Board Insulation Market Size To Reach $16.88 Billion By 2030

Board Insulation Market Growth & Trends

The global board insulation market size is expected to reach USD 16.88 billion by 2030, registering a CAGR of 3.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the increasing utilization of advanced insulating materials from the construction & building and transportation industries. Increasing awareness regarding the environmental impact created by excess use of fuel has led to the development of new advanced materials to reduce heat losses. Boards are one of the materials used for increasing energy efficiency and reducing heat losses. Thus, the increased demand for advanced insulating materials from the building and transportation industry is expected to increase in demand for boards.

Governments and regulatory bodies worldwide have been implementing stricter energy efficiency standards for buildings to reduce greenhouse gas emissions and minimize energy consumption. These regulations often specify requirements for insulation levels and thermal performance in new construction and renovation projects. Board insulation plays a critical role in meeting these requirements by effectively reducing heat transfer through walls, roofs, and floors.

Increasing construction activities, especially in the residential, commercial, and industrial sectors, drive the demand for insulation materials. As urbanization continues and the population grows, there’s a need to construct more houses, offices, commercial spaces, and industrial buildings. Overall, increasing construction activities and the need to adhere to energy efficiency standards create a robust market for board insulation in the building and construction industry.

Major market players are emphasizing the use of sustainable materials for developing insulation materials such as EPS, XPS, and PUR. Manufacturers use recycled content to produce these materials. It also includes the usage of scrap-insulating materials, which results in reduced demand for new production. In addition, there has been widespread use of EPS type of material worldwide. This implies that EPS insulating material meets the highest environmental and social standards. These initiatives are expected to fuel the demand for sustainable insulating material, thereby fueling market growth.

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Board Insulation Market Report Highlights

• The building & construction segment led the market and accounted for the largest share of 67.0% in 2024. Boards are commonly used in exterior and interior wall applications.

• Transportation is expected to grow significantly at 3.7% CAGR over the forecast period. In automotive insulation, boards reduce noise, vibration, and harshness levels inside the vehicle.

• The Asia Pacific board insulation market dominated and accounted for 40.4% of global revenue in 2024. The market growth in this region can be attributed to its economic growth, increased energy prices, and building regulations.

• The Middle East & Africa board insulation market is anticipated to grow significantly at a CAGR of 3.1% over the forecast period.

Board Insulation Market Segmentation

Grand View Research has segmented global board insulation market based on application and region:

Board Insulation Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Building & Construction

• Transportation

• Industrial

• Others

Board Insulation Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • UK

• Asia Pacific

  • China

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

List of Key Players of Board Insulation Market

• Owens Corning

• Rockwell International

• Saint-Gobain

• Knauf Insulation

• Llyod Insulations India Ltd

• Polybond Insulation Pvt Ltd

• Industrial insulation

• BASF

• Huntsman Corporation

• Mitsui Chemicals, inc.

• Rogers Corporation

• Duna.