Building Thermal Insulation Market, By Material Type (Fiberglass Insulation, Foam Board Insulation, Spray Foam Insulation, Cellulose Insulation, and Mineral Wool Insulation), By Application (Residential Buildings, Commercial Buildings, and Industrial Buil

Building Thermal Insulation Market, By Material Type (Fiberglass Insulation, Foam Board Insulation, Spray Foam Insulation, Cellulose Insulation, and Mineral Wool Insulation), By Application (Residential Buildings, Commercial Buildings, and Industrial Buildings), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Building thermal insulation refers to materials used in construction for limiting heat transfer between the interior and exterior of buildings. It helps to reduce heating/cooling costs and provide greater comfort. Factors such as rising energy costs, stringent energy efficiency regulations, and construction of green buildings are driving the demand for thermal insulation globally. The growing commercial construction sector across developing nations also supports market growth. However, fluctuating raw material prices remain a key challenge for manufacturers.

Market Dynamics:

The global building thermal insulation market growth is driven by several factors such as increasing need for energy conservation due to rising energy costs, stringent government regulations regarding energy consumption, and focus on sustainable construction. Rapid urbanization and growth in residential & commercial construction activities globally have also fueled market expansion. However, volatility in prices of raw materials used for insulation production act as a major restraining factor. On the other hand, emerging opportunities include rising demand for thermal insulation from developing countries, innovation of bio-based and eco-friendly insulating materials, and growth of green building projects.

Key features of the study:

This report provides in-depth analysis of the global building thermal insulation market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global building thermal insulation market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Owens Corning, Rockwool International A/S, Johns Manville (Berkshire Hathaway), Knauf Insulation, Saint-Gobain, BASF SE, DuPont, 3M Company, Kingspan Group, GAF Materials Corporation, Celotex, CertainTeed, Armacell International S.A., Fletcher Building Limited, Insulation Corporation of America, Nitto Denko Corporation, Thermafiber, Inc., Sika AG, Isolatek International, and Huntsman Corporation

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global building thermal insulation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global building thermal insulation market.

Detailed Segmentation-

By Material Type Insights (Revenue, USD Bn, 2019 - 2031)

Fiberglass Insulation

Foam Board Insulation

Spray Foam Insulation

Cellulose Insulation

Mineral Wool Insulation

By Application Insights (Revenue, USD Bn, 2019 - 2031)

Residential Buildings

Commercial Buildings

Industrial Buildings

Regional Insights (Revenue, USD Bn, 2019 - 2031)

North America

U.S.

Canada

Latin America

Brazil

Argentina

Mexico

Rest of Latin America

Europe

Germany

U.K.

Spain

France

Italy

Russia

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

South Africa

North Africa

Central Africa

Key Players Insights

Owens Corning

Rockwool International A/S

Johns Manville (Berkshire Hathaway)

Knauf Insulation

Saint-Gobain

BASF SE

DuPont

3M Company

Kingspan Group

GAF Materials Corporation

Celotex

CertainTeed

Armacell International S.A.

Fletcher Building Limited

Insulation Corporation of America

Nitto Denko Corporation

Thermafiber, Inc.

Sika AG

Isolatek International

Huntsman Corporation