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Mexico Thermal Insulation Material Market By Material Type (Stone Wool, Fiber Glass, Plastic Foam, Others); By Temperature Range (-160°C to -50°C, -49°C to 0°C, 1°C to 100°C, 101°C to 650°C) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Mexico Thermal Insulation Material Market Size 2023	USD 1.81 million
Mexico Thermal Insulation Material Market, CAGR	3.83%
Mexico Thermal Insulation Material Market Size 2032	USD 2.53 million

Market Overview

Mexico Thermal Insulation Material market size was valued at USD 1.81 million in 2023 and is anticipated to reach USD 2.53 million by 2032, at a CAGR of 3.83% during the forecast period (2023-2032).

The Mexico Thermal Insulation Material market is driven by increasing demand for energy-efficient solutions across various sectors, particularly construction and industrial applications. Rising energy costs and the need for reducing carbon footprints are propelling the adoption of thermal insulation materials to enhance energy efficiency in buildings. Additionally, government initiatives promoting green building practices and energy conservation are further supporting market growth. The construction industry’s focus on sustainability, coupled with the expansion of residential and commercial projects, is driving the need for advanced insulation materials. Trends indicate a shift towards eco-friendly and sustainable insulation options, such as recycled and biodegradable materials. The growing emphasis on reducing energy consumption in both new constructions and retrofitting existing buildings is creating new opportunities for innovation in insulation technologies, ensuring long-term growth for the market.

The Mexico thermal insulation material market is driven by key regions like Mexico City, Monterrey, Guadalajara, and Tijuana, each contributing to the growing demand for energy-efficient solutions. Mexico City, as the nation’s capital, leads the market with high demand in both residential and industrial sectors. Monterrey follows closely, driven by its industrial base, particularly in manufacturing and energy-intensive industries. Guadalajara, with its expanding infrastructure, boosts demand for thermal insulation, while Tijuana’s proximity to the U.S. border accelerates growth in manufacturing. Key players in the market include global companies such as BASF SE, Saint Gobain SA, Owens Corning, Kingspan Group, and Knauf Insulation, alongside regional manufacturers. These companies offer a diverse range of insulation materials, including fiberglass, stone wool, and foam, catering to various industrial and construction needs. Their focus on innovation, sustainability, and energy-efficient solutions continues to shape the market’s competitive landscape.

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Market Insights

The Mexico thermal insulation material market was valued at USD 1.81 million in 2023 and is projected to reach USD 2.53 million by 2032, growing at a CAGR of 3.83% during the forecast period (2023-2032).
The market is primarily driven by the increasing demand for energy-efficient solutions in both residential and industrial sectors.
Growing awareness of environmental sustainability is pushing the adoption of eco-friendly insulation materials.
Rising energy costs and stringent building regulations are further promoting the use of thermal insulation to reduce energy consumption.
Key market trends include the shift toward eco-friendly materials, integration of smart insulation technologies, and a growing focus on retrofitting older buildings.
The competitive landscape is dominated by companies such as BASF SE, Saint Gobain SA, and Owens Corning, with emphasis on innovation and sustainability.
Regional analysis reveals significant demand in Mexico City, Monterrey, Guadalajara, and Tijuana, with each region contributing to the market’s growth.

Market Drivers

Growing Demand for Energy Efficiency

The increasing need for energy-efficient solutions in Mexico is one of the primary drivers of the thermal insulation material market. As energy costs continue to rise, both residential and commercial sectors are seeking ways to reduce their energy consumption. For instance, the Mexican government has emphasized energy efficiency as a key priority in its National Energy Strategy, aiming to enhance productivity and competition in the sector. Thermal insulation materials play a crucial role in minimizing heat loss or gain, thus enhancing the energy efficiency of buildings and reducing the need for heating or cooling. This demand is particularly strong in regions experiencing extreme temperature fluctuations, where energy conservation is essential. In addition, insulation materials are vital for the efficient performance of industrial processes, where energy usage is often high. As such, businesses across sectors are investing in insulation technologies to cut costs and improve energy performance, further fueling market growth.

