Thermal Insulation Global Outlook Report 2025: Growing Demand for Lithium Ion Battery Drives Opportunities for Thermal Insulation Materials - A $99.6 Billion Market by 2030

Core Insights - The global thermal insulation market was valued at US$71.8 billion in 2024 and is projected to reach US$99.6 billion by 2030, growing at a CAGR of 5.6% from 2024 to 2030 [2][13] - Major players in the thermal insulation market include Armacell International, Asahi Kasei Corporation, BASF, Covestro, DuPont de Nemours, and others [1][17] Market Trends & Drivers - Technological advancements have led to the development of high-performance insulation materials such as aerogels and vacuum insulation panels, which provide superior thermal resistance [4] - The growth in the thermal insulation market is driven by increasing energy costs, a focus on energy efficiency, and stringent building codes [5][6] - The expansion of the construction industry, particularly in emerging economies, is boosting demand for insulation materials [6] Market Segmentation - The fiber glass material segment is expected to reach US$37.1 billion by 2030, with a CAGR of 6.0%, while the plastic foam material segment is projected to grow at a CAGR of 5.7% [10] - The U.S. thermal insulation market is valued at US$17.6 billion in 2024, with China forecasted to grow at a CAGR of 10.1% to reach US$11.6 billion by 2030 [10] Geographic Analysis - The report covers various geographic regions including the USA, Canada, Japan, China, Europe, and others, providing insights into market trends and growth potential in these areas [8][10] Company Profiles - The report features profiles of 152 major companies in the thermal insulation market, highlighting their market presence and competitive positioning [12][17]