North America Insulation Market Size & Outlook, 2023-2030
North America insulation market, 2018-2030 (US$M)
Related Markets
North America insulation market highlights
- The North America insulation market generated a revenue of USD 14,403.5 million in 2023.
- The 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 14,403.5 million |
| Market revenue in 2030 | USD 21,779.4 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | 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 |
| Key market players worldwide | Rockwool AS Class B, Par Pacific Holdings Inc, Knauf |
Other key industry trends
- In terms of revenue, North America region accounted for 22.1% of the global insulation market in 2023.
- Globally, Asia Pacific 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 45,370.4 million by 2030.
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Insulation Market Scope
Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 17.83% in 2023. Horizon Databook has segmented the North America insulation market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
North America is characterized by the strong presence of insulation industry participants. These companies have developed high quality insulating products for usage in commercial, industrial and residential applications. These companies have achieved core competencies in a variety insulation material such as EPS and have vertically integrated themselves to optimize production and streamline the overall value chain.
Strong distribution network of these companies coupled with broad portfolio is expected to aid the market demand in the region over the next seven years. International organizations such as the International Energy Agency have been advocating for the usage of insulation materials in existing as well as new buildings in the region.
Insulation materials are widely used in countries such as the U.S. and Canada, as a means to save energy. Strong demand from these countries has contributed significantly to the overall regional market growth.
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Target buyers of North America 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America insulation market , including forecasts for subscribers. This continent databook contains high-level insights into North America insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America insulation market size, by country, 2018-2030 (US$M)
North America Insulation Market Outlook Share, 2023 & 2030 (US$M)
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