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Rising Demand For Residential Construction Boosting The Insulation Products Market Driving Market Acceleration in the Insulation Products Industry, 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Insulation Products Market Size By 2025?
The market size for insulation products has seen considerable expansion in the past few years. Projected to increase from $68.28 billion in 2024 to $72.23 billion in 2025, the market is expected to experience a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this growth during the historical period include energy efficiency regulations, a surge in construction activities, growing consciousness about environmental impacts, government incentives and rebates, fluctuating climate, and extreme temperatures.
How Big Is the Insulation Products Market Size Expected to Grow by 2029?
The market size of insulation products is anticipated to experience robust growth in the coming years, reaching $94.64 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 7.0%. The upward trend in the forecast period can be linked to more stringent energy efficiency regulations, integration of renewable energy, emphasis on green building certifications, worldwide urbanization movements, and increased attention to indoor comfort. Key trends during this forecast period encompass high-performance materials, eco-friendly and sustainable insulation, intelligent insulation technologies, health, indoor air quality, and digitization in production.
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Which Key Market Drivers Powering Insulation Products Market Expansion and Growth?
The surge in residential constructions is projected to stimulate the expansion of the insulation products market. The term residential buildings pertain to structures meant for habitation. There has been a growing trend for constructions that are energy-efficient, leading to a heightened demand for insulation products. To illustrate, in January 2023, there were 1,406,000 new housing units established in the USA, reflecting a surge of 12.8% compared to the previous year, January 2022. Consequently, the escalation in the number of residential buildings is expected to fuel the insulation products market.
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Which Fast-Growing Trends Are Poised to Disrupt the Insulation Products Market?
Innovation in the insulation products market includes eco-friendly solutions. In November 2023, Ireland-based Kingspan launched HemKor, a hemp-based insulation material with up to 95% bio-based content. Designed to improve thermal efficiency and reduce carbon footprints, HemKor is a sustainable alternative to synthetic insulation.
What Are the Emerging Segments in the Insulation Products Market?
The insulation products market covered in this report is segmented -
1) By Insulation Type: Thermal, Acoustic, Other Insulation Types
2) By Material Type: Mineral Wool, Fiberglass, Stone Wool, Polyurethane Foam, Flexible Elastomeric Foam, Other Materials
3) By Distribution Type: Online, Offline
4) By End-User: Building And Construction, Industrial, Transportation, Consumer, Other End Users
Subsegments:
1) By Fiberglass Insulation: Fiberglass Insulation, Mineral Wool Insulation, Foam Insulation, Reflective Insulation
2) By Acoustic Insulation: Fiberglass Acoustic Panels, Mineral Wool Acoustic Insulation, Foam Acoustic Insulation, Soundproof Drywall
3) By Other Insulation Types: Fireproof Insulation, Moisture Control Insulation, Eco-Friendly Insulation
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Who Are the Global Leaders in the Insulation Products Market?
Major companies operating in the insulation products market include Saint-Gobain S.A, Rockwool International A/S, Huntsman Corporation, Atlas Roofing Corporation, GAF Materials Corporation, Kingspan Group plc, BASF SE, Owens Corning, Knauf Insulation GmbH, Johns Manville Corporation, Bridgestone Corporation, Covestro AG, Armacell International Holding GmbH, DuPont de Nemours Inc., Cellofoam North America Inc., Recticel NV/SA, Lloyd Insulations (India) Limited, L'ISOLANTE K-FLEX S.p.A., Nichias Corporation, NMC SA, Paroc Group, Pittsburgh Corning Corporation, Polyglass S.p.A., Superglass Insulation Ltd., Superlon Worldwide Sdn Bhd, TechnoNICOL Corporation, Thermafiber Inc., Uralita SA.
Which are the Top Profitable Regional Markets for the Insulation Products Industry?
Asia-Pacific was the largest region in the insulation products market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global insulation products market report during the forecast period. The regions covered in the insulation products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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