According to the recent study the Building Thermal Insulation Market is projected to reach an estimated $55 billion by 2030 from $38.5 billion in 2023, at a CAGR of 5% from 2024 to 2030. Growth in this market is primarily driven by growth in building and construction industry and stringent government regulations for reduction of greenhouse gas emission and to increase energy efficiency.Browse 150 figures / charts and 70 tables in this 180 -page report to understand trends, opportunities and forecast in building thermal insulation market by material (plastic foam, fiberglass, stone wool, and others), application (walls, roofs, and floors), end use (residential and non-residential), and region (North America, Europe, APAC and ROW).
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Lucintel forecasts that the fiberglass material segment is likely to experience the highest growth during the forecast period due to its environment-friendly and better flame-retardant properties.
Residential is expected to remain the largest market by value and volume. Growth in housing demand and increasing awareness of energy efficiency would spur growth for this segment over the forecast period.
Europe is expected to remain the largest market due to stringent government regulations to lower energy consumption and reduction in greenhouse gas emissions. Asia Pacific is expected to witness good growth over the forecast period because of increasing awareness of energy efficiency and growth in housing demand because of increasing awareness of energy efficiency and growth in housing demand.
Owens Corning, Kingspan Group, Saint-Gobain, Rockwool, BASF are among the major building thermal insulation providers.
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Lucintel
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Email: [email protected]
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