NORTH AMERICA BUILDING INSULATION MARKET 2021-2028

Building & Construction | Construction Materials

NORTH AMERICA BUILDING INSULATION MARKET 2021-2028

Market by End-user, Application, Material, and Country | Forecast 2021-2028

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Triton’s research report has determined that the North American building insulation market is predicted to develop at a CAGR of 2.92% (value) and 2.44% (volume) through the calculated years 2021-2028.


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The countries discussed in this market are:

•        United States

•        Canada

The growing green building concept offers several opportunities to the building insulation market across the region. Additionally, the increasing demand for building insulation from end-users like residential and commercial also contributes to the growth of the building insulation market within North American countries.

In the United States, the rising expenditure has led the construction sector to be among the largest globally. The positive trends in the residential segment are adding to the growth of the construction sector in the country. Furthermore, the growing concerns pertaining to the energy cost, coupled with the loss of energy, have led to an increase in energy-efficient residential and commercial buildings. For instance, under the New York State Green Building Construction Act, all buildings that comply with green building standards are eligible for a tax credit. Hence, such initiatives are likely to support the growth of the construction sector, in turn, fueling the evolution of the building insulation market.

On the other hand, Canada is considered the fastest-growing country in the building insulation market across the region. The construction sector largely contributes to the country’s economy. Moreover, the construction sector has undergone tremendous growth over the past decade across major cities, including Toronto, Vancouver, and Calgary. Therefore, all these factors are estimated to position the building insulation market on a positive growth trajectory.

Johns Manville Corporation (Berkshire Hathaway) is involved in manufacturing commercial and a variety of engineered products. The company serves various industries, including building products, construction, transportation, and others. Its insulation systems include building insulation, HVAC insulation, OEM insulation, and mechanical insulation, among others. Johns Manville has invested significantly across the globe and is headquartered in the United States. 

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Table of Content

1. NORTH AMERICA BUILDING INSULATION MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. MARKET SCOPE

2.2. KEY INSIGHTS

2.2.1. BUILDING INSULATION MATERIALS ARE MAJORLY UTILIZED FOR WALL INSULATION

2.2.2. WOOL INSULATION IS RAPIDLY GROWING MATERIAL TYPE IN THE BUILDING INSULATION MARKET

2.2.3. RESIDENTIAL END-USERS HAVE SHOWN DOMINANCE IN THE MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. MARKET DRIVERS

