltd. (China) 16.28. Kaneka Corporation (Japan) 16.29. KCC Corporation (South Korea) 16.30. Lloyd Insulations (India) Limited (India) 17. Key Findings 18. Analyst Recommendations 19. Building Thermal Insulation Market: Research Methodology
