United States XPS Thermal Insulation Board Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.6 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The US XPS Thermal Insulation Board market has witnessed significant growth in recent years, driven by increasing demand from various industries such as construction, automotive, and manufacturing. XPS (Extruded Polystyrene) boards offer exceptional thermal insulation properties, making them an essential material for energy-efficient building practices and advanced insulation technologies. These boards are known for their moisture resistance, high strength, and durability, which is why they are preferred over other types of insulation materials like fiberglass or expanded polystyrene (EPS).
In the construction industry, the demand for XPS thermal insulation boards is particularly high. Builders and contractors are turning to these boards for insulation in walls, roofs, and floors due to their ability to provide long-lasting thermal performance in both commercial and residential buildings. This demand is further fueled by the growing focus on energy conservation and the adoption of green building practices across the country. Energy-efficient buildings help reduce utility costs and carbon footprints, making XPS boards an ideal choice for modern construction projects.
Another significant requirement for XPS thermal insulation boards comes from the automotive industry. These boards are used to insulate vehicle parts, such as dashboards, door panels, and floor sections. By reducing thermal transfer, XPS boards contribute to improved energy efficiency in vehicles, especially electric cars, where maximizing battery life and minimizing energy consumption is crucial. Their lightweight and durable nature make them suitable for automotive applications, providing insulation without adding unnecessary weight to the vehicle structure.
Furthermore, the manufacturing sector has also shown interest in the use of XPS thermal insulation boards. The material's thermal resistance and robust properties make it useful for insulating industrial equipment, storage facilities, and cold storage units. By preventing temperature fluctuations, XPS boards help maintain consistent conditions in sensitive environments, ensuring product quality and safety.
Overall, the US XPS Thermal Insulation Board market continues to grow, with strong demand emerging from industries focused on energy efficiency, cost reduction, and sustainable building practices. As technology advances and the need for insulation materials increases, XPS boards will remain a key player in providing effective and reliable solutions across multiple sectors.
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BEWI
DuPont
ALCHIMICA S.A.
Knauf Insulation
Panel Systems
HIRA GROUP
Owens Corning
Carlisle SynTec Systems
Atlas
Huamei Energy-saving Technology Group Co.
LTD.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US XPS Thermal Insulation Board Market
Roofing Insulation
Wall Insulation
Floor Insulation
Foundation Insulation
Industrial Applications
Extruded Polystyrene (XPS)
Composite XPS Boards
Specialty XPS Boards
Residential Construction
Commercial Construction
Industrial Construction
Agricultural Buildings
Infrastructure Projects
Density
Thermal Conductivity
Compressive Strength
Moisture Resistance
Fire Resistance Ratings
Direct Sales
Distributors
Online Retailers
Building Material Suppliers
Specialty Insulation Providers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US XPS Thermal Insulation Board Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US XPS Thermal Insulation Board Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US XPS Thermal Insulation Board Market, By Type
6. US XPS Thermal Insulation Board Market, By Application
7. US XPS Thermal Insulation Board Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US XPS Thermal Insulation Board Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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