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    US Industrial Thermal Insulation Market

    ID: MRFR/CnM/18867-HCR
    111 Pages
    Chitranshi Jaiswal
    September 2025

    US Industrial Thermal Insulation Market Research Report By Material (Calcium Silicate, Mineral Fiber, Foamed Plastic, Perlite, Cellular Glass) and By End-user (Petrochemical & Refineries, Power Generation, Aerospace & Defense, Automotive, Others) - Forecast to 2035.

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    US Industrial Thermal Insulation Market Research Report - Forecast Report 2035 Infographic
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    Table of Contents

    US Industrial Thermal Insulation Market Summary

    The US Industrial Thermal Insulation market is projected to grow from 513 million USD in 2024 to 849 million USD by 2035.

    Key Market Trends & Highlights

    US Industrial Thermal Insulation Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 4.69 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 849 million USD, indicating robust growth potential.
    • In 2024, the market is valued at 513 million USD, reflecting a solid foundation for future expansion.
    • Growing adoption of energy-efficient insulation materials due to increasing energy costs is a major market driver.

    Market Size & Forecast

    2024 Market Size 513 (USD Million)
    2035 Market Size 849 (USD Million)
    CAGR (2025-2035) 4.69%

    Major Players

    Insulspan, CertainTeed, BASF, Owens Corning, Knauf Insulation, Mineral Wool, Johns Manville, SaintGobain, Armacell International, Rockwool International, 3M, Kingspan Group, Thermal Ceramics, Dow Inc., Huntsman Corporation

    US Industrial Thermal Insulation Market Trends

    The US Industrial Thermal Insulation Market is experiencing notable trends driven by the increasing focus on energy efficiency and regulatory mandates aimed at reducing energy consumption within various industries. As industrial sectors such as manufacturing and petrochemicals seek to comply with environmental regulations, they are investing in advanced insulation materials that promote better thermal performance. Additionally, there is a growing trend toward sustainable and eco-friendly insulation solutions, with manufacturers developing products using recycled materials or those that have a lower environmental impact.

    Opportunities are present for companies that focus on innovative materials and smart insulation solutions, which can provide enhanced performance while meeting sustainability goals.The push for reducing overall carbon footprints in alignment with governmental policies and incentives encourages the adoption of such technologies. Another key driver is the demand for insulation solutions to protect against extreme temperatures, especially within energy-intensive industries. The harsh climate conditions in certain regions of the US necessitate robust insulation to maintain efficient operations.

    US Industrial Thermal Insulation Market Drivers

    Market Segment Insights

    Industrial Thermal Insulation Market Material Insights

    The Material segment of the US Industrial Thermal Insulation Market encompasses a diverse range of insulating materials with distinct properties, efficacy, and application areas. Calcium silicate is known for its high-temperature resistance and is widely utilized in industries such as power generation and petrochemical for its excellent thermal insulation properties, catering to stringent safety standards.

    Mineral fiber, on the other hand, predominantly comprises fiberglass and rock wool, offering good thermal performance and fire resistance, making it a popular choice across various industrial sectors.Foamed plastic materials, particularly polyisocyanurate and polyurethane, are gaining traction due to their lightweight nature and high R-value, being ideal for energy-efficient construction and refrigeration applications. Perlite serves as an effective insulating material due to its lightweight and fire-retardant properties, benefiting construction and storage sectors alike.

    Meanwhile, cellular glass boasts superior moisture resistance and rigidity, which proves advantageous in applications requiring high durability and insulation under extreme conditions, such as cold storage and utility piping.Each of these materials plays a critical role in enhancing energy efficiency and safety across industries in the US, addressing the growing demand for sustainable construction and energy-saving initiatives. As the focus on energy efficiency and sustainability intensifies, the utilization of advanced materials within the US Industrial Thermal Insulation Market is expected to expand, fostering innovations that meet evolving regulatory standards and consumer preferences.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Industrial Thermal Insulation Market End-user Insights

    The End-user segment of the US Industrial Thermal Insulation Market plays a critical role in the broader market framework, as it encompasses various industries crucial to economic operations. Notably, the Petrochemical and Refineries sector is significant, using thermal insulation for energy efficiency and safety in processes involving high temperatures. Similarly, the Power Generation industry relies on thermal insulation to enhance energy conservation and minimize heat losses, contributing to overall efficiency in electricity production.

