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Thermal Insulation Material Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Thermal Insulation Material Market SizeThe global market for Thermal Insulation Material was valued at US$ 74590 million in the year 2024 and is projected to reach a revised size of US$ 110800 million by 2031, growing at a CAGR of 5.9% during the forecast period.
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Growing demand for energy-efficient buildings: With increasing concerns about energy consumption and environmental impact, there has been a rising demand for energy-efficient buildings. Thermal insulation materials play a crucial role in reducing heat transfer and improving energy efficiency in buildings. This trend was driving the growth of the thermal insulation material market.
Adoption of stricter building codes and regulations: Governments and regulatory bodies worldwide have been implementing stricter building codes and regulations to promote energy efficiency and reduce carbon emissions. These regulations often include requirements for insulation materials and thermal performance standards. The market was influenced by these regulations, as builders and contractors sought insulation materials that met the specified criteria.
By Type
• Glass Wool
• Stone Wool
• PU Foam
• Polyisocyanurate
By Application
• Flat Roof
• External Wall
• Internal Wall
Key Companies
Saint-Gobain, Kingspan Group, Rockwool International, Johns Manville, Owens Corning, Knauf Insulation, DowDuPont, Paroc Group, GAF, Huntsman International, Byucksan Corporation, Atlas Roofing, Jia Fu Da, Lfhuaneng, Beipeng Technology, Taishi Rock, Cellofoam, BNBM Group
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