Building Thermal Insulation Market Size & Share, by Material (Glass Wool, Stone Wool, Polystyrene); Application (Flat Roof, External Wall, Internal Wall, Floor); End-user (Residential Buildings, Non-residential Buildings) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3535
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Building Thermal Insulation Market size was over USD 32.97 billion in 2023 and is poised to cross USD 59.16 billion by 2036, witnessing more than 4.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of building thermal insulation is evaluated at USD 34.18 billion. The growth of the market can be attributed to the growing application of building thermal insulators to obtain better heat/cold protection. They are being immensely used in places with extreme climatic conditions, for insulating buildings where cooling or heating systems are used, as this can save cost and energy. Thermal insulators trap the heat of the building inside, and save the energy spent on space heaters. Moreover, they can also prevent the extreme cold or extreme heat waves from entering the building. The growing adoption of heating or cooling systems in buildings is estimated to boost the market growth. Furthermore, the mounting awareness regarding energy conservation is estimated to boost the market growth. the global rise in temperature and climate change, caused by various human activities, are also estimated to boost the market growth. According to a report by NASA, the global temperature is currently increasing by 0.2 degrees Celsius per decade, causing extreme rise and fall of temperature.


Building Thermal Insulation Market
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Building Thermal Insulation Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Usage of Artificial Cooling and Heating Systems
  • Rising Global Warming and Climate Changes

Challenges

  • Slow Adoption and Lack of Awareness amongst People

Building Thermal Insulation Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

4.6%

Base Year Market Size (2023)

USD 32.97 billion

Forecast Year Market Size (2036)

USD 59.16 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Building Thermal Insulation Segmentation

The market is segmented by application into flat roof, external wall, internal wall, floor, and others, out of which, the external wall segment is anticipated to hold the notable share in the global building thermal insulation market over the forecast period on account of growing application of thermal insulation for blocking the harsh cold and heat out of the house, as external walls are the major point of entrance of the outdoor temperature. Similarly, the flat roof segment is also estimated to grow significantly throughout the forecast period. 

Our in-depth analysis of the global market includes the following segments:

           By Material

  • Glass Wool
  • Stone Wool
  • Polystyrene
  • Others

             By Application

  • Flat Roof
  • External Wall
  • Internal Wall
  • Floor
  • Others

 

 

           By End-User

  • Residential Buildings
  • Non-Residential Buildings

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Building Thermal Insulation Industry - Regional Synopsis

On the basis of geographical analysis, the global building thermal insulation market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Middle East and Africa industry is predicted to hold largest revenue share by 2036, attributed to high temperature, prevalence all the yearlong, along with growing industrial development in the region. The average temperature of this region is around 40 degrees Celsius, reaching a soaring high of 50 degrees in summers.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the extremely cold climatic conditions in Canada, and some areas of the United States. Similarly, the market in Europe is estimated to grow modestly throughout the forecast period, on the back of presence of extremely cold climatic conditions in countries, such as, Russia, Norway, Denmark, Iceland, Germany, UK, and others.

Research Nester
Building-Thermal-Insulation-Market-Share
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Companies Dominating the Building Thermal Insulation Landscape

    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Owens Corning
    • Plersch Kältetechnik GmbH
    • Huntsman Corporation
    • Knauf Insulation, Inc.
    • Kingspan Group plc
    • Compagnie de Saint-Gobain S.A.
    • Johns Manville
    • Covestro AG
    • Dow Silicones Corporation

In the News

  • June, 2021: Knauf Insulation launched the first ever glass mineral wool products in rolls and slabs. The glass mineral wool solutions with ECOSE Technology are certified free of any harmful or unhealthy chemical ingredients.

Author Credits:  Rajrani Baghel


  • Report ID: 3535
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT
Building Thermal Insulation Market Report Scope
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