The Global Thermal Insulation Material Market was valued at USD 72.5 Billion in 2024 and is projected to reach USD 102.3 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period (2024–2030). This robust growth is fueled by stringent global energy efficiency regulations, increasing construction activities in emerging economies, and the rising demand for sustainable building solutions. The market spans a wide range of materials including Glass Wool, Stone Wool, PU Foam, Polyisocyanurate (PIR), and others, with primary applications in flat roofs, external walls, internal walls, and various industrial uses.

As the world intensifies its focus on reducing carbon footprints and enhancing building performance, the role of thermal insulation has never been more critical. This blog profiles the Top 10 Companies in the Thermal Insulation Material Industry—a group of global innovators and manufacturers who are setting the standards for energy conservation, fire safety, and sustainable construction worldwide.

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🔟 1. Saint-Gobain

Headquarters: Courbevoie, France
Key Offering: Glass Wool, Stone Wool, PIR Foam Boards

Saint-Gobain is a world leader in the construction materials sector, with a vast portfolio of high-performance insulation products under brands like ISOVER and CertainTeed. The company leverages advanced manufacturing technologies to produce materials that offer superior thermal and acoustic insulation for residential, commercial, and industrial applications.

Sustainability Initiatives:

• Commitment to achieving carbon neutrality by 2050

• Extensive use of recycled content in glass and stone wool production

• Development of circular economy models for construction materials

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9️⃣ 2. Kingspan Group

Headquarters: Kingscourt, Ireland
Key Offering: Insulated Panels, PIR/PUR Boards, Bio-based Insulation

p>Kingspan specializes in high-performance insulation and building envelope solutions. The company is renowned for its innovative insulated metal panels and rigid foam boards that deliver exceptional energy efficiency. Its Planet Passionate sustainability strategy underscores a deep commitment to reducing the environmental impact of the built environment.

Sustainability Initiatives:

• Targeting net-zero carbon manufacturing by 2030

• Investing in bio-based and circular raw materials

• Aiming to deliver a 1 billion liter net water positive impact

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8️⃣ 3. Rockwool International

Headquarters: Hedehusene, Denmark
Key Offering: Stone Wool Insulation for walls, roofs, and facades

Rockwool is a leading producer of stone wool insulation, made from volcanic rock. Its products are non-combustible, water-repellent, and provide excellent thermal and acoustic insulation. The company’s solutions are pivotal in enhancing fire safety and energy efficiency in buildings globally.

Sustainability Initiatives:

• Ambitious CO2 reduction targets aligned with the Paris Agreement

• Significant use of recycled materials in production processes

• Focus on creating a circular built environment

Download FREE Sample Report: Global and United States Thermal Insulation Material Market – View in Detailed Research Report

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7️⃣ 4. Owens Corning

Headquarters: Toledo, Ohio, USA
Key Offering: Fiberglass Insulation, Foam Insulation, Roofing Systems

Owens Corning is a global building and construction materials leader, famous for its pink Fiberglass insulation. The company offers a comprehensive range of products for thermal, acoustic, and fire protection applications, serving both new construction and renovation markets.

Sustainability Initiatives:

• Pledged to reduce absolute greenhouse gas emissions by 50% by 2030

• Pioneering the use of recycled glass in fiberglass manufacturing

• Committed to 100% recyclable or reusable packaging

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6️⃣ 5. Knauf Insulation

Headquarters: Iphofen, Germany
Key Offering: Glass Mineral Wool, Rock Mineral Wool, EPS

Knauf Insulation is a family-owned company with a strong European presence and growing global reach. It is recognized for its Earthwool brand, a bio-based binder technology that reduces embodied energy and improves indoor air quality. The company focuses on creating comfortable, safe, and sustainable buildings.