Government Initiatives and Regulations

Government regulations and initiatives focused on sustainability and energy conservation are another significant factor driving the thermal insulation material market in Mexico. Policies aimed at reducing greenhouse gas emissions and increasing energy efficiency have created a favorable environment for the adoption of insulation materials. For example, Mexico’s commitment to global climate agreements and its Nationally Determined Contributions (NDCs) to reduce carbon emissions has spurred investments in energy-efficient technologies, including thermal insulation. Additionally, local building codes and standards are being updated to encourage the use of energy-efficient materials in construction projects. These regulatory measures not only promote environmental sustainability but also incentivize the construction industry to adopt insulation solutions, thereby boosting market demand.

Expansion of the Construction Sector

The rapid expansion of Mexico’s construction sector is a key driver of the thermal insulation material market. As urbanization continues to rise, more residential, commercial, and industrial projects are being developed. This growth in construction activity presents a significant opportunity for insulation materials, as they are essential components in building design, especially in energy-efficient structures. The increase in construction projects, including both new developments and renovation projects, has accelerated the need for advanced insulation solutions that can meet modern energy efficiency standards. With the growing trend toward eco-friendly and sustainable buildings, insulation materials are becoming a priority in design specifications. The continued expansion of construction and infrastructure projects across Mexico is expected to provide sustained demand for thermal insulation products.

Focus on Sustainable and Green Building Practices

A growing emphasis on sustainability and green building practices is driving the demand for eco-friendly thermal insulation materials in Mexico. As environmental awareness increases, both consumers and businesses are prioritizing sustainable construction practices, including the use of recyclable, biodegradable, or low-impact insulation materials. Insulation products made from natural fibers, recycled content, and other environmentally friendly materials are gaining traction due to their reduced environmental footprint. Additionally, green certifications and sustainability standards such as LEED (Leadership in Energy and Environmental Design) are encouraging the adoption of energy-efficient materials, including thermal insulation. This trend toward sustainable building practices is expected to continue gaining momentum, further expanding the market for eco-conscious insulation materials. As the focus on reducing environmental impacts intensifies, the demand for high-performance, sustainable thermal insulation solutions is anticipated to grow, shaping the future of the market.

Market Trends

Shift Toward Eco-Friendly Insulation Materials

One of the key market trends in the Mexico thermal insulation material industry is the increasing demand for eco-friendly and sustainable products. With growing environmental concerns and the push for sustainable development, both consumers and businesses are gravitating toward insulation materials made from natural, recyclable, or biodegradable resources. Materials such as cellulose, cotton, sheep wool, and hemp are becoming more popular due to their minimal environmental impact compared to traditional synthetic options. Additionally, these materials offer excellent thermal properties, ensuring energy efficiency while supporting eco-conscious construction practices. As the construction sector prioritizes green building certifications like LEED, the trend toward using environmentally friendly insulation materials is expected to continue shaping the market landscape.

Integration of Smart Insulation Technologies

Another emerging trend in the thermal insulation material market in Mexico is the integration of smart insulation technologies. The increasing adoption of smart homes and buildings has created a demand for insulation materials that can interact with digital systems for enhanced energy efficiency. Smart insulation materials, such as those with embedded sensors or temperature-responsive properties, allow for real-time monitoring and adjustments, improving energy management. These advanced materials are becoming particularly relevant in sectors such as residential and commercial construction, where energy conservation is a priority. As the Internet of Things (IoT) gains traction, the integration of intelligent insulation systems in buildings is expected to grow, leading to higher efficiency and smarter management of energy use.

Focus on Retrofitting and Renovation Projects

The trend of retrofitting and renovating existing buildings is significantly impacting the thermal insulation material market in Mexico. As energy efficiency becomes a higher priority, property owners and businesses are turning to insulation solutions for building upgrades and retrofits. For instance, the Mexican government’s initiatives, such as the NAMA for sustainable housing retrofit, aim to enhance energy efficiency in existing buildings, which could drive demand for insulation materials in renovation projects. Rather than demolishing and rebuilding, a growing number of commercial and residential properties are being renovated to meet energy efficiency standards, with a particular emphasis on improving insulation. The trend is driven by both economic factors, such as lower renovation costs compared to new constructions, and regulatory requirements aimed at reducing energy consumption in older buildings. This trend is expected to generate consistent demand for insulation materials tailored to retrofitting, presenting an opportunity for manufacturers to develop products suited for these projects.

