It is crucial to address two pressing global issues, energy shortage and environmental pollution, when producing building insulation materials. Using waste and natural fiber groups can be part of the solution. The insulation material was produced using pumpkin fiber, chicken fiber, cotton waste, vermiculite, and epoxy as binders. The samples were tested for thermal conductivity coefficient, ultrasonic sound transmission rate, density, water absorption rate, compressive and bending strength, and fire resistance at temperatures of 75, 100, 125, and 150C. The samples produced using natural and waste materials yielded a thermal conductivity value of 0.041 W/mK, an ultrasonic sound transmission speed of 0.25 km/s, a compressive strength value of 1.57 MPa, and bending strength values of 0.91 MPa. It has been clearly demonstrated that, with its low volume loss, it can serve as an alternative to the EPS-XPS types available in the market. Furthermore, the linear attenuation coefficients (LAC) were examined to obtain radiation shielding properties of the samples at 1173 and 133 keV energies using a 60Co gamma source. Also, LAC values determined between 0,1167 ± 0,0452 cm−1-0,2315 ± 0,0065 cm−1 for 1173 keV and 0,1042 ± 0,0488 cm−1 - 0,2141 ± 0,0062 cm−1 for 1333 keV. Accordingly, it has been revealed that waste compositions are effective in protecting against radiation.