As per Intent Market Research, the Building Thermal Insulation Market was valued at USD 26.3 Billion in 2024-e and will surpass USD 35.7 Billion by 2030; growing at a CAGR of 5.3% during 2025-2030.
The Building Thermal Insulation market plays a vital role in enhancing energy efficiency in buildings, helping to reduce energy consumption by minimizing heat transfer. As building codes and regulations evolve to promote sustainability, the demand for thermal insulation solutions continues to grow across the globe. Insulation materials are crucial in the construction of residential, commercial, and industrial structures, providing thermal comfort and reducing energy costs. The market is influenced by factors such as the growth in green building initiatives, rising energy costs, and the increasing need for environmentally friendly construction materials.
Fiberglass Insulation Segment is Largest Owing to Its Versatility and Affordability
Fiberglass insulation holds the largest market share due to its widespread use in both residential and commercial buildings. Its cost-effectiveness, excellent thermal performance, and fire-resistant properties make it a preferred choice for many construction projects. The material’s versatility in various forms, such as batt, blanket, and loose-fill, enables it to meet different insulation needs across a wide range of applications. Additionally, its ease of installation and availability further contribute to its dominant position in the market.
Fiberglass insulation is particularly favored in residential buildings, where it is used in walls, attics, and floors to improve energy efficiency and comfort. Its widespread use in both new constructions and retrofitting projects is a key factor driving its demand. Moreover, the material's relatively low cost makes it an attractive option for homeowners and developers alike, even as the demand for more sustainable materials increases.
Residential Buildings Segment is Fastest Growing Due to Rising Demand for Energy-Efficient Homes
The residential buildings segment is the fastest-growing application within the thermal insulation market, primarily driven by the increasing focus on energy efficiency and sustainable living. With rising energy costs and growing awareness of environmental impact, more homeowners and builders are turning to high-performance insulation materials to reduce heating and cooling costs. Residential buildings account for a significant portion of new construction and renovation projects, creating a strong demand for insulation solutions.
Energy-efficient homes are becoming a priority for both new homebuilders and renovation projects, spurred by stringent building codes and incentives for sustainable development. Homeowners are increasingly investing in thermal insulation to improve energy conservation, making the residential segment the fastest-growing within the market. As governments worldwide adopt stricter regulations to improve energy efficiency, this trend is expected to continue, contributing to a steady rise in insulation demand for residential buildings.
Construction Industry is Largest End-Use Industry Due to Expanding Infrastructure
The construction industry is the largest end-user of thermal insulation materials, encompassing both new building projects and the renovation of existing structures. With growing urbanization and population, the demand for residential, commercial, and industrial buildings continues to increase. Thermal insulation is essential to meet the growing need for energy-efficient buildings and infrastructure projects, as governments and regulatory bodies around the world push for stricter energy efficiency standards in construction.
The construction industry is benefiting from increased investments in sustainable building practices and green infrastructure. As energy-efficient designs and renewable energy technologies become more mainstream, insulation materials are critical for achieving the desired thermal performance. Thermal insulation not only aids in energy conservation but also contributes to comfort and overall building performance, making it a staple in construction projects globally.
North America is Largest Region Owing to Stringent Building Codes and Green Initiatives
North America holds the largest share of the Building Thermal Insulation market, driven by the stringent building codes and growing emphasis on energy-efficient construction. Countries like the United States and Canada are at the forefront of implementing sustainable building practices, with strict energy efficiency regulations that mandate the use of high-performance insulation materials in both residential and commercial buildings. The region also benefits from the widespread adoption of green building certifications, such as LEED (Leadership in Energy and Environmental Design), which encourages the use of energy-efficient insulation.
The demand for insulation in North America is further fueled by the booming construction industry, as well as government incentives for energy-efficient building practices. With both residential and commercial sectors increasingly focused on sustainability, North America is set to remain a key market for thermal insulation materials. Furthermore, the region’s commitment to reducing carbon footprints and energy consumption aligns with the growing trend of adopting advanced insulation technologies.
