세계 단열재 시장 규모는 2025-2032년 예측기간 동안 4.74%의 연평균 복합 성장률(CAGR)로 확대되며, 2024년 355억 9,000만 달러에서 2032년에는 515 억 5,000만 달러로 성장할 것으로 예측되고 있습니다. 급속한 도시화와 지속가능성에 대한 의식이 높아짐에 따라 주택, 상업, 공업의 각 분야에서 혁신적인 단열재의 사용이 촉진되고 있습니다. 단열제품은 열효율이 높고 비용효율이 높기 때문에 지속가능한 재료를 사용하고자 하는 고객의 취향에 맞게 단열제품 수요를 밀어 올리고 있습니다.
규제 프레임워크과 엄격한 건축 기준법이 시행되고 있는 북미와 유럽의 성숙 시장은 수익과 기술 혁신의 면에서 계속 시장을 독점하고 있습니다. 한편, 아시아태평양은 도시화의 속도가 빠르고, 훌라 투자가 활발해지면서 큰 성장 기회를 제공합니다. 구조를 강화하기 위한 지속가능한 단열제품에 대한 사고방식의 고조도 있어 시장은 예측기간 동안 꾸준히 확대할 것으로 보입니다. 성능 단열 제품에 대한 수요를 증가시킬 것으로 보입니다.
본 보고서에서는 세계의 단열재 시장에 대해 조사했으며, 시장 개요와 함께 제품별, 용도별, 최종 사용자별, 지역별 동향 및 시장 진출기업 프로파일 등의 정보를 제공합니다.
Global thermal insulation market is projected to witness a CAGR of 4.74% during the forecast period 2025-2032, growing from USD 35.59 billion in 2024 to USD 51.55 billion in 2032. The global building insulation market is registering significant growth driven by increasing demand across different sectors, especially in building and construction. Rapid urbanization and increasing awareness of sustainability are promoting the use of innovative insulation materials in residential, commercial, and industrial sectors. Insulation products made of mineral wool, fiberglass, and plastic foam are thermally efficient and cost-effective, which aligns with the customer's preferences for using sustainable materials and boosts the demand for insulation products. Mature markets in North America and Europe, where regulatory frameworks and stringent building codes are implemented, continue to dominate the market in terms of revenue and innovation. Asia-Pacific, on the other hand, offers huge growth opportunities given its fast urbanization pace and infrastructure investments. The market will increase steadily in the forecast period because of technological development, awareness of energy-saving benefits in building construction, and the increasing demand for green buildings coupled with an increase in the idea of sustainable insulation products to enhance environmental initiatives. The growing awareness about the cost-saving benefits of energy-efficient buildings will increase the demand for high-performance insulation products. Major companies are involved in the acquisition process to innovate new products to meet the very demands of customers in the market.
For instance, in August 2022, Owens Corning acquired Natural Polymers, LLC, to strengthen Owens Corning's portfolio with sustainable solutions and expand its presence in the higher-growth segments of the insulation market. The Natural Polymers team and Owens Corning are working together on innovative product development for natural polymers. This is proven technology that provides long-term, sustainable solutions and offers customers diversified insulation products. Natural Polymers' track record of market growth is anticipated to contribute to Owens Corning's strategy to strengthen core building and construction products and expand the company's addressable markets into higher-growth segments.
Innovation and Sustainability Boosts the Market
Innovation and adoption of sustainable solutions are key drivers of growth in the global building thermal insulation market. The increasing focus on eco-friendly construction materials like bio-based insulation products, with their potential to offer excellent thermal efficiency with a significant reduction in carbon emissions, has gained popularity in recent times. Derived from renewable sources such as hemp, cellulose, and wool, these products cater to the growing demand for green building practices and a strict adherence to regulations that meet environmental norms. Additionally, new technologies in product design and manufacturing offer both insulation performance and durability and installation ease-synergies that significantly bolster market adoption. Most companies are innovating and expanding their product portfolios even more with this growing trend.
For instance, in November 2023, Kingspan Group, the global leader in high-performance insulation and building envelopes, introduced HemKor as part of its efforts to decarbonize the built environment. HemKor exemplifies Kingspan's strategy to integrate advanced material science with bio-based products and innovative solutions aimed at reducing embodied carbon emissions in construction.
