The Global Extruded Polystyrene (XPS) Insulation Material Market was valued at USD 7.22 Billion in 2023 and is projected to reach USD 9.85 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period (2023–2030). This steady growth is fueled by escalating global construction activities, stringent government regulations for energy-efficient buildings, and the rising demand for high-performance insulation in cold storage and infrastructure projects.

As the construction industry pivots towards sustainability and enhanced thermal efficiency, the focus intensifies on the material innovators and manufacturers who are setting new benchmarks for performance and environmental responsibility. In this analysis, we profile the Top 10 Companies in the Extruded Polystyrene (XPS) Insulation Material Industry—a diverse group of global chemical giants and specialized producers shaping the future of building envelopes worldwide.

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🔟 1. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Styrofoam™ Brand XPS Insulation

DuPont is a pioneer in the XPS insulation market, with its iconic Styrofoam™ brand recognized globally for high compressive strength and long-term moisture resistance. Their products are extensively used in below-grade foundation walls, roofing systems, and perimeter insulation for commercial and residential buildings.

Sustainability & Innovation Initiatives:

• Commitment to circular economy principles, including product take-back programs
• Investment in next-generation blowing agents with lower Global Warming Potential (GWP)
• Focus on enhancing the R-value and environmental profile of Styrofoam™ products

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9️⃣ 2. Owens Corning

Headquarters: Toledo, Ohio, USA
Key Offering: FOAMULAR® XPS Insulation

Owens Corning is a leading global building materials company, and its FOAMULAR® product line is a major player in the XPS market. Known for its moisture resistance and durability, FOAMULAR® is specified for a wide range of applications from residential sheathing to heavy-duty commercial roofing.

Sustainability & Innovation Initiatives:

• Striving for 100% of products to contain recycled content
• Pursuit of third-party certifications like GREENGUARD for improved indoor air quality
• Ongoing R&D to improve thermal performance and manufacturing efficiency

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8️⃣ 3. Kingspan Group

Headquarters: Kingscourt, County Cavan, Ireland
Key Offering: Kooltherm®, Therma

Kingspan is a global leader in high-performance insulation and building envelope solutions. While renowned for its PIR products, its XPS offerings are critical for applications requiring high compressive strength, such as inverted roofs and below-slab insulation in its integrated building systems.

Sustainability & Innovation Initiatives:

• Ambition to achieve net-zero carbon manufacturing by 2030 (Planet Passionate agenda)
• Development of products with bio-based and recycled content
• Leadership in the design of energy-positive buildings

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7️⃣ 4. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Styrodur® XPS Insulation

BASF, the world’s largest chemical producer, offers Styrodur®, an XPS insulation known for its exceptional moisture resistance and consistent high R-value. It is a preferred solution for challenging environments like green roofs, perimeter foundations, and cold storage facilities across Europe and North America.

Sustainability & Innovation Initiatives:

• Pioneering the use of CO2 as a chemical feedstock, potentially impacting future XPS production
• Commitment to reducing the carbon footprint of its entire value chain
• Development of advanced, sustainable blowing agent technologies

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6️⃣ 5. Synthos S.A.

Headquarters: Oświęcim, Poland
Key Offering: Styropor®, Austrotherm XPS

Synthos is a major European producer of synthetic rubbers and polystyrene, with a significant presence in the XPS insulation market through its subsidiaries. Its products are widely used in construction across Central and Eastern Europe, benefiting from integrated polystyrene production.

Sustainability & Innovation Initiatives:

• Investment in recycling technologies for polystyrene waste streams
• Focus on developing “green” polystyrene derivatives
• Alignment with EU Green Deal objectives for a circular economy

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5️⃣ 6. Saint-Gobain

Headquarters: Courbevoie, France
Key Offering: PlastiSpan™ XPS (CertainTeed in North America)

Saint-Gobain, a global leader in light and sustainable construction, offers XPS insulation through its various subsidiaries. Its products are engineered for high compressive strength applications, including below-grade walls, plaza decks, and roofing systems, supported by a vast distribution network.