Competitive Landscape
The Building Thermal Insulation market is highly competitive, with several key players leading the market. Companies such as Owens Corning, Saint-Gobain, Rockwool International, and Knauf Insulation dominate the global landscape, leveraging their strong market presence, extensive product portfolios, and advanced technologies to cater to the growing demand for energy-efficient insulation solutions. These companies are continuously innovating to offer new materials that improve thermal performance while being environmentally friendly.
The competitive landscape is characterized by mergers, acquisitions, and partnerships, as companies seek to expand their reach and enhance their product offerings. Leading players are also focusing on sustainability and eco-friendly innovations, as demand for green building materials rises. With the continuous growth of construction activities and increasing awareness of energy efficiency, the market for building thermal insulation is expected to remain dynamic, with both established players and new entrants striving for a share of the market.
List of Leading Companies:
- Owens Corning
- Saint-Gobain
- Rockwool International
- Kingspan Group
- Johns Manville
- BASF SE
- Knauf Insulation
- Armacell International
- Dow Chemical Company
- Fletcher Insulation
- Huntsman Corporation
- Celotex
- ISOLOTTE
- Uralita
- Cellofoam
Recent Developments:
- Owens Corning launched a new line of energy-efficient insulation products designed for both residential and commercial buildings, aiming to meet growing demand for sustainability in construction.
- Kingspan Group acquired a leading insulation company in the Asia-Pacific region, expanding its market presence and strengthening its portfolio of energy-efficient building solutions.
- Saint-Gobain has introduced a new range of high-performance insulation materials designed for low-energy buildings, in line with new European energy efficiency regulations.
- Rockwool International announced a strategic partnership with a major energy provider to provide insulation solutions for energy-saving projects in Europe, focusing on residential and commercial buildings.
- BASF SE unveiled a new environmentally friendly insulation product that meets stringent building codes in North America, aiming to reduce carbon emissions from the construction sector.
Report Scope:
Report Features |
Description |
Market Size (2024-e) |
USD 26.3 Billion |
Forecasted Value (2030) |
USD 35.7 Billion |
CAGR (2025 – 2030) |
5.3% |
Base Year for Estimation |
2024-e |
Historic Year |
2023 |
Forecast Period |
2025 – 2030 |
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
Segments Covered |
Building Thermal Insulation Market By Material Type (Fiberglass Insulation, Foam Insulation, Mineral Wool Insulation, Cotton Insulation, Aerogel Insulation), By Application (Residential Buildings, Commercial Buildings, Industrial Buildings, Infrastructure Projects), By End-Use Industry (Construction, Energy & Utilities, Manufacturing, Real Estate) |
Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
Major Companies |
Owens Corning (US), Saint-Gobain (France), Rockwool International (Denmark), Kingspan Group (Ireland), Johns Manville (US), BASF SE (Germany), Knauf Insulation (Germany), Armacell International (Germany), Dow Chemical Company (US), Fletcher Insulation (Australia), Huntsman Corporation (US), Celotex (UK), ISOLOTTE (Russia), Uralita (Spain), Cellofoam (Germany) |
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
Frequently Asked Questions
1. Introduction |
1.1. Market Definition |
1.2. Scope of the Study |
1.3. Research Assumptions |
1.4. Study Limitations |
2. Research Methodology |
2.1. Research Approach |
