The global building thermal insulation market will grow to USD 35.3 billion by 2027, at a CAGR of 4.7% from USD 28.0 billion in 2022. Building thermal insulation is an important technology to reduce energy consumption in buildings by preventing heat gain/loss through the building insulation materials. Building thermal insulation is used to reduce the amount of power that is required to heat or cool a home and for minimizing the heat escape in winters and hot air penetration in summers.
The key market players profiled in the report include Kingspan Group Plc (UK), Knauf Gips KG (Germany), Owens Corning (US), Rockwool International A/S (Denmark), Saint-Gobain SA (France), BASF SE (Germany), Johns Manville Corporation (US), Altana AG (Germany), Dow Inc. (US), GAF Materials Corporation (US), CNBM Group Co., Ltd. (China), Aspen Aerogels, Inc. (US) and others.
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Kingspan Group Plc is one of the global leaders in high-performance insulation and building energy solutions. It is engaged in the manufacture of insulated panels, rigid insulation boards, architectural facades, raised access floors, engineered timber systems, environmental management systems, and sustainable water and renewable energy solutions. The company has a wide regional presence, and thus, its geographical footprint is strong. It has a very strong focus on acquisition as it has acquired THU PERFIL SL (Spain), H2 Green Steel (Sweden), and Logstor International Holding (Denmark) in 2021 and 2022.
- In February 2022, Kingspan Group announced the completion of its acquisition of THU PERFIL SL, the Valencian firm specializing in metal ceiling profile. THU has decades of experience in ceilings, roofing, drywall and partition profile manufacturing.
Knauf Gips KG is a family run, multinational company well known for drywall gypsum boards. The company manufactures building materials and construction systems consisting of construction materials for drywall construction, plasterboard, cement boards, mineral fibre acoustic boards, dry mortars with gypsum for internal plaster and cement-based external plaster and insulating materials.
- In March 2022, Knauf Gips KG has officially opened a new Glass Mineral Wool thermal insulation recycling facility with an investment of USD 12.5 million in Vise, Belgium, paving the way for an exciting new recycling service for the construction and deconstruction industry.
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