Growing Adoption in Industrial Applications

Thermal insulation materials are increasingly being adopted across various industrial applications in Mexico, particularly in sectors such as manufacturing, oil and gas, and power generation. Industrial facilities require high-performance insulation to maintain operational efficiency, prevent energy loss, and ensure safety. The demand for insulation materials in these industries is expected to increase as manufacturers focus on reducing energy costs and improving process efficiency. Moreover, stricter environmental regulations and the global push toward carbon neutrality are driving industrial players to invest in energy-efficient solutions, including advanced thermal insulation. As industries continue to grow and expand in Mexico, the demand for specialized insulation materials tailored to industrial needs will remain a key trend in the market.

Market Challenges Analysis

High Initial Costs of Installation

One of the key challenges facing the Mexico thermal insulation material market is the high initial costs of installation. While thermal insulation materials can result in long-term energy savings, the upfront cost of purchasing and installing these materials can be a significant barrier for both residential and commercial property owners. The cost of high-performance or eco-friendly insulation materials, in particular, can deter adoption, especially in the construction sector where budget constraints often limit investment in non-essential items. For example, the Mexican government has established standards like NOM-018-ENER-2011 for thermal insulation in buildings, which highlights the need for better understanding and implementation of insulation technologies. Additionally, the complexity of installation for certain insulation materials, such as spray foam or specialty industrial-grade products, may increase labor costs, further adding to the overall expense. This high initial investment is a challenge for many potential customers, slowing the widespread adoption of insulation solutions.

Limited Awareness and Education

Another significant challenge for the thermal insulation material market in Mexico is the limited awareness and education regarding the long-term benefits of insulation. Many consumers and businesses still underestimate the importance of thermal insulation in reducing energy consumption and improving overall building performance. There is a lack of widespread understanding of how insulation can contribute to cost savings over time, leading to hesitancy in investing in such solutions. Additionally, the market suffers from a lack of professional expertise and training in proper insulation installation and maintenance, which can result in suboptimal performance of insulation materials. Addressing these gaps through education and awareness campaigns is critical for accelerating market growth, but it remains a challenge in a price-sensitive market where immediate returns are often prioritized.

Market Opportunities

The Mexico thermal insulation material market presents several opportunities, particularly with the increasing demand for energy-efficient solutions driven by rising energy costs. As businesses and homeowners seek to reduce energy consumption, there is significant potential for insulation materials that offer long-term cost savings. The growing focus on reducing carbon footprints aligns with Mexico’s commitment to sustainability, creating a favorable environment for the expansion of thermal insulation. Additionally, the implementation of energy efficiency programs by both the government and private sector offers opportunities for insulation manufacturers to innovate and cater to the growing need for energy-saving products. This presents avenues for market players to develop and introduce advanced, eco-friendly insulation materials that not only improve energy efficiency but also meet environmental standards.

Furthermore, the rapid growth of the construction and renovation sectors in Mexico offers a promising opportunity for the thermal insulation market. As urbanization increases, there is a surge in both new residential and commercial projects, driving the demand for high-quality insulation materials. Simultaneously, the trend toward retrofitting and upgrading older buildings to meet modern energy efficiency standards presents another opportunity. These renovation projects often require specialized insulation solutions, offering manufacturers the chance to tailor products for retrofit applications. As Mexico continues to expand its infrastructure and prioritize sustainable building practices, the demand for thermal insulation materials is expected to grow, providing an attractive market for innovation, expansion, and investment in the coming years.

Market Segmentation Analysis:

By Material Type:

The Mexico thermal insulation material market is segmented by material type into fiberglass, stone wool, foam, and wood fiber. Fiberglass is one of the most widely used insulation materials due to its excellent thermal performance and affordability. It is commonly used in both residential and commercial buildings for general insulation applications, providing energy efficiency and reducing heat loss. Stone wool, or mineral wool, is another popular material, valued for its superior fire resistance and soundproofing capabilities. This makes it particularly suitable for industrial and commercial applications, where fire safety is a critical concern. Foam insulation, including materials like spray foam and rigid foam, is known for its high R-value, which makes it effective in extreme climates and industrial settings. It offers superior thermal resistance and is commonly used in high-performance insulation needs. Wood fiber, an eco-friendly alternative, is gaining popularity as a sustainable insulation solution in green building projects, providing natural thermal resistance while aligning with growing sustainability trends.

