How big is the insulation market?

The market size of global insulation surpassed USD 49 billion in 2021 and is anticipated to exhibit nearly 7% CAGR during 2022 to 2030, driven by a significant rise in construction expenditure due to ongoing infrastructure development. Read More

What factors are driving the expansion of the plastic wool segment?

The plastic foam segment is speculated to depict over 7% gains through 2030 owing to the product Read More

Why is insulation industry gaining major impetus from residential construction segment?

The residential construction segment held more than 50% of the market share in 2021 and may exceed USD 46 billion by 2030 due to increasing household investments, rising disposable incomes, and a positive economic outlook. Read More

Which region is likely to have a major share in the insulation market?

Asia Pacific is set to expand at 7% CAGR and account for more than 45% of the revenues by 2030 largely due to massive population growth and emerging urbanization and industrial growth trends. Read More

Who offers insulation services?

Major players partaking in the insulation industry include Owens Corning Corp, BASF, CertainTeed Corporation, Huntsman International, Dow Chemical Company, Rockwool International A/S, Knauf Gips KG, Johns Manville, Armacell International S.A., Lloyd Insulations (India), Atlas Roofing Corporation, and Duro-Last Roofing, Inc. among others. Read More

Insulation Market Share Report, Industry Trends [2022-2030]

Insulation Market Size

Insulation Market size crossed USD 49 billion in 2021 and is all set to exhibit a CAGR of over 7% between 2022 and 2030.

A significant rise in investments across the construction sector focused on the development of robust infrastructure may drive industry expansion. The massive growth in the global population and an increasing number of people migrating from rural to urban regions have pushed the requirement for adequate housing and commercial spaces.

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The fast-paced urbanization and industrial growth across developed and developing economies have encouraged government and administrative authorities to make noticeable investments in infrastructure development, spurring the demand for advanced insulation systems. In addition, the increasing construction of energy-efficient buildings driven by the rising environmental concerns and growing awareness about the efficient use of resources may further strengthen the insulation market outlook.

Insulation Market Report Attributes

Key Takeaway	Details
Market Size & Growth
Base Year	2021
Market Size in 2021	USD 49 Billion
Forecast Period 2022 to 2030 CAGR	7.4%
Market Size in 2030	USD 95 Billion
Key Market Trends
Growth Drivers	Increase in construction spending in Asia-Pacific Construction contributes maximum to the insulation market in Europe Rising energy costs and building codes increasing insulation adoption in North America
Pitfalls & Challenges	Building material compliances and emergence of green building products Volatile raw material prices

What are the growth opportunities in this market?

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Insulation Market Analysis

Insulation Market, By Product,

The plastic foam segment is expected to witness growth rate of around 7% and will reach a valuation worth USD 53 billion by 2030. The increasing popularity of plastic wool insulation can be credited to its superior thermal resistance, inexpensiveness, and relatively low vulnerability to insects and moths compared to naturally derived insulation materials such as sheep wool insulation. The rising concerns about environmental sustainability and rapid growth in the utilization of recycled materials may positively influence the plastic wool insulation demand.

The residential construction application accounted for more than 50% of the insulation market share in 2021 and is speculated to exceed USD 46 billion by 2030. The increasing number of housing projects driven by the robust economic landscape and the consistent improvement in disposable incomes may create new growth prospects for the industry. As per Eurostat facts and figures, the household investment rates in Cyprus, Finland, Netherlands, and Germany accounted for 12.5%, 12%, 12%, and 10%, respectively in 2020. These investments, coupled with the strict government regulatory framework towards sufficing the proper building codes and insulation, may foster product adoption across the residential sector.

Insulation Market, By Region,

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Regarding the regional landscape, the Asia Pacific insulation market is set to account for nearly 45% of the revenue share by 2030. Rapid population growth and surging urbanization and industrial development, paving the way for infrastructure expansion are likely to fuel the regional industry statistics. The Asia Pacific has witnessed a positive economic outlook and a substantial rise in people's living standards, driving the adoption of energy-efficient insulation solutions. Moreover, the increasing emphasis on providing better roads and building infrastructure by governments across regional economies such as China, India, and Japan may transform the regional market dynamics.

