The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increase in construction activities are expected to drive innovation in building insulation materials manufacturing, thus driving the market during the forecast period.

The global building insulation materials market is expected to grow from $25 billion in 2022 to $26.12 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The building insulation materials market size is expected to grow to $29.12 billion in 2027 at a CAGR of 2.8%.

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Global Building Insulation Materials Market Segments Include:

• By Material: Fiberglass, Mineral Wool, Cellulose, Polyurethane Foam, Polyisocyanurate Foam, Polystyrene, Aerogels, Other materials
• By Insulation: Bulk, Reflective
• By Application: Wall Insulation, Underfloor Insulation, Ceiling or Roof Insulation, Window Insulation, Other Applications
• By End User: Residential, Commercial, Industrial
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global building insulation materials market in 2021.

Major Market Players in the building insulation materials market include Compagnie de Saint-Gobain S.A., BASF SE, Kingspan Group plc, Knauf Insulation Inc., Owens Corning, Huntsman Corporation, Rockwool A/S.

Technological innovations have emerged as a key trend gaining popularity in the building insulation materials market. Major companies operating in the building insulation materials market are focused on innovating new technologies to sustain their position in the market. For instance, in January 2021, Armacell, a Luxembourg-based manufacturer and supplier of industrial foams and flexible insulation materials launched a new AF/ArmaFlex generation, which satisfies fire class B/BL-s2, d0 and increases fire safety in buildings. The new elastomeric foam technology increases visibility in the event of a fire, which increases the amount of time that is available to evacuate a structure. In the event of a fire, its smoke quickly spreads throughout the structure, obstructing escape and rescue routes and reducing sight. In comparison to other flexible elastomeric foam materials, AF/ArmaFlex Evo emits 50% less smoke, giving inhabitants more time to leave the structure and improving access for rescue crews.

The Building Insulation Materials Global Market Report 2023 provides a building insulation materials market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The building insulation materials market forecast analyzes building insulation materials market size, building insulation materials market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Building insulation materials refer to a substance made to stop heat or sound transferring from one place to another. It is typically used to confine heat and/or sound to particular areas of home or to keep them inside or outside.

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