United States Thermal Insulation Material Market valuation $8.31 billion by 2031 - Exclusive Report by DatamIntelligence

"The Global Thermal Insulation Material Market reached US$ 63.9 billion in 2022 and is expected to reach US$ 127.7 billion by 2031, growing with a CAGR of 9.2% during the forecast period 2024-2031." As per DataM intelligence research report

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United States: Recent Industry Developments

✅ In October 2025, Owens Corning launched advanced thermal insulation panels for commercial and residential buildings with improved R-values and fire resistance. The panels enhance energy efficiency and reduce HVAC costs. They support sustainable construction and green building initiatives in the U.S.

✅ In September 2025, Johns Manville introduced spray foam insulation with enhanced thermal performance and moisture resistance. The product is designed for retrofit and new construction projects. It contributes to energy savings and indoor comfort in American homes and offices.

✅ In August 2025, CertainTeed rolled out eco-friendly fiberglass insulation made from recycled materials for industrial and residential applications. The material offers superior thermal and acoustic properties. It supports sustainability goals and reduces environmental footprint.

✅ In July 2025, Knauf Insulation expanded its mineral wool insulation production in the U.S., integrating advanced manufacturing techniques for higher thermal efficiency. The product targets both commercial and residential markets. It enhances energy efficiency and building sustainability.

Japan: Recent Industry Developments

✅ In October 2025, Asahi Kasei launched high-performance thermal insulation panels for commercial and residential construction. The panels offer superior heat retention and fire safety. They support Japan's energy efficiency and green building policies.

✅ In September 2025, Sekisui Chemical introduced spray foam insulation with improved thermal conductivity and moisture control. The product is ideal for modern Japanese residential and office buildings. It enhances energy savings and indoor comfort.

✅ In August 2025, Nichias Corporation rolled out eco-friendly fiberglass and mineral wool insulation for industrial and residential use. The materials provide high thermal performance and soundproofing. They support sustainable construction practices in Japan.

✅ In July 2025, Fujibo expanded its thermal insulation material offerings with next-generation heat-reflective boards for buildings and infrastructure. The materials improve energy efficiency and reduce heating and cooling costs. They align with Japan's environmental and energy conservation goals.

Thermal Insulation Material Market: Drivers

The thermal insulation material market is experiencing significant growth as industries and consumers increasingly prioritize energy efficiency, sustainability, and building performance. These materials, including fiberglass, mineral wool, polyurethane, polystyrene, and aerogels, are widely used in residential, commercial, and industrial applications to reduce heat transfer, lower energy consumption, and enhance thermal comfort. Growing adoption of green building practices, stringent energy efficiency regulations, and rising awareness about climate change are driving demand. Additionally, expansion of construction activities, retrofitting of existing infrastructure, and demand for industrial insulation in sectors such as oil & gas, HVAC, and refrigeration are further supporting market growth.

Technological advancements in lightweight, high-performance, fire-resistant, and environmentally friendly insulation materials are improving efficiency, safety, and sustainability. Collaborations between material manufacturers, construction companies, and research institutions are fostering innovation in new insulation solutions with enhanced thermal and acoustic performance. Increasing focus on energy cost reduction, carbon footprint minimization, and sustainable building certifications is boosting adoption. Availability through diverse distribution channels and rising consumer preference for eco-friendly materials are further supporting market penetration. With continuous innovation and growing emphasis on energy conservation, the thermal insulation material market is poised for sustained global expansion.

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Thermal Insulation Material Market: Major Players

Saint-Gobain S.A., Owens Corning, BASF SE, Knauf Insulation, Rockwool International A/S, Armacell International S.A., Dow, Johns Manville, Kingspan Group and L'Isolante K-Flex S.p.A.

Segment Covered in the Thermal Insulation Material Market:

By Product
The Thermal Insulation Material Market is segmented into Fiberglass, Stone Wool/Mineral Wool, Foam, Cellulose, Aerogel, Calcium Silicate, and Others. Fiberglass leads the segment due to its superior thermal resistance, affordability, and widespread use across construction and industrial applications. Foam insulation, including polyurethane and polystyrene, is rapidly growing because of its excellent energy efficiency and lightweight properties. Stone wool and aerogel are gaining traction in high-performance insulation, driven by demand for fire resistance and superior heat control.

By Temperature Range
Based on temperature range, the market is categorized into -75°C to 16°C, 16°C to 315°C, 315°C to 815°C, and Above 815°C. The 16°C to 315°C range dominates, suitable for most building and industrial applications. High-temperature insulation materials (315°C to 815°C) are increasingly utilized in furnaces, petrochemical, and manufacturing industries. The above 815°C category addresses specialized environments such as power generation and aerospace, requiring materials with exceptional thermal stability.

By Technology
The market is divided into Radiation Cure, High Solids, Powder, Waterborne, and Others. Waterborne technologies are witnessing significant adoption due to environmental regulations and low VOC emissions. High solids and powder technologies are gaining prominence for their enhanced durability and resistance to extreme conditions. Radiation cure coatings are emerging as innovative solutions for fast-curing and energy-efficient insulation applications.

By Application
In terms of application, the market includes Flat Roof, External Wall, Internal Wall, Floor Insulation, HVAC Systems, Industrial, and Others. External wall insulation dominates due to rising energy efficiency mandates in residential and commercial buildings. HVAC systems also hold a substantial share, benefiting from global demand for thermal comfort and energy savings. Meanwhile, industrial applications such as refineries and chemical plants rely heavily on insulation materials to maintain process efficiency and safety.

By End-User
By end-user, the market is segmented into Construction, Automotive, Electronics, Medical, Retail, Consumer Goods, Furniture, and Others. The Construction sector leads, driven by stringent building energy codes and the global push for sustainable infrastructure. The Automotive industry follows, using lightweight insulation materials to improve vehicle efficiency and comfort. Additionally, electronics and medical industries adopt advanced insulation solutions for temperature-sensitive operations.

Regional Analysis

North America
North America leads the market due to well-established construction standards and strong industrial demand. The U.S. drives growth through innovation in sustainable insulation materials and government incentives for energy-efficient buildings.

Europe
Europe holds a major share, supported by stringent energy efficiency regulations such as the EU Green Deal. Countries like Germany, France, and the U.K. are key contributors, emphasizing eco-friendly insulation and retrofitting projects.

Asia Pacific
Asia Pacific is the fastest-growing region, led by rapid urbanization, infrastructure expansion, and industrial growth in China, India, and Japan. Government initiatives promoting energy conservation further fuel market demand.

South America
South America shows steady growth, particularly in Brazil and Argentina, where construction and manufacturing sectors are expanding. Growing awareness about energy savings boosts regional adoption of thermal insulation materials.

Middle East & Africa
The Middle East & Africa region is witnessing gradual growth, supported by increasing construction of smart buildings and industrial facilities. Countries like Saudi Arabia and the UAE are investing in high-performance insulation for extreme climatic conditions.

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