Market Overview:

The Building Insulation Materials Market size is estimated to reach $31.6 Billion by 2030, growing at a CAGR of 5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Building Insulation Materials Market – By Type (Fiberglass, Mineral wool [Glass wool, Rock wool], Cellulose, Natural Fiber [Cotton, Sheep's wool, Straw, Hemp], Polystyrene, Polyurethane, Polyisocyanurate, Vermiculite and Perlite, Urea-formaldehyde foam, Cementitious Foam, Phenolic foam, Insulation facings, and Others), By Application (Residential (Independent Houses, Row Houses, Large Apartments, Non-Residential [Office Buildings, Warehouses, Hospitals, Educational Institutions, Shopping Complex, Super Market and Hyper Market, and Others]), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Growth of eco-friendly & organic insulation materials and Expansion of energy-efficient retrofits are expected to create growth opportunities in the market during forecast period.

Europe Dominated the Market in 2023:

Europe accounted for the largest share of 32% of the Building Insulation Materials Market in 2023 followed by APAC and North America. The region has a strong focus on reducing carbon footprints, leading to increased demand for energy-efficient buildings and insulation solutions. Strict environmental regulations and government initiatives, such as the EU's push for energy-efficient construction, played a significant role in driving this market. Additionally, the widespread adoption of insulation materials like Expanded Polystyrene (EPS), which accounted for 41% of the market share in 2023, further solidified Europe’s dominance in this sector.

Building Insulation Materials Market: Key Takeaways

Growing Demand for Energy Efficiency and Sustainability:

With Europe’s strict environmental regulations, such as the European Union's Green Deal and the Energy Performance of Buildings Directive (EPBD), builders and developers are prioritizing the use of insulation materials that reduce energy consumption in both residential and commercial buildings. This trend is further amplified by the need to meet carbon reduction goals by 2030, driving the adoption of advanced insulation technologies. Materials like Expanded Polystyrene (EPS) and Mineral Wool are seeing high demand due to their superior thermal insulation properties, which help minimize heat loss and reduce the overall carbon footprint of buildings.

Technological Advancements in Insulation Materials:

Innovations such as aerogels, vacuum insulation panels (VIPs), and phase-change materials (PCMs) are gaining traction due to their enhanced insulation properties and thinner profiles, which make them suitable for modern, space-saving building designs. These materials offer high thermal resistance and superior energy efficiency compared to traditional insulation materials. Furthermore, research and development efforts are focused on producing eco-friendly and recyclable insulation solutions to align with Europe’s sustainability goals. These cutting-edge technologies are expected to reshape the insulation industry in the coming years, offering improved performance while adhering to environmental standards. 

For More Queries About "Building Insulation Materials Market " @ https://www.industryarc.com/reports/request-quote?id=11675

Scope of the Report: 

    Report Metric

                        Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5%

Market Size in 2030

$31.6 Billion

Segments Covered

By Type, By Application


Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).



Key Market Players

  1. Berkshire Hathaway (Johns Manville Corporation)

  2. Saint-Gobain S.A.

  3.  BASF SE

  4. Kingspan Group plc

  5. Knauf Insulation, Inc.

  6. Owens Corning

  7. Huntsman Corporation

  8. Rockwool International A/S

  9. Holcim Group (Firestone Building Products Company)

  10. Cabot Corporation


Recent Developments:
  • In March 2022, BASF expanded its graphitic expandable polystyrene (EPS) granulate portfolio. BASF had launched Neopor F 5 McycledTM, which contains 10 percent recycled material and is suitable for numerous building applications, particularly exterior insulation.
  • In November 2023, Kingspan Group, launched HemKor range of products which is a bio-based insulation product largely made up of hemp. It was launched as an effort to reduce the carbon footprint of buildings.
  • In May 2024, Saint-Gobain, through its building products subsidiary CertainTeed Inc., and TimberHP, a manufacturer of insulating wood composites, announced that they have entered into a collaborative relationship, which will enable CertainTeed to distribute TimberHP’s wood fiber insulation products in North America, including as the exclusive distribution partner in Canada.

Building Insulation Materials Market: Competitive Landscape

Key companies profiled in the Building Insulation Materials Market are Berkshire Hathaway (Johns Manville Corporation), Saint-Gobain S.A., BASF SE, Kingspan Group plc, Knauf Insulation, Inc., Owens Corning, Huntsman Corporation, Rockwool International A/S, Holcim Group (Firestone Building Products Company), Cabot Corporation, and Others.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

Contact Us:

Mr. Venkat Reddy

IndustryARC

Email: [email protected]

USA: (+1) 518-282-4727