
India Building Insulation Materials Market Research Report: Forecast (2024-2030)
India Building Insulation Materials Market Report - By Material Type (Fiberglass, Mineral Wool, Cellulose, Polyurethane Foam, Polystyrene, Polyisocyanurate, Others), By Application...(Roof/Ceiling Insulation, Floor Insulation, Wall Insulation, Window Insulation), By End User (Residential, Non-Residential), (Commercial Buildings, Offices, Educational Institutions, Others), and Others Read more
- Buildings, Construction, Metals & Mining
- Sep 2024
- 139
- PDF, Excel, PPT
Market Definition
Insulation materials are installed in buildings to provide resistance to heat flow. Heat flows from warmer to cooler areas until the temperature difference is neutralized, meaning warm air flows out in winter and flows in during summer, insulation materials reduce this flow trapping the cold or warm air inside. This can significantly reduce a building’s heating and cooling costs and increase the comfort inside.
Market Insights & Analysis: India Building Insulation Materials Market (2024-30):
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.
Infrastructure in India is developing rapidly, the government has introduced various large-scale projects for residential and non-residential purposes such as urban transformation schemes, smart city initiatives, business parks and special economic zones, and housing for all among various other projects and schemes, which compliance to the regulations, will increase the use of insulations for building structures and fittings. With increasing FDI, industrial growth has been fast, demanding more buildings for plants, offices, and others. This boosted the construction sector. The Government's focus on sustainable and energy-efficient construction to reduce the country’s carbon footprint and reach its green goal will boost the adoption of insulation materials and present the insulation market players with lucrative growth opportunities.
Report Coverage | Details |
---|---|
Historical Years | 2019-22 |
Base Years
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2023
|
Forecast Years
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2024-30
|
Market Value in 2024 | USD 29.6 Billion |
Market Value 2030 | USD 38.4 Billion |
CAGR (2024-30) | 4.2% |
Top Key Players | 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., and others |
Key Report Highlights |
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Moreover, the population of India is rapidly growing. As per the statistics by the government of India, the population in the country reached approximately 1.4 billion in 2022 with an annual growth rate of around 0.7%. Along with this, the urbanization rate in India is to see a significant increase and is projected to stand at 675 million by 2035 according to the UN. This will raise the demand for housing and commercial buildings such as malls, shops, offices, and others, increasing construction activities. With stringent rules regarding the use of insulation, while constructing a new building, the insulation materials industry will grow.
Additionally, the GDP of India is growing at a pace, increase in per capita income and disposable income is observed, this raised the standard of living among the Indian population. As a result, demand for modular housing that is sustainable and energy efficient increased. This instigated the builders and developers to adopt different construction practices to build more efficient and sustainable structures, increasing the size & volume of the India Building Insulation Materials Industry.

India Building Insulation Materials Market 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 Challenge:
Rising Adoption of Substitute Building Insulation Materials – Recently the adoption of alternatives to traditional building insulation materials has been on a rapid incline due to government policies to promote green culture, the rising awareness about environment-friendly items, etc. The use of traditional synthetic materials has steadily decreased with the introduction of materials such as cotton, sheep's wool, straw, hemp, etc. These materials are becoming increasingly popular both in the residential and commercial sectors especially due to the consumers becoming more conscious of the environmental impact of the materials they use in their buildings. Hence, resulting in a decline in demand for synthetic insulation materials.
These natural materials are also being increasingly used in green building concepts and are much more affordable than traditional ones. Thus, overall the availability of these alternative natural insulation solutions poses a significant challenge for the traditional synthetic insulation materials, Thus, impacting the revenue growth of the building insulation materials industry in India.
India Building Insulation Materials Market Trend:
Emergence of Green Building Concept Changing Market Outlook – There is a growing emphasis on the concept of green buildings. The ‘national mission on sustainable habitat’ which solely focuses on “Energy and Green Buildings” is one of the ambitious missions of India which aspires to achieve more green infrastructure to make sure that cities are resilient to face the aftermath effects of climate change. With the increase in green buildings nationwide there is an increase in the requirement for specialized building insulation materials to be included in the construction of such buildings. Thus helping in the green building certification.
Also, the government of the country offers tax benefits to developers of LEED-certified buildings under the Income Tax Act. Such tactics by the government further encourage top market players to construct green buildings which will create demand for such insulation materials. Thus, the emergence of the green building concept is changing the market outlook and is anticipated to offer ample space for future growth & expansion of the Building Insulation Materials Industry.