By Temperature:

Thermal insulation materials in Mexico are also segmented based on the temperature ranges they can effectively withstand. The 0-100°C segment holds the largest share, as most residential, commercial, and industrial buildings require insulation to maintain comfortable interior temperatures and improve energy efficiency in environments where temperatures do not exceed 100°C. Insulation materials in this category are typically used in standard construction and HVAC systems. The 100-500°C temperature range segment is growing as industries such as manufacturing, oil and gas, and power generation demand insulation that can withstand higher temperatures. Materials in this segment are designed to provide thermal protection in environments subject to moderate heat conditions, often found in machinery and process equipment. The 500°C and above segment is primarily driven by industrial applications where high-temperature resistance is essential, such as in refineries and heavy industries. This segment requires specialized insulation materials that can withstand extreme conditions without compromising performance or safety.

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Segments:

Based on Material Type:

Fiberglass
Stone Wool
Foam
Wood Fiber

Based on Temperature:

0-100 °C
100-500°C
500°C and above

Based on End-use:

Construction
Automotive
HVAC
Industrial
Others

Based on the Geography:

Mexico City
Monterrey
Guadalajara
Tijuana

Regional Analysis

Mexico City

Mexico City holds the largest market share in the thermal insulation material industry, accounting for approximately 30% of the total market. As the capital and largest city in Mexico, Mexico City is a major hub for construction and industrial activity. The region’s demand for thermal insulation is driven by a high concentration of residential, commercial, and industrial buildings that require energy-efficient solutions. Government initiatives promoting sustainability, along with the growing emphasis on reducing energy consumption, have significantly contributed to the market’s expansion in the city. Mexico City’s infrastructure projects, combined with its status as an economic center, ensure continued growth for the thermal insulation market in the region.

Monterrey

Monterrey, with a market share of around 25%, is the second-largest region in Mexico for thermal insulation materials. As the industrial capital of Mexico, Monterrey experiences a high demand for insulation materials, especially for industrial applications. The region’s robust manufacturing sector, including automotive, steel, and cement industries, requires insulation solutions that can withstand high temperatures and ensure energy efficiency in production processes. The growing focus on sustainability and energy-saving solutions in the industrial sector further fuels the demand for thermal insulation materials in Monterrey. Additionally, the region’s expanding construction sector contributes to the rise in demand for energy-efficient building materials.

Guadalajara

Guadalajara holds a market share of approximately 20% in the thermal insulation market. As the third-largest city in Mexico, Guadalajara has witnessed significant growth in residential and commercial construction, boosting the demand for insulation materials. The city’s focus on modernizing its infrastructure and adopting energy-efficient building standards has driven the need for thermal insulation products. Furthermore, Guadalajara’s industrial sectors, including electronics and technology, contribute to the demand for high-performance insulation materials. The region’s ongoing development in both the residential and industrial markets presents opportunities for insulation manufacturers to expand their presence and cater to a growing customer base.

Tijuana

Tijuana, while having a smaller market share of about 15%, is a significant region for thermal insulation materials due to its proximity to the U.S. border and its status as a manufacturing and export hub. The city’s growth in industries such as electronics, automotive, and textiles fuels demand for thermal insulation materials, particularly for industrial applications. The increasing emphasis on energy efficiency and green building practices in the region further supports the adoption of insulation solutions. As Tijuana continues to develop its infrastructure and expand industrial activities, the market for thermal insulation materials is expected to grow steadily, offering further opportunities for manufacturers to establish a foothold in the region.

