Spain Building Thermal Insulation Market Size & Outlook
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Spain building thermal insulation market highlights
- The Spain building thermal insulation market generated a revenue of USD 398.5 million in 2024 and is expected to reach USD 573.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.3% from 2025 to 2030.
- In terms of segment, glass wool was the largest revenue generating product in 2024.
- EPS is the most lucrative product segment registering the fastest growth during the forecast period.
Building thermal insulation market data book summary
| Market revenue in 2024 | USD 398.5 million |
| Market revenue in 2030 | USD 573.0 million |
| Growth rate | 6.3% (CAGR from 2025 to 2030) |
| Largest segment | Glass wool |
| Fastest growing segment | EPS |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral Wool, EPS, Glass Wool, Cellulose, XPS, PIR, PUR |
| Key market players worldwide | Rockwool AS Class B, GAF, Guardian Capital Group Ltd, Huntsman Corp, Johns Manville, Atlas Roofing, CertainTeed Corporation, Dow Building Solutions, Owens-Corning Inc, Compagnie de Saint-Gobain SA, Kingspan Group PLC, Cellofoam, Rockwool, Byucksan, BASF |
Other key industry trends
- In terms of revenue, Spain accounted for 1.5% of the global building thermal insulation market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany building thermal insulation market is projected to lead the regional market in terms of revenue in 2030.
- Poland is the fastest growing regional market in Europe and is projected to reach USD 487.3 million by 2030.
Glass wool was the largest segment with a revenue share of 34.76% in 2024. Horizon Databook has segmented the Spain building thermal insulation market based on mineral wool, eps, glass wool, cellulose, xps, pir, pur covering the revenue growth of each sub-segment from 2018 to 2030.
The building thermal insulation market in Spain is expected to witness a considerable growth in the foreseeable future, owing to the substantial surge in residential construction activities, driven by longterm investments in the sector.
The rebound of construction sector in the country owing to the economic recovery and increased foreign investments, following years of severe recession, is anticipated to boost construction activities, thereby fueling the demand for building thermal insulation over the forecast period.
Increased rate of tourism, retail trade, and business turnover are projected to boost commercial construction including hotels & restaurants, resorts, shopping malls, supermarkets, and offices. The government of Spain provides a universal healthcare system to its citizens.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| BASF | View profile | 10001+ | Florham Park, New Jersey, United States, North America | https://pharma.basf.com |
| Byucksan | View profile | - | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://byucksan.com/ |
| Rockwool | View profile | 1001-5000 | Milton, Ontario, Canada, North America | https://www.rockwool.com/ |
| Cellofoam | View profile | 51-100 | Biberach, Bayern, Germany, Europe | https://www.cellofoam.de |
| Dow Building Solutions | View profile | 10001+ | Midland, Michigan, United States, North America | http://building.dow.com |
| CertainTeed Corporation | View profile | 5001-10000 | Signal Mountain, Tennessee, United States, North America | http://www.certainteed.com/ |
| Atlas Roofing | View profile | 1001-5000 | Atlanta, Georgia, United States, North America | https://www.atlasroofing.com |
| GAF | View profile | 5001-10000 | Wayne, New Jersey, United States, North America | http://www.gaf.com/ |
| Rockwool AS Class B | View profile | 12017 | Hovedgaden 584, Hedehusene, Denmark, 2640 | https://www.rockwool.com |
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Johns Manville | View profile | 5001-10000 | Denver, Colorado, United States, North America | http://www.jm.com/ |
| Guardian Capital Group Ltd | View profile | 359 | Commerce Court West, Suite 3100, P.O. Box 201, Toronto, ON, Canada, M5L 1E8 | https://www.guardiancapital.com |
| Kingspan Group PLC | View profile | 22384 | Dublin Road, Kingscourt, County Cavan, Ireland, A82 XY31 | https://www.kingspan.com |
| Compagnie de Saint-Gobain SA | View profile | 168508 | 12, Place de l'Iris, Tour Saint-Gobain, Courbevoie, France, 92400 | http://www.saint-gobain.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
Spain building thermal insulation market size, by product, 2018-2030 (US$M)
Spain Building Thermal Insulation Market Outlook Share, 2024 & 2030 (US$M)
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