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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Building Thermal Insulation Market Size
The North America building thermal insulation market reached nearly USD 12.68 billion in 2023. The market is assessed to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of around USD 19.34 by 2032.
Key Trends in the Market
Building thermal insulation encompasses a range of materials and techniques that are employed to mitigate the transmission of heat between a building's interior and exterior. Its primary purpose is to uphold a pleasant indoor temperature while minimising reliance on excessive heating or cooling methods, consequently enhancing energy efficiency.
- One of the significant North America building thermal insulation market trends is the implementation of strict building regulations and a heightened focus on improving thermal insulation in buildings to enhance their energy efficiency, driven by an increasing emphasis on energy conservation and greenhouse gas emission reduction. As a result, the demand for building thermal insulation materials in North America has surged as a direct response to these regulations and their aim to achieve better energy efficiency.
- The North America building thermal insulation market growth can be attributed to rapid advancements in insulation materials and technologies. Manufacturers are actively developing cutting-edge products that offer enhanced insulating properties, durability, and easier installation. One notable advancement includes the utilisation of aerogel insulation, which is gaining traction as it provides superior thermal resistance while maintaining a thinner profile.
- The adoption of green building practices and certifications is on the rise in North America. These initiatives promote the use of sustainable building materials and energy-efficient designs. Building thermal insulation plays a crucial role in achieving the desired energy performance goals, bolstering the North America building thermal insulation market demand.
North America Building Thermal Insulation Market Report Snapshots
North America Building Thermal Insulation Market Size
North America Building Thermal Insulation Market Analysis
North America Building Thermal Insulation Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 12.68 billion.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 19.34 billion by 2032.
The market is being driven by the increasing awareness of sustainability and rising focus on reducing energy consumption in buildings.
The key trends aiding the market demand are the rising demand for building thermal insulation materials in walls, the growing adoption of green building practices, and advancements in insulation technologies.
The major regional markets include the United States of America and Canada.
The different applications include roof, floor, and wall.
The key players in the market are BASF SE, Saint-Gobain S.A., Huntsman International LLC, GAF Materials LLC, Knauf Insulation, Owens Corning, Anco Products Incorporated, Atlas Roofing Corporation, Cellofoam North America Inc, Johns Manville, and Roxul Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124