Market Overview, The Global Building Thermal Insulation Market was valued at around 28.02 billion in 2018 and is projected to reach USD 38.64 billion with a healthy CAGR of 4.7% during the forecast period., Building thermal insulation is a method for preventing heat loss or gain through the building. It envelopes the flow of heat energy between two bodies having different temperature. Building thermal insulation materials vary in terms of color, core composition, surface finish, texture, performance and have low thermal conductivity, usually less than 0.1W/mK. Some of the materials used for thermal insulation of building are glass wool, stone wool, expanded polystyrene (EPS), extruded polystyrene (XPS), and polyurethanes (PU)., Increase in the building and construction activities around the globe is one of the major factors driving the growth of the global building thermal insulation market. Increasing concerns relating to energy conservation in buildings have surged the demand for the usage of insulation materials across the non-residential and residential sectors, thus augmenting the growth of the market during the forecast period., Furthermore, stringent government regulations acting as a catalyst for development, compelling the builders and contractors to implement advanced insulation material in building envelope and to ensure efficient energy consumption. For Instance, in 2006, Code for Sustainable Homes was launched to help reduce carbon footprint and create more sustainable homes in the UK. Additionally, rising urbanization with growing demand for thermal comfort is another reason expected to fuel the market growth during the forecast period., However, fluctuating prices of plastic foams are likely to hamper the market growth owing to changing crude oil prices in the international market as polystyrene is a derivative of crude oil., Global Building Thermal Insulation Market Share, by End-Use, 2018 (%), , Source: MRFR A

Market Overview

The Global Building Thermal Insulation Market was valued at around 28.02 billion in 2018 and is projected to reach USD 38.64 billion with a healthy CAGR of 4.7% during the forecast period.

Building thermal insulation is a method for preventing heat loss or gain through the building. It envelopes the flow of heat energy between two bodies having different temperature. Building thermal insulation materials vary in terms of color, core composition, surface finish, texture, performance and have low thermal conductivity, usually less than 0.1W/mK. Some of the materials used for thermal insulation of building are glass wool, stone wool, expanded polystyrene (EPS), extruded polystyrene (XPS), and polyurethanes (PU).

Increase in the building and construction activities around the globe is one of the major factors driving the growth of the global building thermal insulation market. Increasing concerns relating to energy conservation in buildings have surged the demand for the usage of insulation materials across the non-residential and residential sectors, thus augmenting the growth of the market during the forecast period.

Furthermore, stringent government regulations acting as a catalyst for development, compelling the builders and contractors to implement advanced insulation material in building envelope and to ensure efficient energy consumption. For Instance, in 2006, Code for Sustainable Homes was launched to help reduce carbon footprint and create more sustainable homes in the UK. Additionally, rising urbanization with growing demand for thermal comfort is another reason expected to fuel the market growth during the forecast period.

However, fluctuating prices of plastic foams are likely to hamper the market growth owing to changing crude oil prices in the international market as polystyrene is a derivative of crude oil.

Global Building Thermal Insulation Market Share, by End-Use, 2018 (%)



Source: MRFR Analysis

Regional Analysis

The global building thermal insulation market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The Europe market accounted for the largest market share in 2018 and is expected to register healthy growth during the assessment period. The growth in the regional market is attributed to the stringent regulations by agencies such as European Commission and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) which is promoting the use of thermal insulation in building envelops to lower the overall energy consumption, For instance, European commission is planning to make all building in the region, under Nearly Zero Energy Buildings (NZEBs) standards by 2020.

The Asia-Pacific market is expected to be the fastest-growing regional market during the forecast period owing to the increase in the number of construction activities in the region supported by government agencies. Furthermore, continuously growing population and rising GDP per capita in the region leads to the need for more residential and non-residential building, consuming more thermal insulation materials in the region, thus boosting the growth of the global market.

North America has a prominent share in the global building insulation thermal market. Owing to the presence of agencies such as the US Green Building Council (USGBC) and the Leadership in Energy and Environmental Design (LEED) that are encouraging the adoption of advanced insulation materials in buildings which provide a low carbon environment thus moving toward greater sustainability.

The market in the Middle East & Africa is estimated to register a steady CAGR owing to the increase in construction activities in Middle East countries such as Qatar and the UAE. For instance, Qatar is the fastest growing construction market across the Gulf region; 47 % of Qatar’s total expenditure in 2017, USD 26 Billion, was allocated for major construction projects.

The Latin American market is projected to register a steady CAGR in the coming years owing to critical climate changes and increasing global warming issues in the region, countries such as Peru and Colombia are shifting towards sustainable construction. In Latin America, the construction sector is one of the biggest emitters of greenhouse gases, responsible for 25% of carbon emissions. Thus, leading to the need for thermal insulation materials in the construction sector to reduce the carbon footprint from the environment.

Segmentation Analysis

The global building thermal insulation market has been segmented based on material type, application, end use, and region.

Based on material type, the global building thermal insulation market has been categorized into wool insulation [glass wool, stone wool], plastic foams [expanded polystyrene (EPS), extruded polystyrene (XPS), phenolic, polyurethanes (PU)] and others.

Based on material type, the global building thermal insulation market has been categorized into wall insulation [internal wall, external wall, air cavity wall], roof insulation [flat roof, pitch roof], and floor insulation.

Based on end-use, the global building thermal insulation market has been classified into residential and non-residential.

By region, the global building thermal insulation market has been studied for five key regions—Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

Key Players

Some of the key players operating in the global building thermal insulation market are johns Manville Corporation (US), Saint-Gobain SA (France), BASF SE (Germany), Kingspan Group (Ireland), Knauf Insulation (US), Owens Corning (US), Huntsman International LLC (US), Rockwool International A/S (Denmark), Firestone Building Products Company, LLC (US), Cabot Corporation (US), Dow (US), Covestro AG (Germany), URSA Insulation, SA (Spain), Paroc Group (Finland), GAF Materials LLC (US), Lapolla Industries, Inc. (US), NICHIAS Corporation (Japan), ODE Insulation (Turkey), Aspen Aerogels, Inc. (US), Trocellen GmbH (Germany), Recticel SA (Belgium), and KCC CORPORATION (South Korea).

Target Audience



Building Thermal Insulation manufacturers



Raw material suppliers



Distributors and suppliers of raw materials



Potential investors



Research institutes



Government bodies



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