Press release
Building Thermal Insulation Market to Reach USD 37.01 Billion by 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report scope includes in-depth coverage of segmentation by material type, application type, and building type, offering actionable insights into market dynamics, demand patterns, and growth opportunities. Strategic relevance lies in enabling manufacturers, suppliers, OEMs, investors, and strategy teams to make informed decisions based on segment performance and regional demand forecasts.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/900/building-thermal-insulation-market.html#form
Market Statistics
• Market size (2022): USD 28.06 Billion
• Forecast value (2028): USD 37.01 Billion
• CAGR (2023-2028): 4.66%
• Forecast period: 2023-2028
• Base year: 2022
• Total number of segments: 4 (Material Type, Application Type, Building Type, Region)
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Material Type
• Stone Wool
• Glass Wool
• Plastic Foam (Polystyrene and PUR & PIR)
• Others
By Application Type
• Roof Insulation (Flat Roof & Pitched Roof)
• Wall Insulation (External Wall Insulation, Internal Wall Insulation, and Cavity Wall Insulation)
• Floor Insulation
By Building Type
• Residential Building
• Non-Residential Building
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
In material type, plastic foam dominated the market in 2022 due to its high thermal resistance (R-value), versatility, strength, and durability, which provide superior insulation performance compared to other materials. This dominant position emphasizes opportunities for suppliers to innovate in advanced foam formulations that deliver even greater energy savings.
For application type, wall insulation held the largest share in 2022 as walls are a primary source of energy loss in buildings and robust insulation directly reduces heat transfer. This structural advantage boosts demand for wall insulation solutions, driving suppliers to expand offerings tailored to diverse wall constructions.
Across building types, residential buildings led market demand and are expected to maintain healthy growth given expanding housing activities and renovation trends that emphasize energy efficiency in homes. This sustained lead signals strategic focus areas for insulation manufacturers targeting residential construction supply chains.
Regional Insights
North America is the dominant region in the building thermal insulation market, supported by strong construction activity, strict energy codes, and established consumption of insulation materials across residential and non-residential sectors. This dominance reflects structural demand that underscores long-term growth potential for material suppliers with regional manufacturing and distribution capabilities.
Asia-Pacific is expected to witness the highest growth during the forecast period, propelled by rapid urbanization and significant infrastructure development in China, Japan, South Korea, and India, which increases demand for energy-efficient building materials. This growth dynamic presents strategic entry opportunities for global manufacturers to expand presence and partnerships in key Asia-Pacific markets.
Market Drivers
• Expanding construction activity increases demand for energy-efficient building materials.
• Rising energy expenditure and costs encourage adoption of efficient insulation solutions.
• Policies targeting reduced greenhouse gas emissions promote thermal insulation use.
• Growing emphasis on sustainable and green building standards enhances insulation uptake.
• Advances in insulation material technologies improve performance and broaden applications.
Top Companies in the Market
• Johns Manville Corporation
• Saint-Gobain S.A.
• BASF SE
• Kingspan Group plc
• Knauf Insulation, Inc.
• Owens Corning
• Huntsman Corporation
• Rockwool International A/S
• Firestone Building Products Company
• Cabot Corporation
• Dow Chemical Company
• Covestro AG
• URSA Insulation, S.A.
• Paroc Group Oy
• Atlas Roofing Corporation
• GAF Materials Corporation
• Lapolla Industries, Inc.
• Beijing New Building Material (Group) Co., Ltd.
• NICHIAS Corporation
• Fletcher Building Limited
• ODE Industry and Trade Inc.
• Aspen Aerogels, Inc.
• Trocellen GmbH
• Recticel SA
• KCC Corporation
FAQs
1.How large will the building thermal insulation market be by 2028?
The building thermal insulation market is projected to reach USD 37.01 billion by 2028, supported by rising construction demand and energy efficiency focus.
2.What is the expected CAGR for the building thermal insulation market?
The market is forecast to grow at a CAGR of 4.66% during 2023-2028.
3.Which material type led the building thermal insulation market in 2022?
Plastic foam led due to its high thermal resistance, versatility, and durability.
4.Why is wall insulation a key application segment?
Wall insulation holds the largest share because walls contribute significantly to energy loss and effective insulation improves building energy efficiency.
5.Which region is expected to grow fastest for building thermal insulation demand?
Asia-Pacific is expected to witness the highest growth due to urbanization and infrastructure development.
Related Links:
bioplastic textile market: https://biiut.com/read-blog/26093
breathable membranes market: https://www.friend007.com/read-blog/274949
bulletproof vest market: https://sway.cloud.microsoft/AUkRcoWHofFlk4oJ
superdisintegrants market: https://velog.io/@stella_reed/Superdisintegrants-Market-Insights-Key-Drivers-Trends-and-Emerging-Opportunities
synthetic latex polymers market: https://hallbook.com.br/blogs/824727/Synthetic-Latex-Polymers-Market-Expanding-Applications-Across-Industries
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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