Thermal Insulation Market Report 2025 (Global Edition)

Global Thermal Insulation Market Report 2025 Market Size Split by Product (Glass Wool, Mineral Wool, EPS, XPS, Cellulose, Others), by Application (Roof, Walls, Floor), by Industry Vertical (Building a...

Thermal Insulation Market Report Description

We have various report editions of Thermal Insulation Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Thermal Insulation Market

The competitive landscape of the thermal insulation market is characterized by the presence of several key players operating globally and regionally. Major companies in the market include manufacturers, suppliers, and distributors of thermal insulation materials, each vying for market share through strategies such as product innovation, mergers and acquisitions, and partnerships.

Thermal Insulation Industry News

In August 2022,UPL introduced the IMAGINE insecticide in India to assist farmers in managing BPH. The product is designed to be efficient in dealing with jassids and stem borer pests. This introduction supported UPL in addressing pest infestations on paddy fields in India.

(Source:https://news.agropages.com/News/NewsDetail---43546.htm)

In May 2021,ADAMA purchased Jiangsu Huifeng Bio Agriculture Co., Ltd. to integrate Huifeng's crop protection synthesis and formulation capabilities in China and worldwide, leading to ADAMA Ltd.'s expansion in China.

(Source:https://www.adama.com/en/546/completes-acquisition-of-majority-stake-in-huifeng-s)

Top Companies Market Share in Thermal Insulation Industry: (In no particular order of Rank)

• Bayer AG (Germany)
• BASF SE (Germany)
• Yara (Norway)
• Compass Minerals (US)
• Syngenta Crop Protection AG (Switzerland)
• ADAMA (Israel)
• Sumitomo Chemicals Co. Ltd. (Japan)
• Nufarm (Australia)
• UPL (India)
• K+S Aktiengesellschaft  (Germany)
• ICL (Israel)
• Rotam (South Korea)
• Corteva (US)
• FMC Corporation (US)
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Thermal Insulation Market

Which Region Dominates the Thermal Insulation Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America stands as a dominant region in the thermal insulation market due to several key factors. Firstly, stringent building energy codes and regulations in the United States and Canada drive the adoption of thermal insulation materials in construction projects, aimed at enhancing energy efficiency and reducing carbon emissions. Secondly, the region experiences diverse climate conditions, including extreme cold in northern areas and hot summers in southern regions, creating significant demand for insulation solutions to maintain comfortable indoor temperatures year-round.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific emerges as the fastest-growing region in the thermal insulation market due to several compelling reasons. Rapid urbanization and industrial growth in countries such as China, India, and Southeast Asian nations have resulted in increased construction projects, including residential, commercial, and industrial infrastructure. The rising emphasis on energy efficiency and sustainability has fueled a growing need for thermal insulation materials to comply with strict building codes and regulations.

The current report Scope analyzes Thermal Insulation Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Thermal Insulation Market

According to Cognitive Market Research, the global Thermal Insulation market size was estimated at USD 71851.2Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 28740.48million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. In North America, the thermal insulation market exhibits robust growth driven by several factors. Segmentation analysis reveals a diverse landscape with various insulation materials such as fiberglass, mineral wool, foam boards, and others catering to different applications in industries like construction, oil and gas, automotive, and more. Residential and commercial construction projects contribute significantly to market growth, with increasing emphasis on energy efficiency and sustainability driving the demand for high-performance insulation materials. In conclusion, the North America thermal insulation market presents lucrative opportunities fuelled by the region's strong construction activity, stringent energy efficiency regulations, and growing demand from various industries.  .

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Thermal Insulations market with a market size of USD 22676.24million in 2024 and is projected to grow at a CAGR of 4.4% during the forecast period. The demand is amplified by the increase residential and commercial constructions projects contribute significantly to market growth propel consistent growth. 
• The Canada Thermal Insulations market had a market share of USD 3448.86million in 2024 and is projected to grow at a CAGR of 5.2%during the forecast period. Canada's increasing emphasis on energy efficiency and sustainability to increased usage of Thermal Insulations.
• The Mexico Thermal Insulations market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 2615.38million in 2024.

 

Europe Thermal Insulation Market

According to Cognitive Market Research, the global Thermal Insulation market size was estimated at USD 71851.2Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 21555.36million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.The thermal insulation market demonstrates a robust landscape characterized by stringent energy efficiency regulations, technological advancements, and increasing demand across various industries. Regional analysis indicates a mature market with a strong presence of key players offering a wide range of insulation materials such as glass wool, mineral wool, EPS, XPS, and others to cater to diverse applications in building and construction, automotive, aerospace, and more. Segmentation analysis reveals that thermal insulation is extensively used in roofing, walls, and floors in the construction sector, while industries such as oil and gas, chemical, and automotive rely on insulation materials for equipment and process insulation. In conclusion, the Europe thermal insulation market is poised for steady growth supported by stringent regulatory frameworks, growing environmental consciousness, and the need for energy efficiency.