Key Player Analysis

BASF SE
Asahi Kasei Corporation
Saint Gobain SA
Recticel
Kingspan Group
Owens Corning
Knauf Insulation
Evonik
I. du Pont de Nemours and Company
Berkshire Hathaway (Johns Manville)
Bayer AG
Dow Chemicals Company
Company 13
Company 14
Company 15
Others

Competitive Analysis

The competitive landscape of the Mexico thermal insulation material market is highly dynamic, with several leading players driving innovation and market growth. Prominent companies such as BASF SE, Asahi Kasei Corporation, Saint Gobain SA, Recticel, Kingspan Group, Owens Corning, Knauf Insulation, Evonik, E. I. du Pont de Nemours and Company, Berkshire Hathaway (Johns Manville), Bayer AG, and Dow Chemicals Company play a significant role in shaping the market. These companies are focused on providing a diverse range of insulation materials including fiberglass, stone wool, foam, and eco-friendly options to cater to the growing demand for energy-efficient solutions. For instance, companies like Evonik have developed innovative products such as TEGO® Therm, which enhances the performance of thermal insulation coatings by providing excellent insulation properties and heat resistance, even at high temperatures. These companies are focusing on developing and providing a wide range of insulation materials, including fiberglass, stone wool, foam, and eco-friendly alternatives, to meet the growing demand for energy-efficient solutions. To maintain competitiveness, businesses are heavily investing in research and development to innovate and introduce advanced products that align with evolving sustainability goals and regulatory requirements. The market is also witnessing a shift towards high-performance and specialized insulation materials, catering to diverse applications across residential, commercial, and industrial sectors. Players are adapting to the increasing preference for green building practices, with a rising demand for sustainable, recyclable, and low-emission materials. Strategic partnerships, technological advancements, and expanding regional presence are key strategies being employed to capture market share. Competitive rivalry is intensifying, with businesses striving to differentiate themselves through product quality, innovation, and customer service.

Recent Developments

In February 2025,BASF introduced Basotect® EcoBalanced, a melamine resin foam with a reduced Product Carbon Footprint (PCF).
In February 2025,Asahi Kasei is set to present SunForce™, an easy-to-process particle foam for composite foam core applications, at JEC World 2025 in Paris.
In September 2024, Kingspan announced Kyle McEnroe as the Managing Director at Kingspan Insulation North America.
In May 2023, Knauf Insulation GmbH introduced Ominifit slab 32, designed for use in external wall systems of residential buildings and rain-screen facades.

Market Concentration & Characteristics

The Mexico thermal insulation material market is moderately concentrated, with a mix of global and regional players competing for market share. While a few large multinational companies dominate the industry, there is still significant room for smaller, local manufacturers to cater to specific customer needs, particularly in niche applications. The market is characterized by a diverse product range, including fiberglass, stone wool, foam, and eco-friendly materials, offering insulation solutions for various sectors such as residential, commercial, and industrial. As energy efficiency becomes a key driver of demand, companies are focusing on innovation, sustainability, and product differentiation to maintain a competitive edge. The market also sees increasing attention toward environmentally friendly materials as consumers and businesses look for sustainable, low-emission options. Additionally, advancements in insulation technologies and the integration of smart solutions are shaping market dynamics, with companies striving to meet evolving regulatory standards and customer expectations for energy-efficient buildings.

Report Coverage

The research report offers an in-depth analysis based on Material Type, Temperature, End-use and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The Mexico thermal insulation material market is expected to continue growing as demand for energy-efficient solutions rises.
Sustainability will drive further adoption of eco-friendly insulation materials, creating opportunities for green product innovation.
Government regulations aimed at reducing energy consumption will boost the need for high-performance insulation.
The construction sector will remain a major contributor to market growth, with increased focus on energy-efficient building practices.
Advancements in insulation technologies, including smart and advanced materials, will enhance product performance.
The industrial sector’s expansion, particularly in manufacturing and oil & gas, will increase demand for specialized insulation materials.
Rising energy prices will continue to motivate both residential and commercial sectors to invest in thermal insulation.
The trend of retrofitting older buildings with energy-efficient solutions will create new opportunities for insulation providers.
Regional expansion, especially in growing urban areas like Mexico City and Monterrey, will drive market demand.
Companies will focus on strategic partnerships and acquisitions to strengthen their market position and diversify product offerings.