Insulation Market Share

Notable shareholders in the insulation market include:

Owens Corning Corp
BASF
CertainTeed Corporation
Huntsman International
Dow Chemical Company
Rockwool International A/S
Knauf Gips KG
Johns Manville
Armacell International S.A
Lloyd Insulations (India)
Atlas Roofing Corporation
Duro-Last Roofing Inc
Recticel Insulation
Paroc
UP Twiga Fiberglass
Beijing New Building Material Group
Supreme Petrochem Limited
Superlon Worldwide
SY Panel Company Limited
Shinwoo Industrial Company Limited
Sae Rom Panel
Shengquan Group
Bondor Indonesia
Polyglass
Nichias Corporation
Mag-Isover
Luyang Energy-Saving Materials
Byucksan Corporation
KCC Corporation
Kingspan Group
Huamei Group
Kaneka Corporation
Kumho Petrochemical
EcoFoam/Insulations.

These companies have been constantly focusing on strengthening their strategic landscape to boost their global presence and expand their product offerings. For instance, in August 2022, ROCKWOOL launched its new product range comprising NyRock Rainscreen 032 and Frame Slab 032, leveraging NyRock technology to offer the lowest lambda stone wool insulation in Britain. The NyRock Rainscreen 032 product line is specially designed for sealed structures and ventilated cladding, such as curtain walling

COVID-19 Impact

The insulation industry experienced a significant drop in sales during the COVId-19 pandemic. The halt in new construction activities and repair and maintenance projects due to the imposition of strict lockdown measures across most economies resulted in diminishing demand for insulating materials. The non-availability of raw materials and labor migration disrupted the supply chain management. Aditionally, the diversion of government funds towards medical and healthcare further worsened the crisis. However, lately, with the significant reduction in COVID-19 infections and eased restrictions across several economies, the market is on its way to making a rapid recovery and may register considerable momentum over the coming years.

This market research report on insulation includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2030, for the following segments:

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Market, By Product

Fiberglass/Glass Wool
Mineral Wool
Plastic foam
EPS
XPS
Others

Others

Market, By Application

Residential construction
Industrial, HVAC & OEM
Non-residential construction

Market, By Region

North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Belgium
- Sweden
Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Thailand
- South Korea
- Vietnam
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Authors: Avinash Singh, Sunita Singh

Chapter 1 Methodology & Scope

1.1 Scope & definitions

1.2 Methodology & forecast parameters

1.3 Region-wise COVID-19 impact analysis

1.3.1 North America

1.3.2 Europe

1.3.3 Asia Pacific

1.3.4 Latin America

1.3.5 Middle East & Africa

1.4 Regional trends

1.5 Data Sources

1.5.1 Secondary

1.5.2 Primary

Chapter 2 Executive Summary

2.1 Global insulation market 360^o synopsis, 2018 – 2030

2.1.1 Business trends

2.1.2 Product trends

2.1.3 Application trends

2.1.4 Regional trends

Chapter 3 Global Insulation Market Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2018 - 2030

