XPS Thermal Insulation Board Market was valued at USD 5.1 Billion in 2022 and is projected to reach USD 8.9 Billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
The XPS (Extruded Polystyrene) Thermal Insulation Board Market has experienced significant growth from 2018 to 2022, driven by the increasing demand for energy-efficient building materials in both residential and commercial sectors. The market was particularly influenced by the rising awareness of energy conservation, which led to a growing preference for insulation materials that help in reducing energy consumption and improving thermal performance. The construction industry's shift toward sustainability and green building practices contributed to this surge. The demand for XPS insulation boards also rose due to their superior thermal insulation properties, moisture resistance, and durability, making them ideal for various applications, including roofs, walls, and floors.
Looking ahead to the period from 2023 to 2033, the XPS thermal insulation board market is expected to continue expanding, but with some noteworthy shifts. The primary growth drivers for the next decade will be the acceleration of eco-friendly building practices, the implementation of stricter energy efficiency standards, and growing urbanization. The construction industry is expected to see increased investments in insulation solutions as part of efforts to comply with environmental regulations and achieve sustainability goals. Furthermore, the adoption of XPS insulation boards in the cold storage and industrial applications is anticipated to grow, driven by the need to maintain stable temperatures in a variety of environments.
As for regional demand, North America and Europe are anticipated to continue dominating the XPS thermal insulation board market, due to their early adoption of energy-efficient building standards and the availability of advanced insulation technologies. However, the Asia-Pacific region is forecast to experience the fastest growth in demand, fueled by rapid industrialization and infrastructural development in countries such as China, India, and Japan. These regions are also benefiting from a rise in the middle class, which increases the demand for more energy-efficient homes and commercial buildings. The evolving construction techniques and the integration of advanced insulation materials into emerging markets are likely to boost XPS insulation's adoption in these regions.
Get an In-Depth Research Analysis of the Global XPS Thermal Insulation Board Market Size And Forecast [2025-2032]
BEWI
DuPont
ALCHIMICA S.A.
Knauf Insulation
Panel Systems
HIRA GROUP
Owens Corning
Carlisle SynTec Systems
Atlas
Huamei Energy-saving Technology Group Co.
LTD.
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.
Get Discount On The Purchase of the Global XPS Thermal Insulation Board Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global XPS Thermal Insulation Board Market
Construction
Industry
Agriculture
Others
Based on Types the Market is categorized into Below types that held the largest XPS Thermal Insulation Board market share In 2023.
50 Mm
75 Mm
100 Mm
Global (United States, Global 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)
For More Information or Query, Visit @ XPS Thermal Insulation Board Market Research Analysis
1. Introduction of the Global 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. Global XPS Thermal Insulation Board Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global XPS Thermal Insulation Board Market, By Type
6. Global XPS Thermal Insulation Board Market, By Application
7. Global XPS Thermal Insulation Board Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global XPS Thermal Insulation Board Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/