North America Building Thermal Insulation Market Size & Outlook
North America building thermal insulation market, 2018-2030 (US$M)
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North America building thermal insulation market highlights
- The North America building thermal insulation market generated a revenue of USD 8,202.8 million in 2022.
- The market is expected to grow at a CAGR of 4.6% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 8,202.8 million |
| Market revenue in 2030 | USD 11,721.5 million |
| Growth rate | 4.6% (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, North America region accounted for 33.5% 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 51.14% in 2022. Horizon Databook has segmented the North 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 U.S. dominated the building thermal insulation market in North America over the historic period, in terms of consumption, owing to the increased demand from residential sector, extensively developed manufacturing industry, and government initiatives to develop social infrastructure.
In addition, rising awareness regarding the benefits of insulation of building structure is expected to benefit the market growth. The demand outlook for North America is favorable, with private investments in industrial sector expected to reach the highest level by 2020. Industrial sector in North America is likely to witness a significant expansion owing to the rising GDP of the region.
In addition, manufacturing industry is also expected to benefit from the new policy reforms. This is expected to boost the industrial construction in the region, thereby driving the demand for building thermal insulation over the forecast period.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America building thermal insulation market size, by country, 2018-2030 (US$M)
North America Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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