Mexico Building Thermal Insulation Market Size & Outlook
Mexico building thermal insulation market, 2018-2030 (US$M)
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Mexico building thermal insulation market highlights
- The Mexico building thermal insulation market generated a revenue of USD 664.6 million in 2022 and is expected to reach USD 938.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.4% 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 664.6 million |
| Market revenue in 2030 | USD 938.3 million |
| Growth rate | 4.4% (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, Mexico accounted for 2.7% 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 North America, U.S. building thermal insulation market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,864.5 million by 2030.
Glass wool was the largest segment with a revenue share of 45.14% in 2022. Horizon Databook has segmented the Mexico 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 Federal Government attributes the rising construction and building industry to the infrastructure and development programs. In addition, the construction sector is expected to witness variable growth on account of the internal and external factors such as declining international oil prices and global economic conditions.
The National Infrastructure Program (PNI) was initiated by the Mexican government under the National Development Plan to boost the infrastructural growth in the country as a strategic move to increase productivity and improve the competitive market of construction industry.
PNI is anticipated to reduce the regional differences across the country and increase the overall standard of living in Mexico, resulting in augmenting the demand for building thermal insulation in the residential sector.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico building thermal insulation market size, by product, 2018-2030 (US$M)
Mexico Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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