Market Outlook:
Board Insulation Market size is set to grow from USD 13.42 billion in 2024 to USD 19.67 billion by 2034, reflecting a CAGR of more than 3.9% between 2025 and 2034. In 2025, the industry is estimated to generate USD 13.89 billion in revenue.
Base Year Value (2024)
USD 13.42 billion
19-24
x.x %
25-34
x.x %
CAGR (2025-2034)
3.9%
19-24
x.x %
25-34
x.x %
Forecast Year Value (2034)
USD 19.67 billion
19-24
x.x %
25-34
x.x %
Historical Data Period
2019-2024
Largest Region
Asia Pacific
Forecast Period
2025-2034
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Market Dynamics:
Growth Drivers & Opportunity:
Increasing demand for energy-efficient buildings and infrastructure projects is driving the growth of the board insulation market. Additionally, strict regulations promoting energy conservation are further fueling the market growth. Furthermore, the growing construction industry, particularly in developing countries, is creating substantial opportunities for the board insulation market to expand.
Industry
Report Scope
Report Coverage | Details |
---|
Segments Covered | Application |
Regions Covered | • North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)
• Latin America (Argentina, Brazil, Rest of South America)
• Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Owens Corning, Rockwell International, Saint-Gobain, Knauf Insulation, Llyod insualtions India, Polybond insulation Pvt, Industrial insulation, BASF SE, Huntsman, Mitsui Chemicals, Rogers, Duna |
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High initial investment costs for board insulation materials and installation services act as a major restraint for the market. Additionally, fluctuating raw material prices can hinder the growth of the market.