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Building Thermal Insulation Market to Hit $38,588.8 Million by 2027; Imerys Group Acquires Hyderabad Industries Limited to Brighten is Market Prospects

December 01, 2020 | Chemicals & Materials

The global building thermal insulation market size is expected to reach USD 38,588.8 million by 2027 owing to the growing focus on adopting do it yourself insulation projects that is likely to drive the demand for advanced materials across the globe. Fortune Business Insights, published this information in its latest report, titled, “Building Thermal Insulation Market Size, Share & COVID-19 Impact Analysis, By Material (Mineral Wool {Glass Wool, Stone Wool}, Foamed Plastics {Expanded Polystyrene [EPS], Extruded Polystyrene [XPS], Polyurethane [PU], Polyisocyanurate [PIR], and Other Foamed Plastics}, Cellulose, Aerogels, and Others), By End-Use (Residential and Non-residential), By Application (Floor & Basement, Wall, and Roof & Ceiling), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 29,656.9 million in 2019 and is projected to exhibit a CAGR of 4.2% between 2020 and 2027.

Imerys Group to Acquire Hyderabad Industries Limited to Focus on Infrastructure Development

In January 2020, Imerys Group, a French multinational company, announced its decision to buy Hyderabad Industries Limited, a profitable thermal insulation business controlled by the CK Birla Group. The acquisition is expected to strengthen Imerys position by providing building thermal insulation products. Additionally, the company is set to gain control of the HIL’s fiber cement roofing business in the lucrative Indian market. Several companies like Imerys are actively focusing on developing innovative insulation products to boost their sales revenue and maintain a driving position in the market.

To get a detailed report summary and research scope of this market, click here:


Increasing Adoption of Do It Yourself (DIY) Insulation Projects to Aid Growth

The COVID-19 pandemic has brought upon remarkable changes in the way of living globally. Owing to the fear of contracting the disease, several people are confined to their home spaces with reduced movability. This has led to an increased sale for these thermal insulation materials manufacturers as there is a high demand for DIY insulation projects. Additionally, the increasing constructional activities are anticipated to boost the global building thermal insulation market growth in the forthcoming years.

Eminent Companies Focus on Acquisition to Expand Their Product Portfolio & Boost Sales Revenue

The global market is experiencing massive competition from the top 10 companies that account for almost 70% of the share in terms of revenue. These companies are focusing on acquiring other small companies to develop and expand their building thermal insulation portfolio to cater to the growing demand from the building and construction sector.

Industry Development:

  • July 2019 – Knauf Insulation announced the expansion of its fiberglass insulation facility located at Albion, Michigan. The company has invested USD 35 million for the development of the plant that will improve its capacity by over 30% to cater to the rising demand for advanced building thermal insulation materials across the upper Midwest, U.S.

List of the Companies Profiled in the Global Market:

  • BASF (Germany)

  • Atlas Roofing Company (U.S.)

  • Cellofoam North America Inc. (U.S.)

  • DuPont (U.S.)

  • Knauf Insulation (U.S.)

  • Owens Corning (U.S.)

  • Armacell S.A. (Luxembourg)

  • Beijing New Building Material (Group) Co., Ltd. (China)

  • Evonik (Germany)

  • PT. Bondor Indonesia (Indonesia)

  • BYUCKSAN (South Korea)

  • Huamei Energy-saving Technology Group Co., Ltd. (China)

  • Johns Manville (U.S.)

  • Kaneka Corporation (Japan)

  • KCC Corporation (South Korea)

  • Kingspan Insulation LLC (Ireland)

  • Lloyd Insulations (India) Limited (India)

  • NICHIAS Corporation (Japan)

  • ROCKWOOL International A/S (Denmark)

  • U.P. Twiga Fiberglass Limited (India)

  • GAF (U.S.)

  • Superglass Insulation Ltd. (Scotland)

  • Recticel Group (Belgium)

  • Ursa (Spain)

  • Firestone Building Products (U.S.)

Further Report Findings:

  • Asia-Pacific stood at USD 13,806.5 million in 2019 and is projected to hold the highest position in the global market during the forecast period. This is attributable to the stringent regulations on energy consumption by the government in countries such as India and China that will propel the demand for advanced building thermal insulation materials in the region.

  • The market in Europe is expected to showcase considerable growth backed by the increasing focus on retrofitting activities to redevelop old and damaged buildings in the region between 2020 and 2027.

  • The foamed plastics segment, based on material, is likely to gain momentum in the forthcoming years. This is ascribable to factors such as the surging adoption of foamed plastics as effective building thermal insulation material that provide excellent insulation and are lightweight in nature.

Table of Segmentation:



Study Period


Base Year


Forecast Period


Historical Period



  Volume (Mn Sqm); Value (USD Million)


  Material; End-Use; Application; and Geography

By Material


  • Mineral Wool

    • Glass Wool

    • Stone Wool

  • Foamed Plastics

    • Expanded Polystyrene (EPS)

    • Extruded Polystyrene (XPS)

    • Polyurethane (PU)

    • Polyisocyanurate (PIR)

    • Other Foamed Plastics

  • Cellulose

  • Aerogels

  • Others

By End-Use


  • Residential

  • Non-Residential

By Application


  • Floor & Basement

  • Walls

  • Roof & Ceiling

By Region


  • North America

    • By Material

    • By End-Use

    • By Application

    • By Country

      • U.S.

      • Canada

      • Mexico

  • Europe

    • By Material

    • By End-Use

    • By Application

    • By Country

      • Germany

      • France

      • Poland

      • UK

      • Italy

      • Spain

      • Russia

      • Rest of Europe

  • Asia Pacific

    • By Material

    • By End-Use

    • By Application

    • By Country

      • China

      • India

      • Japan

      • South Korea

      • Southeast Asia

      • Australia & New Zealand

      • Rest of Asia Pacific

  • South America

    • By Material

    • By End-Use

    • By Application

    • By Country

      • Brazil

      • Argentina

      • Rest of Latin America

  • Middle East & Africa

    • By Material

    • By End-Use

    • By Application

    • By Country

      • South Africa

      • GCC

      • Rest of Middle East & Africa


Building Thermal Insulation Market
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  • 2016-2018
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