US Building Insulation Market Size Likely to Expand at a CAGR of 7.53% By 2033

The CMI Team’s most recent market research predicts that from 2024 to 2033, the US Building Insulation Market will experience a CAGR of 7.53%. In 2024, the market size is projected to reach a valuation of USD 10.88 Billion. By 2033, the valuation is anticipated to reach USD 18.37 Billion.

US Building Insulation Market: Growth Factors and Dynamics

• Growing Construction Industry: The growing construction sector, especially residential and commercial buildings, primarily drives the demand for building insulation across the country. The high need for insulation material against heat and sound to enhance the overall comfort of the house is driving the market growth.

• Energy Efficiency Demand: Building insulation enhances a building’s overall energy efficiency by saving heat and electricity. Proper insulation significantly reduces a building’s heating and cooling costs and saves the overall energy needed for a building.

• Government Initiatives and Incentives: Government policies, especially tax credits for using energy-efficient insulation materials, encourage homeowners and builders to invest in insulation. The policies support adopting sustainability in construction and encourage using eco-friendly materials.

• Growing Demand for Sustainable and Eco-Friendly Materials: Concerns over the sustainability environment have heightened customer demand for eco-friendly insulation materials. Establishing products made from recycled, renewable, or biodegradable materials is promoted in support of greener building practices.

• Growth in New Residential and Commercial Construction: Commercial and industrial growth, such as the construction of office spaces, retail centers, and warehouses, calls for better insulation materials that must fulfill specific performance criteria to maximize energy savings and comfort levels.

• Development Advanced Insulation Materials: New materials and technologies, including aerogel, VIPs, and PCMs, emerge in the market, representing higher insulation performance and greater flexibility. Innovative solutions begin to draw attention from builders and homeowners alike.

 US Building Insulation Market: Partnership and Acquisitions

• In February 2024, Owens Corning agreed to acquire Masonite International Corporation’s outstanding shares for US$133 per share in cash, representing a 38% premium to Masonite’s closing share price and a 46% premium to its 20-day volume-weighted average price. The transaction value is estimated at $3.9 billion, with an implied purchase multiple of 8.6x 2023E adjusted EBITDA2. The acquisition strengthens Owens Corning’s position in residential building materials.

• In February 2023, Atlas introduced EnergyShield XR, a polyiso insulation product designed for high-performance building design. This product provides continuous insulation for foundation walls and under slab use, offering a versatile, industry-leading portfolio for commercial and residential applications. It effectively insulates foundation walls, improving energy efficiency and interior comfort.

Report Scope

US Building Insulation Market: COVID-19 Analysis

The COVID-19 pandemic significantly disrupted the US Building Insulation Market. Supply chain constraints owing to lockdowns impacted demand from the construction industry. Production shutdowns and restrictions on cross-border movement of products also affected market expansion.

However, the market experienced a revival due to essential industries, including urbanization and renovation projects, which continued to support building insulation for various construction facilities. When industries started to revive post-pandemic, the market slowly recovered as more funds flowed into infrastructural development, and there was a need to cut down on energy consumption for building insulation solutions.

List of the prominent players in the US Building Insulation Market:

• ACH Foam Technologies
• Addison Building Materials
• Aspen Aerogels Inc.
• Atlas Roofing Company
• Cellofoam North America Inc.
• Dow Inc.
• Bay Insulation Systems
• Firestone Building Products
• GAF Inc.
• Huntsman Corporation
• Johns Manville
• Kingspan Group
• Knauf Insulation
• Ownes Corning
• Rockwool Group
• Others

The US Building Insulation Market is segmented as follows:

By Type

• Mineral Wool
  • Glass Wool
  • Stone Wool
• Foamed Plastics
  • Expanded Polystyrene (EPS)
  • Extruded Polystyrene (XPS)
  • Polyurethane (PU)
  • Polyisocyanurate (PIR)
  • Other
• Fiberglass
• Cellulose
• Aerogels
• Others

By Application

• Floor Basement
• Wall
• Roof Ceiling

By End User

• Residential
• Non-Residential
  • Industrial
  • Commercial
  • Others