• The United Kingdom Thermal Insulations market had a market share of USD 3621.30million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the UK, Thermal Insulation sales witness an upswing due to the stringent energy efficiency regulations, technological advancements, and increasing demand across various industries.
• The France Thermal Insulations market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD 1983.09million in 2024.
• According to Cognitive Market Research, the Germany Thermal Insulations market size was valued at USD 4267.96million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. In Germany, Thermal Insulation sales surge due to the increasing demand across various industries. 
• The Italy Thermal Insulations market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 1853.76million in 2024.
• The Russia Thermal Insulations market is projected to witness growth at a CAGR of 3.7%during the forecast period with a market size of USD 3341.08million in 2024.
• The Spain Thermal Insulations market is projected to witness growth at a CAGR of 3.8%during the forecast period with a market size of USD 1767.54million in 2024.
• The Luxembourg Thermal Insulations market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 668.22million in 2024.
• The Portugal Thermal Insulations market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD 452.66million in 2024.
• The Greece Thermal Insulations market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 258.66million in 2024.
• Rest of Europe Thermal Insulations market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD 3341.08million in 2024.

 

Asia Pacific Thermal Insulation Market

According to Cognitive Market Research, the global Thermal Insulation market size was estimated at USD 71851.2Million out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD16525.78million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.The thermal insulation market demonstrates dynamic growth supported by several factors. Regional analysis reveals a diverse landscape with varying insulation materials such as glass wool, mineral wool, EPS, and others catering to different applications across industries including building and construction, automotive, aerospace, and more. Segmentation analysis indicates that thermal insulation finds extensive use in roofing, wall, and floor applications in the construction sector, as well as in equipment insulation within industries like oil and gas, chemical, and automotive. In conclusion, the Asia-Pacific thermal insulation market presents significant growth prospects driven by the region's rapid economic development and increasing focus on energy efficiency. The expanding construction and industrial sectors, along with supportive government initiatives promoting sustainable building practices, are expected to fuel market expansion.

• According to Cognitive Market Research, the China Thermal Insulations market size was valued at USD 7436.60million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. Thermal Insulation sales surge in China due to the nation's expanding construction and industrial sectors.
• The JapanThermal Insulations market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 2280.56 million in 2024.
• The IndiaThermal Insulations market had a market share of USD 1983.09million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. The demand is augmented bysupportive government initiatives promoting sustainable building practices.
• The South KoreaThermal Insulations market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 1652.58 million in 2024.
• The AustraliaThermal Insulations market is projected to witness growth at a CAGR of 7.9% during the forecast period with a market size of USD 859.34 million in 2024.
• The South East AsiaThermal Insulations market is projected to witness growth at a CAGR of 9.2% during the forecast period with a market size of USD 1140.28 million in 2024.
• The Rest of Asia PacificThermal Insulations market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 1173.33million in 2024.

 

South America Thermal Insulation Market

According to Cognitive Market Research, the global Thermal Insulations market size was estimated at USD 71851.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 3592.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The thermal insulation market exhibits promising growth prospects driven by increasing awareness of energy efficiency, growing construction activities, and expanding industrial sectors. Regional analysis indicates a growing demand for thermal insulation materials such as glass wool, mineral wool, EPS, and XPS across various countries in Latin America. Segmentation analysis reveals diverse applications of thermal insulation in industries such as oil and gas, chemical, automotive, and aerospace, where insulation materials are utilized for equipment insulation, pipeline insulation, and process insulation to minimize heat loss and improve operational efficiency. In conclusion, the Latin American thermal insulation market presents lucrative opportunities for market players owing to the region's increasing focus on sustainable construction practices and energy conservation.

• According to Cognitive Market Research, the Brazil Thermal Insulations market size was valued at USD 1537.62 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. Thermal Insulation sales flourish in Brazil due to the nation's increasing awareness of energy efficiency.
• The Argentina Thermal insulation market had a market share of USD 603.55 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. The demand is augmented by Argentina's growing construction activities, and expanding industrial sectors.
• The Colombia Thermal Insulations market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 319.74 million in 2024.
• The Peru Thermal Insulations market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 294.59 million in 2024.
• The Chile Thermal Insulations market is projected to witness growth at a CAGR of 5.9% during the forecast period with a market size of USD 258.66 million in 2024.
• The Rest of Latin America Thermal Insulations market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD578.40 million in 2024.

 

Middle East Thermal Insulation Market

According to Cognitive Market Research, the global Thermal Insulation market size was estimated at USD 71851.2Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 1437.02million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.The thermal insulation market is witnessing steady growth, primarily driven by the region's rapid urbanization, infrastructural development, and increasing focus on energy efficiency. Regional analysis indicates significant demand for thermal insulation materials across various countries in the MEA region, particularly in the construction and industrial sectors. The thermal insulation market is witnessing steady growth, primarily driven by the region's rapid urbanization, infrastructural development, and increasing focus on energy efficiency. Regional analysis indicates significant demand for thermal insulation materials across various countries in the MEA region, particularly in the construction and industrial sectors. In conclusion, the MEA thermal insulation market offers promising growth prospects driven by the region's expanding construction and industrial sectors. With rising awareness about energy conservation and environmental sustainability, there is a growing demand for thermal insulation solutions to enhance building performance and meet regulatory requirements.

