Thermal Insulation Market Projected to Reach USD 67.7 Billion by 2028
DETROIT, USA, May 21, 2025 – According to the latest analysis from Stratview Research, the global thermal insulation market is expected to reach an estimated USD 67.7 billion by 2028, growing at a compound annual growth rate (CAGR) of 3.3% between 2023 and 2028.
Key growth drivers:
• Strict energy efficiency regulations:
Governments are introducing building codes that require the use of insulation to reduce energy consumption.
• Promoting sustainable construction:
The shift towards green building is driving demand for environmentally friendly insulation materials.
• 技術革新：
Advanced insulation materials such as aerogels and phase change materials (PCMs) have emerged and are attracting attention in various industrial sectors.
Market segmentation:
• By material:
The market is segmented into fiberglass, mineral wool, plastic foam (including EPS, XPS, polyurethane, polyisocyanurate), and others, among which plastic foam is expected to continue to be the largest material segment due to its high insulation performance and versatility.
• 用途別：
The building and construction sector is expected to remain the largest application sector, driven by the need for more energy-efficient buildings.
• By region:
The Asia Pacific region is expected to lead the market growth, especially in China and India, driven by increasing urbanization and supportive government policies.
Recent industry trends:
• In April 2023, Saint-Gobain acquired Twiga Fiberglass Ltd., a leading fiberglass insulation manufacturer in India, for approximately US$51 million.
• In August 2022, Owens Corning acquired Natural Polymers, LLC, a manufacturer of spray foam insulation, for approximately $111 million.
• In June 2022, Xella Group sold its insulation business URSA to ETEX, strengthening ETEX's position in the European market.
Learn more about the key developments in the thermal insulation materials market:
主要企業：
Major players operating in this market include Owens Corning, Saint-Gobain, Rockwool International, Knauf Insulation, BASF SE, and Kingspan Group.
Stratview Research
Stratview Research is a global market research firm providing in-depth market analysis and strategic insights across industries around the world. Our industry-specific research reports are a valuable resource for businesses to make informed decisions and identify growth opportunities.
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