What is Global Building Thermal Insulation Boards Market?
The Global Building Thermal Insulation Boards Market is a sector that focuses on materials designed to reduce the heat transfer between the inside and outside of a building. This market is crucial for enhancing energy efficiency, reducing heating and cooling costs, and minimizing the carbon footprint of buildings. As of 2023, the market's value stood at approximately $25.98 billion, showcasing the significant investment and interest in sustainable building practices. The expectation is that by 2030, this market will grow to around $28.99 billion, marking a Compound Annual Growth Rate (CAGR) of 1.6% from 2024 to 2030. This growth is driven by the increasing demand for energy-efficient buildings, stringent government regulations regarding building insulations, and the growing awareness about environmental sustainability. The market's expansion is a testament to the global shift towards more sustainable construction practices, aiming to reduce energy consumption and environmental impact.
Rock Wool, Glass Wool, EPS/XPS, PU/PIR, Others in the Global Building Thermal Insulation Boards Market:
Diving into the specifics, the Global Building Thermal Insulation Boards Market encompasses a variety of materials, each with unique properties and applications. Rock Wool, Glass Wool, Expanded Polystyrene (EPS)/Extruded Polystyrene (XPS), Polyurethane (PU)/Polyisocyanurate (PIR), and other materials are the pillars of this market. Rock Wool is celebrated for its fire resistance and acoustic insulation properties, making it a popular choice for commercial buildings. Glass Wool, known for its lightweight and excellent thermal resistance, is widely used in both residential and commercial constructions. EPS and XPS are favored for their versatility, moisture resistance, and high insulation values, commonly applied in below-grade and perimeter insulation. PU and PIR boards stand out for their superior thermal performance and strength-to-weight ratio, often used in roofing and wall insulation systems. Each of these materials plays a crucial role in the market, catering to diverse insulation needs and contributing to the overall growth of the Global Building Thermal Insulation Boards Market. The variety ensures that there's a solution for almost every type of building, from residential homes to commercial skyscrapers, making the market a comprehensive source for building insulation solutions.
Wall, Roof, Floor, Others in the Global Building Thermal Insulation Boards Market:
The application of Global Building Thermal Insulation Boards spans various areas of construction, including walls, roofs, floors, and other parts of buildings. Wall insulation is a key application area, as it significantly reduces energy leakage, enhancing the building's overall energy efficiency. Roof insulation is another critical application, where these boards help in maintaining consistent indoor temperatures, reducing the burden on heating and cooling systems. Floor insulation, though sometimes overlooked, plays an essential role in preventing heat loss, especially in buildings with basements or those built on slabs. Other applications include insulation for doors, windows, and any area susceptible to thermal bridging. The versatility of thermal insulation boards makes them an indispensable part of modern construction, contributing to the creation of energy-efficient, comfortable, and sustainable living and working environments. The widespread use of these boards across different areas of a building underscores their importance in meeting global energy efficiency standards and sustainability goals.
Global Building Thermal Insulation Boards Market Outlook:
Regarding the market outlook for the Global Building Thermal Insulation Boards Market, it's observed that the market had a valuation of $25.98 billion in 2023. The forecast suggests a growth trajectory, with expectations to reach a valuation of $28.99 billion by 2030. This growth, representing a Compound Annual Growth Rate (CAGR) of 1.6% during the forecast period from 2024 to 2030, indicates a steady increase in demand for building thermal insulation boards. This anticipated growth is attributed to the rising emphasis on energy efficiency in buildings, the implementation of stringent building codes and regulations aimed at reducing energy consumption, and a growing awareness of the need for sustainable construction practices. The market's expansion reflects the increasing importance placed on insulation materials as key components in achieving energy efficiency and sustainability in the construction sector.
| Report Metric | Details |
| Report Name | Building Thermal Insulation Boards Market |
| Accounted market size in 2023 | US$ 25980 million |
| Forecasted market size in 2030 | US$ 28990 million |
| CAGR | 1.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Saint-Gobain, Rockwool International, Johns Manville, Owens Corning, Knauf Insulation, Kingspan Group, GAF, Byucksan Corporation, Atlas Roofing, URSA, TECHNONICOL, UNILIN Insulation, Recticel, Steinbach, Linzmeier, Jia Fu Da, Lfhuaneng, Beipeng Technology, Taishi Rock, Cellofoam, BNBM Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
