세계의 단열재 시장 예측 : 유형별, 용도별, 최종 사용자별, 지역별 분석(-2032년)

According to Stratistics MRC, the Global Insulation Materials Market is accounted for $78.3 billion in 2025 and is expected to reach $119.1 billion by 2032 growing at a CAGR of 6.2% during the forecast period. Insulation materials are substances used to reduce heat transfer, noise, or electrical conductivity in buildings, vehicles, appliances, and industrial systems. Common types include fiberglass, foam, mineral wool, cellulose, and aerogels. These materials improve energy efficiency, maintain indoor comfort, and contribute to sustainability by lowering heating and cooling demands. They are essential for meeting green building standards and energy regulations. Innovations in eco-friendly and fire-resistant insulation are expanding the market as environmental concerns and construction demands grow.

According to research performed by various industry professionals, modern insulation technologies can improve energy savings by approximately 40% compared to traditional products.

Market Dynamics:

Driver:

Rise in global construction and infrastructure spending

The insulation materials market is significantly driven by the sustained rise in global construction and infrastructure spending. As populations grow and economies develop, there is a continuous need for new residential, commercial, and industrial buildings. Governments worldwide are also investing heavily in infrastructure projects like roads, bridges, and public utilities. Modern building codes and energy efficiency regulations increasingly mandate the use of high-performance insulation materials. The global push for sustainable and green building practices further accelerates this demand.

Restraint:

Volatility in petrochemical-based raw materials

The insulation materials market faces a significant restraint due to the volatility in prices of petrochemical-based raw materials, such as polystyrene, polyurethane, and mineral wool binders. These materials are heavily dependent on crude oil prices, which are prone to unpredictable fluctuations due to geopolitical events and supply-demand imbalances. Such price volatility directly impacts the production costs of a wide range of insulation products, making it challenging for manufacturers to maintain stable profit margins. This inherent reliance on fossil fuel derivatives creates vulnerability for the market.

Opportunity:

Growth in retrofitting of aging buildings

The substantial global stock of aging buildings presents a significant opportunity for the insulation materials market through retrofitting initiatives. Many older structures were built with minimal or no insulation, leading to considerable energy losses. Growing awareness of energy conservation and increasing utility costs are driving property owners to invest in insulation upgrades. Government incentives and subsidies for energy-efficient renovations further stimulate this retrofitting market. The push for achieving net-zero carbon goals also necessitates extensive retrofitting efforts.

Threat:

Competition from alternative energy-saving solutions

The insulation materials market faces a threat from the growing competition posed by alternative energy-saving solutions. Technologies such as smart thermostats, energy-efficient windows, improved HVAC systems, and renewable energy sources like solar panels can independently contribute to energy reduction. While insulation is fundamental, these alternatives can sometimes be prioritized or seen as sufficient solutions in certain contexts. Continuous innovation in these competing solutions could potentially reduce the perceived urgency or scale of insulation needs. This broader energy efficiency landscape creates a competitive environment.

Covid-19 Impact:

The COVID-19 pandemic disrupted the insulation materials market due to supply chain interruptions, labor shortages, and project delays across the construction and manufacturing sectors. However, the crisis also accelerated interest in energy-efficient retrofitting and sustainable building practices. Increased awareness around indoor air quality and thermal comfort boosted demand for high-performance insulation. Post-pandemic recovery, driven by stimulus spending on infrastructure and green building initiatives, reignited momentum across residential, commercial, and industrial insulation applications, positively influencing long-term market growth.

The polyurethane spray foam segment is expected to be the largest during the forecast period

The polyurethane spray foam segment is expected to account for the largest market share during the forecast period propelled by its superior thermal resistance, air-sealing capability, and lightweight application. Widely adopted in residential and commercial construction, it offers energy savings by minimizing heat loss and air infiltration. Its versatility in both open-cell and closed-cell forms makes it suitable for roofs, walls, and crawlspaces. Additionally, increased demand for green building materials and high-performance insulation systems sustains the segment's dominance in the market.

