South Korea Building Insulation Material Market Size, Share, and COVID-19 Impact Analysis, By Material (Stone Wool, Glass Wool, EPS, XPS, and Others), By Application (Walls, Roofs, and Floors), By End-User (Commercial and Residential), and South Korea Building Insulation Material Market Insights, Industry Trend, Forecasts to 2035

South Korea Building Insulation Material Market Insights Forecasts to 2035

• The South Korea Building Insulation Material Market Size Was Estimated at USD 1.52 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 6.63% from 2025 to 2035
• The South Korea Building Insulation Material Market Size is Expected to Reach USD 3.08 Billion by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Building Insulation Material Market Size is anticipated to reach USD 3.08 Billion by 2035, growing at a CAGR of 6.63% from 2025 to 2035. The market for building insulation materials in South Korea is undergoing significant changes due to a growing focus on sustainable building methods and energy efficiency.

Market Overview

The demand for energy efficiency in the construction industry, escalating energy prices, and a growing emphasis on sustainability, the market for building insulation materials is a sizable and expanding industry. The region is predicted to lead the market in growth in the next years due to factors like rising construction activity and fast urbanization. Insulation reduces heat gain in the summer and loss in the winter, which lowers heating and cooling costs. Insulation lessens the need for frequent heating and cooling system adjustments by assisting in the maintenance of a more stable and comfortable indoor temperature. Insulation reduces energy use, which in turn reduces greenhouse gas emissions and has a reduced environmental impact. Insulation can prolong the life of building structures by shielding them from moisture damage and sharp temperature swings. In general, insulated buildings are more appealing and can fetch greater prices when they are sold. The expansion is being driven by increased construction activity, urbanization, rising energy costs, and more stringent energy efficiency rules. putting money into the study and creation of cutting-edge insulating materials and technologies to increase sustainability and energy efficiency. In order to make energy-efficient building products like insulation cheaper and more appealing, governments are providing incentives, tax credits, or subsidies.

Report Coverage

This research report categorizes the market for South Korea building insulation material 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 building insulation material 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 South Korea building insulation material market sub-segment.

Driving Factors

The need for new infrastructure and buildings is rising due to rapid urbanization and industrial expansion, these structures need insulation for energy efficiency and temperature control.
Insulation is also necessary to lower energy losses and boost efficiency due to increased power demands in urban and industrial locations. The need for environmentally friendly insulation materials that lower a building's carbon footprint is being driven by the growing trend towards green buildings and sustainable construction methods. Insulation materials with less of an impact on the environment are becoming more and more popular among consumers and builders.

Restraining Factors

The initial cost of modern insulation materials can be a major deterrent for many property owners and developers, especially in emerging or budget-conscious areas, despite the fact that they provide substantial long-term benefits and energy savings. Changes in price, particularly for plastic foam, might reduce the economic appeal of thermal insulation and prevent its widespread use. Geopolitical unrest, health and safety regulations, and a shortage of competent workers can all impede market expansion.

Market Segmentation

The South Korea Building Insulation Material market share is classified into material, application, and end-user.

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

The South Korea building insulation material market is segmented by type into stone wool, glass wool, EPS, XPS, and others. Among these, the stone wool segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Stone wool is renowned for its exceptional acoustic and thermal insulation qualities, which make it a great option for both commercial and residential settings. Its ability to withstand fire provides an extra degree of security, which increases its use in contemporary construction projects.

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

The South Korea building insulation material market is segmented by application into walls, roofs, and floors. Among these, the walls segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The wall component is important because it offers acoustic and thermal insulation, which are essential for comfort and energy efficiency in living areas. Maintaining temperature control requires roof insulation, particularly in a nation with a variety of weather patterns like South Korea. Longer building lifespan and substantial energy cost savings are two benefits of effective roof insulation.

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

The South Korea building insulation material market is segmented by end user into commercial and residential. Among these, the commercial segment held a dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growing need for sustainable building methods and energy efficiency in urban growth, in the commercial sector is vital.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea building insulation material 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 elaborative 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.
• Owens Corning Korea Ltd.
• ROCKWOOL Korea Co., Ltd.
• Saint-Gobain Korea Ltd.
• Dongsung Finetec Corporation
• Armacell Korea Inc.
• Nippon Sheet Glass Co., Ltd. (NSG)
• Sunkyung Industry Co., Ltd.
• LG Hausys
• 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 building insulation material market based on the below-mentioned segments:

South Korea Building Insulation Material Market, By Materials

• Stone wool
• Glass wool
•  EPS
• XPS
• Others

South Korea Building Insulation Material Market, By Application

• Walls
• Roofs
• Floors

South Korea Building Insulation Material Market, By End-User

• Commercial
• Residential