Market Overview:
The global insulation market size reached USD 58.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 86.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.4% during 2025-2033.
Report Attribute
|
Key Statistics
|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
|
USD 58.7 Billion |
Market Forecast in 2033
|
USD 86.7 Billion |
Market Growth Rate 2025-2033 |
4.4% |
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.
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.
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 2025-2033. Our report has categorized the market based on material type, function, form and end use industry.
Breakup by Material Type:
- 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:
- 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 |
2024 |
Historical Period |
2019-2024 |
Forecast Period |
2025-2033 |
Units |
Billion USD |
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 |
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) |