The thermal insulation segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the thermal insulation segment is predicted to witness the highest growth rate, influenced by rising energy efficiency mandates and the growing need for temperature regulation in buildings and industrial systems. Government regulations promoting sustainable construction are driving adoption across both new and retrofit projects. Innovations in eco-friendly and high R-value insulation materials are further boosting appeal. As energy costs surge globally, demand for effective thermal barriers in residential, commercial, and industrial applications continues to accelerate.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by rapid urbanization and industrialization in countries like China and India. Massive infrastructure development projects and a surging population create immense demand for both residential and commercial buildings. Increasingly stringent energy efficiency regulations in these developing economies are also mandating the use of insulation materials. This combination of strong construction activity and evolving regulatory landscape positions Asia Pacific as the largest market.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, driven by, stringent energy efficiency building codes and a strong focus on sustainable construction practices. The increasing awareness among consumers and builders about the long-term cost savings and environmental benefits of proper insulation fuels demand. Significant investments in retrofitting aging buildings for energy upgrades also contribute to this accelerated growth. Government incentives and tax credits for energy-efficient homes and buildings further stimulate market expansion in North America.

Key players in the market

Some of the key players in Insulation Materials Market include 3M, Atlas Roofing Corp., BASF, Bridgestone Corp., Covestro AG, DuPont, Kingspan Group, Knauf Insulation, Owens Corning, Recticel NV/SA, Rockwool International A/S, GAF Materials Corporation, Saint-Gobain S.A., Roxul Inc., and Huntsman International LLC.

Key Developments:

In June 2025, BASF introduced a bio-based version of its Neopor(R) insulation material, incorporating renewable raw materials to meet rising demand for eco-efficient building insulation in the European market.

In May 2025, Kingspan Group unveiled its new QuadCore(TM) 2.0 insulated panels offering superior fire resistance and thermal conductivity, aimed at commercial infrastructure and cold chain logistics facilities.

In April 2025, Rockwool International A/S announced the expansion of its stone wool insulation production capacity in Eastern Europe to meet growing regional demand driven by stricter building energy codes.

Types Covered:

• Polyurethane Spray Foam
• Rigid Foam Insulation
• Aerogel Insulation
• Other Types

Applications Covered:

• Thermal Insulation
• Acoustic Insulation
• Electrical Insulation
• Vibration Insulation
• Fire-Resistant Insulation

End Users Covered:

• Infrastructure
• Construction
• Industrial
• HVAC
• Transportation
• Appliances
• OEM
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Insulation Materials Market, By Type

• 5.1 Introduction
• 5.2 Polyurethane Spray Foam
  • 5.2.1 Fibrous Insulation
  • 5.2.2 Fiberglass
  • 5.2.3 Mineral Wool
  • 5.2.4 Plastic Fibers
  • 5.2.5 Cellulose
• 5.3 Rigid Foam Insulation
  • 5.3.1 Expanded polystyrene (EPS)
  • 5.3.2 Extruded polystyrene (XPS)
  • 5.3.3 Polyisocyanurate (Polyiso, ISO)
  • 5.3.4 Polyurethane (PU)
• 5.4 Aerogel Insulation
• 5.5 Other Types

6 Global Insulation Materials Market, By Application

• 6.1 Introduction
• 6.2 Thermal Insulation
• 6.3 Acoustic Insulation
• 6.4 Electrical Insulation
• 6.5 Vibration Insulation
• 6.6 Fire-Resistant Insulation

7 Global Insulation Materials Market, By End User

• 7.1 Introduction
• 7.2 Infrastructure
• 7.3 Construction
• 7.4 Industrial
• 7.5 HVAC
• 7.6 Transportation
• 7.7 Appliances
• 7.8 OEM
• 7.9 Other End Users

8 Global Insulation Materials Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 3M
• 10.2 Atlas Roofing Corp.
• 10.3 BASF
• 10.4 Bridgestone Corp.
• 10.5 Covestro AG
• 10.6 DuPont
• 10.7 Kingspan Group
• 10.8 Knauf Insulation
• 10.9 Owens Corning
• 10.10 Recticel NV/SA
• 10.11 Rockwool International A/S
• 10.12 GAF Materials Corporation
• 10.13 Saint-Gobain S.A.
• 10.14 Roxul Inc.
• 10.15 Huntsman International LLC