Table of Contents
Overview
New York, NY – June 03, 2025 – The Global Building Thermal Insulation Market is growing fast, driven by rising demand for energy-efficient construction and stricter building regulations. The market, valued at USD 28.4 billion in 2024, is expected to reach USD 43.7 billion by 2034, expanding at a 4.4% CAGR.
In 2024, Glass Wool led the By Product segment of the Building Thermal Insulation Market, capturing a 34.8% share. The Roof segment dominated the By Application category of the Building Thermal Insulation Market with a 43.5% share. This is largely due to the focus on improving thermal efficiency in residential and commercial buildings.
The Residential segment commanded a 59.3% share of the By End-Use category in the Building Thermal Insulation Market. Rising energy costs and a focus on sustainable building practices have driven homeowners to invest in thermal insulation to minimize heat loss, reduce utility bills, and ensure comfortable indoor environments.
Key Takeaways
- Global Building Thermal Insulation Market is expected to be worth around USD 43.7 billion by 2034, up from USD 28.4 billion in 2024, and grow at a CAGR of 4.4% from 2025 to 2034.
- Glass wool accounted for a 34.8% share in the building thermal insulation market in 2024.
- Roof applications dominated with a 43.5% market share, driven by energy-efficient construction projects.
- The residential sector led with a 59.3% share, propelled by rising demand for sustainable insulation solutions.
- Increasing construction activities boost building thermal insulation demand in North America, USD 13.1 Bn.
How Growth is Impacting the Economy
- The growth of the Building Thermal Insulation Market significantly impacts the global economy by fostering energy efficiency and sustainable construction. As urbanization accelerates, particularly in North America and the Asia Pacific region, the demand for insulation materials drives job creation in manufacturing, installation, and related sectors. Reduced energy consumption in buildings lowers operational costs for homeowners and businesses, freeing up capital for other investments.
- Additionally, adherence to stringent regulations promotes innovation in eco-friendly materials, boosting R&D sectors. This market expansion supports infrastructure development, particularly in emerging economies like India and China, contributing to GDP growth. Reducing greenhouse gas emissions aligns with global sustainability goals, enhancing economic resilience through lower energy costs and improved environmental outcomes.
➤ Curious about the content? Explore a sample copy of this report – https://market.us/report/global-building-thermal-insulation-market/request-sample/
Strategies for Businesses
- Businesses in the building thermal insulation market should focus on innovation, developing eco-friendly materials like bio-based foams to meet regulatory demands. Expanding product portfolios to include high-performance options like aerogels can capture premium market segments. Strengthening distribution networks, especially in emerging markets like Asia Pacific, ensures broader reach.
- Strategic partnerships with construction firms and leveraging government incentives for green building projects can enhance market penetration. Additionally, investing in R&D for cost-effective, sustainable solutions and adopting advanced manufacturing techniques will improve competitiveness. Emphasizing certifications like LEED can attract environmentally conscious clients, driving long-term growth.
Report Scope
| Market Value (2024) | USD 28.4 Billion |
| Forecast Revenue (2034) | USD 43.7 Billion |
| CAGR (2025-2034) | 4.4% |
| Segments Covered | By Product (Glass Wool, Mineral Wool, EPS, XPS, Cellulose, PIR, Others), By Application (Roof, Walls, Floor), By End-use (Residential, Commercial) |
| Competitive Landscape | Kingspan Group PLC, Rockwool A/S, Dow Inc., CNBM Group Co. Ltd., Knauf Gips KG, Saint-Gobain SA, Johns Manville Corporation, Aspen Aerogels Inc., Owens Corning, BASF SE, GAF Materials Corporation, Huntsman International LLC, Cellofoam North America, Inc., Atlas Roofing Corporation |
➤ Directly purchase a copy of the report – https://market.us/purchase-report/?report_id=148557
Key Market Segments
By Product Analysis
- In 2024, Glass Wool led the By Product segment of the Building Thermal Insulation Market, capturing a 34.8% share. Its widespread use stems from excellent thermal insulation, cost-effectiveness, lightweight design, and ease of installation, making it a top choice for residential and commercial construction. The push for energy-efficient buildings has further driven demand for Glass Wool, valued for its ability to lower energy use and enhance acoustic insulation. As global construction activity grows, Glass Wool is expected to solidify its strong market position in the thermal insulation sector.
