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Building Thermal Insulation Market Size By Material (Open Cell Materials/Wool Insulation [Glass Wool, Stone Wool], Closed Cell Materials/Plastic Foams [Expanded Polystyrene, Extruded Polystyrene, Polyurethanes]), By Application (Wall Insulation [Internal Wall, External Wall, Air Cavity Wall], Roof Insulation [Flat Roof, Pitch Roof], Floor Insulation), By End-use (Residential, Commercial, Industrial), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2022 - 2028

  • Report ID: GMI1755
  • Base Year: 2021
  • Report Format: PDF

Industry Trends

Building Thermal Insulation Market size valued at USD 23 billion in 2021 and is anticipated to progress at over 5.7% CAGR from 2022 to 2028. Strict regulations & policies formulated to reduce greenhouse gas emissions by legal bodies along with rapidly changing climate conditions across the globe will augment the industry demand.
 

Building Thermal Insulation Market

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A significant rise in consumer awareness pertaining to energy conservation coupled with the increasing carbon footprint in Asia Pacific and the MEA will enhance product penetration. Consumers are focusing on the sustainable development of building construction, which will further proliferate product demand. Thermal insulation in buildings can reduce fossil fuel consumption, in turn, drastically leading to a decrease in the adverse effects on the climate & environment. Low maintenance & nominal operational costs with high energy efficiency will proliferate green building development projects globally.
 

Furthermore, the sustained workload in the public sector in areas including civil engineering and public housing has supported the construction industry in developed nations, making prices broadly stable and proliferating the overall building thermal insulation market.
 

However, the global construction sector has been negatively impacted due to the adverse impacts of COVID-19. Lower oil prices and strict government regulations have slowed global economic growth. Surging COVID-19 cases in many regions and the shutdown of the construction sector for a longer period have largely impacted the industry. Nevertheless, rapid urbanization and industrial development activities will likely propel market statistics.
 

Robust demand for wool insulation will sustain the market growth

Open cell material (wool insulation) is poised to dominate the industry with more than USD 18 billion revenue by 2028. Key features including high thermal property, effective cost-efficiency, and durability will enhance business expansion. The growing need for glass wool in the thermal insulation market is attributed to its various properties including soundproofing, versatility, non-flammability, and low maintenance costs. The abundant availability of resources, low carbon footprint, easy installation, energy-efficient insulation, and incombustibility of the material will further support the industry's material scope.
 

Rising applications of wall insulation

Building Thermal Insulation Market By Application

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Based on application, the wall insulation segment exhibited around 49.2% of the building thermal insulation market share in 2021 owing to the extensive usage of insulated materials in interior & exterior wall construction. Additionally, wall insulation helps in reducing the cost & energy loss by trapping the heat inside the house during winter and by restricting the heat entering the house during summer. Numerous materials including EPS, polyurethane foam, mineral wool, cellulose fibers, and sandwich panels are used to insulate the walls, which will gradually boost market demand in developed countries.
 

Residential construction to support the industry statistics

Building Thermal Insulation Market By End-use

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The residential application is forecast to reach USD 20 billion by 2028 at a considerable growth rate of about 5.9%. Proliferating industrialization, the growing population, and the rising middle-class population across emerging economies have driven the residential construction sector. The growing consumer awareness and the development of new products will further fuel the industry revenue.
 

Asia Pacific to dominate the overall industry

Building Thermal Insulation Market By Region

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The Asia Pacific building thermal insulation market is predicted to cross USD 13.2 billion by 2028 on account of increasing government spending on infrastructure and rapid urbanization. This will also lead to an increased energy consumption led by growing demand for eco-friendly building insulation products. Some of the major economies including China, India, and Japan are investing in sustainable developments.
 

Product development and strategic investments will create new opportunities

Key industry participants positively investing in technological advancements coupled with product improvisation to expand their global footholds. Moreover, companies are engaging in strategic alliances to minimize operational costs.


Key players in the building thermal insulation market are BASF SE, Johns Manville, Saint-Gobain, Huntsman International, CertainTeed, Cellofoam North America, Rockwool International A/S, Atlas Roofing Corporation, Tasman Insulation New Zealand, GAF, Dow Building Solutions, Beijing New Building Material, Neo Thermal Insulation, Kingspan Group, Owens Corning Corporation, URSA Insulation, Lloyd Insulations, and Sika AG.
 

This market research report building thermal insulation includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2028 for the following segments:

Market, By Material

  • Open cell materials/Wool insulation
    • Glass wool
    • Stone wool
    • Others (cellulose & aerogel)
  • Closed cell materials/Plastic foams
    • Expanded polystyrene
    • Extruded polystyrene
    • Polyurethanes
    • Others (phenolic foams & polyisocyanurate insulation)

Market, By Application

  • Wall insulation
    • Internal wall
    • External wall
    • Air cavity wall
  • Roof insulation
    • Flat roof
    • Pitch roof
  • Floor

Market, By End-use

  • Residential
  • Commercial
  • Industrial

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Indonesia
    • Thailand
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Kuwait
    • South Africa

 

Authors: Kiran Pulidindi, Prashant Hake

Frequently Asked Questions (FAQ) :

The market size of building thermal insulation valued at over $23 billion in 2021 and is predicted to record 5.7% CAGR through 2028, says this GMI report.

The wool insulation market size is likely to cross $18 billion by 2028 due to its beneficial properties, such as versatility, soundproofing, low maintenance costs, and non-flammability.

The residential sector may register a CAGR of 5.9% in the global market through 2028 due to various factors, such as the growing middle-class population, rising world population, and robust industrialization.

BASF SE, Huntsman International, Saint-Gobain, Johns Manville, Cellofoam North America, CertainTeed, Atlas Roofing Corporation, Rockwool International A/S, Tasman Insulation New Zealand, and GAF, among numerous others, are involved in the production of high-end building thermal insulation solutions for their clients across the world.

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Premium Report Details

  • Published Date: Feb 2022
  • Companies covered: 21
  • Tables & Figures: 305
  • Countries covered: 24
  • Pages: 300

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