Updated

Updated · PR Newswire · Jul 27

Building Thermal Insulation Market to Reach $43.47 Billion by 2031 as Europe Holds 35.4% Share

Updated

Updated · PR Newswire · Jul 27

Building Thermal Insulation Market to Reach $43.47 Billion by 2031 as Europe Holds 35.4% Share

1 articles · Updated · PR Newswire · Jul 27

$43.47 billion is the projected size of the global building thermal insulation market in 2031, up from $33.59 billion in 2026 at a 5.29% CAGR, according to MarketsandMarkets.
Rising construction, renovation of older buildings, stricter energy codes and higher utility bills are driving demand for insulation that cuts energy use and improves indoor comfort.
Europe led the market in 2025 with a 35.4% value share, while residential buildings accounted for 52.9%, underscoring where current demand is concentrated.
Plastic foam is forecast to be the fastest-growing material segment at a 5.42% CAGR, while roof insulation retained a substantial share because it offers one of the most cost-effective energy-saving upgrades.
North America ranked second in 2025, supported by renovation demand and building standards such as IECC and ASHRAE 90.1, with Kingspan, Knauf, Owens Corning, Rockwool and Saint-Gobain among key players.

Sources

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