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Report
North America Building Thermal Insulation Market Report and Forecast 2023-2028
Market Report I 2023-10-21 I 178 Pages I EMR Inc.
North America Building Thermal Insulation Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the North America building thermal insulation market reached a value of approximately USD 11.54 billion in 2022. Aided by the rising need for energy-efficient solutions and the broadening applications of thermal insulation in various building sectors, the market is expected to grow at a CAGR of 4.8% between 2023 and 2028, to reach a value of USD 15.2 billion by 2028.
Building thermal insulation is a vital element in the construction sector, serving to moderate internal temperatures, lower energy costs, and improve overall occupant comfort. It is used extensively in various building applications, including walls, roofs, and floors, in residential, commercial, and industrial sectors. Its role in energy efficiency, carbon footprint reduction, and occupant comfort enhancement is pivotal to the escalating demand in North America.
The increasing consumer preference for energy-efficient solutions is significantly contributing to the North America building thermal insulation market growth. As awareness of the importance of energy conservation and the role of insulation in energy efficiency increases, there has been a considerable shift towards adopting better insulation practices, spurring demand for building thermal insulation. Furthermore, the growing trend of sustainable and green building practices has amplified the significance of insulation in the construction sector.
The expanding applications of thermal insulation across the building sectors also play a significant role in driving the North America building thermal insulation market. In the residential sector, thermal insulation is critical for comfort and energy savings, especially in regions with harsh winters or hot summers. The commercial sector utilises thermal insulation to optimise building energy performance and comply with stringent building codes and standards. The industrial sector relies on insulation to ensure safety and energy efficiency in large-scale facilities, thus increasing the North America building thermal insulation market demand.
Moreover, the increasing enforcement of building codes and regulations emphasising energy efficiency has led to a more substantial focus on building thermal insulation as an essential component in compliant construction. With the rise of initiatives aiming to reduce carbon footprint and enhance sustainability, thermal insulation has surfaced as a critical component in meeting these targets, thus propelling the North America building thermal insulation market expansion.
Market Segmentation
The market can be divided based on product, application, end use, and country.
Market Breakup by Product
- Glass Wool
- Mineral Wool
- PU Foam
- EPS
- XPS
- Cellulose
- Others
Market Breakup by Application
- Roof
- Floor
- Wall
Market Breakup by End Use
- Residential
- Commercial
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the North America building thermal insulation companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- BASF SE
- Saint-Gobain S.A.
- Huntsman International LLC
- GAF Materials LLC
- Knauf Insulation
- Owens Corning
- Anco Products Incorporated
- Atlas Roofing Corporation
- Cellofoam North America Inc
- Johns Manville
- Roxul Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Building Thermal Insulation Market Overview
8.1 Key Industry Highlights
8.2 Global Building Thermal Insulation Historical Market (2018-2022)
8.3 Global Building Thermal Insulation Market Forecast (2023-2028)
8.4 Global Building Thermal Insulation Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Building Thermal Insulation Market Overview
9.1 Key Industry Highlights
9.2 North America Building Thermal Insulation Historical Market (2018-2022)
9.3 North America Building Thermal Insulation Market Forecast (2023-2028)
10 North America Building Thermal Insulation Market by Product
10.1 Glass Wool
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Mineral Wool
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 PU Foam
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 EPS
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 XPS
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.6 Cellulose
10.6.1 Historical Trend (2018-2022)
10.6.2 Forecast Trend (2023-2028)
10.7 Others
11 North America Building Thermal Insulation Market by Application
11.1 Roof
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Floor
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Wall
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
12 North America Building Thermal Insulation Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Commercial
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
13 North America Building Thermal Insulation Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Canada
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Saint-Gobain S.A.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Huntsman International LLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 GAF Materials LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Knauf Insulation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Owens Corning
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Anco Products Incorporated
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Atlas Roofing Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Cellofoam North America Inc
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Johns Manville
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Roxul Inc.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Building Thermal Insulation Market: Key Industry Highlights, 2018 and 2028
2. North America Building Thermal Insulation Market: Key Industry Highlights, 2018 and 2028
3. North America Building Thermal Insulation Historical Market: Breakup by Product (USD Billion), 2018-2022
4. North America Building Thermal Insulation Market Forecast: Breakup by Product (USD Billion), 2023-2028
5. North America Building Thermal Insulation Historical Market: Breakup by Application (USD Billion), 2018-2022
6. North America Building Thermal Insulation Market Forecast: Breakup by Application (USD Billion), 2023-2028
7. North America Building Thermal Insulation Historical Market: Breakup by End Use (USD Billion), 2018-2022
8. North America Building Thermal Insulation Market Forecast: Breakup by End Use (USD Billion), 2023-2028
9. North America Building Thermal Insulation Historical Market: Breakup by Country (USD Billion), 2018-2022
10. North America Building Thermal Insulation Market Forecast: Breakup by Country (USD Billion), 2023-2028
11. North America Building Thermal Insulation Market Structure
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