CHAPTER NO. 1 : INTRODUCTION 18

1.1.1. Report Description 18

Purpose of the Report 18

USP & Key Offerings 18

1.1.2. Key Benefits for Stakeholders 18

1.1.3. Target Audience 19

1.1.4. Report Scope 19

CHAPTER NO. 2 : EXECUTIVE SUMMARY 20

2.1. Thermal Insulation Material Market Snapshot 20

2.1.1. Mexico Thermal Insulation Material Market, 2018 – 2032 (USD Million) 21

2.1. Insights from Primary Respondents 21

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 22

3.1. Russia-Ukraine and Israel-Palestine War Impacts 22

CHAPTER NO. 4 : THERMAL INSULATION MATERIAL MARKET – INDUSTRY ANALYSIS 23

4.1. Introduction 23

4.2. Market Drivers 24

4.2.1. Driving Factor 1 Analysis 24

4.2.2. Driving Factor 2 Analysis 25

4.3. Market Restraints 26

4.3.1. Restraining Factor Analysis 26

4.4. Market Opportunities 27

4.4.1. Market Opportunity Analysis 27

4.5. Porter’s Five Force analysis 28

4.6. Value Chain Analysis 29

4.7. Buying Criteria 30

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 31

5.1. Company Market Share Analysis – 2023 31

5.1.1. Mexico Thermal Insulation Material Market: Company Market Share, by Revenue, 2023 31

5.1.2. Mexico Thermal Insulation Material Market: Top 6 Company Market Share, by Revenue, 2023 31

5.1.3. Mexico Thermal Insulation Material Market: Top 3 Company Market Share, by Revenue, 2023 32

5.2. Mexico Thermal Insulation Material Market Company Revenue Market Share, 2023 33

5.3. Company Assessment Metrics, 2023 34

5.3.1. Stars 34

5.3.2. Emerging Leaders 34

5.3.3. Pervasive Players 34

5.3.4. Participants 34

5.4. Start-ups /Automotive Assessment Metrics, 2023 34

5.4.1. Progressive Companies 34

5.4.2. Responsive Companies 34

5.4.3. Dynamic Companies 34

5.4.4. Starting Blocks 34

5.5. Strategic Developments 35

5.5.1. Acquisitions & Mergers 35

New Temperature Range Launch 35

Regional Expansion 35

5.6. Key Players Temperature Range Matrix 36

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 37

6.1. PESTEL 37

6.1.1. Political Factors 37

6.1.2. Economic Factors 37

6.1.3. Social Factors 37

6.1.4. Technological Factors 37

6.1.5. Environmental Factors 37

6.1.6. Legal Factors 37

6.2. Adjacent Market Analysis 37

CHAPTER NO. 7 : THERMAL INSULATION MATERIAL MARKET – BY MATERIAL TYPE SEGMENT ANALYSIS 38

7.1. Thermal Insulation Material Market Overview, by Material Type Segment 38

7.1.1. Thermal Insulation Material Market Revenue Share, By Material Type, 2023 & 2032 39

7.1.2. Thermal Insulation Material Market Attractiveness Analysis, By Material Type 40

7.1.3. Incremental Revenue Growth Opportunity, by Material Type, 2024 – 2032 40

7.1.4. Thermal Insulation Material Market Revenue, By Material Type, 2018, 2023, 2027 & 2032 41

7.2. Fiberglass 42

7.3. Stone Wool 43

7.4. Foam 44

7.5. Wood Fiber 45

CHAPTER NO. 8 : THERMAL INSULATION MATERIAL MARKET – BY TEMPERATURE RANGE SEGMENT ANALYSIS 46

8.1. Thermal Insulation Material Market Overview, by Temperature Range Segment 46

8.1.1. Thermal Insulation Material Market Revenue Share, By Temperature Range, 2023 & 2032 47

8.1.2. Thermal Insulation Material Market Attractiveness Analysis, By Temperature Range 48

8.1.3. Incremental Revenue Growth Opportunity, by Temperature Range, 2024 – 2032 48

8.1.4. Thermal Insulation Material Market Revenue, By Temperature Range, 2018, 2023, 2027 & 2032 49

8.2. 0-100 °C 50

8.3. 100-500°C 51

8.4. 500°C and above 52

CHAPTER NO. 9 : THERMAL INSULATION MATERIAL MARKET – BY END-USE INDUSTRY SEGMENT ANALYSIS 53

