Market revenue in 2023 | USD 12,468.3 million |
Market revenue in 2030 | USD 18,923.9 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 |
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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 17.65% in 2023. Horizon Databook has segmented the U.S. insulation market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
The United States market is growing at a rapid pace considering the increased demand from end user markets. New investments in auto factories coupled with increased installed capacity are likely to emerge in Mexico, for North American as well as global consumption.
This requires automotive manufacturers and suppliers to manage their supply chains and factory usage cautiously in the Unites States. Regulatory pressure in this region is a major trigger for growth, and gains in the automotive materials overall are likely to be outpaced by advancements.
Strict fuel economy standards are likely to increase the scope for lightweight automotive materials. The Corporate Average Fuel Economy (CAFÉ) was issued by the US in August 2012, which requires light-duty vehicles to perform at an efficiency of 55 miles per gallon.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. insulation market , including forecasts for subscribers. This country databook contains high-level insights into U.S. insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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