How Big is the India Building Insulation Materials Market?
The India Building Insulation Materials Market size is valued at around USD 29.6 billion in 2024 and is anticipated to reach around USD 38.4 billion by 2030. The market is expected to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024-30. Insulation materials are crucial to maintain energy efficiency and temperature control in buildings. With an increased focus on energy conservation and sustainability, and better comfort inside the buildings, a rise can be observed in demand for insulation materials. The India Building Insulation Materials Market is expected to have steady revenue growth owing to various factors such as rapid infrastructure development, rising population, increasing urbanization, and rising standard of living.
Market Statistics
- Market Size in 2024: USD 29.6 billion
- Market Size By 2030: USD 38.4 billion
- Market Growth Rate (CAGR): 4.2% from 2024-2030
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India Building Insulation Materials Market Insight:
Driver-
Emphasis on Green Infrastructure Development – The Indian economy is growing rapidly and infrastructure development is a crucial part of it. The government has launched various projects and schemes to develop infrastructure such as housing for all, smart city initiatives, business parks, and many others. Additionally, initiatives taken to attract FDI proved to be fruitful and the inflow of FDI increased significantly further promoting infrastructure development as various companies set up shop in India. With the government emphasizing green buildings to achieve the net zero target and energy conservation, the adoption of insulation will increase and be used in various sectors. This will drive market growth & expansion and pave a path for steady growth alongside infrastructure development in India.
India Building Insulation Materials Market Segmentation:
The report has segmented the market into the following categories:
By Material Type
- Fiberglass- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Mineral Wool- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Cellulose- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Polyurethane Foam- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Polystyrene- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Polyisocyanurate- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Others- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
By Application
- Roof/Ceiling Insulation- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Floor Insulation- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Wall Insulation- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Window Insulation- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
By End User
- Residential- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Non-Residential- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Commercial Buildings- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Offices- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Educational Institutions- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Others- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
By Region
- North
- South
- East
- West
- North East
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Competitive Landscape:
- Lloyd Insulations India Limited
- Neo Thermal Insulation
- Rockwool India
- National Industrial Co
- Knauf Insulation
- Saint-Gobain India
- Huntsman Advanced Materials (India) Pvt. Ltd.
- BASF India
- NATRAJ INSULATION
- Duratuf Products Pvt. Ltd.
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2024-2030)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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