New Products Boosts the Market
The introduction of new products significantly enhances the thermal insulation market by enhancing performance and sustainability. Smart insulation materials, for instance, are able to sense temperature changes, optimize energy use, and enhance indoor comfort. High-performance options such as aerogels and VIPs offer higher thermal efficiency and reduce heating and cooling costs. Furthermore, mineral wool and cellulose eco-friendly materials also cater to the growing demand for sustainable solutions. New insulation materials, such as expanded polystyrene (EPS), mineral wool, and advanced options like aerogels, are gaining traction due to their superior thermal properties and eco-friendliness. Additionally, new technologies in product design and manufacturing offer both insulation performance and durability and installation ease-synergies that significantly bolster market adoption. Most companies are innovating and expanding their product portfolios even more with this growing trend.
In November 2024, HeatCure launched India's first transparent glass coating that offers superior thermal insulation without compromising on aesthetic appeal.
The residential Sector Dominates the Market
The residential segment currently dominates the global building insulation market, mainly driven by an increasingly high demand for energy-efficient housing solutions. With the growing emphasis on increasing thermal comfort and sustainability, homeowners require insulation to improve energy performance while reducing the operation costs of their residences. Strict green building codes and regulations on sustainable construction, such as Leadership in Energy and Environmental Design (LEED) in new constructions and retrofitting projects. These regulations emphasized energy efficiency and sustainability, thereby compelling builders and property owners to install high-performance insulation products in buildings that meet stringent energy conservation standards. In response, companies are innovating and expanding their product line, along with making investments in advanced materials and technologies to meet the evolving demands of the market and improve their competitive advantage.
For instance, in March 2022, ACC Limited launched a thermal insulating climate control concrete system 'ACC Airium' in India. ACC has developed several 'products and solutions' that would assist house builders as well as a community of architects, engineers, and developers. The product with its thermal insulation properties provides an ideal solution for homes, offices, and buildings across India. In addition to this, it is sustainable and fire-resistant.
Europe Acquires the Majority Share of the Market
European Countries dominate and acquire the highest market share of the global building insulation market, driven by strict regulations on energy efficiency and the growing construction sector. The government in the European countries' commitment to sustainability and reduced carbon emissions created a demand for high-performance insulation materials, like mineral wool and expanded polystyrene (EPS). This demand for effective insulation solutions increases with the growing urbanization and the momentum of retrofitting initiatives, which makes Europe a leader in innovative building practices. In addition, the growing emphasis on green building certification and energy-efficient designs further boosts the growth of the market. Major players in the market are investing in advanced technologies and setting up plants to improve their competitive advantage while meeting the evolving demands of the market.
For instance, in January 2022, Knauf Gips KG expanded its business by setting up a new Glass Mineral Wool thermal insulation plant in Central Romania. The expansion will bring Knauf Gips KG solutions closer to customers in the rapidly growing markets of Romania, Eastern Europe, and CIS.
Future Market Scenario (2025 - 2032F)
Innovations in eco-friendly materials and installation methods will enhance product offerings, aligning with the trend towards sustainable construction.
The growing steel and aluminum industry in developing nations and various government schemes to boost the manufacturing sector in Asia-Pacific are the primary drivers and opportunities.
The Asia-Pacific is expected to see the highest growth due to rapid urbanization and infrastructure development, offering significant opportunities for manufacturers.
Government incentives for green building certifications will boost the adoption of thermal insulation products, making them essential in modern construction strategies.
Key Players Landscape and Outlook
The competitive landscape of the global building insulation market includes several established players and emerging players to gain a competitive edge in the rapidly changing industry. Key players are innovating and investing in advanced materials and sustainable solutions to ensure full compliance with stringent energy efficiency regulations and growing consumer demand for 'green' products. The market also undergoes huge activity in terms of mergers and acquisitions where firms increase their capabilities and geographic reach. In addition, new entrants highlight the sustainability and technological development of insulation materials. Companies are allocating substantial resources to continually evolve and upgrade the technological infrastructure maintaining a sustained focus on amplifying production capabilities coupled with acquiring other companies in building products domain to strengthen their portfolio
In February 2024, Saint-Gobain Group acquired CSR Limited to strengthen Saint-Gobain's position in the construction industry, particularly in Australia and the Asia-Pacific. This strategic investment is aimed at improving every product in terms of insulation, safety, and efficiency.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.