North America Building Thermal Insulation Market Size is Expected to Reach USD 13.83 billion by 2027
North America Building Thermal Insulation Industry Overview The North America building thermal insulation market size was estimated at USD 11.13 billion in 2019. It is expected to expand at a compounded annual growth rate (CAGR) of 2.7%, in terms of revenue, from 2020 to 2027. Favorable regulations, owing to the focus on lowering overall energy consumption, are likely to be a significant factor in the rising popularity of building thermal insulation materials. Thermal insulation materials help reduce the heat buildup within the buildings which helps the main nominal temperature inside the households, leading to a reduction in the energy costs. High demand for the product for promoting thermal energy conservation in low-income households through federal funding is expected to drive product growth in the region. The U.S. market is expected to witness sustainable growth over the forecast period due to the change in the country's construction sector. Increased demand for energy-ef...