The insulation market is expected to register a valuation of USD 95 billion by 2030, predicts Global Market Insights Inc.

Key players in the insulation market are CertainTeed Corporation, Owens Corning Corp, BASF, Huntsman International, Rockwool International A/S, Dow Chemical Company, Johns Manville, Knauf Gips KG, Armacell International SA, SY Panel Company Limited, Lloyd Insulations (India), Duro-Last Roofing, Inc., Atlas Roofing Corporation, Shengquan Group, Recticel Insulation, Paroc, UP Twiga Fiberglass, Kingspan Group, Byucksan Corporation and some others.

SELBYVILLE, Del., September 15, 2022 /PRNewswire/ — The insulation market is expected to see a valuation of $95 billion by 2030, according to the latest research analysis by Global Market Insights Inc. The report anticipates the tremendous expansion of the construction sector globally as the driving factor for the growth of the industry. The continued improvement in the global financial landscape in developed economies and the subsequent increase in household incomes have driven the demand for adequate residential, non-residential and industrial infrastructure, creating prospects for the insulation industry. Growing environmental concerns have encouraged several economies to implement strategic actions and make large investments to foster the expansion of climate-smart infrastructure by integrating energy-efficient heating and cooling solutions.

For example, in February 2022the European Union has established a new partnership with the International Finance Corporation (IFC) for infrastructure investment South Asia as part of a five-year program (2021-2026) Accelerate climate-smart and inclusive infrastructure by South Asia (ACSIIS). The project aims to benefit businesses in six South Asian economies, including Bangladesh, Bhutan, India, Maldives, Nepaland Sri Lankathanks to investments worth $850 million in areas such as energy, water, waste management, transport, logistics and green buildings.

Request a sample of this report @ https://www.gminsights.com/request-sample/detail/2579

Outstanding Product Features to Drive Mineral Wool Demand

The mineral wool segment has overtaken $8 billion in 2021 and may represent a CAGR of 6% to 2030. The main factor driving the expansion of the sector is the increasing deployment of products in the piping and construction industry. Mineral wool has exceptional thermal insulation and excellent flame or warp resistant mechanisms, making them ideal for use in buildings and structures. Additionally, the growing use of these insulation materials as sound absorbers could further help the insulation market gain significant momentum by the end of 2030.

Increasing requirement for thermal insulation

Industry finds major applications in industrial HVAC and OEMs, residential construction and non-residential construction. The non-residential segment is expected to register a growth rate of 7% and register an estimated value above $11 billion by 2030. The growth of the sector is influenced by the increasing demand for thermal and acoustic insulation in commercial establishments. Growing demand to minimize surplus or heat loss in buildings to maximize energy savings, cost savings and increased comfort could transform the dynamics of the insulation market during the period 2022-2030 .

Booming Industry Prospects to Drive Market Expansion

The Europe insulation market accounted for over 26% of revenue share in 2021 and is poised to cross $24 billion by 2030. Regional growth is fueled by the rapid expansion of industrial infrastructure, pushing existing energy needs and impacting demand for more energy-efficient solutions. The rapid tilt and growing awareness of green building, IoT and smart infrastructure may further boost the sales of insulation materials in the region.

Technological advancements to fuel the strategic landscape

Notable players in the insulation industry include CertainTeed Corporation, Owens Corning Corp, BASF, Huntsman International, Rockwool International A/S, Dow Chemical Company, Johns Manville, Knauf Gips KG, Armacell International SA, SY Panel Company Limited , Lloyd Insulations (India), Duro-Last Roofing, Inc., Atlas Roofing Corporation, Shengquan Group, Recticel Insulation, Paroc, UP Twiga Fiberglass, Kingspan Group, Byucksan Corporation, Beijing New Building Material Group, Kumho Petrochemical, Supreme Petrochem Limited, Superlon Worldwide, Nichias Corporation , Shinwoo Industrial Company Limited, Sae Rom Panel, Bondor Indonesia, Kaneka Corporation, Polyglass, Mag-Isover, Luyang Energy-Saving Materials, KCC Corporation, Huamei Group, EcoFoam/Insulations.

These companies have focused on building their technological capabilities to pave the way for future innovations and maintain market dominance. For example, in June 2022Owens Corning highlighted its building science expertise and knowledge at the American Institute of Architects (AIA) A’22 Architecture Conference in Chicagoenabling contractors and architects to explore the future of fire safety, commercial building design, sustainability and energy efficiency.

Request to customize this research report @ https://www.gminsights.com/roc/2579

Partial Table of Contents (ToC) of the report:

Chapter 2 Executive Summary

2.1 Global 360 Insulation Marketoh synthesis, 2018 – 2030

2.1.1 Trade trends

2.1.2 Product trends

2.1.3 Application trends

2.1.4 Regional trends

Chapter 3 Industry Overview of Global Insulation Market

3.1 Industry Segmentation

3.2 Industry Landscape, 2018 – 2030

3.3 Industry Ecosystem Analysis

3.4 Technology landscape

3.5 Fiberglass Industry Outlook

3.6 Consumer buying behavior

3.7 Regulatory landscape

3.9 Industry impact forces

3.9.1 Drivers of growth

3.9.1.1 Increase in construction expenditure in Asia Pacific

3.9.1.2 Construction contributes the most to the insulation market by Europe

3.9.1.3 Rising Energy Costs and Building Codes Are Increasing the Adoption of Insulation in North America

3.9.2 Industry Pitfalls and Challenges

3.9.2.1 Compliance of building materials and emergence of green building products

3.9.2.2 Commodity price volatility

3.10 Innovation & sustainability

3.11 Analysis of growth potential

3.12 Competitive Landscape

3.13 Porter’s analysis

3.14 PESTEL analysis

Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/insulation-market

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, in the United States, is a global provider of market research and consulting services, offering syndicated and custom research reports as well as growth consulting services. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:
Aashit Tiwari
business sales, UNITED STATES
Global Market Insights Inc.
Free: +1-888-689-0688
UNITED STATES: +1-302-846-7766
Europe: +44-742-759-8484
APAC: +65-3129-7718
Email: [email protected]

Photo: https://mma.prnewswire.com/media/1899579/Global_Insulation_Market.jpg
Logo: https://mma.prnewswire.com/media/661916/GMI.jpg

SOURCE Global Market Insights Inc.

Comments are closed.