Building Thermal Insulation Market Size, Share, Growth Analysis, By Type (Residential, Non-Residential), By Material (Plastic Foam, Phenolic), By Application (Roof Insulation, Wall Insulation), By Region - Industry Forecast 2025-2032

Building Thermal Insulation Market size was valued at USD 32.81 Billion in 2023 and is poised to grow from USD 34.29 Billion in 2024 to USD 48.76 Billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).

Thermal insulation plays a crucial role in reducing energy consumption in the construction industry by effectively blocking the transfer of heat through building enclosures.

Building insulation products, with their thermal conductivity of less than 0.2 W/mK, provide an excellent solution for preventing heat loss or gain within enclosed spaces. They not only help conserve energy but also offer additional structural support, particularly in roofing applications.

Governments recognize the benefits of efficient building thermal insulation and have introduced regulations mandating minimum insulation levels. For instance, the Residential Tenancies Act in New Zealand, implemented since July 2019, requires all rental houses to have ceiling and underfloor insulation installed according to specific guidelines.

Due to the increasing focus on energy conservation in both residential and commercial sectors, the demand for thermal insulation is expected to rise. This growth will be driven by heightened concerns regarding energy efficiency, as well as the implementation of strict government regulations aimed at reducing energy usage and greenhouse gas emissions.

US Building Thermal Insulation Market is poised to grow at a sustainable CAGR for the next forecast year.