Insulation Market Size, Share, Trends, Industry Analysis Report: By Product, End Use, and Region

Description

List of Tables

The insulation market size is expected to reach USD 194.52 billion by 2034, according to a new study by Polaris Market Research. The report "Insulation Market Share, Size, Trends, Industry Analysis Report: By Product (Glass Wool, Mineral Wool, EPS, XPS, CMS Fibers, Calcium Silicate, and Other), End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The insulation products are used to reduce heat, sound, and electricity transfer in buildings, industrial applications, and transportation. It includes materials such as fiberglass, foam, and cellulose for energy efficiency. The insulation market growth is driven by increasing global demand for energy efficiency, sustainability and enhanced thermal performance in buildings and industrial applications. As industries and governments emphasize the need to reduce energy consumption and greenhouse gas emissions, the market demand for high-performance insulation materials has surged. This has led to market expansion across residential, commercial, and industrial sectors, supported by advancements in insulation technology and the development of eco-friendly solutions.

The rising construction industry, fueled by urbanization, infrastructure development, and stringent energy regulations promoting energy-efficient building practices, is a key driver of insulation market demand. Rising awareness about sustainable living and the adoption of green building certifications further boost the demand for insulation materials. Additionally, industrial applications, including HVAC systems, cold storage, and power plants, contribute significantly to the requirement for insulation, as these sectors need solutions to improve operational efficiency and safety.

Supportive government incentives, such as tax credits and subsidies for energy-efficient upgrades, play a crucial role in fueling the insulation market expansion. In the automotive sector, the transition to electric and hybrid vehicles has spurred the demand for thermal and acoustic insulation solutions to enhance performance and passenger comfort, offering lucrative growth opportunities for the market players.

Insulation Market Report Highlights

In terms of product, the expanded polystyrene (EPS) equipment segment accounted for the largest insulation market share in 2024 due to its superior thermal insulation properties, cost-effectiveness, and widespread use in construction.

By end use, in 2024, the construction segment accounted for the largest market share due to increasing demand for energy-efficient buildings, stringent building codes, and rapid urbanization driving residential and commercial construction activities.

In 2024, Asia Pacific accounted for the largest share of the global insulation market revenue due to infrastructure projects and growing industrialization.

The North America market is expected to witness significant growth during the forecast period owing to the rising adoption of energy-efficient insulation solutions, supportive government incentives for green building initiatives, and increasing investments in infrastructure development.

A few global key market players are DuPont, BASF, Rockwool International A/S, Owens Corning, Atlas Roofing Corp., Rockwool International A/S, Saint-Gobain S.A., Kingspan Group, Knauf Insulation, Recticel NV/SA, Covestro AG, Bridgestone Corp., and 3M.

Polaris Market Research has segmented the insulation market report on the basis of product, end use, and region:

By Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2020-2034)

Glass Wool
Mineral Wool
EPS
XPS
CMS Fibers
Calcium Silicate
Other

By End Use Outlook (Volume, Kilotons; Revenue, USD Billion, 2020-2034)

Industrial
Construction
Residential
Non-Residential
HVAC & OEM
Packaging
Transportation
Other

By Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Vietnam
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa

Product Code: PM1275

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Insulation Market Insights

4.1. Insulation Market - Market Snapshot
4.2. Insulation Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Supportive Government Incentives
  - 4.2.1.2. Growing Automotive Industry
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Fluctuating Raw Material Prices
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Insulation Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Insulation Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
5.3. Glass Wool
- 5.3.1. Global Insulation Market, by Glass Wool, by Region, 2020-2034 (Kilotons) (USD Billion)
5.4. Mineral Wool
- 5.4.1. Global Insulation Market, by Mineral Wool, by Region, 2020-2034 (Kilotons) (USD Billion)
5.5. EPS
- 5.5.1. Global Insulation Market, by EPS, by Region, 2020-2034 (Kilotons) (USD Billion)
5.6. XPS
- 5.6.1. Global Insulation Market, by XPS, by Region, 2020-2034 (Kilotons) (USD Billion)
5.7. CMS Fibers
- 5.7.1. Global Insulation Market, by CMS Fibers, by Region, 2020-2034 (Kilotons) (USD Billion)
5.8. Calcium Silicate
- 5.8.1. Global Insulation Market, by Calcium Silicate, by Region, 2020-2034 (Kilotons) (USD Billion)
5.9. Other
- 5.9.1. Global Insulation Market, by Other, by Region, 2020-2034 (Kilotons) (USD Billion)