3.3 Industry ecosystem analysis

3.3.1 Raw material analysis

3.3.2 Profit margin analysis

3.3.3 Value addition at each stage

3.3.4 Distributor channel analysis

3.3.5 Vendor matrix

3.4 Technology landscape

3.4.1 Production process

3.4.1.1 Glass fiber

3.4.1.2 EPS

3.5 Fiberglass industry outlook

3.5.1 Key trends & opportunities

3.5.2 Infrastructure investment, by sector

3.5.2.1 Residential

3.5.2.2 Commercial

3.6 Consumer buying behavior

3.7 Regulatory landscape

3.7.1 U.S

3.7.1.1 California code of Regulations

3.7.1.2 Insulation certification by manufacturer:

3.7.1.3 Installation of Urea Formaldehyde Foam Insulation:

3.7.1.4 Flame Spread Rating of Insulation:

3.7.1.5 Installation of Insulation in Existing Building

3.7.1.6 Insulation Requirements for Heated Slab Floors

3.7.2 European Union

3.7.2.1 Energy Efficiency Directive

3.7.2.1.1 Energy Performance of Buildings Directive (EPBD)

3.7.2.1.2 Energy and Climate Framework for 2030

3.7.2.1.3 Energy Labelling of Windows

3.7.2.2 Green Public Procurement Product Sheet

3.7.2.2.1 Technical specification

3.7.3 Asia-Pacific

3.7.3.1 China

3.7.3.1.1 Building codes for China

3.7.4 MEA

3.7.4.1 United Arab Emirates

3.7.5 Latin America

3.7.5.1 Mexico

3.8 Pricing Analysis

3.8.1 Fiberglass/glass wool

3.8.2 Mineral Wool

3.8.3 Plastic Form

3.8.3.1 EPS

3.8.3.2 XPS

3.8.3.3 Other plastic foam

3.8.4 Others

3.8.5 Cost Structure Analysis

3.8.5.1 R&D cost

3.8.5.2 Manufacturing & equipment cost

3.8.5.3 Raw material cost

3.8.5.4 Distribution cost

3.8.5.5 Operating cost

3.8.5.6 Miscellaneous cost

3.9 Industry impact forces

3.9.1 Growth drivers

3.9.2 Industry pitfalls & challenges

3.10 Innovation & sustainability

3.11 Growth potential analysis

3.12 Competitive landscape

3.12.1 Top players overview

3.12.2 Company market share, 2021

3.12.3 Key stakeholders

3.12.4 Strategy dashboard

3.13 Porter’s analysis

3.13.1 Threat of new entrant

3.13.2 Supplier power

3.13.3 Buyer power

3.13.4 Threat of substitutes

3.13.5 Industry rivalry

3.14 PESTEL analysis

Chapter 4 Global Insulation Market, By Product

4.1 Insulation market share, by product, 2021 & 2030

4.2 Fiberglass/ glass wool

4.2.1 Market estimates and forecast, 2018 – 2030

4.2.2 Market estimates and forecast, by region, 2018 - 2030

4.3 Mineral Wool

4.3.1 Market estimates and forecast, 2018 – 2030

4.3.2 Market estimates and forecast, by region, 2018 - 2030

4.4 Plastic Foam

4.4.1 Market estimates and forecast, 2018 – 2030

4.4.2 Market estimates and forecast, by region, 2018 – 2030

4.4.3 Expanded Polystyrene (EPS)

4.4.3.1 Market estimates and forecast, 2018 – 2030

4.4.3.2 Market estimates and forecast, by region, 2018 – 2030

4.4.4 Extruded Polystyrene (XPS)

4.4.4.1 Market estimates and forecast, 2018 – 2030

4.4.4.2 Market estimates and forecast, by region, 2018 – 2030

4.4.5 Others

4.4.5.1 Market estimates and forecast, 2018 – 2030

4.4.5.2 Market estimates and forecast, by region, 2018 – 2030

4.5 Others

4.5.1 Market estimates and forecast, 2018 – 2030

4.5.2 Market estimates and forecast, by region, 2018 – 2030

Chapter 5 Global Insulation Market, By Application

5.1 Insulation market share, by application, 2021 & 2030

5.2 Residential construction

5.2.1 Market estimates and forecast, 2018 – 2030

5.2.2 Market estimates and forecast, by region, 2018 –2030

5.2.3 Industrial, HVAC & OEM

5.2.3.1 Market estimates and forecast, 2018 –2030

5.2.3.2 Market estimates and forecast, by region, 2018 – 2030

5.2.4 Non-residential construction

5.2.4.1 Market estimates and forecast, 2018 –2030

5.2.4.2 Market estimates and forecast, by region, 2018 – 2030

Chapter 6 Global Insulation Market, By Region

6.1 Insulation market share, by region, 2021 & 2030

6.2 North America

6.2.1 Market estimates and forecast, 2018 – 2030

6.2.2 Market estimates and forecast, by product, 2018 – 2030

