Report Feature
US Thermal Insulation Trends and Forecast
The future of the US thermal insulation market looks promising with opportunities in the residential, non-residential, industrial and plant, marine, hydroponic, and transportation markets. The US thermal insulation market is expected to reach an estimated $14.4 billion by 2030 with a CAGR of 4.4% from 2024 to 2030. The major drivers for this market are increasing adoption of green building practices, rising consumer preference for roof and wall insulation, and growth In US building and construction industry.
In the US thermal insulation market, recent developments showcase a growing emphasis on energy efficiency and sustainability. Companies like Owens Corning and Johns Manville have announced initiatives to enhance their product offerings and reduce their environmental footprint. Owens Corning, for instance, unveiled plans to expand its manufacturing capabilities for insulation products, aiming to meet the rising demand for energy-efficient solutions in residential and commercial buildings.
Government targets further fuel this momentum. government climate agenda prioritizes building energy efficiency, aiming to upgrade 4 million buildings and weatherize 2 million homes over four years. This initiative aligns with companie's goals, such as Owens Corning's commitment to reducing greenhouse gas emissions intensity by 50% by 2030.
Overall, the US thermal insulation market is witnessing a convergence of corporate and governmental efforts towards sustainability and energy efficiency, driving innovation and growth in the sector."
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
• Lucintel forecasts that mineral wool will remain the larger segment over the forecast period.
• Within this market, residential will remain the largest segment.
In the US thermal insulation market, recent developments showcase a growing emphasis on energy efficiency and sustainability. Companies like Owens Corning and Johns Manville have announced initiatives to enhance their product offerings and reduce their environmental footprint. Owens Corning, for instance, unveiled plans to expand its manufacturing capabilities for insulation products, aiming to meet the rising demand for energy-efficient solutions in residential and commercial buildings.
Government targets further fuel this momentum. government climate agenda prioritizes building energy efficiency, aiming to upgrade 4 million buildings and weatherize 2 million homes over four years. This initiative aligns with companie's goals, such as Owens Corning's commitment to reducing greenhouse gas emissions intensity by 50% by 2030.
Overall, the US thermal insulation market is witnessing a convergence of corporate and governmental efforts towards sustainability and energy efficiency, driving innovation and growth in the sector."
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
US Thermal Insulation by Segment
The study includes a forecast for the US thermal insulation by material and end use industry.
US Thermal Insulation Market by Material [Shipment Analysis by Value from 2015 to 2030]:
• Mineral Wool
• Plastic Foam
• Others
US Thermal Insulation Market by End Use Industry [Shipment Analysis by Value from 2015 to 2030]:
• Residential
• Non-Residential
• Industrial and Plant
• Marines
• Hydroponics
• Transportation
• Others
List of US Thermal Insulation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies US thermal insulation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the US thermal insulation companies profiled in this report include-
• Owens Corning
• Huntsman
• Dow Chemical
• Kingspan Group
• Saint-Gobain
• BASF
• Johns Manville
Recent Development in the US Thermal Insulation Market
"Owens Corning announced the expansion of its manufacturing facility in Joplin, Missouri, to meet the growing demand for insulation products in North America. The expansion is part of the company's strategy to enhance its production capabilities and supply chain efficiency.
Johns Manville introduced a new line of formaldehyde-free fiberglass insulation products, addressing concerns about indoor air quality and health. The company's initiative aligns with the growing demand for sustainable and environmentally friendly building materials.
Dow Chemical launched a new range of high-performance insulation materials designed to improve energy efficiency and reduce carbon emissions in buildings. The company's innovative solutions offer enhanced thermal performance while meeting sustainability goals."
Johns Manville introduced a new line of formaldehyde-free fiberglass insulation products, addressing concerns about indoor air quality and health. The company's initiative aligns with the growing demand for sustainable and environmentally friendly building materials.
Dow Chemical launched a new range of high-performance insulation materials designed to improve energy efficiency and reduce carbon emissions in buildings. The company's innovative solutions offer enhanced thermal performance while meeting sustainability goals."
Features of the US Thermal Insulation Market
- Market Size Estimates: Us thermal insulation market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments.
- Segmentation Analysis: Us thermal insulation market size by material and end use industry in terms of value ($B).
- Growth Opportunities: Analysis of growth opportunities in different material and end use industry for the US thermal insulation market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the US thermal insulation market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the US thermal insulation market size?
Answer: The US thermal insulation market is expected to reach an estimated $14.4 billion by 2030.
Q2. What is the growth forecast for US thermal insulation market?
Answer: The US thermal insulation market is expected to grow with a CAGR of 4.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the US thermal insulation market?
Answer: The major drivers for this market are increasing adoption of green building practices, rising consumer preference for roof and wall insulation and growth in us building and construction industry.
Q4. What are the major segments for US thermal insulation market?
Answer: The future of the US thermal insulation market looks promising with opportunities in the residential, non-residential, industrial and plant, marine, hydroponic, and transportation markets.
Q5. Who are the key US thermal insulation market companies?
Answer: Some of the key US thermal insulation companies are as follows:
Answer: Lucintel forecasts that mineral wool will remain the larger segment over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
Answer: The US thermal insulation market is expected to reach an estimated $14.4 billion by 2030.
Q2. What is the growth forecast for US thermal insulation market?
Answer: The US thermal insulation market is expected to grow with a CAGR of 4.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the US thermal insulation market?
Answer: The major drivers for this market are increasing adoption of green building practices, rising consumer preference for roof and wall insulation and growth in us building and construction industry.
Q4. What are the major segments for US thermal insulation market?
Answer: The future of the US thermal insulation market looks promising with opportunities in the residential, non-residential, industrial and plant, marine, hydroponic, and transportation markets.
Q5. Who are the key US thermal insulation market companies?
Answer: Some of the key US thermal insulation companies are as follows:
• Owens Corning
• Huntsman
• Dow Chemical
• Kingspan Group
• Saint-Gobain
• BASF
• Johns Manville
Q6. Which US thermal insulation market segment will be the largest in future?Answer: Lucintel forecasts that mineral wool will remain the larger segment over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the US thermal insulation market by material (mineral wool, plastic foam, and others) and end use industry (residential, non-residential, industrial and plant, marines, hydroponics, transportation, and others).
- • Which segments will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