    The Aerospace and Defense sector emphasizes high-performance insulation materials that ensure safety and thermal control in aircraft and defense systems.In the Automotive industry, thermal insulation is vital for improving vehicle energy efficiency and passenger comfort by reducing heat loss. Additionally, other industries within this segment also utilize thermal insulation for diverse applications. Growth in this segment has been propelled by rising energy costs and stringent environmental regulations that necessitate improved insulation solutions.

    The US Industrial Thermal Insulation Market segmentation showcases the manifold applications and critical dependencies of these industries on thermal insulation technologies, highlighting their significance in fostering sustainability and promoting energy savings across various sectors.

    Get more detailed insights about US Industrial Thermal Insulation Market Research Report - Forecast Report 2035

    Regional Insights

    Key Players and Competitive Insights

    The US Industrial Thermal Insulation Market is characterized by a diverse range of players, each leveraging unique strengths to enhance their market positioning. Increasing energy efficiency regulations, the emphasis on sustainability, and the growing need for thermal management in various industrial applications are driving innovation and competition in this sector. Businesses are focusing on the development of advanced insulation products tailored to meet the specific requirements of industries such as oil and gas, manufacturing, and power generation.

    As companies strive to differentiate their offerings, the competitive landscape is becoming more dynamic, with firms investing in research and development, strategic partnerships, and customer-centric approaches to capture market share.Insulspan holds a significant presence in the US Industrial Thermal Insulation Market, known for its innovative insulation solutions. The company has managed to build a solid reputation for providing high-performance insulation materials that cater to rigorous industrial standards. Insulspan's strength lies in its advanced technology and commitment to quality, ensuring that its products not only meet but often exceed customer expectations.

    The company's focus on energy efficiency and sustainability aligns well with market trends, making it a preferred choice among various industrial sectors. Moreover, Insulspan's ability to respond swiftly to market demands and customize solutions enhances its competitive edge, positioning it favorably within this niche market.CertainTeed is another prominent player in the US Industrial Thermal Insulation Market, recognized for its comprehensive range of insulation products and services. The company is known for offering high-quality fiberglass insulation, which caters to both residential and industrial applications. CertainTeed’s market presence is strengthened by its longstanding reputation for durability and performance.

    Its strengths include a well-established distribution network and a commitment to innovation, with consistent investment in new technologies and products. The company has also engaged in strategic mergers and acquisitions, allowing it to broaden its product portfolio and penetrate new market segments more effectively. By continuously focusing on customer needs and industry trends, CertainTeed maintains a competitive advantage and enhances its capabilities in the US market.

    Key Companies in the US Industrial Thermal Insulation Market market include

    Industry Developments

    Recent developments in the US Industrial Thermal Insulation Market have shown significant growth and innovation. Companies like Owens Corning and BASF are actively engaging in Research and Development initiatives to enhance insulation materials' performance and sustainability. In September 2023, Rockwool International announced the expansion of its manufacturing facility in the US to meet the growing demand for mineral wool insulation. Additionally, in August 2023, Insulspan unveiled new products focusing on energy efficiency, responding to increased regulatory pressures on energy consumption in industrial applications.

    Mergers and acquisitions have been noteworthy, including the acquisition of a subsidiary by Saint-Gobain in July 2023, enhancing its position in the insulation market. The market has experienced a surge in valuation, making it an attractive sector for investors, driven by rising energy costs and a shift toward environmentally friendly solutions. Furthermore, in the past two years, notable events included the increase in awareness regarding energy efficiency and the regulatory changes impacting thermal insulation materials. As the US continues to prioritize sustainable practices, companies like 3M and Kingspan Group are positioning themselves strategically to capitalize on these trends.

    Market Segmentation

    Outlook

    • Petrochemical & Refineries
    • Power Generation
    • Aerospace & Defense
    • Automotive
    • Others

    Industrial Thermal Insulation Market End-user Outlook

    • Petrochemical & Refineries
    • Power Generation
    • Aerospace & Defense
    • Automotive
    • Others

    Industrial Thermal Insulation Market Material Outlook

    • Calcium Silicate
    • Mineral Fiber
    • Foamed Plastic
    • Perlite
    • Cellular Glass

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 489.6(USD Million)
    MARKET SIZE 2024 513.0(USD Million)
    MARKET SIZE 2035 849.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 4.686% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Insulspan, CertainTeed, BASF, Owens Corning, Knauf Insulation, Mineral Wool, Johns Manville, SaintGobain, Armacell International, Rockwool International, 3M, Kingspan Group, Thermal Ceramics, Dow Inc., Huntsman Corporation
    SEGMENTS COVERED Material, End-user
    KEY MARKET OPPORTUNITIES Energy efficiency regulations, Renewable energy sector growth, Industrial facility upgrades, Sustainable insulation materials demand, Expansion of manufacturing facilities
    KEY MARKET DYNAMICS Growing energy efficiency regulations, Increased demand from industries, Rising construction activities, Technological advancements in materials, Environmental concerns and sustainability
    COUNTRIES COVERED US

    Market Highlights

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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    FAQs

    What is the expected market size of the US Industrial Thermal Insulation Market in 2024?