2.1.1. Top-Down Method |
2.1.2. Bottom-Up Method |
2.1.3. Factor Impact Analysis |
2.2. Insights & Data Collection Process |
2.2.1. Secondary Research |
2.2.2. Primary Research |
2.3. Data Mining Process |
2.3.1. Data Analysis |
2.3.2. Data Validation and Revalidation |
2.3.3. Data Triangulation |
3. Executive Summary |
3.1. Major Markets & Segments |
3.2. Highest Growing Regions and Respective Countries |
3.3. Impact of Growth Drivers & Inhibitors |
3.4. Regulatory Overview by Country |
4. Building Thermal Insulation Market, by Material Type (Market Size & Forecast: USD Million, 2023 – 2030) |
4.1. Fiberglass Insulation |
4.2. Foam Insulation |
4.3. Mineral Wool Insulation |
4.4. Cotton Insulation |
4.5. Aerogel Insulation |
4.6. Others |
5. Building Thermal Insulation Market, by Application (Market Size & Forecast: USD Million, 2023 – 2030) |
5.1. Residential Buildings |
5.2. Commercial Buildings |
5.3. Industrial Buildings |
5.4. Infrastructure Projects |
6. Building Thermal Insulation Market, by End-Use Industry (Market Size & Forecast: USD Million, 2023 – 2030) |
6.1. Construction |
6.2. Energy & Utilities |
6.3. Manufacturing |
6.4. Real Estate |
7. Regional Analysis (Market Size & Forecast: USD Million, 2023 – 2030) |
7.1. Regional Overview |
7.2. North America |
7.2.1. Regional Trends & Growth Drivers |
7.2.2. Barriers & Challenges |
7.2.3. Opportunities |
7.2.4. Factor Impact Analysis |
7.2.5. Technology Trends |
7.2.6. North America Building Thermal Insulation Market, by Material Type |
7.2.7. North America Building Thermal Insulation Market, by Application |
7.2.8. North America Building Thermal Insulation Market, by End-Use Industry |
7.2.9. By Country |
7.2.9.1. US |
7.2.9.1.1. US Building Thermal Insulation Market, by Material Type |
7.2.9.1.2. US Building Thermal Insulation Market, by Application |
7.2.9.1.3. US Building Thermal Insulation Market, by End-Use Industry |
7.2.9.2. Canada |
7.2.9.3. Mexico |
*Similar segmentation will be provided for each region and country |
7.3. Europe |
7.4. Asia-Pacific |
7.5. Latin America |
7.6. Middle East & Africa |
8. Competitive Landscape |
8.1. Overview of the Key Players |
8.2. Competitive Ecosystem |
8.2.1. Level of Fragmentation |
8.2.2. Market Consolidation |
8.2.3. Product Innovation |
8.3. Company Share Analysis |
8.4. Company Benchmarking Matrix |
8.4.1. Strategic Overview |
8.4.2. Product Innovations |
8.5. Start-up Ecosystem |
8.6. Strategic Competitive Insights/ Customer Imperatives |
8.7. ESG Matrix/ Sustainability Matrix |
8.8. Manufacturing Network |
8.8.1. Locations |
8.8.2. Supply Chain and Logistics |
8.8.3. Product Flexibility/Customization |
8.8.4. Digital Transformation and Connectivity |
8.8.5. Environmental and Regulatory Compliance |
8.9. Technology Readiness Level Matrix |
8.10. Technology Maturity Curve |
8.11. Buying Criteria |
9. Company Profiles |
9.1. Owens Corning |
9.1.1. Company Overview |
9.1.2. Company Financials |
9.1.3. Product/Service Portfolio |
9.1.4. Recent Developments |
9.1.5. IMR Analysis |
*Similar information will be provided for other companies |
9.2. Saint-Gobain |
9.3. Rockwool International |
9.4. Kingspan Group |
9.5. Johns Manville |
9.6. BASF SE |
9.7. Knauf Insulation |
9.8. Armacell International |
9.9. Dow Chemical Company |
9.10. Fletcher Insulation |
9.11. Huntsman Corporation |
9.12. Celotex |
9.13. ISOLOTTE |
9.14. Uralita |
9.15. Cellofoam |
10. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Building Thermal Insulation Market . In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Building Thermal Insulation Market . The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Building Thermal Insulation Market . These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.