2.6.1. RISE IN RENOVATION OF OLD BUILDINGS

2.6.2. GROWING PREFERENCE FOR ENVIRONMENTALLY BENEFICIAL CONSTRUCTTION

2.6.3. GOVERNMENT REGULATIONS

2.7. MARKET RESTRAINTS

2.7.1. UNSTABLE RAW MATERIAL PRICES

2.7.2. LABOR SHORTAGE

2.8. MARKET OPPORTUNITIES

2.8.1. GROWTH OPPORTUNITIES IN THE CONSTRUCTION INDUSTRY

2.9. KEY STRATEGIC DEVELOPMENTS

2.9.1. MERGER & ACQUISITIONS

2.9.2. PRODUCT LAUNCH & DEVELOPMENTS

2.9.3. PARTNERSHIP, CONTRACT/AGREEMENT, & COLLABORATION

2.9.4. BUSINESS EXPANSION

2.10. IMPACT OF CORONAVIRUS ON BUILDING INSULATION MARKET

3. NORTH AMERICA BUILDING INSULATION MARKET OUTLOOK - BY END-USER

3.1. RESIDENTIAL END-USERS

3.2. COMMERCIAL END-USERS

4. NORTH AMERICA BUILDING INSULATION MARKET OUTLOOK - BY APPLICATION

4.1. WALL

4.2. FLOOR

4.3. CEILING & ATTIC

4.4. OTHER APPLICATIONS

5. NORTH AMERICA BUILDING INSULATION MARKET OUTLOOK - BY MATERIAL

5.1. WOOL INSULATION

5.1.1. ROCK WOOL

5.1.2. GLASS WOOL

5.1.3. SLAG WOOL

5.2. PLASTIC FOAMS

5.2.1. POLYURETHANE FOAM

5.2.2. EXTRUDED POLYSTYRENE FOAM (XPS)

5.2.3. EXPANDED POLYSTYRENE FOAM (EPS)

6. BUILDING INSULATION MARKET – NORTH AMERICA

6.1. UNITED STATES

6.2. CANADA

7. COMPETITIVE LANDSCAPE

7.1.1. BASF

7.1.2. BEIJING NEW BUILDING MATERIAL (GROUP) CO LTD

7.1.3. GAF MATERIALS CORPORATION

7.1.4. JOHNS MANVILLE CORPORATION (BERKSHIRE HATHAWAY)

7.1.5. HUNTSMAN CORPORATION

7.1.6. KINGSPAN GROUP

7.1.7. KNAUF INSULATION INC

7.1.8. OWENS CORNING

7.1.9. PAROC GROUP

7.1.10. ROCKWOOL INTERNATIONAL A/S

7.1.11. DOW CHEMICAL COMPANY

7.1.12. SAINT-GOBAIN SA

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.1.1. OBJECTIVES OF STUDY

8.1.2. SCOPE OF STUDY

8.2. SOURCES OF DATA

8.2.1. PRIMARY DATA SOURCES

8.2.2. SECONDARY DATA SOURCES

8.3. RESEARCH METHODOLOGY

8.3.1. EVALUATION OF PROPOSED MARKET

8.3.2. IDENTIFICATION OF DATA SOURCES

8.3.3. ASSESSMENT OF MARKET DETERMINANTS

8.3.4. DATA COLLECTION

8.3.5. DATA VALIDATION & ANALYSIS

List of Tables

TABLE 1: NORTH AMERICA BUILDING INSULATION MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)      

TABLE 2: NORTH AMERICA BUILDING INSULATION MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)     

TABLE 3: VENDOR SCORECARD        

TABLE 4: NORTH AMERICA BUILDING INSULATION MARKET, BY END-USER, 2021-2028 (IN $ MILLION)      

TABLE 5: NORTH AMERICA BUILDING INSULATION MARKET, BY END-USER, 2021-2028 (IN KILOTON)     

TABLE 6: NORTH AMERICA BUILDING INSULATION MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)        

TABLE 7: NORTH AMERICA BUILDING INSULATION MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)          

TABLE 8: NORTH AMERICA BUILDING INSULATION MARKET, BY MATERIAL, 2021-2028 (IN $ MILLION)      

TABLE 9: NORTH AMERICA BUILDING INSULATION MARKET, BY MATERIAL, 2021-2028 (IN KILOTON)     

TABLE 10: NORTH AMERICA WOOL INSULATION MARKET, BY TYPE, 2021-2028 (IN $ MILLION)      

TABLE 11: NORTH AMERICA WOOL INSULATION MARKET, BY TYPE, 2021-2028 (IN KILOTON)     

TABLE 12: NORTH AMERICA PLASTIC FOAMS MARKET, BY TYPE, 2021-2028 (IN $ MILLION)           

TABLE 13: NORTH AMERICA PLASTIC FOAMS MARKET, BY TYPE, 2021-2028 (IN KILOTON)            

List of Figures

FIGURE 1: NORTH AMERICA BUILDING INSULATION MARKET, BY APPLICATION, 2020 & 2028 (IN %)  

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS     

FIGURE 3: MARKET ATTRACTIVENESS INDEX       

FIGURE 4: NORTH AMERICA BUILDING INSULATION MARKET, BY RESIDENTIAL END-USERS, 2021-2028 (IN $ MILLION)        

FIGURE 5: NORTH AMERICA BUILDING INSULATION MARKET, BY COMMERCIAL END-USERS, 2021-2028 (IN $ MILLION)        

FIGURE 6: NORTH AMERICA BUILDING INSULATION MARKET, BY WALL, 2021-2028 (IN $ MILLION)      

FIGURE 7: NORTH AMERICA BUILDING INSULATION MARKET, BY FLOOR, 2021-2028 (IN $ MILLION)      

FIGURE 8: NORTH AMERICA BUILDING INSULATION MARKET, BY CEILING & ATTIC, 2021-2028 (IN $ MILLION)          

FIGURE 9: NORTH AMERICA BUILDING INSULATION MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA BUILDING INSULATION MARKET, BY WOOL INSULATION, 2021-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA BUILDING INSULATION MARKET, BY PLASTIC FOAMS, 2021-2028 (IN $ MILLION)          

FIGURE 12: NORTH AMERICA BUILDING INSULATION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)          

FIGURE 13: UNITED STATES BUILDING INSULATION MARKET 2021-2028 (IN $ MILLION) 

FIGURE 14: CANADA BUILDING INSULATION MARKET 2021-2028 (IN $ MILLION)     

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