Thermal Insulation Material Market is expected to reach US$ 127.7 billion by 2031 | Major key players - Saint-Gobain S.A., Owens Corning, BASF SE.

Market Size and Growth:

The Global Thermal Insulation Material Market Size 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. The Market is growing due to rising construction activities, increasing energy efficiency regulations, and higher demand for sustainable and cost-effective insulation solutions. According to DataM Intelligence Report.

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The Thermal Insulation Material Market refers to the global industry involved in the production, distribution, and application of materials designed to reduce heat transfer and enhance energy efficiency in buildings, industrial equipment, and transportation. It includes materials such as fiberglass, foam, aerogels, and mineral wool, driven by rising energy costs, stringent environmental regulations, and demand for sustainable construction solutions.

Industry Recent Developments: United States

✅ September 2025: Johns Manville introduced spray foam insulation with enhanced thermal performance and moisture resistance, designed for both retrofit and new construction projects, improving energy savings and indoor comfort.

✅ October 2025: Owens Corning launched advanced thermal insulation panels for commercial and residential buildings featuring improved R-values and fire resistance, supporting sustainable construction and green building initiatives.

✅ November 2025: U.S. manufacturers introduced next-generation fireproof insulation materials using advanced mineral wool and ceramic fiber, enhancing fire resistance and reducing environmental impact during production.

Industry Recent Developments: Japan

✅ September 2025: Nichias Corporation released eco-friendly fiberglass and mineral wool insulation materials for industrial and residential applications, emphasizing high thermal performance and soundproofing to support sustainable construction practices.

✅ October 2025: Fujibo expanded its thermal insulation offerings with next-generation heat-reflective boards aimed at improving energy efficiency and reducing heating and cooling costs, aligning with Japan's environmental and energy conservation goals.

✅ November 2025: The Japan subsea thermal insulation material market was projected to grow, with key companies advancing product development to meet increasing demand in infrastructure and manufacturing sectors.

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Major Key Players:

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

Market Growth Drivers:

✅ Stringent Energy Efficiency Regulations: Governments worldwide enforce policies and building codes to reduce energy consumption in construction and industry, boosting demand for high-performance insulation.​

✅ Rising Demand for Sustainable Buildings: Urbanization and green building initiatives drive adoption of eco-friendly insulation materials that lower carbon emissions and support energy savings.​

✅ Increasing Construction and Industrial Activity: Rapid global urbanization, along with needs in HVAC and manufacturing, fuels market expansion as insulation becomes essential for thermal management.​

Segments Covered in the Thermal Insulation Material Market:

By Product: Fiberglass, Stone Wool/Mineral Wool, Foam, Cellulose, Aerogel, Calcium Silicate, Others.

By Temperature Range: -75°C to 16°C, 16°C to 315°C, 315°C to 815°C, Above 815°C.

By Technology: Radiation Cure, High Solids, Powder, Waterborne, Others.

By Application: Flat Roof, External Wall, Internal Wall, Floor Insulation, HVAC Systems, Industrial, Others.

By End-User: Construction, Automotive, Electronics, Medical, Retail, Consumer Goods, Furniture, Others.

Regional Analysis for Thermal Insulation Material Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Thermal Insulation Material market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Thermal Insulation Material Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Thermal Insulation Material market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Thermal Insulation Material Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Thermal Insulation Material market?

➠ Who are the global key manufacturers of the Thermal Insulation Material Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Thermal Insulation Material market opportunities and threats faced by the vendors in the global Thermal Insulation Material Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Thermal Insulation Material market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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