Canada Insulation Market Size & Outlook, 2023-2030
Canada insulation market, 2018-2030 (US$M)
Related Markets
Canada insulation market highlights
- The Canada insulation market generated a revenue of USD 1,325.4 million in 2023 and is expected to reach USD 2,006.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating application in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
Insulation market data book summary
| Market revenue in 2023 | USD 1,325.4 million |
| Market revenue in 2030 | USD 2,006.2 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Residential |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-Residential |
| Key market players worldwide | Rockwool AS Class B, Par Pacific Holdings Inc, Knauf |
Other key industry trends
- In terms of revenue, Canada accounted for 2.0% of the global insulation market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. insulation market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 18,923.9 million by 2030.
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Insulation Market Scope
Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 18.95% in 2023. Horizon Databook has segmented the Canada insulation market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Regulations which was made under the Green Energy Act, 2009, is aimed at reporting the energy consumption and water use. Companies operating in the country are offering solutions for a variety of construction types such as wood frames, interior floors, walls and ceiling assemblies, suspended ceiling systems, and retrofits.
Such trends are expected to benefit the market growth over the forecast period. Various government initiatives such as Affordable Housing Institute (AHI), and Made in Canada are likely to support the residential insulation market over the forecast period.
Rising population coupled with urbanization and restoring domestic manufacturing sector is likely to be the key factors driving the construction market in Canada. The expansions in the construction sector are directly linked to the growth in the insulation market of the country.
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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 country-level data and insights on the Canada insulation market , including forecasts for subscribers. This country databook contains high-level insights into Canada insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada insulation market size, by application, 2018-2030 (US$M)
Canada Insulation Market Outlook Share, 2023 & 2030 (US$M)
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