6.2.3 Market estimates and forecast, by application, 2018 – 2030

6.2.4 US

6.2.4.1 Market estimates and forecast, 2018 – 2030

6.2.4.2 Market estimates and forecast, by product, 2018 – 2030

6.2.4.3 Market estimates and forecast, by application, 2018 – 2030

6.2.5 Canada

6.2.5.1 Market estimates and forecast, 2018 – 2030

6.2.5.2 Market estimates and forecast, by product, 2018 – 2030

6.2.5.3 Market estimates and forecast, by application, 2018 – 2030

6.3 Europe

6.3.1 Market estimates and forecast, 2018 – 2030

6.3.2 Market estimates and forecast, by product, 2018 – 2030

6.3.3 Market estimates and forecast, by application, 2018 – 2030

6.3.4 Germany

6.3.4.1 Market estimates and forecast, 2018 – 2030

6.3.4.2 Market estimates and forecast, by product, 2018 – 2030

6.3.4.3 Market estimates and forecast, by application, 2018 – 2030

6.3.5 UK

6.3.5.1 Market estimates and forecast, 2018 – 2030

6.3.5.2 Market estimates and forecast, by product, 2018 – 2030

6.3.5.3 Market estimates and forecast, by application, 2018 – 2030

6.3.6 France

6.3.6.1 Market estimates and forecast, 2018 – 2030

6.3.6.2 Market estimates and forecast, by product, 2018 – 2030

6.3.6.3 Market estimates and forecast, by application, 2018 – 2030

6.3.7 Spain

6.3.7.1 Market estimates and forecast, 2018 – 2030

6.3.7.2 Market estimates and forecast, by product, 2018 – 2030

6.3.7.3 Market estimates and forecast, by application, 2018 – 2030

6.3.8 Italy

6.3.8.1 Market estimates and forecast, 2018 – 2030

6.3.8.2 Market estimates and forecast, by product, 2018 – 2030

6.3.8.3 Market estimates and forecast, by application, 2018 – 2030

6.3.9 Sweden

6.3.9.1 Market estimates and forecast, 2018 – 2030

6.3.9.2 Market estimates and forecast, by product, 2018 – 2030

6.3.9.3 Market estimates and forecast, by application, 2018 – 2030

6.3.10 Netherlands

6.3.10.1 Market estimates and forecast, 2018 – 2030

6.3.10.2 Market estimates and forecast, by product, 2018 – 2030

6.3.10.3 Market estimates and forecast, by application, 2018 – 2030

6.3.11 Belgium

6.3.11.1 Market estimates and forecast, 2018 – 2030

6.3.11.2 Market estimates and forecast, by product, 2018 – 2030

6.3.11.3 Market estimates and forecast, by application, 2018 – 2030

6.3.12 Russia

6.3.12.1 Market estimates and forecast, 2018 – 2030

6.3.12.2 Market estimates and forecast, by product, 2018 – 2030

6.3.12.3 Market estimates and forecast, by application, 2018 – 2030

6.4 Asia Pacific

6.4.1 Market estimates and forecast, 2018 – 2030

6.4.2 Market estimates and forecast, by product, 2018 – 2030

6.4.3 Market estimates and forecast, by application, 2018 – 2030

6.4.4 China

6.4.4.1 Market estimates and forecast, 2018 – 2030

6.4.4.2 Market estimates and forecast, by product, 2018 – 2030

6.4.4.3 Market estimates and forecast, by application, 2018 – 2030

6.4.5 India

6.4.5.1 Market estimates and forecast, 2018 – 2030

6.4.5.2 Market estimates and forecast, by product, 2018 – 2030

6.4.5.3 Market estimates and forecast, by application, 2018 – 2030

6.4.6 Japan

6.4.6.1 Market estimates and forecast, 2018 – 2030

6.4.6.2 Market estimates and forecast, by product, 2018 – 2030

6.4.6.3 Market estimates and forecast, by application, 2018 – 2030

6.4.7 Australia

6.4.7.1 Market estimates and forecast, 2018 – 2030

6.4.7.2 Market estimates and forecast, by product, 2018 – 2030

6.4.7.3 Market estimates and forecast, by application, 2018 – 2030

6.4.8 Malaysia

6.4.8.1 Market estimates and forecast, 2018 – 2030

6.4.8.2 Market estimates and forecast, by product, 2018 – 2030

6.4.8.3 Market estimates and forecast, by application, 2018 – 2030

6.4.9 South Korea

6.4.9.1 Market estimates and forecast, 2018 – 2030

6.4.9.2 Market estimates and forecast, by product, 2018 – 2030

6.4.9.3 Market estimates and forecast, by application, 2018 – 2030

6.4.10 Thailand

6.4.10.1 Market estimates and forecast, 2018 – 2030

