Insulation Market Report by Material Type (Polystyrene, Mineral Wool, Glass Wool, Polyurethane, Calcium Silicate, and Others), Function (Thermal, Acoustic, Electric, and Others), Form (Blanket, Foam, Board, Pipe, and Others), End Use Industry (Non-Residential, Residential, Industrial & Plant Equipment, HVAC Equipment, Appliances, Transport Equipment, and Others), and Region 2024-2032

Insulation Market Report by Material Type (Polystyrene, Mineral Wool, Glass Wool, Polyurethane, Calcium Silicate, and Others), Function (Thermal, Acoustic, Electric, and Others), Form (Blanket, Foam, Board, Pipe, and Others), End Use Industry (Non-Residential, Residential, Industrial & Plant Equipment, HVAC Equipment, Appliances, Transport Equipment, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1566
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Market Overview:

The global insulation market size reached US$ 56.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 85.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.

Report Attribute
 Key Statistics 
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 56.1 Billion
Market Forecast in 2032
US$ 85.3 Billion
Market Growth Rate 2024-2032 4.6%


Insulation refers to the process of obstructing heat, electricity and sound from entering or exiting a physical space. It is achieved through the installation of insulation materials that act as a barrier for energy flow. Insulators usually have low thermal conductivity and are available in the form of mineral wool, polyethylene, polystyrene, etc. Wood-based products including hardboard and wooden doors also aid in insulation, and spray foams and adhesive strips are used to fill gaps between tiles and windows. The insulation of an area assists in reducing energy costs and moisture condensation, as well as increasing the safety and protection quotient for the individuals. It also assists in minimizing heat loss from uninsulated valves and bare pipes inside buildings, along with reducing noise pollution.

Insulation Market

Global Insulation Market Trends:

The thriving construction industry is one of the key factors driving the market growth. Over time, there has been a significant increase in industrial and residential construction projects, along with the strong growth in infrastructural development, especially in emerging nations. Furthermore, growing consumer awareness for energy conservation is also positively impacting the market growth. The rapid urbanization and increasing population have enhanced the demand for power and energy owing to which, insulation materials are being extensively incorporated in various construction projects. Additionally, there is a significant increase in the sales of cooling appliances such as air conditioners and refrigerators, which is further boosting the growth of the market. Insulation materials are increasingly being used in automobiles to minimize noise, vibrations and enhance sound absorptions. They also assist in the manufacturing of numerous parts including wiper cowls, roll pans and bumpers. Other factors such as technological advancements in thermal insulation, rising disposable incomes and various research and development (R&D) activities are also expected to drive the market in the coming years. 

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global insulation market report, along with forecasts at the global and regional levels from 2024-2032. Our report has categorized the market based on material type, function, form and end use industry.

Breakup by Material Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Polystyrene
  • Mineral Wool
  • Glass Wool
  • Polyurethane
  • Calcium Silicate
  • Others
     

Breakup by Function:

  • Thermal
  • Acoustic
  • Electric
  • Others
     

Breakup by Form:

  • Blanket
  • Foam
  • Board
  • Pipe
  • Others
     

Breakup by End Use Industry:

  • Non-Residential
  • Residential
  • Industrial & Plant Equipment
  • HVAC Equipment
  • Appliances
  • Transport Equipment
  • Others
     

Breakup by Region:

 

 
 

 

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  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being GAF, Knauf Insulation, Johns Manville, 3M Company, Owens Corning, Saint Gobain, Recticel, Kingspan Group, URSA, Rockwool Group, Atlas Roofing Corporation, BASF Polyurethanes, Byucksan Corporation, Bridgestone Corporation, etc.

IMARC Group’s latest report provides a deep insight into the global insulation market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the insulation market in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Material Type, Function, Form, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered GAF, Knauf Insulation, Johns Manville, 3M Company, Owens Corning, Saint Gobain, Recticel, Kingspan Group, URSA, Rockwool Group, Atlas Roofing Corporation, BASF Polyurethanes, Byucksan Corporation and Bridgestone Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

According to the estimates by IMARC Group, the global insulation market is expected to grow at a CAGR of 4.6% during 2024-2032.

The significant growth in the construction industry, along with the increasing sales of consumer electronics and automobiles represent some of the key drivers for the global insulation market.

With the growing environmental concerns and the increasing awareness towards energy conservation, there is a rise in the demand for green construction methods that represents one of the key trends in the global insulation market.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of various end-use industries for insulation materials, thereby negatively impacting the market growth.

On the basis of the material type, the market has been bifurcated into polystyrene, mineral wool, glass wool, polyurethane, calcium silicate, and others. Currently, polystyrene exhibits a clear dominance in the market.

On the basis of the function, the market has been divided into thermal, acoustic, electric and others. Among these, thermal represents the largest segment.

On the basis of the end use industry, the market has been segmented into non-residential, residential, industrial & plant equipment, HVAC equipment, appliances, transport equipment, and others. At present, the non-residential accounts for the majority of the market share.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.

The key companies in the global insulation market are GAF, Knauf Insulation, Johns Manville, 3M Company, Owens Corning, Saint Gobain, Recticel, Kingspan Group, URSA, Rockwool Group, Atlas Roofing Corporation, BASF Polyurethanes, Byucksan Corporation, Bridgestone Corporation, etc.

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Insulation Market Report by Material Type (Polystyrene, Mineral Wool, Glass Wool, Polyurethane, Calcium Silicate, and Others), Function (Thermal, Acoustic, Electric, and Others), Form (Blanket, Foam, Board, Pipe, and Others), End Use Industry (Non-Residential, Residential, Industrial & Plant Equipment, HVAC Equipment, Appliances, Transport Equipment, and Others), and Region 2024-2032
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