High-Performance Insulation Materials Market Size

High-Performance Insulation Materials Market Future Prospects

The global high-performance insulation materials market size is USD 6,981.9 million in 2024, and it will grow at a CAGR of 8.2% during 2025–2030, to reach USD 11,096.8 million by 2030. This is credited to the growing usage of these materials in the oil & gas industry and rising concerns regarding greenhouse gas emissions and energy saving. Essentially, the worldwide insulation industry is primarily driven by the rising demand for residential and commercial insulation. The ultra-thin and lightweight characteristics of these materials allow them to be used for insulating vessels, tanks, pipe supports, sulfur recovery, industrial pipping, and furnaces.

As per data analysis, around 40% of the energy is consumed in buildings annually. As per a recent report, global electricity generation increased by 6.2% in 2021 over last year, to meet the increasing demand since the resumption of many of the economic activities post the lifting of the lockdowns. The use of high-performance insulation materials, such as aerogel, vacuum insulation panels, fiberglass, and ceramic fibers, can reduce energy consumption considerably, as they have a lower density and lower thermal conductivity.