Blanket Insulation

Global Blanket Insulation Market to Reach US$20.1 Billion by 2030

The global market for Blanket Insulation estimated at US$15.4 Billion in the year 2024, is expected to reach US$20.1 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2024-2030. Building & Construction Application, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$7.1 Billion by the end of the analysis period. Growth in the Transportation Application segment is estimated at 4.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.2 Billion While China is Forecast to Grow at 8.5% CAGR

The Blanket Insulation market in the U.S. is estimated at US$4.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 8.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.9% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Global Blanket Insulation Market - Key Trends & Drivers Summarized

Why Is Blanket Insulation Becoming Increasingly Important?

Blanket insulation has gained widespread adoption across residential, commercial, and industrial applications due to its cost-effectiveness, ease of installation, and superior thermal efficiency. Designed primarily to control heat transfer, reduce energy consumption, and improve indoor air quality, blanket insulation is made from various materials, including fiberglass, mineral wool, and natural fibers. The growing emphasis on energy conservation and sustainability is propelling the demand for high-performance insulation materials, particularly in construction and manufacturing sectors where thermal management is crucial. The construction industry, which remains one of the primary end-users of blanket insulation, is witnessing a surge in demand driven by stringent energy efficiency regulations and the rising adoption of green building practices. Governments worldwide are implementing energy codes and mandates requiring commercial and residential structures to meet minimum thermal performance standards. Additionally, the increasing awareness of the benefits of insulating buildings to reduce heating and cooling costs is encouraging property owners to invest in high-quality blanket insulation solutions. As urbanization continues to expand and infrastructure development accelerates, the need for durable and effective insulation materials is expected to rise significantly.

How Are Technological Advancements Transforming Blanket Insulation?

The continuous evolution of insulation materials and manufacturing technologies is playing a pivotal role in enhancing the efficiency and application scope of blanket insulation. Traditional fiberglass insulation, while still widely used, is being complemented by advanced mineral wool and eco-friendly alternatives that offer superior fire resistance, soundproofing, and moisture control. The integration of nanotechnology in insulation materials is also improving thermal resistance and durability, enabling buildings and industrial facilities to achieve higher energy efficiency levels with thinner insulation layers. Another notable development is the rising popularity of pre-cut and custom-sized blanket insulation solutions, which reduce installation time and material wastage. Smart insulation materials with phase-change capabilities are also gaining traction, allowing insulation layers to adapt dynamically to temperature fluctuations, optimizing indoor climate control. Moreover, innovations in bio-based and recycled insulation materials are supporting the global push for sustainability, with manufacturers focusing on reducing environmental footprints without compromising insulation performance. With the advancement of automation and prefabrication in construction, blanket insulation is increasingly being integrated into modular building designs, streamlining insulation application and enhancing construction efficiency.

What Market Trends Are Driving the Growth of Blanket Insulation?

Several key trends are shaping the expansion of the blanket insulation market, particularly the growing emphasis on energy-efficient infrastructure development. The rising costs of electricity and heating fuel have made insulation an essential component of cost-saving strategies in residential and commercial buildings. The trend toward net-zero energy buildings, where structures are designed to minimize energy consumption and maximize renewable energy utilization, is further boosting the demand for high-performance insulation materials. Additionally, stringent government regulations aimed at reducing carbon footprints and greenhouse gas emissions are pushing industries to adopt insulation solutions that enhance energy efficiency. In the industrial sector, blanket insulation is widely used in pipelines, equipment enclosures, and mechanical systems to prevent heat loss and maintain process efficiency. The growth of the HVAC (Heating, Ventilation, and Air Conditioning) sector is also influencing the adoption of advanced insulation materials, as manufacturers seek to enhance thermal control in both residential and industrial environments. Furthermore, the expansion of cold chain logistics and temperature-sensitive transportation is fueling the demand for specialized insulation solutions to ensure product integrity across various supply chains.

What Are the Key Growth Drivers for the Blanket Insulation Market?

The growth in the Blanket Insulation market is driven by several factors, including increasing awareness of energy efficiency, regulatory mandates on building insulation, and technological advancements in material science. The push for sustainable construction and the adoption of green building standards are compelling developers to integrate advanced insulation solutions into their projects. Additionally, the surge in infrastructure development across emerging economies, particularly in Asia-Pacific and Latin America, is generating substantial demand for blanket insulation materials that offer cost-effective and long-term thermal performance. Another crucial growth driver is the expanding industrial sector, where process heat management and energy conservation play a vital role in operational efficiency. Industries such as oil & gas, chemicals, and power generation are increasingly investing in high-temperature-resistant insulation solutions to minimize energy losses and enhance workplace safety. The adoption of eco-friendly insulation materials, along with continuous research and development efforts to improve product performance, is further propelling market growth. As end-users prioritize cost savings, sustainability, and thermal efficiency, the blanket insulation market is poised for steady expansion, driven by evolving consumer preferences and regulatory advancements.

SCOPE OF STUDY:

The report analyzes the Blanket Insulation market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Building and Construction Application, Transportation Application, Industrial Application, Appliances Application, Other Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• Apronor
• Armacell GmbH
• Insul-fab
• Johns Manville, a Berkshire Hathaway Company
• Knauf Insulation, Inc.
• Lydall Performance Materials
• Metal Textiles Corporation
• NUTEC
• Owens Corning
• Refmon Industries
• ROCKWOOL
• Thermaxx Jackets

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

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CHINA
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EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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