By Application Analysis
- In 2024, the Roof segment dominated the By Application category of the Building Thermal Insulation Market with a 43.5% share. This is largely due to the focus on improving thermal efficiency in residential and commercial buildings. Roof insulation significantly reduces heat transfer, cutting energy costs and enhancing sustainability, especially in regions with extreme climates. Stringent building codes and a growing emphasis on energy conservation have spurred widespread adoption of roof insulation. With ongoing construction and increasing demand for energy-efficient materials, the Roof segment is set to maintain its market leadership.
By End-Use Analysis
- In 2024, the Residential segment commanded a 59.3% share of the By End-Use category in the Building Thermal Insulation Market. Rising energy costs and a focus on sustainable building practices have driven homeowners to invest in thermal insulation to minimize heat loss, reduce utility bills, and ensure comfortable indoor environments. Strict energy efficiency regulations and the rise of green building initiatives, particularly in developed regions, have further boosted demand. As urbanization and residential construction expand globally, the Residential segment is poised to retain its dominant position, supported by efforts to enhance energy efficiency and indoor comfort.
Regional Analysis
- In 2024, North America led the Building Thermal Insulation Market with a 46.2% share, valued at USD 13.1 billion, driven by rigorous energy efficiency standards and robust construction activity in the U.S. and Canada. The use of advanced insulation materials in both residential and commercial projects has fueled growth.
- Europe follows, supported by extensive retrofitting and strict building codes aimed at reducing energy use. Asia Pacific is experiencing rapid growth due to expanding construction in countries like China and India. The Middle East & Africa and Latin America, while holding smaller shares, show strong potential due to increasing infrastructure development and urbanization.
Recent Developments
1. Kingspan Group PLC
- Kingspan has launched “QuadCore LEC”, a low-carbon insulation board, reducing embodied carbon. The company is also expanding its recycled content insulation range to support sustainability goals. Kingspan aims to achieve net-zero manufacturing.
2. Rockwool A/S
- Rockwool introduced “Rockwool Carbon Sink”, a carbon-negative stone wool insulation. The company is investing in a new North American factory to meet rising demand. They also focus on fire-safe and acoustic insulation solutions.
3. Dow Inc.
- Dow launched “V PLUS Perform”, a next-gen PU foam insulation with better thermal efficiency. The company is collaborating with builders to enhance energy-efficient housing projects in Europe and Asia.
4. CNBM Group Co. Ltd.
- CNBM is expanding its glass wool and rock wool production in China, targeting green building certifications. The company is also investing in recyclable insulation materials to reduce waste.
5. Knauf Gips KG
- Knauf introduced “Knauf Insulation ECOSE Technology”, a bio-based binder for eco-friendly mineral wool. The company is also enhancing fire-resistant insulation for high-rise buildings.
Conclusion
The Building Thermal Insulation Market shows strong growth, driven by the rising need for energy-efficient buildings. Glass Wool leads as the top product due to its affordability and excellent insulation properties, while roof insulation dominates applications for its role in cutting energy costs. The residential sector holds the largest share, fueled by homeowners’ focus on sustainability and lower utility bills. North America remains the market leader, but Asia Pacific is quickly catching up with booming construction. As global demand for eco-friendly and cost-saving solutions grows, the thermal insulation market is set to expand steadily, offering exciting opportunities for innovation and investment.
Discuss Your Needs With Our Analyst
Please share your requirements with more details so our analyst can check if they can solve your problem(s)
