Insulation Market Size

Insulation Market size was over USD 58.9 billion in 2023 and is anticipated to cross USD 135.7 billion by the end of 2036, witnessing more than 7.2% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of insulation is evaluated at USD 65.9 billion.

Insulation market has a key application in cold storage and transportation. In the design phase of a cold storage facility, several factors are considered to ensure optimal temperature control and energy efficiency. These include the use of vapor barriers for the building enclosures and advanced insulation materials, with typical R-values of up to R-40+ for walls, R-60 for the roof, and R-30+ for internal walls. Appropriate insulation is necessary to prevent structural damage from moisture ingress and frost heave and incorporating HVAC systems for cold storage environments is vital for safety and compliance. Continuous development of cold chain logistics and the demand for insulation materials are fostering insulation market growth.