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Insulation Market Report and Forecast 2024-2032

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    Report

  • 172 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921297
According to the report, the global insulation market is projected to grow at a CAGR of 4.2% between 2024 and 2032 reaching a value of approximate USD 85.66 billion by 2032. Aided by the increasing demand for energy-efficient solutions and the growing construction sector, the market is expected to grow significantly by 2032.

Insulation is a material designed to prevent the transfer of heat, sound, or electricity. It is widely used in various sectors, most notably in building and construction, to create energy-efficient environments. The applications for insulation materials include thermal insulation in walls, roofs, and floors, acoustic insulation, and electrical insulation in appliances and wires.

One of the primary factors driving the global insulation market growth is the increasing focus on energy efficiency. As energy costs rise and environmental awareness grows, there is a significant trend towards constructing and retrofitting buildings to be as energy-efficient as possible. Insulation plays a critical role in this, as it reduces the amount of heat loss in winter and heat gain in summer, thereby reducing energy bills and carbon footprints.

The steady growth of the global construction sector, particularly in emerging economies, is another key factor boosting the insulation market demand. New buildings, both residential and commercial, are being constructed at a rapid rate in regions such as Asia-Pacific, Latin America, and Africa. As construction codes increasingly require effective insulation, this sector’s growth directly fuels the demand for insulation materials.

The insulation market has also benefited from innovations in materials, including the development of more effective, sustainable, and user-friendly products. For example, there is growing interest in natural and recycled insulation materials that can reduce a building’s environmental impact further than traditional options. Innovations also include advanced foam insulations, which offer high performance with minimal thickness.

Government regulations are significantly influencing the insulation market outlook. In many parts of the world, increasingly stringent building codes are mandating higher levels of insulation to improve energy efficiency. This regulatory push is a significant driver for market growth, as it creates a consistent and growing demand for insulation materials.

The Asia Pacific region currently holds a significant portion of the insulation market share, driven by massive construction booms in countries like China and India. North America and Europe are also significant markets, with steady demand driven by both new construction and retrofitting of existing buildings to improve energy efficiency.

Market Segmentation

The market can be divided based on product, application, and region.

Market Breakup by Product

  • Glass Wool
  • Mineral Wool
  • EPS
  • XPS
  • CMS Fibres
  • Calcium Silicate
  • Aerogel
  • Cellulose
  • PIR (Polysio)
  • Phenolic Foam
  • Polyurethane

Market Breakup by Application

  • Infrastructure
  • Residential Construction
  • Non-Residential and Commercial Constructions
  • Industrial
  • HVAC and OEM
  • Transportation
  • Automotive
  • Marine
  • Aerospace
  • Appliances
  • Furniture
  • Packaging

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global insulation market. Some of the major players explored in the report are as follows:
  • GAF
  • Huntsman International LLC
  • Johns Manville
  • Cellofoam North America Inc.
  • ROCKWOOL International A/S
  • DuPont de Nemours, Inc.
  • Owens Corning
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Insulation Market Analysis
8.1 Key Industry Highlights
8.2 Global Insulation Historical Market (2018-2023)
8.3 Global Insulation Market Forecast (2024-2032)
8.4 Global Insulation Market by Product
8.4.1 Glass Wool
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Mineral Wool
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 EPS
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 XPS
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 CMS Fibres
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Calcium Silicate
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Aerogel
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Cellulose
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 PIR (Polysio)
8.4.9.1 Historical Trend (2018-2023)
8.4.9.2 Forecast Trend (2024-2032)
8.4.10 Phenolic Foam
8.4.10.1 Historical Trend (2018-2023)
8.4.10.2 Forecast Trend (2024-2032)
8.4.11 Polyurethane
8.4.11.1 Historical Trend (2018-2023)
8.4.11.2 Forecast Trend (2024-2032)
8.5 Global Insulation Market by Application
8.5.1 Infrastructure
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Residential Construction
8.5.1.3.2 Non-Residential and Commercial Constructions
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 HVAC and OEM
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Transportation
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.4.3 Breakup by Type
8.5.4.3.1 Automotive
8.5.4.3.2 Marine
8.5.4.3.3 Aerospace
8.5.5 Appliances
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Furniture
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Packaging
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.6 Global Insulation Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Insulation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Insulation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Insulation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Insulation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Insulation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 GAF
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Huntsman International LLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Johns Manville
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Cellofoam North America Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 ROCKWOOL International A/S
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 DuPont de Nemours, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Owens Corning
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Insulation Market: Key Industry Highlights, 2018 and 2032
2. Global Insulation Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Insulation Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Insulation Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Insulation Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Insulation Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Insulation Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Insulation Market Structure

Companies Mentioned

  • GAF
  • Huntsman International LLC
  • Johns Manville
  • Cellofoam North America Inc.
  • ROCKWOOL International A/S
  • DuPont de Nemours Inc.
  • Owens Corning

Methodology

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Table Information