PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2105116
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2105116
The building thermal insulation market size is estimated at USD 33.59 billion in 2026 and is projected to reach USD 43.47 billion by 2031, at a CAGR of 5.29% between 2026 and 2031.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2022-2031 |
| Base Year | 2025 |
| Forecast Period | 2026-2031 |
| Units Considered | Value (USD Million/Billion) and Volume (Kiloton) |
| Segments | Material, Building Type, Application, and Region |
| Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, and South America |
"Growing demand from the construction industry is driving building thermal insulation market growth."
The growth in the building thermal insulation market is primarily driven by the expanding construction sector. This is because every new building and retrofit project requires insulation to improve energy efficiency, occupant comfort, and compliance with increasingly stringent building energy regulations. As the world witnesses global urbanization, population growth, and infrastructure investments, the number of new housing projects, office complexes, hospitals, educational institutions, and warehouses continues to rise, directly increasing the consumption of insulation materials such as stone wool, glass wool, plastic foam (EPS, XPS, polyurethane (PU/PIR), phenolic, elastomeric), and other materials such as cellulose and aerogel insulation, among others.

"In 2025, the stone wool segment accounted for the third-largest value share in the building thermal insulation market, by material."
Stone wool accounted for the third-largest share of the building thermal insulation market by value in 2025, due to its excellent thermal insulation, fire resistance, acoustic performance, and durability. These characteristics make it the preferred choice for applications where fire safety and long service life are important. Stone wool insulation is used more widely in commercial, industrial, and high-rise residential buildings.
"Floor insulation was the third-largest application of building thermal insulation in 2025, in terms of value"
In 2025, floor insulation application emerged as the third-largest segment of the building thermal insulation market. This is because it plays an important role in reducing heat loss through building foundations and improving indoor comfort, but it is not as universally installed as roof and wall insulation. Floor insulation is now increasingly being adopted in residential, commercial, and institutional buildings in developed regions of the world to enhance overall building energy performance. However, its adoption remains slow in developing nations of the world.
"Asia Pacific accounted for third-largest share in global building thermal insulation market, in terms of value, in 2025"
Asia Pacific accounted for the third-largest share of the global building thermal insulation market in 2025, driven by rapid urbanization, rising construction activity, growing adoption of energy-efficient building practices, and stronger building energy regulations across key economies such as China, Singapore, South Korea, Japan, and India, among others.
The report profiles the following key players: Kingspan Group PLC (Ireland), Knauf Insulation (Belgium), Owens Corning (US), Rockwool A/S (Denmark), Saint-Gobain SA (France), BASF SE (Germany), Dow Inc. (US), Johns Manville Corporation (US), Carlisle Companies Inc. (US), CNBM Group Co., Ltd. (China), and Soprema Group (France).
Study Coverage
This report segments the building thermal insulation market by material, building type, application, and region, and provides estimates of the overall market size (in USD Million) across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies in the building thermal insulation market.
Reasons to Buy this Report
This research report focuses on multiple levels of analysis-industry analysis (industry trends), market share analysis of top players, and company profiles-which together provide an overall view of the competitive landscape, emerging and high-growth segments of the building thermal insulation market, high-growth regions, and market drivers, restraints, and opportunities.