6. Global Insulation Market, by End Use

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
6.3. Industrial
- 6.3.1. Global Insulation Market, by Industrial, by Region, 2020-2034 (Kilotons) (USD Billion)
6.4. Construction
- 6.4.1. Global Insulation Market, by Construction, by Region, 2020-2034 (Kilotons) (USD Billion)
- 6.4.2. Residential
  - 6.4.2.1. Global Insulation Market, by Residential, by Region, 2020-2034 (Kilotons) (USD Billion)
- 6.4.3. Non-residential
  - 6.4.3.1. Global Insulation Market, by Non-residential, by Region, 2020-2034 (Kilotons) (USD Billion)
6.5. HVAC &OEM
- 6.5.1. Global Insulation Market, by HVAC &OEM, by Region, 2020-2034 (Kilotons) (USD Billion)
6.6. Packaging
- 6.6.1. Global Insulation Market, by Packaging, by Region, 2020-2034 (Kilotons) (USD Billion)
6.7. Transportation
- 6.7.1. Global Insulation Market, by Transportation, by Region, 2020-2034 (Kilotons) (USD Billion)
6.8. Others
- 6.8.1. Global Insulation Market, by Others, by Region, 2020-2034 (Kilotons) (USD Billion)

7. Global Insulation Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Insulation Market Assessment, By Geography, 2020-2034 (Kilotons) (USD Billion)
7.3. Insulation Market - North America
- 7.3.1. North America: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
- 7.3.2. North America: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.3.3. Insulation Market - U.S.
  - 7.3.3.1. U.S.: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.3.3.2. U.S.: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.3.4. Insulation Market - Canada
  - 7.3.4.1. Canada: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.3.4.2. Canada: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
7.4. Insulation Market - Europe
- 7.4.1. Europe: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
- 7.4.2. Europe: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.4.3. Insulation Market - UK
  - 7.4.3.1. UK: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.4.3.2. UK: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.4.4. Insulation Market - France
  - 7.4.4.1. France: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.4.4.2. France: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.4.5. Insulation Market - Germany
  - 7.4.5.1. Germany: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.4.5.2. Germany: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.4.6. Insulation Market - Italy
  - 7.4.6.1. Italy: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.4.6.2. Italy: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.4.7. Insulation Market - Spain
  - 7.4.7.1. Spain: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.4.7.2. Spain: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.4.8. Insulation Market - Netherlands
  - 7.4.8.1. Netherlands: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.4.8.2. Netherlands: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.4.9. Insulation Market - Russia
  - 7.4.9.1. Russia: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.4.9.2. Russia: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.4.10. Insulation Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.4.10.2. Rest of Europe: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
7.5. Insulation Market - Asia Pacific
- 7.5.1. Asia Pacific: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
- 7.5.2. Asia Pacific: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.5.3. Insulation Market - China
  - 7.5.3.1. China: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.5.3.2. China: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.5.4. Insulation Market - India
  - 7.5.4.1. India: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.5.4.2. India: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.5.5. Insulation Market - Malaysia
  - 7.5.5.1. Malaysia: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.5.5.2. Malaysia: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.5.6. Insulation Market - Japan
  - 7.5.6.1. Japan: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.5.6.2. Japan: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.5.7. Insulation Market - Indonesia
  - 7.5.7.1. Indonesia: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.5.7.2. Indonesia: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.5.8. Insulation Market - South Korea
  - 7.5.8.1. South Korea: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.5.8.2. South Korea: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.5.9. Insulation Market - Australia
  - 7.5.9.1. Australia: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.5.9.2. Australia: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.5.10. Insulation Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
7.6. Insulation Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
- 7.6.2. Middle East & Africa: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.6.3. Insulation Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.6.3.2. Saudi Arabia: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.6.4. Insulation Market - UAE
  - 7.6.4.1. UAE: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.6.4.2. UAE: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.6.5. Insulation Market - Israel
  - 7.6.5.1. Israel: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.6.5.2. Israel: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.6.6. Insulation Market - South Africa
  - 7.6.6.1. South Africa: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.6.6.2. South Africa: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.6.7. Insulation Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
7.7. Insulation Market - Latin America
- 7.7.1. Latin America: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
- 7.7.2. Latin America: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.7.3. Insulation Market - Mexico
  - 7.7.3.1. Mexico: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.7.3.2. Mexico: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.7.4. Insulation Market - Brazil
  - 7.7.4.1. Brazil: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.7.4.2. Brazil: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.7.5. Insulation Market - Argentina
  - 7.7.5.1. Argentina: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.7.5.2. Argentina: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)
- 7.7.6. Insulation Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Insulation Market, by Product, 2020-2034 (Kilotons) (USD Billion)
  - 7.7.6.2. Rest of Latin America: Insulation Market, by End Use, 2020-2034 (Kilotons) (USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. DuPont
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. BASF
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Rockwool International A/S
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. Owens Corning
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Atlas Roofing Corp.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. Rockwool International A/S
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. Saint-Gobain S.A.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Kingspan Group
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. Knauf Insulation
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Recticel NV/SA
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. Covestro AG
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
9.12. Bridgestone Corp.
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
9.13. 3M
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development