The Global Thermal Insulation Material Market was valued at US$ 69.33 Billion in 2023 and is projected to reach US$ 101 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2024–2030). This robust growth is primarily driven by stringent global building energy codes, rising demand for energy-efficient construction, and the accelerating adoption of sustainable building practices across residential, commercial, and industrial sectors.

As the world intensifies its focus on reducing carbon footprints and operational energy costs, the demand for high-performance insulation solutions has skyrocketed. In this blog, we profile the Top 10 Companies in the Thermal Insulation Material Industry—a diverse group of global manufacturers and innovators who are shaping the built environment with advanced materials that enhance energy conservation and occupant comfort.

Download FREE Sample Report: Thermal Insulation Material Market – View in Detailed Research Report

---

🔟 1. Saint-Gobain

Headquarters: Courbevoie, France
Key Offering: Glasswool, Rockwool, Foam Insulation Boards, Technical Insulation

Saint-Gobain is a world leader in the construction materials market, with a vast portfolio of thermal insulation products under brands like ISOVER (glass wool) and RIGIPS (plasterboard systems). The company operates in 76 countries and is at the forefront of developing sustainable and circular economy solutions for the building sector.

Sustainability Initiatives:

• Target of achieving carbon neutrality by 2050

• Heavy investment in recycled content for insulation products

• Pioneering lightweight and high-performance insulation solutions

---

9️⃣ 2. Kingspan Group

Headquarters: Kingscourt, Ireland
Key Offering: Insulated Panels, Insulation Boards, Architectural Facades

Kingspan specializes in high-performance insulation and building envelope solutions. Its innovative products, such as Kooltherm phenolic boards and insulated metal panels, are renowned for their exceptional thermal performance, contributing significantly to reducing building energy consumption globally.

Sustainability Initiatives:

• Net-Zero Energy commitment by 2025

• Planet Passionate sustainability program focusing on carbon, circularity, and water

• Developing bio-based and carbon-negative insulation materials

---

8️⃣ 3. Rockwool International

Headquarters: Hedehusene, Denmark
Key Offering: Stone Wool Insulation for Walls, Roofs, and Facades

Rockwool International is a leading producer of stone wool insulation, made from natural basalt rock. Its products offer excellent fire resistance, acoustic insulation, and thermal performance, making them a preferred choice for commercial, residential, and industrial applications that require durability and safety.

Sustainability Initiatives:

• Ambitious CO2 reduction targets aligned with the Paris Agreement

• Significant use of recycled content in manufacturing processes

• Commitment to making buildings more resilient and energy-efficient

Download FREE Sample Report: Thermal Insulation Material Market – View in Detailed Research Report

---

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 Fiberglas insulation. The company provides comprehensive solutions for thermal, acoustic, and air sealing, serving both new construction and retrofit markets with a strong focus on sustainability.

Sustainability Initiatives:

• Goal to reduce absolute GHG emissions by 50% by 2030

• Product innovations aimed at increasing recycled glass content

• Leadership in energy-efficient building system solutions

---

6️⃣ 5. Knauf Insulation

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

Knauf Insulation is a family-owned company with a significant global presence, known for its ECOSE Technology—a bio-based binder that reduces embodied carbon and improves indoor air quality. Their products are widely used in cavity walls, lofts, and facades.

Sustainability Initiatives:

• Pioneering formaldehyde-free insulation products

• Commitment to circularity with high levels of recycled materials

• Focus on creating healthier and safer built environments

---

5️⃣ 6. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Polyurethane Foams

BASF is a chemical giant with a strong portfolio of high-performance insulation materials, including the renowned Neopor and Styropor brands. Its solutions are engineered for maximum energy savings in a wide range of applications, from building foundations to exterior wall systems.

Sustainability Initiatives:

• Integration of circular economy principles into product design

• Development of insulation materials with lower Global Warming Potential (GWP)

• Active participation in global initiatives for sustainable construction

---

4️⃣ 7. Johns Manville

Headquarters: Denver, Colorado, USA
Key Offering: Fiberglass Insulation, Roofing Insulation, Commercial Insulation

A Berkshire Hathaway company, Johns Manville manufactures a comprehensive line of premium insulation products for building and equipment applications. The company is recognized for its quality, technical expertise, and commitment to sustainable manufacturing practices.

Sustainability Initiatives:

• Focus on reducing the environmental impact of operations and products

• Investment in energy-efficient manufacturing technologies

• Products designed to contribute to green building certifications like LEED

---

3️⃣ 8. GAF Materials Corporation

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

GAF is North America’s largest roofing manufacturer, offering a full system of roofing and insulation solutions. Its high-performance polyiso insulation boards are critical for achieving energy code compliance and reducing HVAC loads in commercial and residential buildings.

Sustainability Initiatives:

• Commitment to sustainable roofing systems that improve energy efficiency

• Development of roofing products with high Solar Reflectance Index (SRI) values

• Industry leadership in waste reduction and recycling programs

Download FREE Sample Report: Thermal Insulation Material Market – View in Detailed Research Report

---

2️⃣ 9. Atlas Roofing Corporation

Headquarters: Wilmington, Delaware, USA
Key Offering: Polyisocyanurate Insulation, Residential & Commercial Roofing

A subsidiary of Huntsman Corporation, Atlas Roofing is a key player in the polyiso insulation market. Its products are known for their high R-value per inch, making them an efficient choice for roof, wall, and foundation insulation in energy-conscious projects.

Sustainability Initiatives:

• Production of insulation with environmentally friendly blowing agents

• Focus on durable products that extend building service life

• Contribution to energy savings and greenhouse gas emission reductions

---

1️⃣ 10. Beijing New Building Material (BNBM) Group

Headquarters: Beijing, China
Key Offering: Gypsum Boards, Glass Wool, Rock Wool, EPS Panels

BNBM Group is a leading building materials company in China, with a rapidly expanding global footprint. It offers a wide range of insulation products and integrated systems that cater to the massive construction demand in Asia-Pacific and beyond, emphasizing green and prefabricated building solutions.

Sustainability Initiatives:

• Strong focus on green building material innovation

• Expansion of production capacity for energy-saving products

• Alignment with China’s national goals for carbon peak and neutrality

Get Full Report Here: Thermal Insulation Material Market – View in Detailed Research Report

---

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

The thermal insulation material market is undergoing a significant transformation. While traditional materials like fiberglass and mineral wool continue to dominate, the industry is rapidly evolving towards bio-based alternatives, smart insulation technologies, and solutions tailored for circular economy principles.

📈 Key Trends Shaping the Market:

• Accelerated adoption of stringent energy codes like IECC and Nearly Zero-Energy Building (NZEB) standards

• Rising demand for retrofit and renovation projects to improve existing building stock efficiency

• Growth in vacuum insulation panels (VIPs) and aerogels for high-performance applications

• Integration of IoT and smart sensors for dynamic insulation performance monitoring

Get Full Report Here: Thermal Insulation Material Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for construction—they are enabling the global transition to energy-efficient, comfortable, and environmentally responsible buildings.