1. What is the projected Compound Annual Growth Rate (CAGR) of the Insulation Market?
The projected CAGR is approximately 5.1%.
Insulation Market by Material (Mineral Wools (Glass Wool, Stone Wool), by Application (HVAC & OEM, Transportation, Packaging, Building & Construction, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The Insulation Market size was valued at USD 55.16 Million in 2023 and is projected to reach USD 78.13 Million by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Insulation is a term used to describe material that creates barriers for transmission of electricity, heat, moisture, shock or sound between insulated surfaces of adjacent bodies. These materials could be insulating heat, cold, electricity, sound or radiation. It has various applications which include building insulation that is used in buildings for comfort and energy savings, electrical insulation that is used to resist electricity and magnetism, insulated glass used for power-saving, acoustic insulation used to reduce the intensity of sound, thermal insulation used to reduce heat transfer.
[Image: Insulation Market Growth Chart]
North America:
Europe:
Asia-Pacific:
Latin America:
Middle East and Africa:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.1% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.1%.
Key companies in the market include Atlas Roofing Company, Cellofoam North America Inc., DuPont, Knauf Insulation, Owens Corning, Armacell S.A., Beijing New Building Material (Group) Co., Ltd., Evonik, PT. Bondor Indonesia, BYUCKSAN, Huamei Energy-saving Technology Group Co., Ltd., Johns Manville, Kaneka Corporation, KCC Corporation, Kingspan Insulation LLC, Lloyd, Luyang Energy-saving Materials Co., Ltd., NICHIAS Corporation, ROCKWOOL International A/S, U.P. Twiga Fiberglass Limited, GAF, Superglass, Reciticel Group, Ursa, Firestone Building Products, Bridgestone Chemitech Co., Ltd., K-FLEX S.p.A., Sound Seal, Huntsman International LLC.
The market segments include Material, Application.
The market size is estimated to be USD 55.16 Million Sq. Meters as of 2022.
Need for Insulation in Building & Construction Industry Will Drive Market.
Rising Need to Remove Micronutrient Deficiency from Soil to Increase the Consumption of Zinc Oxide in the Agriculture Industry.
Health Concerns Regarding Usage of Few Insulation Products May Hamper Market.
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The market size is provided in terms of value, measured in Million Sq. Meters and volume, measured in Million Sq. Meters.
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