    The US Industrial Thermal Insulation Market is expected to be valued at 513.0 million USD in 2024.

    What growth rate is anticipated for the US Industrial Thermal Insulation Market from 2025 to 2035?

    The market is projected to grow at a CAGR of 4.686% from 2025 to 2035.

    How much will the US Industrial Thermal Insulation Market be worth by 2035?

    By 2035, the market is expected to reach a valuation of 849.0 million USD.

    What are the key players in the US Industrial Thermal Insulation Market?

    Major players include Insulspan, CertainTeed, BASF, Owens Corning, and Knauf Insulation among others.

    What is the projected market size for Calcium Silicate in 2035?

    The market for Calcium Silicate is expected to be valued at 200.0 million USD in 2035.

    What is the expected size of the Mineral Fiber segment by 2035?

    In 2035, the Mineral Fiber segment is expected to reach 250.0 million USD.

    How much is the Foamed Plastic segment projected to be valued at in 2035?

    The Foamed Plastic segment is anticipated to be valued at 210.0 million USD in 2035.

    What challenges does the US Industrial Thermal Insulation Market face?

    The market may face challenges like fluctuating raw material costs and regulatory changes.

    What are the growth drivers for the US Industrial Thermal Insulation Market?

    Growth drivers include increasing energy efficiency regulations and rising industrial activities.

    What could be the impact of global economic conditions on the market?

    Current global economic conditions may affect material availability and pricing within the market.

