Argentina Building Thermal Insulation Market Size & Outlook
Argentina building thermal insulation market, 2018-2030 (US$M)
Related Markets
Argentina building thermal insulation market highlights
- The Argentina building thermal insulation market generated a revenue of USD 108.4 million in 2022 and is expected to reach USD 173.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6% from 2023 to 2030.
- In terms of segment, glass wool was the largest revenue generating product in 2022.
- EPS is the most lucrative product segment registering the fastest growth during the forecast period.
Building thermal insulation market data book summary
| Market revenue in 2022 | USD 108.4 million |
| Market revenue in 2030 | USD 173.0 million |
| Growth rate | 6% (CAGR from 2022 to 2030) |
| Largest segment | Glass wool |
| Fastest growing segment | EPS |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glass Wool, Mineral Wool, EPS, XPS, Cellulose, PIR, PUR |
| Key market players worldwide | Rockwool AS Class B, GAF, Guardian Capital Group Ltd, Huntsman Corp, Johns Manville, Atlas Roofing, CertainTeed Corporation, Dow Building Solutions, Owens-Corning Inc, Compagnie de Saint-Gobain SA, Kingspan Group PLC, Cellofoam, Rockwool, Byucksan, BASF |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global building thermal insulation market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil building thermal insulation market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 173.0 million by 2030.
Glass wool was the largest segment with a revenue share of 41.61% in 2022. Horizon Databook has segmented the Argentina building thermal insulation market based on glass wool, mineral wool, eps, xps, cellulose, pir, pur covering the revenue growth of each sub-segment from 2018 to 2030.
The construction sector in Argentina witnessed a diminishing growth over the past few years on account of the high inflation, currency deflation, and depressed business environment. This resulted in the reduction of private and public sector investments in the construction industry, thereby impacting the sector growth negatively.
The improving economic conditions in the country is expected to support the growth in the construction industry over the forecast period, with improvements in investment and business confidence. The country’s population is expected to reach 9.2 billion by 2050 owing to the rising standard of living which has resulted in higher life expectancy, thereby driving the construction sector demand.
The residential sector in Argentina is expected to witness a sluggish growth on account of high inflation causing a rise in the land prices and construction cost. In addition, the commercial office market is witnessing a similar decline owing to the reducing business activities in the country.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina building thermal insulation market size, by product, 2018-2030 (US$M)
Argentina Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
