Press release
Global Building Insulation Materials Market Projected to Grow at 4.5% CAGR, Reaching $31.94 Billion by 2029
Building Insulation Materials
Building Insulation Materials Market Size Growth Forecast: What to Expect by 2025?
The market size for building insulation materials has seen consistent growth in the past few years. The projected growth will see an increase from $26.06 billion in 2024 to $26.8 billion in 2025, maintaining a compound annual growth rate (CAGR) of 2.8%. The notable growth experienced in the past is due to the surge in developing markets, an increased demand for energy-efficient buildings, a heightened emphasis on sustainability, and quick-paced industrialization.
How Will the Building Insulation Materials Market Size Evolve and Grow by 2029?
The market size for building insulation materials is projected to enjoy consistent growth over the coming years. The market value is estimated to reach $31.94 billion in 2029, with a compound annual growth rate (CAGR) of 4.5%. This growth during the forecasted period can be linked to factors such as increasing construction work, rising urbanization, and growth in disposable income. Significant trends during this period include emphasis on environmentally friendly insulation materials, product innovations and new product development, advances in technology and product solutions, collaborations and acquisitions to enhance financial power, and expansions of new plants to meet the rising demand.
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What Drivers Are Propelling the Growth of Building Insulation Materials Market Forward?
The escalating rate of construction process is set to boost the development of the building insulation materials market. Here, construction activities encompass everything that revolves around the construction, demolition, assembly, alteration, installation, or equipment of buildings or structures. The rapid surge in industrialization and urbanization have triggered a rise in such activities. This rise, in turn, has sparked a tremendous demand for insulation materials in residential and commercial building constructions. Insulation is essentially an energy conservation measure that reduces excess heat in hot climates and minimizes heat loss in cold ones. For instance, the Office of National Statistics, based in the UK, reported in November 2023, that the total new work in construction output had seen a 15.8% rise - a historic achievement with a net worth of £132,989 million in 2023. Furthermore, in 2022, the total new work saw an increase by £18,161 million, with the private sector seeing a growth of 16.8% and the public sector a growth of 13.1%. Therefore, the escalating building and construction undertakings globally are set to propel the thermoplastic elastomer market.
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Which Emerging Trends Are Transforming the Building Insulation Materials Market in 2025?
Technological advancements are becoming a prevalent trend within the building insulation materials market. Companies operating within this industry are focused on developing and integrating innovative technologies to maintain their market standing. For instance, in March 2023, Atlas Roofing Corporation, a US-based company in the building materials sector, introduced a new insulation product known as EnergyShield XR. This product, made for continual insulation use, consists of a closed-cell foam core that offers superior thermal functionality, resistance to moisture, and durability. It contributes towards energy efficiency in buildings by reducing heat exchange, making it suitable for both household and commercial construction. The product's lightweight nature enables easy handling and installation, accelerating project completion and ensuring durable insulation solutions that comply with contemporary building codes and standards.
What Are the Key Segments in the Building Insulation Materials Market?
The building insulation materials market covered in this report is segmented -
1) By Material: Fiberglass, Mineral Wool, Expanded Polystyrene, Extruded Polystyrene, Cellulose, Other Materials
2) By Insulation: Bulk, Reflective
3) By Application: Wall Insulation, Underfloor Insulation, Ceiling Or Roof Insulation, Window Insulation, Other Applications
4) By End User: Residential, Commercial, Industrial
Subsegments:
1) By Fiberglass: Batts And Rolls, Loose-Fill, Blown-In Fiberglass
2) By Mineral Wool: Stone Wool, Slag Wool
3) By Expanded Polystyrene (EPS): Molded EPS Panels, Loose-Fill EPS Beads
4) By Extruded Polystyrene (XPS): Rigid Foam Board, Sheathing Panels
5) By Cellulose: Loose-Fill Cellulose, Dense-Packed Cellulose, Wet-Spray Cellulose
6) By Other Materials: Polyurethane Foam, Reflective Insulation, Cotton Or Denim Insulation, Aerogel
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Who Are the Key Players Shaping the Building Insulation Materials Market's Competitive Landscape?
Major companies operating in the building insulation materials market include Owens Corning, Rockwool International A/S, Knauf Gips KG, Saint-Gobain S.A., BASF SE, Dow Inc, Berkshire Hathaway Inc., Huntsman Corporation, Covestro AG, DuPont de Nemours Inc, Anhui Sunval International Co. Ltd, Hangzhou Qiyao New Material Co. Ltd, Hainan Fuwang Industrial Co. Ltd, Xuchang Zhufeng Insulation Material Co. Ltd, Yuyao Tongchuang Thermal Insulation & Sealing Factory, Resistant Building Products Ltd, FibreGrid, Gyvlon Limited, Keith Builders Merchants Limited, AluMate Limited, Wetherby Laroc Group, Plasson UK Ltd, Surface Heating & Cooling, Roofbase, Celotex Ltd, IKO Enertherm, Kingspan, Gambit Lubawka Sp. z o.o., Global Mineral Group Sp. z o.o., TechnoNICOL Corporation, Steklonit JSC, Guardian Industries, Nippon Electric Glass America, Fiberglass Canada Inc., Holcim, Armacell, Isover, Texsa, Arabian Fiberglass Insulation Company Ltd, Ashtrom Group, Pearl Polyurethane Systems, Redcon Construction Company, Eco-Beam, Ecomo
What Geographic Markets Are Powering Growth in the Building Insulation Materials Market?
North America was the largest region in the building insulation materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the building insulation materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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