Building Insulation Market Size, Trends and Insights By Type (Fiberglass, Mineral Wool, Cellulose, Polyurethane, Polystyrene, Others), By Application (Floor Basement, Wall, Roof Ceiling), By End User (Residential, Non-Residential), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI40037

Published Date: January 2024

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 3.8%
28B
2022
28.90B
2023
31.2B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Saint-Gobain
  • BASF SE
  • Rockwool International A/S
  • Kingspan Group
  • Knauf Insulation
  • Johns Manville
  • Others

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Reports Description

Global Building Insulation Market was valued at USD 28.90 Billion in 2023 and is expected to reach USD 31.2 Billion by 2032, at a CAGR of 3.8% during the forecast period 2023 – 2032.

Building insulation refers to the material or combination of materials used to reduce the transfer of heat between the interior and exterior of a building. The primary purpose of insulation is to improve energy efficiency by minimizing the loss of heat.

Insulation helps maintain a comfortable indoor temperature, reducing the need for excessive heating or cooling, and thereby lowering energy consumption. Common insulation materials include fiberglass, foam boards, cellulose, and reflective foils.

Insulation is typically installed in walls, roofs, floors, and other structural components of buildings to create a thermal barrier, preventing the escape of heat in cold weather and the entry of heat in warm weather.

Building Insulation Market – Significant Growth Factors

The growing building and construction industry drives market growth

The demand for building thermal insulation has increased as the building and the construction sector have grown. Thermal insulation systems in buildings keep indoor temperatures consistent by minimizing heat transmission between adjacent environments.

Furthermore, they cut carbon emissions by reducing heat transfer to the outside environment and requiring less energy to maintain temperature. It has excellent properties for building structures, including fire and impact resistance.

Thermal insulation materials are required in the architecture and construction industry due to their great energy efficiency. Furthermore, rising industrialization encourages the installation of thermal insulation systems in commercial buildings to save energy, which is expected to fuel market growth.

For instance, according to the US Census Bureau and the US Department of Housing and Urban Development, 1,295,000 housing constructions were completed. In addition, building permits are scheduled to authorize 1,724,700 housing projects in 2021.

This is 17.2% (0.6%) greater than the 2020 figure of 1,471,100. Building thermal insulation market growth is expected to be aided by rising construction projects. In addition, rising energy prices are being driven mostly by rising demand for building thermal insulation materials in both residential and commercial applications. Inefficient energy consumption has two costs.

Significant energy usage may cost the consumer a lot of money due to recent price rises. Natural resources are also depleted as a result. As a result, consumers, particularly those who live in urban areas, make an effort to insulate their homes.

Creating low-energy insulating goods like foamed plastics represents a massive commercial opportunity. Some of these products can recover insulation expenditures in as little as 12 months through energy savings. Furthermore, according to the Indian Green Building Council, good building insulation saves money while also helping the environment.

It not only reduces monthly energy costs but also enhances overall comfort. Insulation maintains a pleasant temperature by reducing heat loss and leakage.

New product launches to flourish the market

Continuous improvements are being made to enhance the effectiveness of the green building solutions and hence, building insulation systems to maximize savings on energy expenses and reduce the carbon footprint.

For instance, organizations such as Leadership in Energy and Environmental Design (LEED), the US Environment Protection Agency (EPA), and Building Research Establishment Environmental Assessment Method (BREEAM) are setting up stringent rules and regulations to accommodate the building insulation systems in all new constructions to make the buildings more sustainable which in turn is anticipated to drive the growth of the market in the upcoming years.

In March 2022, BASF expanded its graphitic expandable polystyrene (EPS) granulate portfolio. BASF launched Neopor F5 McycledTM, which contains 10% recycled material and is suitable for numerous building applications, particularly facade insulation.

The North American region currently holds the larger share of the market due to its widespread construction and building market. However, the APAC region is advancing at a rapid rate due to the development of infrastructure for the residential segment, owing to urbanization as well as a non-residential segment, due to industrialization.

The large-scale investments directed towards the development of infrastructure by governments in the Asia-Pacific nations are expected to attract innovations and progress for the building insulation materials market.

Building Insulation Market – Restraints

High cost of green insulation materials and health risks associated with usage of building insulation materials

The development of flexible and high availability of green and eco-friendly materials are the challenges that the Buildings Thermal Insulation Market faces. The high availability is linked to quality issues and cost implications, which will limit the market’s potential to grow in line with forecasts for the forecast period, which ends in 2028.

In addition, the market is hampered by a lack of awareness among the target population, which is dispersed around the globe, as well as rising demand for high-energy modules, which is preventing the market from expanding over the forecast period.

