Blanket Insulation Market
Blanket Insulation Market Forecasts to 2030 - Global Analysis by Product Type (Mineral Wool Insulation, Glass Wool Insulation, Natural Fiber Insulation and Synthetic Fiber Insulation), Form Factor (Batts and Rolls, Flexible Sheets and Reflective Blankets), Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Blanket Insulation Market is accounted for $16.01 billion in 2024 and is expected to reach $24.71 billion by 2030, growing at a CAGR of 7.5% during the forecast period. Thermal insulation that is made of flexible, rollable materials like cellulose, mineral wool, fiberglass, or cotton is known as blanket insulation. Its purpose is to cover surfaces like walls, attics, and floors in order to decrease heat transfer and increase energy efficiency in buildings. For improving thermal comfort, soundproofing, and energy conservation, it is a popular option due to its simplicity of installation, affordability, and adaptability in both residential and commercial construction.
According to the U.S. Department of Energy, the global aerogel insulation market, which includes blanket insulation applications, is projected to reach $2 billion by 2023.
Market Dynamics:
Driver:
Growing demand for energy efficiency
The growing demand for energy efficiency is a key driver of the blanket insulation market. As governments and industries prioritize reducing energy consumption, blanket insulation plays a crucial role in conserving energy by minimizing heat loss in buildings and industrial applications. It improves thermal performance, leading to lower heating and cooling costs, which is essential for both residential and commercial sectors. The push for sustainable construction practices and stringent energy regulations further accelerates the adoption of blanket insulation, driving market growth.
Restraint:
High initial costs
While blanket insulation offers long-term savings through energy efficiency, the upfront investment required for installation can be prohibitive, particularly for smaller businesses or residential customers. The costs associated with high-quality materials, skilled labor, and compliance with regulatory standards add to the overall expense. These factors may deter potential buyers from adopting blanket insulation solutions, especially in regions where cost-sensitive consumers dominate the market.
Opportunity:
Advancements in materials science
Innovations in insulation materials, such as the development of more efficient and sustainable options like aerogels and bio-based fibers, are driving market expansion. These new materials offer superior thermal performance, durability, and environmental benefits compared to traditional options. As manufacturers continue to invest in research and development, these advancements will enable the production of high-performance insulation solutions that meet evolving regulatory standards and consumer demands for eco-friendly products.
Threat:
Health and safety concerns
Health and safety concerns pose a threat to the blanket insulation market. Some traditional insulation materials, such as fiberglass or mineral wool, can cause respiratory issues or skin irritation if not handled properly during installation. Additionally, concerns about fire hazards or toxic emissions from certain types of insulation materials may deter consumers from choosing specific products.
Covid-19 Impact:
The Covid-19 pandemic had a mixed impact on the blanket insulation market. While construction activities were temporarily halted due to lockdowns and supply chain disruptions, the demand for energy-efficient solutions surged as people spent more time at home. This led to increased interest in home renovations and retrofitting projects that prioritize energy savings. However, delays in manufacturing and logistics affected product availability during the pandemic period.
The glass wool insulation segment is expected to be the largest during the forecast period
The glass wool insulation segment is projected to account for the largest market share during the projection period due to its widespread use in residential, commercial, and industrial applications. Glass wool offers excellent thermal and acoustic insulation properties while being cost-effective and easy to install. Its versatility makes it suitable for insulating walls, roofs, floors, and HVAC systems. The growing emphasis on energy efficiency in building codes and regulations further strengthens its dominance in the market as developers seek high-performance yet affordable insulation solutions.
The transportation segment is expected to have the highest CAGR during the forecast period
The transportation segment is projected to have the highest CAGR in the blanket insulation market during the extrapolated period due to increasing demand for lightweight and efficient thermal solutions in vehicles. Blanket insulation helps improve fuel efficiency by reducing heat loss in transportation systems such as automobiles, trains, airplanes, and ships. The rising focus on electric vehicles (EVs) also drives demand for effective thermal management systems to optimize battery performance. As transportation industries aim to enhance energy efficiency, this segment will experience rapid growth.
Region with largest share:
The Asia Pacific region is expected to hold the largest share of the market during the forecast period due to rapid urbanization and industrial growth across countries like China and India. The booming construction industry in this region is driving demand for energy-efficient building materials such as blanket insulation. Additionally, government initiatives promoting sustainable infrastructure development are encouraging builders to adopt advanced thermal solutions that reduce energy consumption. The region’s expanding transportation sector also contributes significantly to its leadership position in this market.
Region with highest CAGR:
The Asia Pacific region is expected to register the highest growth rate over the forecast period due to rising investments in infrastructure development and increasing awareness about energy conservation measures. Countries like China are implementing stringent regulations aimed at improving building energy efficiency standards, which boosts demand for high-quality insulation materials like blankets. Furthermore, growing industrialization coupled with increasing adoption of electric vehicles (EVs) is propelling demand for advanced thermal management solutions across various sectors.
Key players in the market
Some of the key players in Blanket Insulation Market include Owens Corning, Saint-Gobain, Knauf Insulation, Rockwool International A/S, Johns Manville, Kingspan Group, BASF SE, Huntsman Corporation, Armacell International S.A., Covestro AG, URSA Insulation S.A., Berkshire Hathaway Inc., GAF Materials Corporation, Beijing New Building Material (Group) Co., Ltd., Guardian Glass, Lydall, Inc., and Nichias Corporation.
Key Developments:
In October 2024, Knauf Group and Texnopark have announced a joint agreement for Knauf to acquire Texnopark’s Rock Mineral Wool insulation business. The acquisition includes a new plant in Tashkent, Uzbekistan, equipped with advanced electric melting technology which enables low CO2 emissions in production.