6.4.10.2 Market estimates and forecast, by product, 2018 – 2030

6.4.10.3 Market estimates and forecast, by application, 2018 – 2030

6.4.11 Indonesia

6.4.11.1 Market estimates and forecast, 2018 – 2030

6.4.11.2 Market estimates and forecast, by product, 2018 – 2030

6.4.11.3 Market estimates and forecast, by application, 2018 – 2030

6.4.12 Vietnam

6.4.12.1 Market estimates and forecast, 2018 – 2030

6.4.12.2 Market estimates and forecast, by product, 2018 – 2030

6.4.12.3 Market estimates and forecast, by application, 2018 – 2030

6.5 Latin America

6.5.1 Market estimates and forecast, 2018 – 2030

6.5.2 Market estimates and forecast, by product, 2018 – 2030

6.5.3 Market estimates and forecast, by application, 2018 – 2030

6.5.4 Market estimates and forecast, by form, 2018 – 2030

6.5.5 Brazil

6.5.5.1 Market estimates and forecast, 2018 – 2030

6.5.5.2 Market estimates and forecast, by product, 2018 – 2030

6.5.5.3 Market estimates and forecast, by application, 2018 – 2030

6.5.6 Mexico

6.5.6.1 Market estimates and forecast, 2018 – 2030

6.5.6.2 Market estimates and forecast, by product, 2018 – 2030

6.5.6.3 Market estimates and forecast, by application, 2018 – 2030

6.5.7 Argentina

6.5.7.1 Market estimates and forecast, 2018 – 2030

6.5.7.2 Market estimates and forecast, by product, 2018 – 2030

6.5.7.3 Market estimates and forecast, by application, 2018 – 2030

6.6 MEA

6.6.1 Market estimates and forecast, 2018 – 2030

6.6.2 Market estimates and forecast, by product, 2018 – 2030

6.6.3 Market estimates and forecast, by application, 2018 – 2030

6.6.4 South Africa

6.6.4.1 Market estimates and forecast, 2018 – 2030

6.6.4.2 Market estimates and forecast, by product, 2018 – 2030

6.6.4.3 Market estimates and forecast, by application, 2018 – 2030

6.6.5 Saudi Arabia

6.6.5.1 Market estimates and forecast, 2018 – 2030

6.6.5.2 Market estimates and forecast, by product, 2018 – 2030

6.6.5.3 Market estimates and forecast, by application, 2018 – 2030

6.6.6 UAE

6.6.6.1 Market estimates and forecast, 2018 – 2030

6.6.6.2 Market estimates and forecast, by product, 2018 – 2030

6.6.6.3 Market estimates and forecast, by application, 2018 – 2030

Chapter 7 Company Profiles

7.1 Owens Corning Corp.

7.1.1 Business Overview

7.1.2 Financial Data

7.1.3 Product Landscape

7.1.4 Strategic Outlook

7.1.5 SWOT Analysis

7.2 BASF SE

7.2.1 Business Overview

7.2.2 Financial Data

7.2.3 Product Landscape

7.2.4 Strategic Outlook

7.2.5 SWOT Analysis

7.3 CertainTeed Corporation

7.3.1 Business Overview

7.3.2 Financial Data

7.3.3 Product Landscape

7.3.4 Strategic Outlook

7.3.5 SWOT Analysis

7.4 Huntsman International

7.4.1 Business Overview

7.4.2 Financial Data

7.4.3 Product Landscape

7.4.4 Strategic Outlook

7.4.5 SWOT Analysis

7.5 Dow Chemical Company

7.5.1 Business Overview

7.5.2 Financial Data

7.5.3 Product Landscape

7.5.4 Strategic Outlook

7.5.5 SWOT Analysis

7.6 Rockwool International A/S

7.6.1 Business Overview

7.6.2 Financial Data

7.6.3 Product Landscape

7.6.4 Strategic Outlook

7.6.5 SWOT Analysis

7.7 Knauf Gips KG

7.7.1 Business Overview

7.7.2 Financial Data

7.7.3 Product Landscape

7.7.4 Strategic Outlook

7.7.5 SWOT Analysis

7.8 Johns Manville

7.8.1 Business Overview

7.8.2 Financial Data

7.8.3 Product Landscape

7.8.4 Strategic Outlook

7.8.5 SWOT Analysis

7.9 Armacell International S.A.

7.9.1 Business Overview

7.9.2 Financial Data

7.9.3 Product Landscape

7.9.4 Strategic Outlook

7.9.5 SWOT Analysis

7.10 Lloyd Insulations (India)

7.10.1 Business Overview

7.10.2 Financial Data

7.10.3 Product Landscape

7.10.4 Strategic Outlook

7.10.5 SWOT Analysis

7.11 Atlas Roofing Corporation

7.11.1 Business overview

7.11.2 Financial data

7.11.3 Product landscape

7.11.4 Strategic outlook

7.11.5 SWOT analysis

7.12 Duro-Last Roofing, Inc.

7.12.1 Business overview

7.12.2 Financial data