The health risks associated with the use of a few insulation materials are a major impediment to the growth of the building insulation materials market. When utilised throughout the laying process, glass wool, for instance, might irritate the eyes and respiratory system.

Carcinogen expanded and extruded polystyrenes have been prohibited during the manufacturing process due to styrene emissions. The health hazards associated with these insulating solutions, as well as the strict rules that govern their use, may limit their adoption, making market expansion difficult.

Global Building Insulation Market 2023–2032 (By End User)

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Stringent rules for approval of Building Insulation

Stringent rules for the approval of building insulation often involve regulatory measures set by government authorities to ensure the safety, quality, and compliance of Building Insulation products. These regulations are typically in place to protect consumer health, promote fair trade practices, and maintain product consistency. Some of the common aspects covered by stringent rules may include:

  • Fire Safety Standards: Building insulation materials must meet specific fire safety regulations to prevent or minimize the risk of fire. This involves assessing the flammability and smoke generation characteristics of the insulation.
  • Thermal Performance: Insulation materials are evaluated based on their thermal resistance (R-value) to ensure they meet or exceed minimum requirements for energy efficiency. Higher R-values indicate better insulation performance.
  • Energy Codes and Standards: Compliance with energy codes and standards is often a crucial aspect. Regulations may specify the acceptable levels of energy efficiency based on the location, climate, and type of building.
  • Testing and Certification: Many regions require insulation materials to undergo testing by accredited laboratories and obtain certifications to verify that they meet specific standards and regulations.

Building Insulation Market – Market Opportunities

Rising energy efficiency regulations

The escalating demand for building insulation materials due to the stringent energy efficiency regulations is contributing to the growth of the market. In line with this, governing agencies of various countries are implementing stringent regulations to combat climate change. These regulations often mandate specific insulation requirements to reduce heat loss and improve energy efficiency in buildings.

Moreover, these regulations not only create a need for insulation materials but also incentivize builders and property owners to invest in enhanced insulation to meet compliance. As a result, manufacturers of insulation materials are focusing on developing products that meet industry standards and compliance.

Apart from this, the increasing focus on improved insulation and reduced energy consumption is supporting the market growth. Furthermore, builders and contractors are adhering to building codes and energy efficiency standards while selecting and installing insulation materials.

Besides this, regulations encourage the use of innovative insulation technologies, such as spray foam, rigid foam, or advanced fiberglass insulation, that offer superior thermal performance.

Global Building Insulation Market 2023–2032 (By Application)

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Building Insulation Market – Segmentation Analysis

Building Insulation market is segmented by type, application, end-user and region.  Based on type, the market is classified into fiberglass, mineral wool, cellulose, polyurethane, polystyrene, and others. Fiberglass dominated the market in 2022 with a market share of 35% and is expected to keep its dominance during the forecast period 2024-2032.

Fiberglass significantly drives the building insulation market due to its exceptional thermal insulating properties, lightweight nature, and cost-effectiveness. Widely used in residential and commercial construction, fiberglass insulation efficiently minimizes heat transfer, reducing energy consumption for heating and cooling.

Its flexibility allows easy installation in various building components. Moreover, fiberglass is non-combustible, contributing to fire safety compliance. As a versatile and efficient insulation material, fiberglass meets stringent building codes and standards, making it a popular choice that drives market growth by providing an effective and economical solution for enhancing energy efficiency in buildings.

Based on application, the market is classified into floor basement, wall, and roof ceiling. Wall dominated the market in 2022 with a market share of 40% and is expected to keep its dominance during the forecast period 2024-2032.

The wall segment in the building insulation market is driven by diverse applications that enhance energy efficiency and comfort. Increasing demand for insulation in residential, commercial, and industrial walls arises from a focus on reducing energy consumption.

Stringent building codes and a growing awareness of sustainability further boost this trend. Insulating walls help regulate indoor temperatures, reducing the reliance on heating and cooling systems.

As a result, the market experiences growth due to the widespread adoption of insulation materials to meet the demands for thermal performance, thereby contributing to overall energy savings and environmental sustainability in diverse building applications.

Based on end users, the market is classified into residential and non-residential. The residential segment dominated the market in 2022 with a market share of 60% and is expected to keep its dominance during the forecast period 2024-2032.

The residential segment propels the building insulation market as homeowners increasingly prioritize energy efficiency and comfort. Stringent building codes and a growing awareness of sustainability drive demand for insulation to enhance thermal performance.