    1. EXECUTIVE SUMMARY
    2. Market Overview
    3. Key Findings
    4. Market Segmentation
    5. Competitive Landscape
    6. Challenges and Opportunities
    7. Future Outlook
    8. MARKET INTRODUCTION
    9. Definition
    10. Scope of the study
    11. Research Objective
    12. Assumption
    13. Limitations
    14. RESEARCH METHODOLOGY
    15. Overview
    16. Data Mining
    17. Secondary Research
    18. Primary Research
    19. Primary Interviews and Information Gathering Process
    20. Breakdown of Primary Respondents
    21. Forecasting Model
    22. Market Size Estimation
    23. Bottom-Up Approach
    24. Top-Down Approach
    25. Data Triangulation
    26. Validation
    27. MARKET DYNAMICS
    28. Overview
    29. Drivers
    30. Restraints
    31. Opportunities
    32. MARKET FACTOR ANALYSIS
    33. Value chain Analysis
    34. Porter's Five Forces Analysis
    35. Bargaining Power of Suppliers
    36. Bargaining Power of Buyers
    37. Threat of New Entrants
    38. Threat of Substitutes
    39. Intensity of Rivalry
    40. COVID-19 Impact Analysis
    41. Market Impact Analysis
    42. Regional Impact
    43. Opportunity and Threat Analysis
    44. US Industrial Thermal Insulation Market, BY Material (USD Million)
    45. Calcium Silicate
    46. Mineral Fiber
    47. Foamed Plastic
    48. Perlite
    49. Cellular Glass
    50. US Industrial Thermal Insulation Market, BY End-user (USD Million)
    51. Petrochemical & Refineries
    52. Power Generation
    53. Aerospace & Defense
    54. Automotive
    55. Others
    56. Competitive Landscape
    57. Overview
    58. Competitive Analysis
    59. Market share Analysis
    60. Major Growth Strategy in the Industrial Thermal Insulation Market
    61. Competitive Benchmarking
    62. Leading Players in Terms of Number of Developments in the Industrial Thermal Insulation Market
    63. Key developments and growth strategies
    64. New Product Launch/Service Deployment
    65. Merger & Acquisitions
    66. Joint Ventures
    67. Major Players Financial Matrix
    68. Sales and Operating Income
    69. Major Players R&D Expenditure. 2023
    70. Company Profiles
    71. Insulspan
    72. Financial Overview
    73. Products Offered
    74. Key Developments
    75. SWOT Analysis
    76. Key Strategies
    77. CertainTeed
    78. Financial Overview
    79. Products Offered
    80. Key Developments
    81. SWOT Analysis
    82. Key Strategies
    83. BASF
    84. Financial Overview
    85. Products Offered
    86. Key Developments
    87. SWOT Analysis
    88. Key Strategies
    89. Owens Corning
    90. Financial Overview
    91. Products Offered
    92. Key Developments
    93. SWOT Analysis
    94. Key Strategies
    95. Knauf Insulation
    96. Financial Overview
    97. Products Offered
    98. Key Developments
    99. SWOT Analysis
    100. Key Strategies
    101. Mineral Wool
    102. Financial Overview
    103. Products Offered
    104. Key Developments
    105. SWOT Analysis
    106. Key Strategies
    107. Johns Manville
    108. Financial Overview
    109. Products Offered
    110. Key Developments
    111. SWOT Analysis
    112. Key Strategies
    113. SaintGobain
    114. Financial Overview
    115. Products Offered
    116. Key Developments
    117. SWOT Analysis
    118. Key Strategies
    119. Armacell International
    120. Financial Overview
    121. Products Offered
    122. Key Developments
    123. SWOT Analysis
    124. Key Strategies
    125. Rockwool International
    126. Financial Overview
    127. Products Offered
    128. Key Developments
    129. SWOT Analysis
    130. Key Strategies
    131. M
    132. Financial Overview
    133. Products Offered
    134. Key Developments
    135. SWOT Analysis
    136. Key Strategies
    137. Kingspan Group
    138. Financial Overview
    139. Products Offered
    140. Key Developments
    141. SWOT Analysis
    142. Key Strategies
    143. Thermal Ceramics
    144. Financial Overview
    145. Products Offered
    146. Key Developments
    147. SWOT Analysis
    148. Key Strategies
    149. Dow Inc.
    150. Financial Overview
    151. Products Offered
    152. Key Developments
    153. SWOT Analysis
    154. Key Strategies
    155. Huntsman Corporation
    156. Financial Overview
    157. Products Offered
    158. Key Developments
    159. SWOT Analysis
    160. Key Strategies
    161. References
    162. Related Reports
    163. US Industrial Thermal Insulation Market SIZE ESTIMATES & FORECAST, BY MATERIAL, 2019-2035 (USD Billions)
    164. US Industrial Thermal Insulation Market SIZE ESTIMATES & FORECAST, BY END-USER, 2019-2035 (USD Billions)
    165. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    166. ACQUISITION/PARTNERSHIP
    167. MARKET SYNOPSIS
    168. US INDUSTRIAL THERMAL INSULATION MARKET ANALYSIS BY MATERIAL
    169. US INDUSTRIAL THERMAL INSULATION MARKET ANALYSIS BY END-USER
    170. KEY BUYING CRITERIA OF INDUSTRIAL THERMAL INSULATION MARKET
    171. RESEARCH PROCESS OF MRFR
    172. DRO ANALYSIS OF INDUSTRIAL THERMAL INSULATION MARKET
    173. DRIVERS IMPACT ANALYSIS: INDUSTRIAL THERMAL INSULATION MARKET
    174. RESTRAINTS IMPACT ANALYSIS: INDUSTRIAL THERMAL INSULATION MARKET
    175. SUPPLY / VALUE CHAIN: INDUSTRIAL THERMAL INSULATION MARKET
    176. INDUSTRIAL THERMAL INSULATION MARKET, BY MATERIAL, 2025 (% SHARE)
    177. INDUSTRIAL THERMAL INSULATION MARKET, BY MATERIAL, 2019 TO 2035 (USD Billions)
    178. INDUSTRIAL THERMAL INSULATION MARKET, BY END-USER, 2025 (% SHARE)
    179. INDUSTRIAL THERMAL INSULATION MARKET, BY END-USER, 2019 TO 2035 (USD Billions)
    180. BENCHMARKING OF MAJOR COMPETITORS

    US Industrial Thermal Insulation Market Segmentation

     

     

     

    • Industrial Thermal Insulation Market By Material (USD Million, 2019-2035)

      • Calcium Silicate
      • Mineral Fiber
      • Foamed Plastic
      • Perlite
      • Cellular Glass

     

    • Industrial Thermal Insulation Market By End-user (USD Million, 2019-2035)

      • Petrochemical & Refineries
      • Power Generation
      • Aerospace & Defense
      • Automotive
      • Others

     

     

     

     

     

     

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    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

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    Case Study

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