Sustainability & Innovation Initiatives:

• Goal to achieve carbon neutrality by 2050
• Development of the “Multi-Comfort” building concept emphasizing energy efficiency
• Active participation in industry associations promoting sustainable construction practices

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4️⃣ 7. Jackon Insulation GmbH

Headquarters: Friedeburg, Germany
Key Offering: THERMODOM®, TROLIX® XPS

Jackon is a specialized manufacturer of insulation materials, with a strong focus on XPS and rigid foam products. The company serves the European market with insulation solutions designed for facades, floors, and roofs, emphasizing quality and technical performance.

Sustainability & Innovation Initiatives:

• Implementation of energy-efficient manufacturing processes
• Focus on product durability to extend building lifespans and reduce lifecycle emissions
• Adherence to strict German and European environmental standards

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3️⃣ 8. KNAUF Insulation

Headquarters: Shelbyville, Indiana, USA (Global Operations)
Key Offering: Knauf XPS Insulation

Knauf Insulation is a family-owned global manufacturer with a comprehensive portfolio that includes XPS products. Its XPS insulation is known for reliable thermal performance and is used in various construction segments, supported by the company’s strong technical expertise and customer service.

Sustainability & Innovation Initiatives:

• Industry-leading use of recycled glass in its mineral wool products, reflecting a broad sustainability ethos
• Commitment to ECOSE® Technology, a bio-based binder for healthier buildings
• Focus on producing formaldehyde-free insulation solutions

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2️⃣ 9. URSA Insulation, S.A.

Headquarters: Madrid, Spain
Key Offering: URSA XPS

URSA, part of the Xella Group, is a major European insulation manufacturer. Its XPS products are engineered for applications demanding high resistance to moisture and compression, such as inverted roofs, floor slabs, and cavity walls, serving both new construction and renovation markets.

Sustainability & Innovation Initiatives:

• Strong focus on the circular economy with high recycling rates in its glass wool production
• Development of insulation solutions that contribute to nearly Zero-Energy Buildings (nZEB)
• Commitment to reducing the embodied carbon of its product range

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1️⃣ 10. Kingspan Insulation LLC (US Division)

Headquarters: Atlanta, Georgia, USA
Key Offering: Greenguard® Certified XPS Insulation

The North American division of Kingspan focuses on delivering high-performance insulation, including specialized XPS products for the commercial and residential markets. They emphasize solutions that meet strict energy codes and contribute to sustainable building certifications like LEED.

Sustainability & Innovation Initiatives:

• Active promotion of building envelope solutions that drastically reduce energy consumption
• Investment in educational resources for architects and builders on optimal insulation practices
• Alignment with the parent company’s ambitious Planet Passionate sustainability goals

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🏗️ Outlook: The Future of XPS Insulation Is Smarter and More Sustainable

The XPS insulation market is evolving beyond its traditional role, driven by a confluence of regulatory pressure, technological advancement, and a heightened focus on the full lifecycle environmental impact of building materials. While its core properties of moisture resistance and compressive strength remain paramount, the industry is actively innovating for a lower-carbon future.

📈 Key Trends Shaping the Market:

• Accelerated adoption of low-GWP blowing agents to comply with regulations like the US AIM Act and EU F-Gas Regulation
• Growing integration of XPS in energy retrofit projects to improve the performance of existing building stock
• Increased demand from the cold chain logistics sector, driven by growth in perishable goods transportation
• Rising importance of Environmental Product Declarations (EPDs) and green building certifications in product specification

Get Full Report Here: Extruded Polystyrene (XPS) Insulation Material Market – View in Detailed Research Report

The companies leading the XPS market are not just selling insulation boards—they are providing critical components for energy-resilient, durable, and sustainable built environments.