Homeowners seek insulation solutions to reduce energy consumption, lower utility costs, and create a more comfortable living environment. Rising concerns about climate change further amplify the importance of energy-efficient homes.

Consequently, the residential sector’s demand for building insulation materials has experienced substantial growth, fuelled by a combination of environmental consciousness, regulatory pressure, and the desire for cost-effective energy solutions.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 28.90 Billion
Projected Market Size in 2032 USD 31.2 Billion
Market Size in 2022 USD 28 Billion
CAGR Growth Rate 3.8% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Application, End User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Building Insulation Market – Regional Insight

By region, Building Insulation market is segmented into North America, Europe, Asia-Pacific and LAMEA. The Asia-Pacific dominated the global market in 2022 with a market share of 40% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

The Asia-Pacific segment propels the building insulation market due to a confluence of factors. Rapid urbanization, increased construction activities, and a growing awareness of energy efficiency drive the demand for insulation materials in the region.

Government initiatives promoting sustainable building practices and stringent energy efficiency regulations further boost the market. With a rising focus on creating environmentally responsible structures and a surge in construction projects across countries like China and India, the Asia-Pacific region plays a pivotal role in the increased adoption of building insulation solutions, contributing significantly to market growth.

Global Building Insulation Market 2023–2032 (By Billion)

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Building Insulation Market Competitive Landscape

  • Johns Manville Corporation (US) Owens Corning
  • Saint-Gobain
  • BASF SE
  • Rockwool International A/S
  • Kingspan Group
  • Knauf Insulation
  • Johns Manville
  • GAF Materials Corporation
  • DowDuPont Inc.
  • Fletcher Building Limited
  • Recticel Insulation
  • URSA Insulation
  • Armacell International S.A.
  • Beijing New Building Material (Group) Co. Ltd. (BNBM)
  • Superglass Holdings PLC
  • Huntsman Corporation
  • L’Isolante K-Flex
  • Paroc Group
  • Xtratherm Limited
  • Atlas Roofing Corporation
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

Building Insulation Market Segmentation-

By Type

  • Fiberglass
  • Mineral Wool
  • Cellulose
  • Polyurethane
  • Polystyrene
  • Others

