Global Insulation Market Size 2021

Companies covered in the insulation market are Bridgestone Chemitech Co., Ltd., Firestone Building Products, Sound Seal, K-FLEX SpA, Evonik, Beijing New Building Material (Group) Co., Ltd., BYUCKSAN, PT. Bondor Indonesia, Johns Manville, Huntsman International LLC, Superglass Insulation Ltd., GAF, Ursa, Cellofoam North America Inc., Atlas Roofing Company, Knauf Insulation, DuPont, Armacell SA, Owens Corning and other players featured

Pune, India, October 19, 2021 (GLOBE NEWSWIRE) – According to Fortune Business Insights ™, the insulation market size is expected to reach $ 79.06 billion by 2026, due to the growing number of building and construction activities around the world. Insulation is used to maintain the average temperature inside a building by reducing heat transfer between adjacent environments.

In addition, it reduces the carbon footprint by limiting thermal conduction to the outside environment and using less energy to maintain an average temperature. The market size was USD 55.16 billion in 2018 and is expected to grow at a CAGR of 4.6% between 2019 and 2026.

Fire resistant property of insulated buildings to attract high income from the market

Two prominent factors are primarily responsible for the growth of the global insulation market. These include the growing demand for insulation in the building and construction industry to maintain indoor temperatures and reduce the building’s carbon footprint. Secondly, the insulation provides properties like fire, impact and acoustic resistance to building structures, which is further expected to contribute to the expansion of the market during the forecast period.

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Key information from the research report:

  • Detailed information on factors likely to affect the growth and market share during the forecast period are presented in the report.

  • The report presents the current scenario and the future growth prospects of the market across various geographies.

  • The analysis of the competitive landscape in the market as well as the qualitative and quantitative information is delivered.

  • The SWOT analysis is conducted with Porter’s Five Force Analysis.

  • The in-depth analysis provides an overview of the market, highlighting the growth rate and the opportunities offered in the business.

Asia-Pacific to Become Dominant Due to Government-Supported Sustainable Infrastructure Development

Geographically, Asia-Pacific holds the largest share of the insulation market due to the rapid development of power plants that place a strong emphasis on energy-saving solutions for infrastructure development, supported by regional governments. On the other hand, the markets of Europe and North America will experience significant growth during the forecast period. In 2018, North America generated sales of $ 12.08 billion. According to a senior analyst at Fortune Business Insights ™, “This growth is attributed to the growing awareness of the benefits of insulation and the increasing need for zero energy building policies defined as environmental regulations.

Collaborative efforts and acquisitions to intensify market competition

The competitive landscape of the market is consolidated by nature with the presence of the top ten companies. Major manufacturers in the insulation market focus on expanding regional borders to gain competitive advantage in the market. In addition, companies also enter into strategic collaborations such as partnerships, mergers and acquisitions, contracts and agreements, joint ventures and others. The main objective of the companies is to produce insulation systems using advanced technologies and materials. The players also try to focus on technological upgrading, improving operational efficiency, and therefore invest heavily in research and development of advanced insulation products.

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The list of major players operating in the Insulation market are:

  • Cellofoam North America Inc.

  • Roofing company Atlas

  • Knauf insulation

  • DuPont

  • Armacell SA

  • Owens Corning

  • Bridgestone Chemitech Co., Ltd.

  • Firestone Construction Products

  • Sound seal

  • K-FLEX SpA

  • Evonik

  • Beijing New Building Material (Group) Co., Ltd.

  • BYUCKSAN

  • TP. Bondor Indonesia

  • John manville

  • Huntsman International LLC

  • Insulation Superglass Ltd.

  • GAF

  • Ursa

  • Réciticelle Group

  • Luyang Energy Saving Materials Co., Ltd.

  • UP Twiga Fiberglass Limited

  • ROCKWOOL International A / S

Important industry developments of the insulation market include:

July 2017 – The Proudfoot Company, a pioneer of noise control products for concrete-based applications located in Connecticut, USA, was acquired by Sound Seal to enter new verticals in the sound insulation industry.

November 2019 – The Superglass manufacturing plant located in Stirling, Scotland has been expanded to increase the annual production capacity of glass wool insulation up to 60 KT. For this expansion, the company has invested approximately $ 48 million to support demand for insulation products across Europe.

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