What Is the Market Size Analysis for Building Thermal Insulation?
The building thermal insulation market size has seen steady growth in recent years. It will grow from $30.55 billion in 2024 to $31.56 billion in 2025 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to energy efficiency regulations and building codes driving demand for insulation, increasing awareness of environmental sustainability and energy conservation, increased construction industry, fluctuating energy prices, and government incentives.
Expected to experience steady growth in the coming years, the market size will reach $38.13 billion in 2029 at a CAGR of 4.8%. This forecast period growth can be attributed to efforts in climate change mitigation and the need for energy-efficient buildings, adoption of green building certifications and standards, research and development of high-performance and sustainable insulation materials, increasing demand for passive house and zero-energy building designs, and urbanization and population growth.
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What Are The Drivers in The Building Thermal Insulation Market?
The increasing green building construction trend is expected to drive the building thermal insulation market. Green structures minimize or eliminate environmental harm during design and operation, do not strain natural resources and improve living standards. Building thermal insulation is critical to making these buildings more energy efficient, and it also helps naturally maintain cooler temperatures. For instance, according to the US Census Bureau in July 2024, the value of construction operations climbed from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the rising construction of green buildings is fueling the building thermal insulation market’s growth.
What Are the Major Segments Within the Global Building Thermal Insulation Market?
The building thermal insulation market is segmented –
1) By Material: Foamed Plastic, Mineral Wool, Aerogels, Cellulose, Other Materials
2) By Product: Glass Wool, Mineral Wool, Expanded polystyrene (EPS), Extruded polystyrene (XPS), Other Products
3) By Application: Roof Insulation, Wall Insulation, Floor Insulation
4) By End Use: Residential, Commercial, Industrial
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Which Key Companies Are Transforming The Building Thermal Insulation Market?
Several major companies are operating in the building thermal insulation market and these include Johns Manville, Saint-Gobain S.A., Kingspan Group PLC, Owens Corning, Rockwool International A/S, GAF Materials Corporation, Guardian Building Products Inc., CertainTeed Corporation, Knauf Insulation, Armacell International S.A., Dow Inc., Huntsman Corporation, Cabot Corporation, Recticel NV, Paroc Group, URSA Insulation S.A., Superglass Insulation Ltd., Kaimann GmbH, Thermaflex International Holding B.V., Lapinus Fibres, KCC Corporation, Beijing New Building Material (Group) Co. Ltd., Fletcher Insulation Pty Ltd., TechnoNICOL Corporation, Unifrax I LLC, Aspen Aerogels Inc., Evonik Industries AG, Alutech Systems Ltd.
What Emerging Trends Are Shaping The Building Thermal Insulation Market Landscape?
Technological advancements are gaining popularity as a key trend in the building thermal insulation market. Major companies are concentrating on introducing new technologies to gain a competitive advantage. For instance, in March 2022, ACC Ltd., an India-based building material manufacturer launched the ACC Atrium, a thermal insulating climate control concrete system made with unique insulating technology. This product provides thermal insulation and is ideal for residential and commercial construction purposes, and is sustainable and fire-resistant.
Which Region Is Set to Grow The Fastest In The Building Thermal Insulation Market?
Asia-Pacific was the largest region in the building thermal insulation market in 2024. The report for the building thermal insulation market covers a number of regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Building Thermal Insulation Market Report 2025 Offer?
Building thermal insulation refers to the use of thermal insulation to prevent heat transfer from one substance to another in thermal contact. The thermal conductivity of the insulation serves as a measurement and is accomplished using low thermally conductive materials. This research report on the Building Thermal Insulation Market from The Business Research Company offers global market size data, growth rates, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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