Insulation Market Overview, Restraints, Demand And Forecast By 2023

Global insulation market is projected to reach $101.3 billion by 2025, P&S Market Research.
The insulation market has been segmented into glass wool, mineral wool, expanded polystyrene (EPS), extruded polystyrene (XPS), and others. Glass wool and EPS are estimated to hold more than 50% share in the market in 2017. Glass wool comprises glass fibers which are bound systematically into a structure similar to wool, and it is lighter as compared to rock wool. It is a thermal insulator consisting of flexible and knotted glass fibers, which trap air inside, resulting in low density and is produced in slabs and rolls along with several other favorable mechanical properties.

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insulation market has been segmented into residential construction, non-residential construction, industrial, heating, ventilation, and air conditioning (HVAC) & original equipment manufacturer (OEM). Of these, the residential construction category is estimated to hold the largest share during the forecast period. The extent of insulation for residential construction is dependent on the design of the building, personal preferences, climate, and energy costs and budget.

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In the Middle East and Africa (MEA), regulatory standards for construction, some of which stem from environmental policies, have pushed contractors to develop efficient ways to source special materials and supplies, such as thermally insulating materials. Also, manufacturers are resorting to the use of insulating materials to reduce operational costs of equipment, which in turn is likely to foster the growth of the insulation market in the region.

Some of the major players operating in the global insulation industry are GAF Materials Corporation, Guardian Building Products Inc., Huntsman Corporation, Johns Manville, Cellofoam North America Inc.,

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