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Building Thermal Insulation Market Trends and Forecast

The future of the global building thermal insulation market looks promising with opportunities in residential and non-residential buildings. The global building thermal insulation market is expected to reach an estimated $54.5 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growth in building and construction industry and stringent government regulations for reduction of greenhouse gas emission and to increase energy efficiency.
  • Lucintel forecasts that the fiberglass material segment is likely to experience the highest growth during the forecast period due to its environment-friendly and better flame-retardant properties.
  • Residential is expected to remain the largest market by value and volume. Growth in housing demand and increasing awareness of energy efficiency would spur growth for this segment over the forecast period.
  • Europe is expected to remain the largest market due to stringent government regulations to lower energy consumption and reduction in greenhouse gas emissions. Asia Pacific is expected to witness good growth over the forecast period because of increasing awareness of energy efficiency and growth in housing demand.