How Has the Building Insulation Materials Market Evolved Historically and What is its Current Size?
The building insulation materials market has seen considerable growth due to a variety of factors.
• In recent times, the market size of building insulation materials has seen a stable increase. There's an anticipated growth from a value of $26.06 billion in 2024 to $26.8 billion in 2025. This will occur at a Compound Annual Growth Rate (CAGR) of 2.8%.
The expansion experienced in the past can be linked to the emergence of new markets, soaring demand for energy-efficient constructions, a heightened emphasis on sustainability, and swift industrialization.
What Does Future Hold for The Building Insulation Materials Market Size?
The building insulation materials market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for building insulation materials is anticipated to maintain a consistent growth trajectory in the next few years, expected to hit $31.94 billion by 2029, with a compound annual growth rate (CAGR) of 4.5%.
Factors contributing to growth in the prediction period are an increase in construction activities, urbanization, and escalation in disposable income. Key trends for the projection period include prioritizing environmentally-friendly insulation materials, emphasizing on product innovation and the creation of new product solutions, adopting new technologies and the development of superior product solutions, concentrating on collaborations and acquisitions to augment financial strength, and opting for new plant expansions in response to growing demand.
Which Factors Are Boosting Growth In The Building Insulation Materials Market?
The uptick in construction endeavours is slated to fuel the expansion of the building insulation materials market in the future. Construction endeavours entail any work crucial for the construction, destruction, assembly, alteration, or installation of a building or structure, in addition to equipment. This surge owes itself to swift industrialization and urbanization, which are generating an enormous need for insulation materials for erecting both residential and commercial buildings. Insulation is an energy-efficient method that curbs excess heat in hot weather or climates and reduces heat loss in buildings during cold weather or climates. For example, in November 2023, as revealed by the Office of National Statistics, a statistics agency based in the UK, the total new construction output topped by 15.8%, hitting a record high with a £132,989 million valuation. Furthermore, in 2022, the total new work rose by £18,161 million, with the private sector expansion noted at 16.8% and the public sector at 13.1%. Thus, on a global scale, the increasing construction activities will influence the thermoplastic elastomer market positively.
What Is The Segmentation Of The Global Building Insulation Materials Market?
The building insulation materials market covered in this report is segmented –
1) By Material: Fiberglass, Mineral Wool, Expanded Polystyrene, Extruded Polystyrene, Cellulose, Other Materials
2) By Insulation: Bulk, Reflective
3) By Application: Wall Insulation, Underfloor Insulation, Ceiling Or Roof Insulation, Window Insulation, Other Applications
4) By End User: Residential, Commercial, Industrial
Subsegments:
1) By Fiberglass: Batts And Rolls, Loose-Fill, Blown-In Fiberglass
2) By Mineral Wool: Stone Wool, Slag Wool
3) By Expanded Polystyrene (EPS): Molded EPS Panels, Loose-Fill EPS Beads
4) By Extruded Polystyrene (XPS): Rigid Foam Board, Sheathing Panels
5) By Cellulose: Loose-Fill Cellulose, Dense-Packed Cellulose, Wet-Spray Cellulose
6) By Other Materials: Polyurethane Foam, Reflective Insulation, Cotton Or Denim Insulation, Aerogel
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What Emerging Trends Are Shaping The Building Insulation Materials Market Landscape?
Advancements in technology have become a significant trend making waves in the building insulation materials market. Major firms in this sector are prioritizing the creation of innovative technologies to maintain their competitiveness. For example, in March 2023, Atlas Roofing Corporation, a US-based company in the building materials sector, introduced EnergyShield XR, a unique polyiso insulation product exclusively designed for ongoing insulation operations. This breakthrough product comes with a closed-cell foam core delivering advanced thermal performance, superior moisture resistance, and enhanced durability. EnergyShield XR is devised to boost energy efficiency in structures by reducing heat loss, hence it's suitable for both domestic and commercial buildings. Its light structure eases handling and installation, leading to quicker project finish time and offering durable insulation solutions that adhere to contemporary building laws and regulations.
Who Are the Key Players in the Building Insulation Materials Market?
Major companies operating in the building insulation materials market include:
• Owens Corning
• Rockwool International A/S
• Knauf Gips KG
• Saint-Gobain S.A.
• BASF SE
• Dow Inc
• Berkshire Hathaway Inc.
• Huntsman Corporation
• Covestro AG
• DuPont de Nemours Inc
• Anhui Sunval International Co. Ltd
• Hangzhou Qiyao New Material Co. Ltd
• Hainan Fuwang Industrial Co. Ltd
• Xuchang Zhufeng Insulation Material Co. Ltd
• Yuyao Tongchuang Thermal Insulation & Sealing Factory
• Resistant Building Products Ltd
• FibreGrid
• Gyvlon Limited
• Keith Builders Merchants Limited
• AluMate Limited
• Wetherby Laroc Group
• Plasson UK Ltd
• Surface Heating & Cooling
• Roofbase
• Celotex Ltd
• IKO Enertherm
• Kingspan
• Gambit Lubawka Sp. z o.o.
• Global Mineral Group Sp. z o.o.
• TechnoNICOL Corporation
• Steklonit JSC
• Guardian Industries
• Nippon Electric Glass America
• Fiberglass Canada Inc.
• Holcim
• Armacell
• Isover
• Texsa
• Arabian Fiberglass Insulation Company Ltd
• Ashtrom Group
• Pearl Polyurethane Systems
• Redcon Construction Company
• Eco-Beam
• Ecomo
What are the Regional Insights into the Building Insulation Materials Market?
North America was the largest region in the building insulation materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the building insulation materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
