The global North America building thermal insulation market size is expected to reach USD 11.72 billion by 2030, registering a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to growth in construction activities in North America.

Building thermal insulation systems are expected to gain wide acceptance owing to its several benefits such as lightweight materials, improved external appearance, and acoustic performance of the buildings. Site-built homes qualify for the credit if they are certified to reduce energy consumption during heating and cooling by 50%, relative to the International Energy Conservation Code (IECC), 2006, and meet minimum efficiency standards set by the Department of Energy.

Increasing demand for energy-efficient buildings, owing to the stringent government regulations and rising awareness regarding environmental degradation, is anticipated to fuel the demand for thermal insulation for residential, non-residential, commercial, and industrial buildings. Favorable government policies coupled with increasing awareness among consumers are expected to remain the key driving factor for the growth of the building thermal insulation market in North America.

The government initiatives are inclusive of labor training and monetary aid are likely to propel the industry growth. Moreover, favorable building codes in the U.S. and Canada coupled with the establishment of energy certification agencies such as LEED and the U.S. Green Building Council are expected to have a positive influence on market growth.

Increasing investments in energy-efficient systems is projected to benefit the building thermal insulation system in North America over the forecast period. In addition, a rise in disposable income among consumers across the globe is projected to propel the expansion of the construction industry, thereby driving the building thermal insulation market.

The growing awareness related to energy conservation is projected to have a significant impact on the demand for energy-efficient buildings and is likely to benefit the industry growth in the forecast period. A rise in spending capacities among the people is projected to benefit the growth of the construction industry, thereby benefiting the building thermal insulation market.

Gather more insights about the market drivers, restrains and growth of the North America Building Thermal Insulation Market

North America Building Thermal Insulation Market Report Highlights

• The U.S. accounted for the largest revenue share of 80.0% in 2023. The increased demand for energy-efficient construction solutions is driving the growth of thermal insulation products in the region

• On the basis of end-use, the residential segment held the largest revenue share in 2023. The segment is also estimated to grow at the fastest CAGR of 4.8% over the coming years. The growth in the number of single-family houses in developing economies and the rising disposable income of consumers are among the various factors projected to drive the residential construction activities

• On the basis of application, the wall segment accounted for the largest revenue share in 2023 and is anticipated to be the fastest-growing segment over the forecast period, with a CAGR of 4.9%. This is attributed to the rise in investments in public infrastructure

• Based on products, the glass wool accounted for the largest revenue share of 51.1% in 2023 and is expected to expand at a CAGR of 3.3%. This is because it helps to reduce energy consumption and fluctuation in temperature. Glass wool thermal insulation also provides extremely high-temperature tolerances, as the product itself is flame-resistant. In addition, it is cost-effective, versatile, and easily customizable thereby accounting for a notable demand in building insulation.

• The players in the North America building thermal insulation market focus on increasing their market share through organic growth, rather than mergers and acquisitions. Companies in the market are focusing on expanding their product portfolio by developing cost-effective insulation products with enhanced properties.

North America Building Thermal Insulation Market Segmentation

Grand View Research has segmented the North America building thermal insulation market on the basis of on product, application, end-use, and region:

North America Building Thermal Insulation Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Glass Wool

• Mineral Wool

• EPS

• XPS

• Cellulose

• PIR Foam

• PU Foam

• Other Products

North America Building Thermal Insulation Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Roof

• Wall

• Floor

North America Building Thermal Insulation End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial

North America Building Thermal Insulation Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

List of Key Players of North America Building Thermal Insulation Market

• Anco Products, Inc.

• Atlas Roofing Corporation

• Cellofoam North America Inc.

• Certain Teed Corporation

• GAF Material Corporation

• Huntsman International LLC

• Johns Manville Corporation

• Knauf Insulation

• Owens Corning

• ROCKWOOL Insulation A/S

• Dow Inc.

• DuPont

• Kingspan Group

Order a free sample PDF of the North America Building Thermal Insulation Market Intelligence Study, published by Grand View Research.