Building Thermal Insulation Market size was valued at USD 34.49 billion in 2024 and is expected to reach USD 61.89 billion by 2037, expanding at around 4.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of building thermal insulation is assessed at USD 35.84 billion.
The growth of the market can be attributed to the growing application of building thermal insulators to obtain better heat/cold protection. They are being immensely used in places with extreme climatic conditions, for insulating buildings where cooling or heating systems are used, as this can save cost and energy. Thermal insulators trap the heat of the building inside, and save the energy spent on space heaters. Moreover, they can also prevent the extreme cold or extreme heat waves from entering the building. The growing adoption of heating or cooling systems in buildings is estimated to boost the market growth. Furthermore, the mounting awareness regarding energy conservation is estimated to boost the market growth. the global rise in temperature and climate change, caused by various human activities, are also estimated to boost the market growth. According to a report by NASA, the global temperature is currently increasing by 0.2 degrees Celsius per decade, causing extreme rise and fall of temperature.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.6% |
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Base Year Market Size (2024) |
USD 34.49 billion |
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Forecast Year Market Size (2037) |
USD 61.89 billion |
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Regional Scope |
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The market is segmented by application into flat roof, external wall, internal wall, floor, and others, out of which, the external wall segment is anticipated to hold the notable share in the global building thermal insulation market over the forecast period on account of growing application of thermal insulation for blocking the harsh cold and heat out of the house, as external walls are the major point of entrance of the outdoor temperature. Similarly, the flat roof segment is also estimated to grow significantly throughout the forecast period.
Our in-depth analysis of the global market includes the following segments:
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By Material |
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By Application |
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By End-User |
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On the basis of geographical analysis, the global building thermal insulation market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Middle East and Africa industry is expected to dominate majority revenue share by 2037, attributed to high temperature, prevalence all the yearlong, along with growing industrial development in the region. The average temperature of this region is around 40 degrees Celsius, reaching a soaring high of 50 degrees in summers.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the extremely cold climatic conditions in Canada, and some areas of the United States. Similarly, the market in Europe is estimated to grow modestly throughout the forecast period, on the back of presence of extremely cold climatic conditions in countries, such as, Russia, Norway, Denmark, Iceland, Germany, UK, and others.
June, 2021: Knauf Insulation launched the first ever glass mineral wool products in rolls and slabs. The glass mineral wool solutions with ECOSE Technology are certified free of any harmful or unhealthy chemical ingredients.
Author Credits: Rajrani Baghel
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