By Application

  • Floor Basement
  • Wall
  • Roof Ceiling

By End User

  • Residential
  • Non-Residential

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Building Insulation Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Building Insulation Market: snapshot
  • Chapter 3. Global Building Insulation Market – Industry Analysis
    • 3.1 Building Insulation Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing building and construction industry drives market growth
      • 3.2.2 New product launches to flourish the market
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By End User
  • Chapter 4. Global Building Insulation Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Building Insulation Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Building Insulation Market – Type Analysis
    • 5.1 Global Building Insulation Market Overview: By Type
      • 5.1.1 Global Building Insulation Market Share, By Type, 2022 and 2032
    • 5.2 Fiberglass
      • 5.2.1 Global Building Insulation Market by Fiberglass, 2023 – 2032 (USD Billion)
    • 5.3 Mineral Wool
      • 5.3.1 Global Building Insulation Market by Mineral Wool, 2023 – 2032 (USD Billion)
    • 5.4 Cellulose
      • 5.4.1 Global Building Insulation Market by Cellulose, 2023 – 2032 (USD Billion)
    • 5.5 Polyurethane
      • 5.5.1 Global Building Insulation Market by Polyurethane, 2023 – 2032 (USD Billion)
    • 5.6 Polystyrene
      • 5.6.1 Global Building Insulation Market by Polystyrene, 2023 – 2032 (USD Billion)
    • 5.7 Others
      • 5.7.1 Global Building Insulation Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Building Insulation Market – Application Analysis
    • 6.1 Global Building Insulation Market Overview: By Application
      • 6.1.1 Global Building Insulation Market Share, By Application, 2022 and 2032
    • 6.2 Floor Basement
      • 6.2.1 Global Building Insulation Market by Floor Basement, 2023 – 2032 (USD Billion)
    • 6.3 Wall
      • 6.3.1 Global Building Insulation Market by Wall, 2023 – 2032 (USD Billion)
    • 6.4 Roof Ceiling
      • 6.4.1 Global Building Insulation Market by Roof Ceiling, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Building Insulation Market – End User Analysis
    • 7.1 Global Building Insulation Market Overview: By End User
      • 7.1.1 Global Building Insulation Market Share, By End User, 2022 and 2032
    • 7.2 Residential
      • 7.2.1 Global Building Insulation Market by Residential, 2023 – 2032 (USD Billion)
    • 7.3 Non-Residential
      • 7.3.1 Global Building Insulation Market by Non-Residential, 2023 – 2032 (USD Billion)
  • Chapter 8. Building Insulation Market – Regional Analysis
    • 8.1 Global Building Insulation Market Regional Overview
    • 8.2 Global Building Insulation Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Building Insulation Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Building Insulation Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Building Insulation Market, by Type, 2023 – 2032
      • 8.4.1 North America Building Insulation Market, by Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Building Insulation Market, by Application, 2023 – 2032
      • 8.5.1 North America Building Insulation Market, by Application, 2023 – 2032 (USD Billion)
    • 8.6 North America Building Insulation Market, by End User, 2023 – 2032
      • 8.6.1 North America Building Insulation Market, by End User, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Building Insulation Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Building Insulation Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Building Insulation Market, by Type, 2023 – 2032
      • 8.8.1 Europe Building Insulation Market, by Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Building Insulation Market, by Application, 2023 – 2032
      • 8.9.1 Europe Building Insulation Market, by Application, 2023 – 2032 (USD Billion)
    • 8.10 Europe Building Insulation Market, by End User, 2023 – 2032
      • 8.10.1 Europe Building Insulation Market, by End User, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Building Insulation Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Building Insulation Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Building Insulation Market, by Type, 2023 – 2032
      • 8.12.1 Asia Pacific Building Insulation Market, by Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Building Insulation Market, by Application, 2023 – 2032
      • 8.13.1 Asia Pacific Building Insulation Market, by Application, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Building Insulation Market, by End User, 2023 – 2032
      • 8.14.1 Asia Pacific Building Insulation Market, by End User, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Building Insulation Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Building Insulation Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Building Insulation Market, by Type, 2023 – 2032
      • 8.16.1 Latin America Building Insulation Market, by Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Building Insulation Market, by Application, 2023 – 2032
      • 8.17.1 Latin America Building Insulation Market, by Application, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Building Insulation Market, by End User, 2023 – 2032
      • 8.18.1 Latin America Building Insulation Market, by End User, 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Building Insulation Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Building Insulation Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Building Insulation Market, by Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Building Insulation Market, by Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Building Insulation Market, by Application, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Building Insulation Market, by Application, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Building Insulation Market, by End User, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Building Insulation Market, by End User, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Johns Manville Corporation (US) Owens Corning
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Saint-Gobain
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 BASF SE
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Rockwool International A/S
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Kingspan Group
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Knauf Insulation
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Johns Manville
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 GAF Materials Corporation
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 DowDuPont Inc.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Fletcher Building Limited
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Recticel Insulation
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 URSA Insulation
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Armacell International S.A.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Beijing New Building Material (Group) Co. Ltd. (BNBM)
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Superglass Holdings PLC
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Huntsman Corporation
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 L’Isolante K-Flex
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 Paroc Group
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Xtratherm Limited
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Atlas Roofing Corporation
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Johns Manville Corporation (US) Owens Corning
  • Saint-Gobain
  • BASF SE
  • Rockwool International A/S
  • Kingspan Group
  • Knauf Insulation
  • Johns Manville
  • GAF Materials Corporation
  • DowDuPont Inc.
  • Fletcher Building Limited
  • Recticel Insulation
  • URSA Insulation
  • Armacell International S.A.
  • Beijing New Building Material (Group) Co. Ltd. (BNBM)
  • Superglass Holdings PLC
  • Huntsman Corporation
  • L’Isolante K-Flex
  • Paroc Group
  • Xtratherm Limited
  • Atlas Roofing Corporation
  • Others

FAQs

Cost concerns, lack of awareness, and resistance to retrofitting are restraints for the building insulation market’s widespread adoption.

The major driver for the Building Insulation market is the Energy efficiency regulations and sustainability initiatives are major drivers for the building insulation market, promoting eco-friendly construction practices.

The “Fiberglass” category dominated the market in 2022.

The key players in the market are Johns Manville Corporation (US) Owens Corning, Saint-Gobain, BASF SE, Rockwool International A/S, Kingspan Group, Knauf Insulation, Johns Manville, GAF Materials Corporation, DowDuPont Inc., Fletcher Building Limited, Recticel Insulation, URSA Insulation, Armacell International S.A., Beijing New Building Material (Group) Co. Ltd. (BNBM), Superglass Holdings PLC, Huntsman Corporation, L’Isolante K-Flex, Paroc Group, Xtratherm Limited, Atlas Roofing Corporation, Others.

“Asia-Pacific ” had the largest share in the Building Insulation Market.

The global market is projected to grow at a CAGR of 3.8% during the forecast period, 2023-2032.

The Building Insulation Market size was valued at USD 28.90 Billion in 2023.

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