In December 2023, SAINT-GOBAIN has reached an agreement with Soprema for the sale of a majority stake in its polyisocyanurate insulation (PIR) activity in the United Kingdom under the Celotex brand. Celotex’s assets will be transferred to a new standalone company, which will be 75% owned by Soprema once the transaction is complete. Saint-Gobain will retain a 25% minority stake in this new company for the time needed to ensure a smooth transition.
In March 2021, Owens Corning, the company that invented fiberglass insulation, announced its latest advancement: PINK Next Gen™ Fiberglas™ insulation. Featuring advanced fiber technology, this superior insulation solution enables up to 23% faster installation compared to our existing products. The advanced fiber technology of PINK Next Gen™ Fiberglas™ creates a tightly woven network of soft, fine fibers to form a super-resilient blanket of insulating micro-pockets.
Product Types Covered:
• Mineral Wool Insulation
• Glass Wool Insulation
• Natural Fiber Insulation
• Synthetic Fiber Insulation
Form Factors Covered:
• Batts and Rolls
• Flexible Sheets
• Reflective Blankets
Distribution Channels Covered:
• Direct Sales
• Brick and Mortar Stores
• Online Channel
• Distributors
Applications Covered:
• Walls
• Roofs and Attics
• Floors and Ceilings
• Sound Absorption and Noise Reduction
• Fire Protection
• HVAC Systems
End Users Covered:
• Residential Construction
• Commercial Buildings
• Industrial Facilities
• Infrastructure & Transportation
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Blanket Insulation Market, By Product Type
5.1 Introduction
5.2 Mineral Wool Insulation
5.3 Glass Wool Insulation
5.4 Natural Fiber Insulation
5.5 Synthetic Fiber Insulation
6 Global Blanket Insulation Market, By Form Factor
6.1 Introduction
6.2 Batts and Rolls
6.3 Flexible Sheets
6.4 Reflective Blankets
7 Global Blanket Insulation Market, By Distribution Channel
7.1 Introduction
7.2 Direct Sales
7.3 Brick and Mortar Stores
7.4 Online Channel
7.5 Distributors
8 Global Blanket Insulation Market, By Application
8.1 Introduction
8.2 Walls
8.3 Roofs and Attics
8.4 Floors and Ceilings
8.5 Sound Absorption and Noise Reduction
8.6 Fire Protection
8.7 HVAC Systems
9 Global Blanket Insulation Market, By End User
9.1 Introduction
9.2 Residential Construction
9.3 Commercial Buildings
9.4 Industrial Facilities
9.5 Infrastructure & Transportation
10 Global Blanket Insulation Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Owens Corning
12.2 Saint-Gobain
12.3 Knauf Insulation
12.4 Rockwool International A/S
12.5 Johns Manville
12.6 Kingspan Group
12.7 BASF SE
12.8 Huntsman Corporation
12.9 Armacell International S.A.
12.10 Covestro AG
12.11 URSA Insulation S.A.
12.12 Berkshire Hathaway Inc.
12.13 GAF Materials Corporation
12.14 Beijing New Building Material (Group) Co., Ltd.
12.15 Guardian Glass
12.16 Lydall, Inc.
12.17 Nichias Corporation
List of Tables
1 Global Blanket Insulation Market Outlook, By Region (2022-2030) ($MN)
2 Global Blanket Insulation Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Blanket Insulation Market Outlook, By Mineral Wool Insulation (2022-2030) ($MN)
4 Global Blanket Insulation Market Outlook, By Glass Wool Insulation (2022-2030) ($MN)
5 Global Blanket Insulation Market Outlook, By Natural Fiber Insulation (2022-2030) ($MN)
6 Global Blanket Insulation Market Outlook, By Synthetic Fiber Insulation (2022-2030) ($MN)
7 Global Blanket Insulation Market Outlook, By Form Factor (2022-2030) ($MN)
8 Global Blanket Insulation Market Outlook, By Batts and Rolls (2022-2030) ($MN)
9 Global Blanket Insulation Market Outlook, By Flexible Sheets (2022-2030) ($MN)
10 Global Blanket Insulation Market Outlook, By Reflective Blankets (2022-2030) ($MN)
11 Global Blanket Insulation Market Outlook, By Distribution Channel (2022-2030) ($MN)
12 Global Blanket Insulation Market Outlook, By Direct Sales (2022-2030) ($MN)
13 Global Blanket Insulation Market Outlook, By Brick and Mortar Stores (2022-2030) ($MN)
14 Global Blanket Insulation Market Outlook, By Online Channel (2022-2030) ($MN)
15 Global Blanket Insulation Market Outlook, By Distributors (2022-2030) ($MN)
16 Global Blanket Insulation Market Outlook, By Application (2022-2030) ($MN)
17 Global Blanket Insulation Market Outlook, By Walls (2022-2030) ($MN)
18 Global Blanket Insulation Market Outlook, By Roofs and Attics (2022-2030) ($MN)
19 Global Blanket Insulation Market Outlook, By Floors and Ceilings (2022-2030) ($MN)
20 Global Blanket Insulation Market Outlook, By Sound Absorption and Noise Reduction (2022-2030) ($MN)
21 Global Blanket Insulation Market Outlook, By Fire Protection (2022-2030) ($MN)
22 Global Blanket Insulation Market Outlook, By HVAC Systems (2022-2030) ($MN)
23 Global Blanket Insulation Market Outlook, By End User (2022-2030) ($MN)
24 Global Blanket Insulation Market Outlook, By Residential Construction (2022-2030) ($MN)
25 Global Blanket Insulation Market Outlook, By Commercial Buildings (2022-2030) ($MN)
26 Global Blanket Insulation Market Outlook, By Industrial Facilities (2022-2030) ($MN)
27 Global Blanket Insulation Market Outlook, By Infrastructure & Transportation (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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