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Insulation Market Size

Report ID: GMI2579
Published Date: Sep 2022
Report Format: PDF

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Insulation Market Size

Insulation Market size crossed USD 49 billion in 2021 and is all set to exhibit a CAGR of over 7% between 2022 and 2030.

A significant rise in investments across the construction sector focused on the development of robust infrastructure may drive industry expansion. The massive growth in the global population and an increasing number of people migrating from rural to urban regions have pushed the requirement for adequate housing and commercial spaces.

Insulation Market

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The fast-paced urbanization and industrial growth across developed and developing economies have encouraged government and administrative authorities to make noticeable investments in infrastructure development, spurring the demand for advanced insulation systems. In addition, the increasing construction of energy-efficient buildings driven by the rising environmental concerns and growing awareness about the efficient use of resources may further strengthen the insulation market outlook.

Insulation Market Report Attributes
Report Attribute	Details
Base Year:	2021
Insulation Market Size in 2021:	USD 49 Billion
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	7.4%
2030 Value Projection:	USD 95 Billion
Historical Data for:	2018 to 2020
No. of Pages:	350
Tables, Charts & Figures:	391
Segments covered:	Product, Application
Growth Drivers:	Increase in construction spending in Asia-Pacific Construction contributes maximum to the insulation market in Europe Rising energy costs and building codes increasing insulation adoption in North America
Pitfalls & Challenges:	Building material compliances and emergence of green building products Volatile raw material prices

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Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of global insulation surpassed USD 49 billion in 2021 and is anticipated to exhibit nearly 7% CAGR during 2022 to 2030, driven by a significant rise in construction expenditure due to ongoing infrastructure development.

The plastic foam segment is speculated to depict over 7% gains through 2030 owing to the product’s superior thermal resistance, inexpensiveness, and relatively lower vulnerability to insects and moths.

The residential construction segment held more than 50% of the market share in 2021 and may exceed USD 46 billion by 2030 due to increasing household investments, rising disposable incomes, and a positive economic outlook.

Asia Pacific is set to expand at 7% CAGR and account for more than 45% of the revenues by 2030 largely due to massive population growth and emerging urbanization and industrial growth trends.

Major players partaking in the insulation industry include Owens Corning Corp, BASF, CertainTeed Corporation, Huntsman International, Dow Chemical Company, Rockwool International A/S, Knauf Gips KG, Johns Manville, Armacell International S.A., Lloyd Insulations (India), Atlas Roofing Corporation, and Duro-Last Roofing, Inc. among others.