• According to Cognitive Market Research, the GCC Countries Thermal Insulations market size was valued at USD 615.05 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Thermal Insulation sales flourish in the GCC Countries due to the region's rapid urbanization, infrastructural development, and increasing focus on energy efficiency.
• The Egypt Thermal Insulations market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 150.89 million in 2024.
• The South Africa Thermal Insulations market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 227.05 million in 2024.Thermal Insulation sales flourish in the South Africa due to the rising awareness about energy conservation and environmental sustainability.
• The Turkey Thermal Insulations market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 123.58 million in 2024.
• The Nigeria Thermal Insulations market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 150.89million in 2024.
• The Rest of MEA Thermal Insulations market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 169.57 million in 2024.

 

Thermal Insulation Market Analysis

Thermal Insulation Market Product Segment Analysis

According to Cognitive Market Research, Glass Wool stands out as the dominating category. Glass Wool insulation offers exceptional thermal performance, fire resistance, and sound absorption properties, making it a preferred choice for various applications such as residential and commercial buildings, HVAC systems, and industrial facilities. Its dominance is primarily due to its widespread availability, cost-effectiveness, and ease of installation compared to other insulation materials. Moreover, Glass Wool is highly versatile and can be manufactured in different forms, including batts, rolls, and loose-fill, catering to diverse customer needs. These factors contribute to Glass Wool's dominance in the thermal insulation market.

EPS emerges as the fastest-growing category in the thermal insulation market. EPS offers excellent thermal insulation properties, lightweight structure, moisture resistance, and durability, making it ideal for applications in residential and commercial buildings, cold storage facilities, and packaging. The increasing focus on energy efficiency, along with stringent building regulations and codes promoting sustainable construction practices, drives the demand for EPS insulation. Additionally, advancements in EPS manufacturing technologies, such as improved production processes and enhanced product formulations, further propel its growth in the market. As a result, EPS is experiencing rapid adoption and emerges as the fastest-growing category in the thermal insulation market.

• Glass Wool
• Mineral Wool
• EPS
• XPS
• Cellulose
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Thermal Insulation Industry. Request a Free Sample PDF!

Thermal Insulation Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is often found in applications related to roofs. Proper roof insulation is essential for regulating indoor temperatures, cutting energy usage, and boosting building efficiency. It aids in blocking heat in hot areas and retaining warmth in colder areas, leading to increased energy efficiency and decreased heating and cooling expenses. Additionally, roof insulation contributes to extending the lifespan of roofing materials by minimizing thermal expansion and contraction, moisture ingress, and thermal stress. Due to these factors, roof insulation remains a top priority for building owners, contractors, and architects, making it the dominating category in the thermal insulation market.

As for the fastest-growing category, floor insulation emerges as a key segment experiencing rapid expansion. Floor insulation is becoming increasingly important as buildings strive to meet stricter energy efficiency standards and regulations. Properly insulated floors can significantly reduce heat loss through the ground, enhance thermal comfort, and lower energy bills. Moreover, with the growing popularity of underfloor heating systems, there is a rising demand for high-performance floor insulation materials to optimize heating efficiency and ensure uniform heat distribution. Additionally, advancements in construction techniques and materials have led to innovative floor insulation solutions that are easy to install, durable, and environmentally friendly, further driving the growth of this segment in the thermal insulation market.

• Roof
• Walls
• Floor

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Thermal Insulation Industry Vertical Segment Analysis

According to Cognitive Market Research, the dominating category often lies within the building and construction industry vertical. Buildings and construction projects represent a significant portion of the demand for thermal insulation materials and solutions. With increasing awareness of energy efficiency and sustainability, builders and developers prioritize the integration of thermal insulation in residential, commercial, and industrial structures. Thermal insulation is essential for maintaining indoor comfort levels, reducing energy consumption, and meeting regulatory requirements for building energy codes. The construction sector's continuous growth, coupled with the rising emphasis on green building practices, drives the demand for thermal insulation materials, making the building and construction industry the dominating category in the market.

The fastest-growing category in the thermal insulation market is the automotive industry vertical. As automotive manufacturers focus on improving vehicle fuel efficiency and reducing emissions, thermal insulation plays a crucial role in achieving these objectives. Insulating materials are utilized in automotive applications to minimize heat transfer within vehicle cabins, engine compartments, exhaust systems, and other critical components. This helps enhance passenger comfort, protect sensitive electronic systems, and optimize the performance of engines and exhaust systems. With the increasing adoption of electric and hybrid vehicles, there is a growing need for lightweight and efficient thermal insulation solutions to manage heat generated by batteries and electric drivetrains. Consequently, the automotive industry emerges as the fastest-growing category in the thermal insulation market.

• Building and Construction
• Oil and Gas
• Chemical
• Aerospace and Defense
• Automotive
• Pharmaceutical
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion