North America Building Thermal Insulation Market Size, Share & Trends Analysis Report By Product (Glass Wool, Mineral Wool, EPS), By Application, By End-use, By Region, And By Segment Forecasts, 2024 - 2030

North America Building Thermal Insulation Market Size, Share & Trends Analysis Report By Product (Glass Wool, Mineral Wool, EPS), By Application, By End-use, By Region, And By Segment Forecasts, 2024 - 2030


North America Building Thermal Insulation Market Growth & Trends

The global North America building thermal insulation market size is expected to reach USD 11.72 billion by 2030, registering a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to growth in construction activities in North America.

Building thermal insulation systems are expected to gain wide acceptance owing to its several benefits such as lightweight materials, improved external appearance, and acoustic performance of the buildings. Site-built homes qualify for the credit if they are certified to reduce energy consumption during heating and cooling by 50%, relative to the International Energy Conservation Code (IECC), 2006, and meet minimum efficiency standards set by the Department of Energy.

Increasing demand for energy-efficient buildings, owing to the stringent government regulations and rising awareness regarding environmental degradation, is anticipated to fuel the demand for thermal insulation for residential, non-residential, commercial, and industrial buildings. Favorable government policies coupled with increasing awareness among consumers are expected to remain the key driving factor for the growth of the building thermal insulation market in North America.

The government initiatives are inclusive of labor training and monetary aid are likely to propel the industry growth. Moreover, favorable building codes in the U.S. and Canada coupled with the establishment of energy certification agencies such as LEED and the U.S. Green Building Council are expected to have a positive influence on market growth.

Increasing investments in energy-efficient systems is projected to benefit the building thermal insulation system in North America over the forecast period. In addition, a rise in disposable income among consumers across the globe is projected to propel the expansion of the construction industry, thereby driving the building thermal insulation market.

The growing awareness related to energy conservation is projected to have a significant impact on the demand for energy-efficient buildings and is likely to benefit the industry growth in the forecast period. A rise in spending capacities among the people is projected to benefit the growth of the construction industry, thereby benefiting the building thermal insulation market.

The North America thermal insulation market is characterized by the presence of a large number of raw material suppliers that promotes price negotiation and quantity among the buyers. Additionally, the manufacturers and installers are dependent on the buyers due to the increase in infrastructural spending coupled with stringent government regulations with respect to energy efficiency. Moreover, the presence of multiple well-established and small-scale manufacturers is projected to allow buyers to bargain over the prices.

The presence of a large number of manufacturers in North America on the account of growing demand for building thermal insulation across the globe is estimated to intensify the market competition. Moreover, the expansion of the construction industry coupled with the implementation of energy-efficient codes is projected to further result in high competition.

North America Building Thermal Insulation Market Report Highlights
  • The U.S. accounted for the largest revenue share of 80.0% in 2023. The increased demand for energy-efficient construction solutions is driving the growth of thermal insulation products in the region
  • On the basis of end-use, the residential segment held the largest revenue share in 2023. The segment is also estimated to grow at the fastest CAGR of 4.8% over the coming years. The growth in the number of single-family houses in developing economies and the rising disposable income of consumers are among the various factors projected to drive the residential construction activities
  • On the basis of application, the wall segment accounted for the largest revenue share in 2023 and is anticipated to be the fastest-growing segment over the forecast period, with a CAGR of 4.9%. This is attributed to the rise in investments in public infrastructure
  • Based on products, the glass wool accounted for the largest revenue share of 51.1% in 2023 and is expected to expand at a CAGR of 3.3%. This is because it helps to reduce energy consumption and fluctuation in temperature. Glass wool thermal insulation also provides extremely high-temperature tolerances, as the product itself is flame-resistant. In addition, it is cost-effective, versatile, and easily customizable thereby accounting for a notable demand in building insulation.
  • The players in the North America building thermal insulation market focus on increasing their market share through organic growth, rather than mergers and acquisitions. Companies in the market are focusing on expanding their product portfolio by developing cost-effective insulation products with enhanced properties.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
1.4. Information Analysis
1.4.1. Market Formulation & Data Visualization
1.4.2. Data Validation & Publishing
1.5. Research Scope and Assumptions
1.6. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Impact Analysis
3.3.2. Market Restraint Impact Analysis
3.3.3. Market Opportunity Impact Analysis
3.4. Industry Analysis Tools
3.4.1. Porter’s Analysis
3.4.2. PESTEL Analysis
Chapter 4. Luxury SUV Market: Vehicle Type Estimates & Trend Analysis
4.1. Vehicle Type Movement Analysis & Market Share, 2023 & 2030
4.2. Luxury SUV Market Estimates & Forecast, By Vehicle Type
4.2.1. Compact
4.2.2. Mid Size
4.2.3. Full Size
Chapter 5. Luxury SUV Market: Propulsion Type Estimates & Trend Analysis
5.1. Propulsion Type Movement Analysis & Market Share, 2023 & 2030
5.2. Luxury SUV Market Estimates & Forecast, By Propulsion Type
5.2.1. ICE
5.2.2. Electric
Chapter 6. Luxury SUV Market: Regional Estimates & Trend Analysis
6.1. Luxury SUV Market: Regional Outlook
6.2. North America
6.2.1. North America Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.2.2. U.S.
6.2.2.1. U.S. Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.2.3. Canada
6.2.3.1. Canada Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.2.4. Mexico
6.2.4.1. Mexico Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.3. Europe
6.3.1. Europe Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.3.2. Germany
6.3.2.1. Germany Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.3.3. UK
6.3.3.1. UK Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.3.4. France
6.3.4.1. France Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.4. Asia Pacific
6.4.1. Asia Pacific Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.4.2. China
6.4.2.1. China Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.4.3. India
6.4.3.1. India Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.4.4. Japan
6.4.4.1. Japan Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.4.5. Australia
6.4.5.1. Australia Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.4.6. South Korea
6.4.6.1. South Korea Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.5. Latin America
6.5.1. Latin America Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.5.2. Brazil
6.5.2.1. Brazil Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.6. MEA
6.6.1. MEA Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.6.2. UAE
6.6.2.1. UAE Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.6.3. Kingdom of Saudi Arabia (KSA)
6.6.3.1. Kingdom of Saudi Arabia (KSA) Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
6.6.4. South Africa
6.6.4.1. South Africa Hybrid Train market estimates & forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Competitive Landscape
7.1. Company Categorization
7.2. Financial Performance
7.3. Product Benchmarking
7.4. Company Market Share Analysis, 2023
7.5. Company Heat Map Analysis
7.6. Strategy Mapping
7.6.1. Expansion
7.6.2. Collaborations
7.6.3. Mergers & Acquisitions
7.6.4. New Speed Launches
7.6.5. Partnerships
7.6.6. Others
7.7. Company List
7.7.1. AB Volvo
7.7.2. Aston Martin Holdings UK Ltd
7.7.3. Bayerische Motoren Werke AG
7.7.4. General Motors
7.7.5. Isuzu Motors Ltd.
7.7.6. Mercedes-Benz Group AG
7.7.7. Nissan Motor Corporation
7.7.8. Tata Motors Limited
7.7.9. Toyota Motor Corporation
7.7.10. Volkswagen Group

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