7.12.3 Product landscape

7.12.4 Strategic outlook

7.12.5 SWOT analysis

7.13 Recticel Insulation

7.13.1 Business overview

7.13.2 Financial data

7.13.3 Product landscape

7.13.4 Strategic outlook

7.13.5 SWOT analysis

7.14 Paroc

7.14.1 Business overview

7.14.2 Financial data

7.14.3 Product landscape

7.14.4 Strategic outlook

7.14.5 SWOT analysis

7.15 UP Twiga Fiberglass

7.15.1 Business overview

7.15.2 Financial data

7.15.3 Product landscape

7.15.4 Strategic outlook

7.15.5 SWOT analysis

7.16 Beijing New Building Material Group

7.16.1 Business overview

7.16.2 Financial data

7.16.3 Product landscape

7.16.4 Strategic outlook

7.16.5 SWOT analysis

7.17 Supreme Petrochem Limited

7.17.1 Business overview

7.17.2 Financial data

7.17.3 Product landscape

7.17.4 Strategic outlook

7.17.5 SWOT analysis

7.18 Superlon Worldwide

7.18.1 Business overview

7.18.2 Financial data

7.18.3 Product landscape

7.18.4 Strategic outlook

7.18.5 SWOT analysis

7.19 SY Panel Company Limited

7.19.1 Business overview

7.19.2 Financial data

7.19.3 Product landscape

7.19.4 Strategic outlook

7.19.5 SWOT analysis

7.20 Shinwoo Industrial Company Limited

7.20.1 Business overview

7.20.2 Financial data

7.20.3 Product landscape

7.20.4 Strategic outlook

7.20.5 SWOT analysis

7.21 Sae Rom Panel

7.21.1 Business overview

7.21.2 Financial data

7.21.3 Product landscape

7.21.4 Strategic outlook

7.21.5 SWOT analysis

7.22 Shengquan Group

7.22.1 Business overview

7.22.2 Financial data

7.22.3 Product landscape

7.22.4 Strategic outlook

7.22.5 SWOT analysis

7.23 Bondor Indonesia

7.23.1 Business overview

7.23.2 Financial data

7.23.3 Product landscape

7.23.4 Strategic outlook

7.23.5 SWOT analysis

7.24 Polyglass

7.24.1 Business overview

7.24.2 Financial data

7.24.3 Product landscape

7.24.4 Strategic outlook

7.24.5 SWOT analysis

7.25 Nichias Corporation

7.25.1 Business overview

7.25.2 Financial data

7.25.3 Product landscape

7.25.4 Strategic outlook

7.25.5 SWOT analysis

7.26 Mag-Isover

7.26.1 Business overview

7.26.2 Financial data

7.26.3 Product landscape

7.26.4 Strategic outlook

7.26.5 SWOT analysis

7.27 Luyang Energy Saving Materials

7.27.1 Business overview

7.27.2 Financial data

7.27.3 Product landscape

7.27.4 Strategic outlook

7.27.5 SWOT analysis

7.28 Byucksan Corporation

7.28.1 Business overview

7.28.2 Financial data

7.28.3 Product landscape

7.28.4 Strategic outlook

7.28.5 SWOT analysis

7.29 KCC Corporation

7.29.1 Business overview

7.29.2 Financial data

7.29.3 Product landscape

7.29.4 Strategic outlook

7.29.5 SWOT analysis

7.30 Kingspan Group

7.30.1 Business overview

7.30.2 Financial data

7.30.3 Product landscape

7.30.4 Strategic outlook

7.30.5 SWOT analysis

7.31 Huamei Group

7.31.1 Business overview

7.31.2 Financial data

7.31.3 Product landscape

7.31.4 Strategic outlook

7.31.5 SWOT analysis

7.32 Kaneka Corporation

7.32.1 Business overview

7.32.2 Financial data

7.32.3 Product landscape

7.32.4 Strategic outlook

7.32.5 SWOT analysis

7.33 Kumho Petrochemical

7.33.1 Business overview

7.33.2 Financial data

7.33.3 Product landscape

7.33.4 Strategic outlook

7.33.5 SWOT analysis

7.34 EcoFoam/Insulations

7.34.1 Business overview

7.34.2 Financial data

7.34.3 Product landscape

7.34.4 Strategic outlook

7.34.5 SWOT analysis

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Frequently Asked Question(FAQ) :

How big is the insulation market?: The market size of global insulation surpassed USD 49 billion in 2021 and is anticipated to exhibit nearly 7% CAGR during 2022 to 2030, driven by a significant rise in construction expenditure due to ongoing infrastructure development.
What factors are driving the expansion of the plastic wool segment?: The plastic foam segment is speculated to depict over 7% gains through 2030 owing to the product
