Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 71.93 Billion | USD 130.70 Billion | 6.3% | 2024 |
FrequentlyAsked Questions
Rising plastic foam prices are likely to stifle industry expansion, leading to the development of alternative goods. Due to the strict laws governing traditional goods such as plastic foams, recyclable insulation is gaining favour.
The global thermal insulation market is expected to grow due to rising focus on energy efficiency, increasing construction activities, and growing demand for eco-friendly insulation materials.
According to a study, the global thermal insulation market size was worth around USD 71.93 Billion in 2024 and is expected to reach USD 130.70 Billion by 2034.
The global thermal insulation market is expected to grow at a CAGR of 6.3% during the forecast period.
Asia-Pacific is expected to dominate the thermal insulation market over the forecast period.
Leading players in the global thermal insulation market include Johns Manville Corporation (US), Saint-Gobain S.A. (France), BASF SE (Germany), Kingspan Group plc (Ireland), Knauf Insulation Inc (US), Owens Corning (US), Huntsman Corporation (US), Rockwool International A/S (Denmark), Firestone Building Products Compa, among others.
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