Building Insulation Market Size To Reach $58.91 Billion By 2033

Building Insulation Market Growth & Trends

The global building insulation market size is anticipated to reach USD 58.91 billion by 2033 and is projected to grow at a CAGR of 5.7% from 2025 to 2033, according to a new report by Grand View Research, Inc. The market is growing steadily as global construction activity continues to rise across residential, commercial, and industrial sectors. Builders and homeowners are increasingly looking for materials that reduce heat loss, improve cooling efficiency, and lower long-term electricity bills. Urban development, rising housing demand, and the expansion of infrastructure projects are boosting product consumption. The market is also benefiting from shifting consumer preferences toward comfortable living spaces with better temperature and noise control. Retrofitting of older buildings with modern insulation systems is further adding to demand and widening application opportunities.

Energy efficiency has become a central theme in construction, and this is one of the strongest factors supporting insulation market growth. Governments across many regions are enforcing building energy codes, certifications, and sustainability goals that encourage the use of insulation materials. Builders are adopting solutions such as glass wool, mineral wool, rigid boards, and spray foam to meet these performance standards. Higher energy prices are also influencing both residential and commercial buyers to invest in improved building envelopes. As awareness about environmental responsibility grows, the market continues to move toward materials with low emissions, long service life, and recyclability.

Innovation is helping the industry diversify and evolve rapidly. Manufacturers are investing in high-performance insulation materials that offer better thermal value, improved fire safety, moisture resistance, and durability. The market is also experiencing growth in bio-based solutions derived from renewable and recyclable raw materials, aligning with green construction goals. Digital construction tools, such as building information modeling and thermal performance simulations, are supporting better design outcomes. As a result, insulation is becoming a more strategic element in modern building planning rather than a simple installation requirement.

The overall competitive landscape includes several large international manufacturers along with regional and local suppliers. Larger companies benefit from strong manufacturing networks, advanced research capabilities, and established partnerships with contractors and developers. Smaller players are often competitive in pricing and regional product availability. Market competition is shaped by product quality, certification compliance, supply chain reliability, and sustainability credentials. With growing construction activity in emerging economies and a rising focus on energy efficiency worldwide, the building insulation market is expected to expand steadily while becoming more environmentally aligned and technologically advanced.

 Request a free sample copy or view report summary: Building Insulation Market Report

Building Insulation Market Report Highlights

• Asia Pacific dominated the global building insulation market and accounted for the largest revenue share of 39.5% in 2024, due to vast construction activity in China, India, Southeast Asia, and Japan.

• Based on material, the glass wool segment held the largest revenue share of 29.7% in 2024, owing to its widespread use in residential, commercial, and industrial construction projects.

• Based on product, the batt and roll (blanket) insulation segment held the largest revenue share of 39.7% in 2024, as it remains the most commonly used solution in residential construction, particularly for walls, attics, and floors.

Building Insulation Market Segmentation

Grand View Research has segmented the global building insulation market based on material, product, and region:

Building Insulation Material Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Glass Wool

• Mineral Wool

• EPS

• XPS

• Cellulose

• PIR

• Phenolic Foam

• Polyurethane

• Others

Building Insulation Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Reflective or Radiant Barrier Insulation

• Batt & Roll (Blanket) Insulation

• Loose-Fill / Blown-In Insulation

• Spray Foam Insulation

• Rigid Foam Board Insulation

• Others

Building Insulation Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Central & South America

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • Egypt

  • Qatar

  • Kuwait

List of Key Players in Building Insulation Market

• GAF Materials Corporation

• Huntsman International LLC

• DuPont

• Owens Corning

• Saint-Gobain S.A.

• Kingspan Group

• BASF

• Knauf Insulation

• Carlisle Companies, Inc.

• 3M Company