Press release
Insulation Products Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
The Business Research Company offers in-depth market insights through Insulation Products Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The insulation products market size has grown strongly in recent years. It will grow from $65.02 billion in 2023 to $69.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to energy efficiency regulations, construction boom, rising awareness of environmental impact, government incentives and rebates, climate variability and extreme temperatures.
The insulation products market size is expected to see strong growth in the next few years. It will grow to $87.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to stricter energy efficiency standards, renewable energy integration, focus on green building certifications, global urbanization trends, rising focus on indoor comfort. Major trends in the forecast period include high-performance materials, green and sustainable insulation, smart insulation technologies, health and indoor air quality, digitalization in manufacturing.
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Market Segmentation:
The insulation products market covered in this report is segmented -
1) By Insulation Type: Thermal, Acoustic, Other Insulation Types
2) By Material Type: Mineralwool, Fibreglass, Stone Wool, Polyurethane Foam, Flexible Elastomeric Foam, Other Materials
3) By Distribution Type: Online, Offline
4) By End-User: Building And Construction, Industrial, Transportation, Consumer, Other End Users
Major Driver - Rising Demand For Residential Construction Boosting The Insulation Products Market
Increased residential buildings are expected to propel the growth of the insulation products market. Residential buildings refer to the buildings used for housing. The trend for energy-efficient construction is creating demand for insulation products. For example, in January 2023, 1,406,000 new housing units were constructed in the USA, a 12.8% growth from January 2022. Therefore, increased residential buildings will drive the insulation products market.
Competitive Landscape:
Major companies operating in the insulation products market report are Saint-Gobain S.A, Rockwool International A/S, Huntsman Corporation, Atlas Roofing Corporation, GAF Materials Corporation, Kingspan Group plc, BASF SE, Owens Corning, Knauf Insulation GmbH, Johns Manville Corporation, Bridgestone Corporation, Covestro AG, Armacell International Holding GmbH, DuPont de Nemours Inc., Cellofoam North America Inc., Recticel NV/SA, Lloyd Insulations (India) Limited, L'ISOLANTE K-FLEX S.p.A., Nichias Corporation, NMC SA, Paroc Group, Pittsburgh Corning Corporation, Polyglass S.p.A., Superglass Insulation Ltd., Superlon Worldwide Sdn Bhd, TechnoNICOL Corporation, Thermafiber Inc., Uralita SA.
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Top Trend - Technological Advancements Transforming The Landscape Of Insulation Products In The Market
Technological advancements are the key trends gaining popularity in the insulation products market. Companies operating in the insulation products market are adopting new technologies to sustain their position in the market. For instance, in August 2021, Owens Corning, a US-based company that manufactures fiberglass composites, roofing, insulation, and associated materials and goods launched PINK Next Gen fiberglass technology. This technology is a tightly woven network of soft, fine fibers produced using the cutting-edge fiber technology of PINK Next Gen Fiberglas, creating a super-resilient blanket of insulating micro-pockets. Compared to other insulation materials and spray foam insulation, the new product is safer for installers and residents and can be installed more quickly.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Insulation Products Market Characteristics
3. Insulation Products Market Trends And Strategies
4. Insulation Products Market - Macro Economic Scenario
5. Insulation Products Market Size And Growth
…..
27. Insulation Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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