U.S. Building Thermal Insulation Market Size & Outlook
U.S. building thermal insulation market, 2018-2030 (US$M)
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U.S. building thermal insulation market highlights
- The U.S. building thermal insulation market generated a revenue of USD 6,262.5 million in 2022 and is expected to reach USD 8,918.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.5% 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 6,262.5 million |
| Market revenue in 2030 | USD 8,918.6 million |
| Growth rate | 4.5% (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, U.S. accounted for 25.6% 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 51.8% in 2022. Horizon Databook has segmented the U.S. 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. building thermal insulation market is expected to witness sustainable growth over the forecast period owing to the growth in construction sector in the country. Increased demand for energy-efficient construction solutions is one of the primary factors driving the market growth.
In addition, increase in incidents of natural calamities, including hurricanes and wildfire, hitting different parts of the U.S. is anticipated to have a positive effect on construction sector in the country, thereby driving the demand for building thermal insulation over the forecast period.
Increasing awareness regarding the sustainable construction is expected to boost the market demand over the forecast period. The product aids in increasing the energy efficiency of a structure, leading to decrease in energy requirement for heating, ventilation, and air conditioning. This has resulted in the development of innovative wall panels, which are produced using high-tech materials.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. building thermal insulation market size, by product, 2018-2030 (US$M)
U.S. Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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