Press release
United States Technical Insulation Market to grow at 5% CAGR | North America leads with 30% Share | Top Companies - Zotefoams Plc, ETEX Group SA, Rockwool Global A/S
Technical Insulation Market
As per DataM intelligence research report "The Global Technical Insulation Market is estimated to reach at a CAGR of 5% during the forecast period (2024-2031)."
The market is driven by energy efficiency regulations across industrial, HVAC, and power sectors. Industrial applications dominate due to heat conservation and emission control needs. Infrastructure development and sustainability mandates support steady growth.
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Technical Insulation Market: Competitive Intelligence
Zotefoams Plc, ETEX Group SA, Rockwool Global A/S, Recticel NV/SA, Owens Corning, Kingspan Group Plc, Armacell Global S.A
In the Technical Insulation Market, Zotefoams Plc, ETEX Group SA, Rockwool Global A/S, Recticel NV/SA, Owens Corning, Kingspan Group Plc, and Armacell Global S.A are key players supplying advanced insulation solutions for industrial, construction, and energy applications. These companies provide foam, mineral wool, flexible, and high-performance insulation materials that improve thermal efficiency, reduce energy consumption, and enhance fire and acoustic protection. Their innovation and material expertise reinforce the Technical Insulation Market as a critical enabler of energy-efficient and sustainable infrastructure.
The market is strengthened by complementary strengths across materials, manufacturing, and application expertise. Zotefoams Plc and Recticel NV/SA focus on high-performance foam insulation for industrial and specialty applications. Rockwool Global A/S and ETEX Group SA specialize in mineral wool and fire-resistant insulation for building and industrial sectors. Owens Corning and Kingspan Group Plc provide a wide range of thermal and acoustic solutions for construction and industrial projects. Armacell Global S.A emphasizes flexible and sustainable insulation products for HVAC, refrigeration, and piping systems.
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Fund Raisings
✅ January 2026 - Johns Manville (United States)
Johns Manville secured growth capital allocation to expand its high-performance technical insulation manufacturing capacity. The investment supports rising demand from HVAC, industrial processing, and energy infrastructure projects.
✅ December 2025 - Armacell USA (United States)
Armacell USA announced internal funding approval to scale elastomeric insulation production for commercial and industrial applications. The funding focuses on energy-efficient insulation solutions aligned with U.S. sustainability standards.
✅ November 2025 - Nichias Corporation (Japan)
Nichias Corporation raised strategic investment to strengthen advanced thermal and fire-resistant insulation development. The capital supports industrial insulation applications in power generation and heavy manufacturing sectors.
Product Launches & Partnerships
✅ January 2026 - Owens Corning (United States)
Owens Corning launched next-generation mineral wool technical insulation products for industrial and HVAC applications. The new range delivers enhanced thermal resistance and improved fire performance.
✅ December 2025 - Panasonic Corporation (Japan)
Panasonic introduced advanced thermal insulation materials designed for energy-efficient commercial buildings and data centers. The products focus on heat loss reduction and long-term durability.
✅ October 2025 - Rockwool North America (United States)
Rockwool North America expanded its technical insulation portfolio for industrial piping and equipment insulation. The launch targets high-temperature and fire-critical environments.
Mergers & Acquisitions
✅ January 2026 - Johns Manville (United States)
Johns Manville acquired a regional insulation solutions provider to strengthen its technical insulation distribution network. The acquisition enhances service capabilities across industrial and commercial markets.
✅ November 2025 - Nichias Corporation (Japan)
Nichias Corporation acquired a domestic insulation technology firm specializing in high-temperature materials. The deal strengthens Nichias's position in advanced industrial insulation systems.
✅ October 2025 - Owens Corning (United States)
Owens Corning completed the acquisition of a specialty insulation manufacturer focused on industrial applications. The move expands its product portfolio and technical insulation expertise.
Segment Covered in the Technical Insulation Market:
By Type
The market is segmented into Man-made Mineral Fiber 50%, Flexible Foam 30%, and Rigid Foam 20%, with man-made mineral fiber dominating due to high thermal resistance, fire safety compliance, and broad usage across industrial, HVAC, and commercial applications. Flexible foam is growing in HVAC and refrigeration sectors, while rigid foam is gaining traction in specialized insulation applications and energy-efficient building solutions.
By Application
Applications include HVAC 30%, Industrial Processes 25%, Heating & Plumbing 20%, Acoustic 15%, and Refrigeration 10%, with HVAC leading due to high adoption in residential, commercial, and industrial sectors. Industrial process insulation is growing rapidly in energy-intensive manufacturing and chemical industries, while acoustic applications expand in commercial buildings and transport sectors.
By End-User
End-users comprise Industrial & OEM 40%, Commercial Buildings 25%, Energy 20%, and Transportation 15%, with industrial and OEM applications dominating due to high demand in manufacturing, chemical, and oil & gas facilities. Commercial buildings and energy sectors are growing steadily due to energy efficiency and regulatory requirements.
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Regional Analysis
North America - ~30% Share
North America leads with 30% share driven by stringent energy efficiency regulations, high adoption in HVAC and industrial processes, and growing demand in commercial building construction in the U.S. and Canada. Man-made mineral fiber dominates type-wise adoption.
Europe - ~25% Share
Europe holds 25% share supported by energy efficiency initiatives, industrial modernization, and stringent building codes in Germany, France, and the UK. Flexible and rigid foams are increasingly deployed in HVAC and refrigeration applications.
Asia Pacific - ~30% Share
Asia Pacific captures 30% share fueled by rapid industrialization, urbanization, and infrastructure development in China, India, and Southeast Asia. Industrial process insulation and HVAC dominate applications, with man-made mineral fiber widely used.
Latin America - ~10% Share
Latin America accounts for 10% share driven by growth in commercial and industrial construction in Brazil, Mexico, and Argentina. Flexible foam and man-made mineral fiber lead type adoption.
Middle East & Africa - ~5% Share
Middle East & Africa holds 5% share, supported by energy-intensive industries, oil & gas projects, and growing commercial building infrastructure in GCC countries and South Africa. Industrial and energy sector applications dominate demand.
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