US Building Insulation Market Size Likely to Expand at a CAGR of 7.53% By 2034

The CMI Team’s most recent market research predicts that from 2024 to 2033, the US Building Insulation Market size 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 section especially residential and commercial buildings are primarily driving the demand for building insulation across the country. The high need for insulation material for insulation against heat and sound to enhance the overall comfort of the house is driving the market growth.

• Energy Efficiency Demand: Building insulation material enhances the overall energy efficiency of the building by providing saving heat and electricity. Proper insulation significantly reduces the heating and cooling cost of a building and saving the overall energy need for a building.

• Government Initiatives and Incentives: Government policies, especially in terms of tax credits on the use of energy-efficient insulation materials, encourage homeowners and builders to invest in insulation. The policies support adopting sustainability in construction and encourage the use of 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. The establishment of 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 office spaces, retail centers, and warehouses call for better insulation materials that must fulfill specific performance criteria in order to maximize the energy saving and comfort levels.

Development Advanced Insulation Materials: New materials and technologies, including aerogel, VIPs, and PCMs, emerge in the market, representing higher insulation performance as well as 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 has 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 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 2024E adjusted EBITDA2. The acquisition strengthens Owens Corning’s position in residential building materials.

• In February 2024, Atlas introduces 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 their demand from construction industry. Production shutdown and restriction on cross-border movement of products also considered on market expansion.

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