Global insulation market is projected to reach $101.3 billion by 2025. Growth in the demand for insulation in residential and non-residential applications owing to the growing importance for energy conservation and rising energy costs are expected to trigger the growth of the market during the forecast period. Government initiatives to promote energy efficiency and sustainable development through insulating technologies are expected to further propel the insulation market growth.

On the basis of product, the insulation market has been segmented into glass wool, mineral wool, expanded polystyrene (EPS), extruded polystyrene (XPS), and others. Glass wool and EPS are estimated to hold more than 50% share in the market in 2017.

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On the basis of application, global insulation market has been segmented into residential construction, non-residential construction, industrial, heating, ventilation, and air conditioning (HVAC) & original equipment manufacturer (OEM).

Europe is estimated to hold the largest share in the insulation market, with more than 25.0% revenue contribution in 2017. The high demand for insulating materials from residential buildings is expected to drive the European insulation market growth during the forecast period.

Increasing demand in residential and non-residential construction is expected to drive the insulation market growth during the forecast period. High urbanization rates and increasing number of cities in emerging markets, especially China and India, are driving the residential infrastructure growth.

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Some of the major players operating in the global insulation industry are GAF Materials Corporation, Guardian Building Products Inc., Huntsman Corporation, Johns Manville, Cellofoam North America Inc., CertainTeed Corporation, ROCKWOOL International A/S, Dow Building Solutions, Owens Corning, Atlas Roofing Corporation, Saint-Gobain S.A., Byucksan Corporation, and Kingspan Group.

GLOBAL INSULATION MARKET SEGMENTATION

By Product

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

By Application

• Residential Construction
• Non-residential Construction
• Industrial
• HVAC & OEM

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
• Asia-Pacific
  • China
  • India
  • Japan
• Central & South America (CSA)
• Middle East & Africa (MEA)