PUBLISHER: Grand View Research | PRODUCT CODE: 1611657
PUBLISHER: Grand View Research | PRODUCT CODE: 1611657
The global board insulation market size is expected to reach USD 16.88 billion by 2030, registering a CAGR of 3.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the increasing utilization of advanced insulating materials from the construction & building and transportation industries. Increasing awareness regarding the environmental impact created by excess use of fuel has led to the development of new advanced materials to reduce heat losses. Boards are one of the materials used for increasing energy efficiency and reducing heat losses. Thus, the increased demand for advanced insulating materials from the building and transportation industry is expected to increase in demand for boards.
Governments and regulatory bodies worldwide have been implementing stricter energy efficiency standards for buildings to reduce greenhouse gas emissions and minimize energy consumption. These regulations often specify requirements for insulation levels and thermal performance in new construction and renovation projects. Board insulation plays a critical role in meeting these requirements by effectively reducing heat transfer through walls, roofs, and floors.
Increasing construction activities, especially in the residential, commercial, and industrial sectors, drive the demand for insulation materials. As urbanization continues and the population grows, there's a need to construct more houses, offices, commercial spaces, and industrial buildings. Overall, increasing construction activities and the need to adhere to energy efficiency standards create a robust market for board insulation in the building and construction industry.
Major market players are emphasizing the use of sustainable materials for developing insulation materials such as EPS, XPS, and PUR. Manufacturers use recycled content to produce these materials. It also includes the usage of scrap-insulating materials, which results in reduced demand for new production. In addition, there has been widespread use of EPS type of material worldwide. This implies that EPS insulating material meets the highest environmental and social standards. These initiatives are expected to fuel the demand for sustainable insulating material, thereby fueling market growth.