9.1. Thermal Insulation Material Market Overview, by End-use Industry Segment 53

9.1.1. Thermal Insulation Material Market Revenue Share, By End-use Industry, 2023 & 2032 54

9.1.2. Thermal Insulation Material Market Attractiveness Analysis, By End-use Industry 55

9.1.3. Incremental Revenue Growth Opportunity, by End-use Industry, 2024 – 2032 55

9.1.4. Thermal Insulation Material Market Revenue, By End-use Industry, 2018, 2023, 2027 & 2032 56

9.2. Construction 57

9.3. Automotive 58

9.4. HVAC 59

9.5. Industrial 60

9.6. Others 61

CHAPTER NO. 10 : THERMAL INSULATION MATERIAL MARKET – MEXICO 62

10.1. Mexico 62

10.1.1. Key Highlights 62

10.2. Material Type 63

10.3. Mexico Thermal Insulation Material Market Revenue, By Material Type, 2018 – 2023 (USD Million) 63

10.4. Mexico Thermal Insulation Material Market Revenue, By Material Type, 2024 – 2032 (USD Million) 63

10.5. Temperature Range 64

10.6. Mexico Thermal Insulation Material Market Revenue, By Temperature Range, 2018 – 2023 (USD Million) 64

10.6.1. Mexico Thermal Insulation Material Market Revenue, By Temperature Range, 2024 – 2032 (USD Million) 64

10.7. End-use Industry 65

10.7.1. Mexico Thermal Insulation Material Market Revenue, By End-use Industry, 2018 – 2023 (USD Million) 65

10.7.2. Mexico Thermal Insulation Material Market Revenue, By End-use Industry, 2024 – 2032 (USD Million) 65

CHAPTER NO. 11 : COMPANY PROFILES 66

11.1. BASF SE 66

11.1.1. Company Overview 66

11.1.2. Temperature Range Portfolio 66

11.1.3. Swot Analysis 66

11.1.4. Business Strategy 67

11.1.5. Financial Overview 67

11.2. Asahi Kasei Corporation 68

11.3. Saint Gobain SA 68

11.4. Recticel 68

11.5. Kingspan Group 68

11.6. Owens Corning 68

11.7. Knauf Insulation 68

11.8. Evonik 68

11.9. E. I. du Pont de Nemours and Company 68

11.10. Berkshire Hathway (Johns Manville) 68

11.11. Bayer AG 68

11.12. Dow Chemicals Company 68

11.13. Company 13 68

11.14. Company 14 68

11.15. Company 15 68

11.16. Others 68

List of Figures

FIG NO. 1. Mexico Thermal Insulation Material Market Revenue, 2018 – 2032 (USD Million) 21

FIG NO. 2. Porter’s Five Forces Analysis for Mexico Thermal Insulation Material Market 28

FIG NO. 3. Value Chain Analysis for Mexico Thermal Insulation Material Market 29

FIG NO. 4. Company Share Analysis, 2023 31

FIG NO. 5. Company Share Analysis, 2023 31

FIG NO. 6. Company Share Analysis, 2023 32

FIG NO. 7. Thermal Insulation Material Market – Company Revenue Market Share, 2023 33

FIG NO. 8. Thermal Insulation Material Market Revenue Share, By Material Type, 2023 & 2032 39

FIG NO. 9. Market Attractiveness Analysis, By Material Type 40

FIG NO. 10. Incremental Revenue Growth Opportunity by Material Type, 2024 – 2032 40

FIG NO. 11. Thermal Insulation Material Market Revenue, By Material Type, 2018, 2023, 2027 & 2032 41

FIG NO. 12. Mexico Thermal Insulation Material Market for Fiberglass, Revenue (USD Million) 2018 – 2032 42

FIG NO. 13. Mexico Thermal Insulation Material Market for Stone Wool, Revenue (USD Million) 2018 – 2032 43

FIG NO. 14. Mexico Thermal Insulation Material Market for Foam, Revenue (USD Million) 2018 – 2032 44

FIG NO. 15. Mexico Thermal Insulation Material Market for Wood Fiber, Revenue (USD Million) 2018 – 2032 45

FIG NO. 16. Thermal Insulation Material Market Revenue Share, By Temperature Range, 2023 & 2032 47

FIG NO. 17. Market Attractiveness Analysis, By Temperature Range 48

FIG NO. 18. Incremental Revenue Growth Opportunity by Temperature Range, 2024 – 2032 48

