Cork Insulation Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Market Report I 2024-12-04 I 220 Pages I Global Market Insights
The Global Cork Insulation Market was valued at USD 665.1 million in 2023 and is expected to grow at a CAGR of 3.88% from 2024 to 2032. As part of the broader sustainable construction and green building materials sector, the cork insulation market is being driven by growing awareness of energy efficiency, eco-friendly construction practices, and environmental sustainability. Cork insulation is increasingly recognized as a natural, renewable, and recyclable material, providing superior thermal and acoustic performance for a variety of applications.
The cork insulation market is primarily segmented by product type into expanded cork insulation boards, spray cork coating, cork granules, and other products, including cork-based mats. Expanded cork insulation boards dominated the market in 2023, generating USD 303.6 million in revenue, and are projected to grow at a CAGR of 3.48% through 2032. These boards are highly preferred due to their versatility, exceptional insulating properties, and alignment with green building standards. Made from 100% natural cork granules that are thermally expanded, expanded cork boards provide excellent insulation while supporting sustainability. Their superior thermal resistance and noise reduction capabilities make them an ideal choice for eco-conscious construction projects.
The market is also segmented by construction type, with categories for new construction and renovation/retrofit projects. The new construction segment held nearly 66% of the total market share in 2023 and is expected to grow to USD 646.6 million by 2032. This dominance is attributed to the increasing adoption of energy-efficient building designs and sustainable materials. Architects and developers are incorporating eco-friendly solutions, including cork insulation, into new building designs to comply with modern energy regulations and obtain green building certifications. The growing emphasis on sustainable development continues to drive the demand for innovative insulation materials in new construction projects.
In the U.S., the cork insulation market was valued at USD 119.1 million in 2023 and is forecasted to grow at a robust CAGR of 4.68% from 2024 to 2032. The U.S. market benefits from a strong construction industry, a heightened focus on energy efficiency, and a rising preference for sustainable materials. Federal and state policies aimed at promoting energy-efficient construction, along with initiatives to reduce carbon emissions, are driving the demand for high-performance insulation solutions.
Report Content
Chapter 1Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2Executive Summary
2.1 Industry synopsis, 2021-2032
Chapter 3Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Growing global emphasis on environmental sustainability
3.6.1.2 Superior insulation properties and energy efficiency
3.6.1.3 Growth in green building initiatives
3.6.2 Industry pitfalls & challenges
3.6.2.1 High initial costs and limited awareness
3.6.2.2 Supply chain constraints and regional limitations
3.7 Growth potential analysis
3.8 Porter's analysis
3.9 PESTEL analysis
Chapter 4Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5Market Estimates & Forecast, By Product Type, 2021-2032 (USD Million) (Thousand Square Feet)
5.1 Key trends
5.2 Expanded cork insulation boards
5.3 Spray cork coating
5.4 Cork granules
5.5 Others (Cork based insulation mats, etc.)
Chapter 6Market Estimates & Forecast, By Insulation Type, 2021-2032 (USD Million) (Thousand Square Feet)
6.1 Key trends
6.2 Thermal
6.2.1 Wall insulation
6.2.2 Roof insulation
6.3 Acoustic
6.3.1 Soundproofing panels
6.3.2 Vibration dampening
6.4 Fireproof insulation
6.5 Others (Moisture, etc.)
Chapter 7Market Estimates & Forecast, By Usage, 2021-2032 (USD Million) (Thousand Square Feet)
7.1 Key trends
7.2 Interior
7.3 Exterior
7.4 Cavity wall
7.5 Others (Underfloor, etc.)
Chapter 8Market Estimates & Forecast, By Construction Type, 2021-2032 (USD Million) (Thousand Square Feet)
8.1 Key trends
8.2 New construction
8.3 Renovation/Retrofit
Chapter 9Market Estimates & Forecast, By End Use, 2021-2032 (USD Million) (Thousand Square Feet)
9.1 Key trends
9.2 Residential
9.2.1 Home
9.2.2 Apartments
9.3 Commercial
9.3.1 Offices
9.3.2 Retail space
9.4 Industrial
9.4.1 Warehouses
9.4.2 Manufacturing facilities
Chapter 10Market Estimates & Forecast, By Sales Channel, 2021-2032 (USD Million) (Thousand Square Feet)
10.1 Key trends
10.2 Direct sales
10.3 Indirect sales
Chapter 11Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Thousand Square Feet)
11.1 Key trends
11.2 North America
11.2.1U.S.
11.2.2Canada
11.3 Europe
11.3.1UK
11.3.2Germany
11.3.3France
11.3.4Italy
11.3.5Spain
11.3.6Russia
11.4 Asia Pacific
11.4.1China
11.4.2India
11.4.3Japan
11.4.4South Korea
11.4.5Australia
11.5 Latin America
11.5.1Brazil
11.5.2Mexico
11.6 MEA
11.6.1UAE
11.6.2Saudi Arabia
11.6.3South Africa
Chapter 12Company Profiles
12.1 Amorim Cork Insulation
12.2 Charles Cantrill Ltd
12.3 CorkSol UK
12.4 Divine Cork
12.5 Isocor
12.6 Jelinek Cork Group
12.7 MAPEI
12.8 MaryLand Cork Company, Inc.
12.9 ThermaCork
12.10 Ty-Mawr Lime Ltd
12.11 VIPEQ HISPANIA
12.12 WE Cork Inc.
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