Global Insulation Market Size & Outlook, 2023-2030
Global insulation market, 2018-2030 (US$M)
Related Markets
Global insulation market highlights
- The global insulation market generated a revenue of USD 65,111.6 million in 2023 and is expected to reach USD 102,465.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.7% by 2030.
- In terms of segment, residential accounted for a revenue of USD 11,159.1 million in 2023.
- Non-Residential is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 65,111.6 million |
| Market revenue in 2030 | USD 102,465.9 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Non-Residential |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-Residential |
Other key industry trends
- In terms of revenue, the North America accounted for 22.1% of the global insulation market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 849.4 million by 2030.
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Insulation Market Scope
Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global insulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to insulation market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 17.14% in 2023. Horizon Databook has segmented the Global insulation market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Insulation Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Non-Residential
- Others
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Target buyers of Global insulation market databook
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Our clientele includes a mix of insulation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global insulation market , including forecasts for subscribers. This global databook contains high-level insights into Global insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global insulation market size, by regions, 2018-2030 (US$M)
Top 10 countries: Insulation market size, 2023 (US$M)
Global insulation market share, by application, 2023 & 2030 (%, US$M)
Insulation market: Opportunity assessment by country
Global insulation market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 11,857.5 | 12,498.2 | 11,990.2 | 12,959.0 | 13,648.6 | 14,403.5 | 15,230.7 | 16,137.3 | 17,107.2 | 18,150.3 | 19,272.0 | 20,479.2 | 21,779.4 | 6.1% |
| Europe | 14,349.5 | 15,077.5 | 14,419.0 | 15,534.8 | 16,308.8 | 17,155.6 | 18,081.6 | 19,095.2 | 20,175.3 | 21,333.5 | 22,574.8 | 23,906.4 | 25,335.5 | 5.7% |
| Asia Pacific | 20,944.1 | 22,380.7 | 21,767.4 | 23,851.6 | 25,468.7 | 27,248.9 | 29,210.9 | 31,376.9 | 33,728.1 | 36,282.2 | 39,059.0 | 42,080.4 | 45,370.4 | 7.6% |
| Latin America | 3,412.9 | 3,623.4 | 3,501.2 | 3,811.6 | 4,043.8 | 4,298.9 | 4,579.3 | 4,887.9 | 5,221.4 | 5,582.0 | 5,972.2 | 6,394.9 | 6,853.1 | 6.9% |
| MEA | 1,615.9 | 1,710.2 | 1,647.6 | 1,788.3 | 1,891.5 | 2,004.7 | 2,128.9 | 2,265.5 | 2,412.6 | 2,571.2 | 2,742.5 | 2,927.5 | 3,127.5 | 6.6% |
| Overall | 52,179.9 | 55,290.0 | 53,325.4 | 57,945.3 | 61,361.4 | 65,111.6 | 69,231.4 | 73,762.8 | 78,644.6 | 83,919.2 | 89,620.5 | 95,788.4 | 102,465.9 | 6.7% |
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