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 the construction of green buildings are expected to drive innovation in building thermal insulation manufacturing, thus driving the market during the forecast period.

The global building thermal insulation market is expected to grow from $29.04 billion in 2022 to $30.37 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The building thermal insulation market size is expected to grow to $34.56 billion in 2027 at a CAGR of 3.3%.

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Global Building Thermal Insulation Market Segments Include:

• By Material: Foamed Plastic, Mineral Wool, Aerogels, Cellulose, Other Materials
• By Product: Glass Wool, Mineral Wool, Expanded polystyrene (EPS), Extruded polystyrene (XPS), Other Products
• By Application: Roof Insulation, Wall Insulation, Floor Insulation
• By End Use: 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, Asia Pacific is the largest region in the global building thermal insulation market in 2021.

Major Market Players in the building thermal insulation market include Johns Manville, Saint-Gobain S.A, BASF SE, Kingspan Group PLC, Owens Corning, Huntsman International LLC, Rockwool A/S.

Technological advancement is a key trend gaining popularity in the building thermal insulation market. Major companies operating in the building thermal insulation sector are focused on introducing new technologies to gain a competitive advantage. For instance, in March 2022, ACC Ltd., an India-based building material manufacturer introduced a new product called the ACC Atrium, a thermal insulating climate control concrete system manufactured by using based insulating technology a unique technology that can insulate the roof while it is being built. The product, with its thermal insulation, is suitable to be used for residential and commercial construction purposes and is sustainable and fire-resistant.

The Building Thermal Insulation Global Market Report 2023  provides a building thermal insulation market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The building thermal insulation market forecast analyzes building thermal insulation market size, building thermal insulation 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 thermal insulation refers to thermal insulation that prevents heat from moving from one substance to another when they are in thermal contact. The thermal conductivity of insulation serves as a measurement and is accomplished using low thermally conductive materials.

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