The global building thermal insulation market size was US$ 24.1 billion in 2021. The global building thermal insulation market size is forecast to reach US$ 35.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.

A building's insulation refers to any object used in thermal management. A majority of insulation in buildings serves a thermal purpose, but it also applies to acoustic insulation, fire insulation, and impact insulation (for example, vibrations resulting from industrial operations). In many cases, insulation materials can perform all of these functions simultaneously. Insulate your building for both economic and environmental reasons. By installing insulation, buildings use less energy for heating and cooling, and occupants have less thermal variability. It is important to retrofit buildings with additional insulation as part of climate change mitigation, especially in areas where energy production is carbon-intensive.

Factors Influencing Market Growth

• During the construction of buildings in cold countries, thermal insulation material reduces the amount of energy needed to maintain indoor temperatures. Thermal insulation is a major driving force for the global building insulation market.
• The lack of eco-friendly insulation materials poses a challenge to the growth of the global thermal insulation market.
• There is an increasing demand for thermal insulation in cold countries due to the need to insulate buildings to prevent heat loss. It will provide a suitable market for the market for building thermal insulation.

Impact Analysis of COVID-19

Due to COVID-19, the market was negatively affected. The pandemic scenario prompted many raw material and insulating material manufacturers to extend the closure of all operations at their manufacturing facilities until they receive further directions from government authorities. The COVID-19 pandemic adversely affected the global economy, causing supply chain disruptions. Due to the delay in supplying many components from China, insulation materials' end-user industries globally ran out of components. Thus, these factors have negatively impacted the global building thermal insulation market.

Regional Insights

In terms of value, North America accounted for the largest market for building thermal insulation in 2021. Due to the enforcement of construction energy codes in the US, the building thermal insulation market has grown significantly over the last few years in response to strong demand from the housing sector. Furthermore, some of the major market players are present in the region, which plays an important role in driving the building thermal insulation market in the region.

Leading Competitors

The leading prominent companies profiled in the global building thermal insulation market are:

• Johns Manville Corporation
• Gobain S.A.
• Kingspan Group plc
• Owens Corning
• Rockwool International A/S
• Cabot Corporation
• Covestro AG
• GAF Materials Corporation
• Group Oy
• Beijing New Building Material Group Co. Limited
• Fletcher Building Limited
• Aspen Aerogels Incorporated
• Other Prominent Players

Scope of the Report

The global building thermal insulation market segmentation focuses on Type, Foam Type, End-User, and Region.

Segmentation based on Product Type

• Cellular Material
• Fibrous Material
• Granular Material

Segmentation based on Foam Type

• Rigid Board
• Rigid Foam/Foam Board
• Flexible Foam
• Sprayed Foam
• Batts
• Loose Fillers
• Barriers

Segmentation based on End-User

• Building & Construction
• Oil & Gas
• Aerospace & Aviation
• Mechanical Systems
• Clothing
• Automotive
• Industrial

Segmentation based on Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Western Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of South America

[TABLE OF CONTENTS]

1 INTRODUCTION OF GLOBAL BUILDING THERMAL INSULATION MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES

4 GLOBAL BUILDING THERMAL INSULATION MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS

5 GLOBAL BUILDING THERMAL INSULATION MARKET, BY PRODUCT TYPE
5.1 OVERVIEW
5.2 CELLULAR MATERIAL
5.3 FIBROUS MATERIAL
5.4 GRANULAR MATERIAL

6 GLOBAL BUILDING THERMAL INSULATION MARKET, BY FOAM TYPE
6.1 OVERVIEW
6.2 RIGID BOARD
6.3 RIGID FOAM/FOAM BOARD
6.4 FLEXIBLE FOAM
6.5 SPRAYED FOAM
6.6 BATTS
6.7 LOOSE FILLERS
6.8 BARRIERS

7 GLOBAL BUILDING THERMAL INSULATION MARKET, BY END-USER
7.1 OVERVIEW
7.2 BUILDING & CONSTRUCTION
7.3 OIL & GAS
7.4 AEROSPACE & AVIATION
7.5 MECHANICAL SYSTEMS
7.6 CLOTHING
7.7 AUTOMOTIVE
7.8 INDUSTRIAL

8 GLOBAL BUILDING THERMAL INSULATION MARKET, BY GEOGRAPHY
8.1 OVERVIEW

8.2 NORTH AMERICA

8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO

8.3 EUROPE

8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE

8.4 ASIA PACIFIC

8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC

8.5 MIDDLE EAST & AFRICA

8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA

8.6 SOUTH AMERICA

8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA

9 GLOBAL BUILDING THERMAL INSULATION MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES

10 COMPANY PROFILES

10.1 JOHNS MANVILLE CORPORATION
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS

10.2 GOBAIN S.A.
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS

10.3 KINGSPAN GROUP PLC
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS

10.4 OWENS CORNING
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS

10.5 ROCKWOOL INTERNATIONAL A/S
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS

10.6 CABOT CORPORATION
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS

10.7 COVESTRO AG
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS

10.8 GAF MATERIALS CORPORATION
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS

10.9 GROUP OY
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS

10.10 BEIJING NEW BUILDING MATERIAL GROUP CO. LIMITED
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS

10.11 FLETCHER BUILDING LIMITED
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS

10.12 ASPEN AEROGELS INCORPORATED
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS