Latin America Building Thermal Insulation Market Size & Outlook
Latin America building thermal insulation market, 2018-2030 (US$M)
Related Markets
Latin America building thermal insulation market highlights
- The Latin America building thermal insulation market generated a revenue of USD 1,115.2 million in 2022.
- The market is expected to grow at a CAGR of 5.8% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,115.2 million |
| Market revenue in 2030 | USD 1,753.3 million |
| Growth rate | 5.8% (CAGR from 2022 to 2030) |
| Largest segment | Glass wool |
| Fastest growing segment | EPS |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 4.6% of the global building thermal insulation market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,787.9 million by 2030.
Glass wool was the largest segment with a revenue share of 41.56% in 2022. Horizon Databook has segmented the Latin America 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 industry in Central & South America is expected to witness substantial growth on account of the increasing investments in various infrastructure projects by foreign and domestic private players in the region. The economies contributing significantly to the regional growth include Argentina, Brazil, Chile, Colombia, and Peru.
The robust economic growth in Brazil coupled with a strong private investment which is supported by the favorable risk profile of the country is expected to enable its dominance in the region in construction industry over the projected period.
The growth in construction industry in Central & South America is attributed to private capital infrastructure developments due to public private partnerships coupled with increasing per capita income in the region.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America building thermal insulation market size, by country, 2018-2030 (US$M)
Latin America Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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