Thermal Insulation Market Forecast to 2028 - COVID-19 Impact and Global Analysis
The thermal insulation market is expected to grow from $53.39 billion in 2022 to $72.9 billion by 2028; it is expected to grow at a CAGR of 5.3 percent from 2022 to 2028.
The thermal insulation market growth is driven by the increasing spending on the construction industry by various governments of different countries. The demand for thermal insulation has increased, as it reduces heat movements and vapor condensation. It prevents humidity, mold, freezing and deformation. Moreover, increasing government initiatives for promoting the construction of the green building is bolstering the thermal insulation market growth.