India Building Insulation Materials Market (2024-30): Segmentation Analysis
The India Building Insulation Materials Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the national level. Based on the analysis, the market has been further classified as:
Based on End User:
- Residential
- Non-Residential
The residential segment is expected to see significant growth during the forecast period due to rapid population rise, increasing urbanization, and rising standard of living. According to government statistical reports, the country’s population was over 1.4 billion in the year 2022 and is rising at an annual growth rate of 0.7%. Additionally, urbanization is to see a significant rise and is forecasted to stand at around 675 million by 2035 according to the UN. This will create pressure on the construction segment to fulfill the requirements for various residential buildings. With the government enforcing regulations surrounding the construction sector, the use of insulation is mandatory.
Therefore, Builders and developers will have to install insulation in all the buildings, making them more efficient and taking another step toward the goal of net zero and green buildings. Moreover, the standard of living and awareness is rising among the Indian population, and with it, the demand for more efficient houses increased further augmenting the segmental revenue growth.
Based on Material Type:
- Fiberglass
- Mineral Wool
- Cellulose
- Polyurethane Foam
- Polystyrene
- Polyisocyanurate
- Others
Though polyurethane foam is the most effective insulation material with an R-value (unit of thermal resistance) of 6.3 per inch and functioning as a heat and sound barrier, fiberglass is the most common insulation material used for insulation of building envelopes due to its affordability and effectiveness. Fiberglass is a fire-resistant material made out of recycled glass by weaving fine strands of glass into insulation sheets. It also comes in solid slabs. Fiberglass offers an R-value of 2.9 to 3.8 per inch. Fiberglass ensures safety while providing insulation, hence a popular choice among builders and homeowners alike. Although, the popularity of organic insulation materials such as hemp and straw is rising due to the low cost and appeal as a zero-carbon, natural product, Thus, fiberglass material type leads the industry and is anticipated to hold the largest market share during the forecast period as well.
India Building Insulation Materials Industry Recent Development:
- 2023: Saint-Gobain has entered into a definitive agreement to acquire U.P. Twiga Fiberglass Ltd. (UP Twiga), the leader in the glass wool insulation market in India.
Gain a Competitive Edge with Our India Building Insulation Materials Market Report
- India Building Insulation Materials Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
- This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
- India Building Insulation Materials Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.
*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Frequently Asked Questions
- Market Segmentation
- Introduction
- Market Definition
- Research Process
- Assumption
- Executive Summary
- India Building Insulation Materials Market Trends & Development
- India Building Insulation Materials Market Dynamics
- Growth Drivers
- Challenges
- India Building Insulation Materials Market Hotspot & Opportunities
- India Building Insulation Materials Market Supply Chain Analysis
- India Building Insulation Materials Market Pricing Analysis
- India Building Insulation Materials Market Regulation & Policy
- India Building Insulation Materials Market Outlook, 2019- 2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Quantity Sold (Kilo Tons)
- Market Share & Analysis
- 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
- By Company
- Competition Characteristics
- Revenue Shares of Leading Company
- By Material Type
- Market Size & Analysis
- India Roof/Ceiling Insulation Materials Market Outlook, 2019- 2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Quantity Sold (Kilo Tons)
- Market Share & Analysis
- By Material Type- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By End User- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Market Size & Analysis
- India Floor Insulation Materials Market Outlook, 2019- 2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Quantity Sold (Kilo Tons)
- Market Share & Analysis
- By Material Type- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By End User- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Market Size & Analysis
- India Wall Insulation Materials Market Outlook, 2019- 2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Quantity Sold (Kilo Tons)
- Market Share & Analysis
- By Material Type- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By End User- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Market Size & Analysis
- India Window Insulation Materials Market Outlook, 2019- 2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Quantity Sold (Kilo Tons)
- Market Share & Analysis
- By Material Type- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- By End User- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Market Size & Analysis
- India Building Insulation Materials Market Key Strategic Imperatives for Success & Growth
- Competitive Outlook
- Company Profiles
- Lloyd Insulations India Limited
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Neo Thermal Insulation
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Rockwool India
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- National Industrial Co
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Knauf Insulation
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Saint-Gobain India
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Huntsman Advanced Materials (India) Pvt. Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- BASF India
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- NATRAJ INSULATION
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Duratuf Products Pvt. Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- Lloyd Insulations India Limited
- Company Profiles
- Disclaimer
