India Building Thermal Insulation Market Size & Outlook
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India building thermal insulation market highlights
- The India building thermal insulation market generated a revenue of USD 821.6 million in 2024 and is expected to reach USD 1,319.4 million by 2030.
- The India market is expected to grow at a CAGR of 8.3% from 2025 to 2030.
- In terms of segment, eps was the largest revenue generating product in 2024.
- 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 2024 | USD 821.6 million |
| Market revenue in 2030 | USD 1,319.4 million |
| Growth rate | 8.3% (CAGR from 2025 to 2030) |
| Largest segment | Eps |
| Fastest growing segment | EPS |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral Wool, EPS, Glass Wool, Cellulose, XPS, 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, India accounted for 3.1% of the global building thermal insulation market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China building thermal insulation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,319.4 million by 2030.
Eps was the largest segment with a revenue share of 33.61% in 2024. Horizon Databook has segmented the India building thermal insulation market based on mineral wool, eps, glass wool, cellulose, xps, pir, pur covering the revenue growth of each sub-segment from 2018 to 2030.
Improved GDP, significant population growth, and expanding industrial sector are the critical factors driving the growth of construction sector in India. Increasing foreign direct investments in the country and a rise in the number of foreign companies entering the Indian market are expected to further boost the growth of this sector.
Government initiatives to develop smart cities are anticipated to aid this growth, thereby propelling the demand for building thermal insulation over the forecast period. Residential construction is projected to witness the highest growth owing to rising population, increasing urbanization, and ascending investments in the sector by Non-Resident Indians (NRIs).
Ascending residential construction activities may bolster the demand for building thermal insulation over the forecast period. However, low product penetration in the construction sector in India may restrain the market growth.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| BASF | View profile | 10001+ | Florham Park, New Jersey, United States, North America | https://pharma.basf.com |
| Byucksan | View profile | - | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://byucksan.com/ |
| Rockwool | View profile | 1001-5000 | Milton, Ontario, Canada, North America | https://www.rockwool.com/ |
| Cellofoam | View profile | 51-100 | Biberach, Bayern, Germany, Europe | https://www.cellofoam.de |
| Dow Building Solutions | View profile | 10001+ | Midland, Michigan, United States, North America | http://building.dow.com |
| CertainTeed Corporation | View profile | 5001-10000 | Signal Mountain, Tennessee, United States, North America | http://www.certainteed.com/ |
| Atlas Roofing | View profile | 1001-5000 | Atlanta, Georgia, United States, North America | https://www.atlasroofing.com |
| GAF | View profile | 5001-10000 | Wayne, New Jersey, United States, North America | http://www.gaf.com/ |
| Rockwool AS Class B | View profile | 12017 | Hovedgaden 584, Hedehusene, Denmark, 2640 | https://www.rockwool.com |
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Johns Manville | View profile | 5001-10000 | Denver, Colorado, United States, North America | http://www.jm.com/ |
| Guardian Capital Group Ltd | View profile | 359 | Commerce Court West, Suite 3100, P.O. Box 201, Toronto, ON, Canada, M5L 1E8 | https://www.guardiancapital.com |
| Kingspan Group PLC | View profile | 22384 | Dublin Road, Kingscourt, County Cavan, Ireland, A82 XY31 | https://www.kingspan.com |
| Compagnie de Saint-Gobain SA | View profile | 168508 | 12, Place de l'Iris, Tour Saint-Gobain, Courbevoie, France, 92400 | http://www.saint-gobain.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
India building thermal insulation market size, by product, 2018-2030 (US$M)
India Building Thermal Insulation Market Outlook Share, 2024 & 2030 (US$M)
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