South Korea Blanket Insulation Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Mineral Wool Insulation, Glass Wool Insulation, Polystyrene Foam Insulation, Polyurethane Foam Insulation, and Phenolic Foam Insulation), By Application (Building & Construction, Transportation, Industrial, and Appliances), and South Korea Blanket Insulation Market Insights, Industry Trend, Forecasts to 2035.

South Korea Blanket Insulation Market Insights Forecasts to 2035

• The South Korea Blanket Insulation Market Size Was Estimated at USD 391.7 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.71% from 2025 to 2035
• The South Korea Blanket Insulation Market Size is Expected to Reach USD 721.3 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Blanket Insulation Market Size is anticipated to reach USD 721.3 Million by 2035, growing at a CAGR of 5.71% from 2025 to 2035. The growing application of insulation in industrial and building and construction settings. Additionally, blanket insulation can be used for thermal insulation in interior areas and acoustic fabrication in warehouses and other commercial buildings.

Market Overview

The industry devoted to the manufacture, distribution, and use of blanket insulation products for thermal and acoustic insulation in commercial and residential buildings is known as the blanket insulation market. These goods, which are usually composed of mineral wool or fiberglass, are intended to improve comfort, save energy use, and lessen heat transfer. Along with industrial industries including oil and gas, petrochemicals, and power generation, the market encompasses both residential and commercial uses. In both residential and commercial buildings, blanket insulation reduces heat loss, which lowers heating and cooling expenses. Blanket insulation is typically simple to install, it's a good choice for do-it-yourself jobs. With enormous growth potential in both new construction and the refurbishment of existing buildings, the building and construction industry is a significant source of income for blanket insulation. Buildings must fulfill minimum thermal performance standards as a result of strict energy codes and mandates being implemented by governments around the world. This is a key factor in the popularity of blanket insulation since it lowers energy usage and helps buildings satisfy these standards.

Report Coverage

This research report categorizes the market for South Korea blanket insulation market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea blanket insulation market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea blanket insulation market.

Driving Factors

Rising energy costs have heightened the demand for effective thermal insulation solutions to reduce heating and cooling expenses in buildings and industrial applications. Additionally, stringent government regulations and building codes aimed at improving energy efficiency are encouraging the adoption of insulation materials. Technological advancements have led to the development of high-performance insulation materials that offer better thermal resistance, soundproofing, and fire resistance.

Restraining Factors

The high initial installation costs and limited awareness in some regions. Additionally, improper installation can reduce effectiveness. Competition from alternative insulation materials and fluctuations in raw material prices also challenge market growth. Environmental concerns over certain synthetic insulations may further limit adoption.

Market Segmentation

The South Korea blanket insulation market share is classified into product type and application.

• The mineral wool insulation segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea blanket insulation market is segmented by product type into mineral wool insulation, glass wool insulation, polystyrene foam insulation, polyurethane fam insulation, and phenolic foam insulation. Among these, the mineral wool insulation segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Its excellent thermal and fire-resistant properties, durability, and eco-friendliness. Its effectiveness in energy conservation for residential and commercial buildings, along with growing construction activities.

• The building & construction segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea blanket insulation market is segmented by application into building & construction, transportation, industrial, and appliances. Among these, the building & construction segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The increasing urbanization, strict energy efficiency regulations, and rising demand for sustainable buildings. Enhanced thermal insulation reduces energy costs, promotes environmental compliance, and improves occupant comfort, driving strong growth in residential and commercial construction during the forecast period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea blanket insulation market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Knauf Insulation Korea Co., Ltd.
• ROCKWOOL Korea Co., Ltd.
• KOREA INSULATION CO., LTD.
• Dongsung Finetec Corporation
• Armacell Korea Inc.
• LG Hausys
• KCC Corporation
• BUWON XPS
• HANLIMHWOOD.CO, LTD
• SAEHAN RESIN CO., LTD.
• SAKE Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea blanket insulation market based on the below-mentioned segments:

South Korea Blanket Insulation Market, By Product Type

• Mineral Wool Insulation
• Glass Wool Insulation
• Polystyrene Foam Insulation
• Polyurethane Foam Insulation
• Phenolic Foam Insulation

South Korea Blanket Insulation Market, By Application

• Building & Construction
• Transportation
• Industrial
• Appliances