North America Building Thermal Insulation Market Report and Forecast 2025-2034

The North America building thermal insulation market size reached nearly USD 12.68 Billion in 2024. The market is assessed to grow at a CAGR of 4.80% between 2025 and 2034, reaching a value of around USD 20.26 Billion by 2034.

Key Trends in the Market

Building thermal insulation encompasses a range of materials and techniques that are employed to mitigate the transmission of heat between a building's interior and exterior. Its primary purpose is to uphold a pleasant indoor temperature while minimising reliance on excessive heating or cooling methods, consequently enhancing energy efficiency.

• One of the significant North America building thermal insulation market trends is the implementation of strict building regulations and a heightened focus on improving thermal insulation in buildings to enhance their energy efficiency, driven by an increasing emphasis on energy conservation and greenhouse gas emission reduction. As a result, the demand for building thermal insulation materials in North America has surged as a direct response to these regulations and their aim to achieve better energy efficiency.
• The North America building thermal insulation market growth can be attributed to rapid advancements in insulation materials and technologies. Manufacturers are actively developing cutting-edge products that offer enhanced insulating properties, durability, and easier installation. One notable advancement includes the utilisation of aerogel insulation, which is gaining traction as it provides superior thermal resistance while maintaining a thinner profile.
• The adoption of green building practices and certifications is on the rise in North America. These initiatives promote the use of sustainable building materials and energy-efficient designs. Building thermal insulation plays a crucial role in achieving the desired energy performance goals, bolstering the North America building thermal insulation market demand.

Market Segmentation

The EMR’s report titled “North America Building Thermal Insulation Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

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 Region:

• United States of America
• Canada

Based on product, the market is segmented into glass wool, mineral wool, PU foam, EPS, XPS, and cellulose, among others. On the basis of application, the North America building thermal insulation market segmentation includes roof, floor, and wall. The market, based on end-use, is bifurcated into residential and commercial. The major regional markets for building thermal insulation in North America are the United States of America and Canada.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America building thermal insulation market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• 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

Market Share by Product

According to the North America building thermal insulation market analysis, glass wool is likely to hold a significant portion of the market during the forecast period. Glass wool is produced through a process involving the heating of silica sand at temperatures ranging from 1200ºC to 1250ºC, resulting in the transformation of the sand into fibres.

This versatile material can be manufactured in various forms such as pipes, boards, and blankets, each tailored to possess specific technical characteristics suitable for diverse applications. It has remarkable qualities, one of them being its ability to provide both thermal and acoustic insulation, thus contributing to energy efficiency and ensuring safety against fires in buildings.

Market Share by Application

The wall segment is likely to account for a majority of the North America building thermal insulation market share in the coming years. When it comes to external thermal wall coatings, mineral and XPS materials have gained significant popularity due to their affordability, strong resilience, and ease of installation. The insulation of walls plays a crucial role in enhancing the energy efficiency of buildings.

By combining thermal insulation for walls with insulated roofs, a protective envelope is formed, effectively preventing heat transfer from the external environment through conduction and radiation.

Competitive Landscape

BASF SE

BASF SE also known as BASF, is a global chemical company based in Ludwigshafen, Germany. It holds a prominent position as one of the world's largest chemical producers and operates across various sectors such as chemicals, industrial solutions, and agricultural Solutions.

Saint-Gobain S.A.

Saint-Gobain S.A., headquartered in Courbevoie, France, is a renowned multinational manufacturer that excels in the design, production, and distribution of a wide range of materials and solutions. With a dominant global presence, Saint-Gobain holds a leading position in the construction, automotive, and industrial markets.

Huntsman International LLC

Huntsman International LLC is one of the major American multinational companies specialising in the manufacturing of chemicals. With its establishment in 1970, Huntsman has solidified its position in the chemical sector and maintains its headquarters in Texas, the United States.

Other North America building thermal insulation market players include GAF Materials LLC, Knauf Insulation, Owens Corning, Anco Products Incorporated, Atlas Roofing Corporation, Cellofoam North America Inc, Johns Manville, and Roxul Inc., among others.
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