FIG NO. 19. Thermal Insulation Material Market Revenue, By Temperature Range, 2018, 2023, 2027 & 2032 49

FIG NO. 20. Mexico Thermal Insulation Material Market for 0-100 °C, Revenue (USD Million) 2018 – 2032 50

FIG NO. 21. Mexico Thermal Insulation Material Market for 100-500°C, Revenue (USD Million) 2018 – 2032 51

FIG NO. 22. Mexico Thermal Insulation Material Market for 500°C and above, Revenue (USD Million) 2018 – 2032 52

FIG NO. 23. Thermal Insulation Material Market Revenue Share, By End-use Industry, 2023 & 2032 54

FIG NO. 24. Market Attractiveness Analysis, By End-use Industry 55

FIG NO. 25. Incremental Revenue Growth Opportunity by End-use Industry, 2024 – 2032 55

FIG NO. 26. Thermal Insulation Material Market Revenue, By End-use Industry, 2018, 2023, 2027 & 2032 56

FIG NO. 27. Mexico Thermal Insulation Material Market for Construction, Revenue (USD Million) 2018 – 2032 57

FIG NO. 28. Mexico Thermal Insulation Material Market for Automotive, Revenue (USD Million) 2018 – 2032 58

FIG NO. 29. Mexico Thermal Insulation Material Market for HVAC, Revenue (USD Million) 2018 – 2032 59

FIG NO. 30. Mexico Thermal Insulation Material Market for Industrial, Revenue (USD Million) 2018 – 2032 60

FIG NO. 31. Mexico Thermal Insulation Material Market for Others, Revenue (USD Million) 2018 – 2032 61

FIG NO. 32. Mexico Thermal Insulation Material Market Revenue, 2018 – 2032 (USD Million) 62

List of Tables

TABLE NO. 1. : Mexico Thermal Insulation Material Market: Snapshot 20

TABLE NO. 2. : Drivers for the Thermal Insulation Material Market: Impact Analysis 24

TABLE NO. 3. : Restraints for the Thermal Insulation Material Market: Impact Analysis 26

TABLE NO. 4. : Mexico Thermal Insulation Material Market Revenue, By Material Type, 2018 – 2023 (USD Million) 63

TABLE NO. 5. : Mexico Thermal Insulation Material Market Revenue, By Material Type, 2024 – 2032 (USD Million) 63

TABLE NO. 6. : Mexico Thermal Insulation Material Market Revenue, By Temperature Range, 2018 – 2023 (USD Million) 64

TABLE NO. 7. : Mexico Thermal Insulation Material Market Revenue, By Temperature Range, 2024 – 2032 (USD Million) 64

TABLE NO. 8. : Mexico Thermal Insulation Material Market Revenue, By End-use Industry, 2018 – 2023 (USD Million) 65

TABLE NO. 9. : Mexico Thermal Insulation Material Market Revenue, By End-use Industry, 2024 – 2032 (USD Million) 65

Frequently Asked Questions:

What is the current size of the Mexico Thermal Insulation Material market?

The Mexico Thermal Insulation Material market was valued at USD 1.81 million in 2023 and is projected to reach USD 2.53 million by 2032, growing at a CAGR of 3.83% during the forecast period.

What factors are driving the growth of the Mexico Thermal Insulation Material market?

The market is driven by the rising demand for energy-efficient solutions in residential and industrial sectors, increasing energy costs, government regulations promoting sustainability, and the expansion of the construction industry focusing on green building practices.

What are the key segments within the Mexico Thermal Insulation Material market?

The market is segmented by Material Type (Fiberglass, Stone Wool, Foam, Wood Fiber), Temperature (0-100°C, 100-500°C, 500°C and above), End-use (Construction, Automotive, HVAC, Industrial, Others), and Geography (Mexico City, Monterrey, Guadalajara, Tijuana).

Who are the major players in the Mexico Thermal Insulation Material market?

Key players include BASF SE, Saint Gobain SA, Owens Corning, Kingspan Group, Knauf Insulation, Asahi Kasei Corporation, Recticel, Evonik, DuPont, Berkshire Hathaway (Johns Manville), Bayer AG, Dow Chemicals Company, and other regional manufacturers.

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