Press release
Strong Growth Ahead: Roof Insulation Market Size To Grow At Arecord 5% Cagr By 2029
Roof Insulation Market Share
What Is the Roof Insulation Market Size and Projected Growth Rate?
The expansion of the roof insulation market has been consistent over the past few years. The market, which was valued at $10.63 billion in 2024, is projected to increase to $11 billion in 2025, thanks to a compound annual growth rate (CAGR) of 3.5%. This development over the historic period can be associated with factors such as energy efficiency norms, a surge in construction and building operations, the rising cognizance of energy preservation, the need for thermal comfort, along with government incentives and discount schemes.
The size of the roof insulation market is predicted to witness substantial expansion in the forthcoming years. The market is expected to reach $13.37 billion by 2029, with a compound annual growth rate (CAGR) of 5.0%. This surge during the forecast period is likely to result from urbanization and population increase, improvements in building resources, renovation and retrofitting operations, strict environmental regulations, and energy cost issues. Key trends within the projected period comprise the integration of intelligent insulation solutions, emphasis on noise mitigation and acoustic insulation, increasing demand for recyclable insulation products, customization for energy-saving buildings, and government measures favoring energy-efficient construction.
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What Are the Major Segments in the Roof Insulation Market?
The roof insulation market covered in this report is segmented -
1) By Type: Batts And Rolls, Rigid Insulation, Reflective system
2) By Building Type: Residential, Non-Residential
3) By Material: Glass Wool, Stone Wool, Plastic Foam, Other Materials
4) By Application: Flat Roof, Pitched Roof
Subsegments:
1) By Batts And Rolls: Fiberglass Batts, Mineral Wool Batts, Rock Wool Batts
2) By Rigid Insulation: Polyisocyanurate Panels, Extruded Polystyrene (XPS) Boards, Expanded Polystyrene (EPS) Boards
3) By Reflective System: Radiant Barriers, Reflective Insulation Systems
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What Are The Driving Roof Insulation Market Evolution?
The roof insulation market is expected to experience growth due to the rise in residential building projects. Residential construction, whether it's the creation of new structures or modernizing existing ones like buildings, apartments, and residential units for personal use, requires roof insulation. Roof insulation is vital for enhancing energy conservation, minimizing energy expenses, and offering additional protection for structures. For example, the Welsh Government, based in the UK, reported in August 2023 that the completed new homes in Wales during 2022-23 totaled 5,785, marking a 10% rise from the previous year. Therefore, the expansion in residential construction is catalyzing the growth of the roof insulation market.
Which Firms Dominate The Roof Insulation Market Segments?
Major companies operating in the roof insulation market include BASF SE, Saint-Gobain SA, Dow Inc., Owens Corning Inc., Kingspan Group plc, Huntsman International LLC, Carlisle SynTec Systems, Rockwool International A/S, Synthos SA, Beijing New Building Material (Group) Co Ltd., Knauf Insulation GmbH, Morgan Advanced Materials plc, Certain-teed Products Corporation., Paroc Group Oyj, IKO Industries Ltd., Atlas Roofing Corporation, Johns Manville Corp, Aspen Aerogels Inc., Guardian Building Products Inc., Lapolla Industries Inc., Lloyd Insulations (India) Limited, Recticel Insulation Oy Company, Soprema USA, Superglass Insulation Ltd., Technonicol Corporation, Ursa Group
What Trends Are Driving Growth in The Roof Insulation Market?
Big corporations involved in the roof insulation materials market are developing new technologies to maintain their market standing. In April 2022, for example, Profoam Corporation, a Georgia-based company specialising in insulator foam, introduced the new ProFill High Density .75/lb Density Open Cell Spray Foam insulation. This ProFill spray foam delivers improved dimensional stability and spraying performance at cost-effective prices, and it's a sustainable product with a low GWP (Global Warming Potential). Offering an impressive yield of between 9,000 and 10,000 board feet, it promises contractors greater profitability compared to traditional closed-cell options.
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Which Is The Largest Region In The Roof Insulation Market?
Asia-Pacific was the largest region in the roof insulation market in 2024. Western Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the roof insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Roof Insulation Market?
2. What is the CAGR expected in the Roof Insulation Market?
3. What Are the Key Innovations Transforming the Roof Insulation Industry?
4. Which Region Is Leading the Roof Insulation Market?
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