Why is insulation industry gaining major impetus from residential construction segment?: The residential construction segment held more than 50% of the market share in 2021 and may exceed USD 46 billion by 2030 due to increasing household investments, rising disposable incomes, and a positive economic outlook.
Which region is likely to have a major share in the insulation market?: Asia Pacific is set to expand at 7% CAGR and account for more than 45% of the revenues by 2030 largely due to massive population growth and emerging urbanization and industrial growth trends.
Who offers insulation services?: Major players partaking in the insulation industry include Owens Corning Corp, BASF, CertainTeed Corporation, Huntsman International, Dow Chemical Company, Rockwool International A/S, Knauf Gips KG, Johns Manville, Armacell International S.A., Lloyd Insulations (India), Atlas Roofing Corporation, and Duro-Last Roofing, Inc. among others.

Research methodology, data sources & validation process

This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.

Our 6-step research process

1. Research design & analyst oversight

At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.

Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research

Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis

Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing

Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions

Every forecast includes explicit documentation of:
- ✓ Key growth drivers and their assumed impact
- ✓ Restraining factors and mitigation scenarios
- ✓ Regulatory assumptions and policy change risk
- ✓ Technology adoption curve parameter
- ✓ Macroeconomic assumptions (GDP growth, inflation, currency)
- ✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance

The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.

Our triple-layer validation process ensures maximum data reliability:
- ✓ Statistical Validation
- ✓ Expert Validation
- ✓ Market Reality Check

Trust & credibility

10+
Years in Service: Consistent delivery since establishment; A+
BBB Accreditation: Professional standards & satisfaction; ISO
Certified Quality: ISO 9001-2015 Certified Company; 150+
Research Analysts: Across 10+ industry verticals; 95%
Client Retention: 5-year relationship value

Verified data sources

Trade publications

Security & defense sector journals and trade press
Industry databases

Proprietary and third-party market databases
Regulatory filings

Government procurement records and policy documents
Academic research

University studies and specialist institution reports
Company reports

Annual reports, investor presentations, and filings
Expert interviews

C-suite, procurement leads, and technical specialists
GMI archive

13,000+ published studies across 30+ industry verticals
Trade data

Import/export volumes, HS codes, and customs records

Parameters studied & evaluated

Macroeconomic factors
Microeconomic factors
Technology & innovation
Regulatory & political environment
Demographics
Value chain analysis
Market dynamics
Porter's five forces
PESTLE analysis
Competitive benchmarking
Supply-demand gap analysis
Pricing trends
SWOT Analysis
Mergers & Acquisitions Activity
Investment & Funding Landscape
Company Profiles

Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →

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Table of Contents

Don't see your key competitors?

Research methodology, data sources & validation process

Our 6-step research process

1. Research design & analyst oversight

2. Primary research

3. Data mining & market analysis

4. Market sizing

5. Forecast model & key assumptions

6. Validation & quality assurance

Trust & credibility

Verified data sources

Trade publications

Industry databases

Regulatory filings

Academic research

Company reports

Expert interviews

GMI archive

Trade data

Parameters studied & evaluated