What Has Been The Historical And Current Growth Of The Building Thermal Insulation Market?
The building thermal insulation market has shown considerable growth,
• Expanding due to various driving factors.
from $30.55 billion in 2024, the market size increased to $31.56 billion in 2025, showing a significant compound annual growth rate (CAGR) of 3.3%.
The growth during this period resulted from evolving energy-efficiency regulations and building codes, increasing awareness about environmental sustainability and energy conservation, an escalating construction industry, fluctuating energy prices, and government incentive schemes.
What Is The Forecast For The Building Thermal Insulation Market By 2029?
The market size for building thermal insulation is set to sustain steady growth in the upcoming years.
• By 2029, it is expected to further expand to $38.13 billion, with a CAGR of 4.8%.
This forecasted growth can be attributed to climate change mitigation efforts. Additionally, the need for energy-efficient buildings, the adoption of green building certifications and standards, research and development of sustainable insulation materials, increasing demand for passive house and zero-energy building designs, and urbanization and population growth should also contribute significantly. Furthermore, major anticipated trends such as sustainable insulation materials, aerogel insulation, prefabricated insulation panels, and high-performance insulation for cold climates will drive market growth.
What Are The Factors Propelling The Growth Of The Building Thermal Insulation Market?
Green buildings' construction surge is expected to push the building thermal insulation market's growth. Green buildings aim to minimalize or eradicate adverse impacts on the environment during their lifecycle. They enhance living standards without depleting natural resources. Building thermal insulation is integrated into green building construction, making them more energy efficient, and naturally cool. The US Census Bureau reported that the value of construction projects increased from $2.01 trillion to $2.14 trillion between May 2023 and May 2024. Such an increasing trend in green building construction drives the market growth.
What Are The Key Segments Of The Building Thermal Insulation Market?
The primary segments of the building thermal insulation market include –
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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What Are The Emerging Trends Impacting The Growth In Building Thermal Insulation Market?
The emergence of new technologies represents a key trend in the building thermal insulation market. Major companies are introducing new technologies to maintain their competitive edge. ACC Ltd., introduced ACC Atrium in March 2022 - a thermal insulating climate control concrete system devised with unique technology. Suitable for residential and commercial construction, the product is sustainable, fire-resistant, and offers thermal insulation.
Which Are The Major Players In The Building Thermal Insulation Market?
Major players influencing the market growth 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.
What Regional Insights Exist For The Building Thermal Insulation Market?
Asia-Pacific claimed the highest share in the building thermal insulation market as of 2024. Market trends and dynamics vary across different regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa, all covered in this report.
