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North America Building Thermal Insulation Market Size, Share: By Product: Glass Wool, Mineral Wool, PU Foam, EPS, XPS, Cellulose, Others; By Application: Roof, Floor, Wall; By End Use: Residential, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
North America Building Thermal Insulation Market Outlook
The North America building thermal insulation market size reached nearly USD 12.68 billion in 2023. The market is assessed to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of around USD 19.34 by 2032.
| North America Building Thermal Insulation Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 12.68 |
| Market Size 2032 | USD Billion | 19.34 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.8% |
| CAGR 2024-2032 - Market by Region | Canada | 4.9% |
| CAGR 2024-2032 - Market by Application | Wall | 5.3% |
| CAGR 2024-2032 - Market by End Use | Commercial | 5.4% |
| Market Share by Country 2023 | USA | 91.7% |
Key Trends in the Market
Building thermal insulation encompasses a range of materials and techniques that are employed to mitigate the transmission of heat between a building's interior and exterior. Its primary purpose is to uphold a pleasant indoor temperature while minimising reliance on excessive heating or cooling methods, consequently enhancing energy efficiency.
- One of the significant North America building thermal insulation market trends is the implementation of strict building regulations and a heightened focus on improving thermal insulation in buildings to enhance their energy efficiency, driven by an increasing emphasis on energy conservation and greenhouse gas emission reduction. As a result, the demand for building thermal insulation materials in North America has surged as a direct response to these regulations and their aim to achieve better energy efficiency.
- The North America building thermal insulation market growth can be attributed to rapid advancements in insulation materials and technologies. Manufacturers are actively developing cutting-edge products that offer enhanced insulating properties, durability, and easier installation. One notable advancement includes the utilisation of aerogel insulation, which is gaining traction as it provides superior thermal resistance while maintaining a thinner profile.
- The adoption of green building practices and certifications is on the rise in North America. These initiatives promote the use of sustainable building materials and energy-efficient designs. Building thermal insulation plays a crucial role in achieving the desired energy performance goals, bolstering the North America building thermal insulation market demand.
Market Analysis
Based on product, the market is segmented into glass wool, mineral wool, PU foam, EPS, XPS, and cellulose, among others. On the basis of application, the North America building thermal insulation market segmentation includes roof, floor, and wall. The market, based on end-use, is bifurcated into residential and commercial. The major regional markets for building thermal insulation in North America are the United States of America and Canada.
| CAGR 2024-2032 - Market by | End Use |
| Commercial | 5.4% |
| Residential | XX% |
| CAGR 2024-2032 - Market by | Country |
| Canada | 4.9% |
| USA | XX% |
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America building thermal insulation market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- BASF SE
- Saint-Gobain S.A.
- Huntsman International LLC
- GAF Materials LLC
- Knauf Insulation
- Owens Corning
- Anco Products Incorporated
- Atlas Roofing Corporation
- Cellofoam North America Inc
- Johns Manville
- Roxul Inc.
- Others
Market Share by Product
According to the North America building thermal insulation market analysis, glass wool is likely to hold a significant portion of the market during the forecast period. Glass wool is produced through a process involving the heating of silica sand at temperatures ranging from 1200ºC to 1250ºC, resulting in the transformation of the sand into fibres.
| 2023 Market Share by | Country |
| USA | 91.7% |
| Canada | XX% |
This versatile material can be manufactured in various forms such as pipes, boards, and blankets, each tailored to possess specific technical characteristics suitable for diverse applications. It has remarkable qualities, one of them being its ability to provide both thermal and acoustic insulation, thus contributing to energy efficiency and ensuring safety against fires in buildings.
Market Share by Application
The wall segment is likely to account for a majority of the North America building thermal insulation market share in the coming years. When it comes to external thermal wall coatings, mineral and XPS materials have gained significant popularity due to their affordability, strong resilience, and ease of installation. The insulation of walls plays a crucial role in enhancing the energy efficiency of buildings.
| CAGR 2024-2032 - Market by | Application |
| Wall | 5.3% |
| Roof | 5.0% |
| Floor | XX% |
By combining thermal insulation for walls with insulated roofs, a protective envelope is formed, effectively preventing heat transfer from the external environment through conduction and radiation.
Competitive Landscape
BASF SE also known as BASF, is a global chemical company based in Ludwigshafen, Germany. It holds a prominent position as one of the world's largest chemical producers and operates across various sectors such as chemicals, industrial solutions, and agricultural Solutions.
Saint-Gobain S.A., headquartered in Courbevoie, France, is a renowned multinational manufacturer that excels in the design, production, and distribution of a wide range of materials and solutions. With a dominant global presence, Saint-Gobain holds a leading position in the construction, automotive, and industrial markets.
Huntsman International LLC is one of the major American multinational companies specialising in the manufacturing of chemicals. With its establishment in 1970, Huntsman has solidified its position in the chemical sector and maintains its headquarters in Texas, the United States.
Other North America building thermal insulation market players include GAF Materials LLC, Knauf Insulation, Owens Corning, Anco Products Incorporated, Atlas Roofing Corporation, Cellofoam North America Inc, Johns Manville, and Roxul Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Building Thermal Insulation Market Overview
8.1 Key Industry Highlights
8.2 Global Building Thermal Insulation Historical Market (2018-2023)
8.3 Global Building Thermal Insulation Market Forecast (2024-2032)
8.4 Global Building Thermal Insulation Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Building Thermal Insulation Market Overview
9.1 Key Industry Highlights
9.2 North America Building Thermal Insulation Historical Market (2018-2023)
9.3 North America Building Thermal Insulation Market Forecast (2024-2032)
10 North America Building Thermal Insulation Market by Product
10.1 Glass Wool
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Mineral Wool
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 PU Foam
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 EPS
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 XPS
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Cellulose
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Others
11 North America Building Thermal Insulation Market by Application
11.1 Roof
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Floor
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Wall
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 North America Building Thermal Insulation Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Building Thermal Insulation Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Saint-Gobain S.A.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Huntsman International LLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 GAF Materials LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Knauf Insulation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Owens Corning
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Anco Products Incorporated
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Atlas Roofing Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Cellofoam North America Inc
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Johns Manville
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Roxul Inc.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Building Thermal Insulation Market: Key Industry Highlights, 2018 and 2032
2. North America Building Thermal Insulation Market: Key Industry Highlights, 2018 and 2032
3. North America Building Thermal Insulation Historical Market: Breakup by Product (USD Billion), 2018-2023
4. North America Building Thermal Insulation Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. North America Building Thermal Insulation Historical Market: Breakup by Application (USD Billion), 2018-2023
6. North America Building Thermal Insulation Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. North America Building Thermal Insulation Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. North America Building Thermal Insulation Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. North America Building Thermal Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Building Thermal Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. North America Building Thermal Insulation Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 12.68 billion.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 19.34 billion by 2032.
The market is being driven by the increasing awareness of sustainability and rising focus on reducing energy consumption in buildings.
The key trends aiding the market demand are the rising demand for building thermal insulation materials in walls, the growing adoption of green building practices, and advancements in insulation technologies.
The major regional markets include the United States of America and Canada.
The different applications include roof, floor, and wall.
The key players in the market are BASF SE, Saint-Gobain S.A., Huntsman International LLC, GAF Materials LLC, Knauf Insulation, Owens Corning, Anco Products Incorporated, Atlas Roofing Corporation, Cellofoam North America Inc, Johns Manville, and Roxul Inc., among others.
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