Sustainability Initiatives:

• Utilization of ECOSE Technology, a bio-based binder

• Targeting a 15% reduction in carbon intensity by 2025

• Strong focus on energy-efficient production facilities

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5️⃣ 6. Johns Manville

Headquarters: Denver, Colorado, USA
Key Offering: Fiberglass Insulation, Foam Board Insulation, Roofing Insulation

A Berkshire Hathaway company, Johns Manville is a leading manufacturer of premium-quality insulation and building products. The company serves commercial, industrial, and residential markets with a focus on innovation, quality, and sustainability.

Sustainability Initiatives:

• Comprehensive water stewardship and waste reduction programs

• Investment in energy-efficient manufacturing technologies

• Development of products that contribute to green building certifications like LEED

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4️⃣ 7. BASF SE (Previously under DowDuPont)

Headquarters: Ludwigshafen, Germany
Key Offering: Neopor and Styropor EPS, Polyurethane Systems

BASF is a chemical giant and a key supplier of raw materials and finished systems for the insulation industry. Its expanded polystyrene (EPS) and polyurethane (PUR) products are widely used for high-performance insulation in walls, roofs, and floors, known for their excellent thermal resistance.

Sustainability Initiatives:

• Committing to net-zero CO2 emissions by 2050

• Developing insulation materials with a lower global warming potential (GWP)

• Promoting circular economy principles in product design

Download FREE Sample Report: Global and United States Thermal Insulation Material Market – View in Detailed Research Report

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3️⃣ 8. GAF

Headquarters: Parsippany, New Jersey, USA
Key Offering: Roofing Insulation Boards, Polyiso Insulation, Residential Insulation

GAF is North America’s largest roofing and waterproofing manufacturer, with a significant stake in the insulation market. Its products are integral to creating high-performance building envelopes, particularly in commercial roofing systems where energy efficiency is paramount.

Sustainability Initiatives:

• Investing in recycling and waste diversion programs

• Developing cooler roofing systems that reduce urban heat island effect

• Commitment to sustainable sourcing and manufacturing practices

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2️⃣ 9. Huntsman International

Headquarters: The Woodlands, Texas, USA
Key Offering: MDI-based Polyurethane Systems for Spray Foam and Boards

Huntsman Polyurethanes is a major global supplier of chemicals used to produce rigid and spray foam insulation. These systems provide superior air sealing and insulating properties, making them ideal for achieving high levels of energy efficiency in buildings.

Sustainability Initiatives:

• Focus on developing low-emission foam technologies

• Integration of renewable content into polyol formulations

• Commitment to responsible chemical management and product stewardship

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1️⃣ 10. BNBM Group

Headquarters: Beijing, China
Key Offering: Gypsum-based Panels, Rock Wool, Glass Wool

Beijing New Building Material (BNBM) Co., Ltd. is a leading building materials company in China. It has a significant market share in thermal insulation products, particularly for the rapidly growing construction sector in Asia-Pacific. The company focuses on green, fire-safe, and high-performance building solutions.

Sustainability Initiatives:

• Promotion of green building materials and prefabricated construction

• Investment in R&D for energy-efficient product innovations

• Aligning with China’s national goals for carbon peaking and neutrality

Get Full Report Here: Global and United States Thermal Insulation Material Market – View in Detailed Research Report

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🏗️ Outlook: The Future of Thermal Insulation is Smarter and More Sustainable

The thermal insulation material market is undergoing a significant transformation driven by the global push for decarbonization. Advances in material science, combined with digitalization and stricter building codes, are creating a new era of high-performance, smart insulation solutions.

📈 Key Trends Shaping the Market:

• Rising demand for bio-based and recycled content in insulation materials

• Integration of Phase Change Materials (PCMs) for dynamic thermal regulation

• Growth of vacuum insulation panels (VIPs) for space-constrained applications

• Increasing focus on fire safety and acoustic performance alongside thermal efficiency

Get Full Report Here: Global and United States Thermal Insulation Material Market – View in Detailed Research Report

The companies profiled are at the forefront of this evolution, not just supplying materials but engineering the very fabric of a more energy-efficient and resilient built environment for future generations.