Fiberglass Insulation Market is Forecasted to Reach US$ 16.7 billion in 2028, Says Stratview Research

The global Fiberglass Insulation Market is projected to witness a growth rate of 3.5% annually from 2023 to 2028, with an anticipated size of US$ 16.7 billion in 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Fiberglass Insulation Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/3045/fiberglass-insulation-market%20.html

Report Highlights:
Market Size in 2028: US$ 16.7 Billion
Growth (CAGR): 3.5% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Fiberglass Insulation Market:
The global Fiberglass Insulation Market is segmented based on insulation type, application type, end-use type, and region.

Based on Insulation type - The fiberglass insulation market is segmented into batts and rolls, blowing wool, slabs, and others. Batts and rolls are expected to remain the largest insulation type in the market during the forecast period owing to their key advantages, such as good thermal performance, fire resistance, moisture resistance, and affordability. Batt and roll forms are effective only when installed correctly and play a significant role in improving the energy efficiency of your building. However, blowing wool is likely to experience the fastest growth during the forecast period due to its key properties, such as ease of installation, adaptability, higher R-value, energy efficiency, and improved building codes.

Based on Application type - The market is segmented into thermal and acoustic. Thermal insulation is expected to remain the dominant application in the market during the forecast period owing to the effectiveness of fiberglass insulation in providing thermal resistance and meeting the primary objectives of insulating materials. Fiberglass insulation has become the dominant choice for thermal insulation applications in both residential and commercial construction.

Based on End-Use type - The market is segmented into residential, commercial, and industrial. Residential is expected to remain the dominant as well as the fastest-growing end-use type in the market during the forecast period, driven by a high number of residential buildings, homeowners' focus on energy efficiency, government regulations on residential energy efficiency, and awareness about fire resistance and safety.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/3045/fiberglass-insulation-market%20.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Europe holds the largest share of the fiberglass insulation market. This growth outlook is majorly attributed to the following-
• Key driving factors include strict building codes and energy efficiency regulations, a strong focus on energy efficiency and sustainability, high awareness about the benefits of proper insulation, and growing construction activities.
• Asia-Pacific is expected to remain the fastest-growing market for fiberglass insulation during the forecast period.
• China holds the major share of the region's market. Rapid economic growth, urbanization, increased awareness of energy efficiency, an increase in investment in the construction industry, and growing infrastructure development are key factors driving fiberglass insulation's demand in the region.

Fiberglass Insulation Market Drivers:
Some of the key drivers listed in the report are given below.
• Rising global awareness about energy conservation, increasing demand for higher thermal efficiency, durability, strength, lightweight, and environmentally friendly insulation products.
• An increase in construction activities, growing infrastructure spending, and rising industrial projects are key factors expected to fuel the growth of the market in the coming years.

Top 10 Companies in the Fiberglass Insulation Market:
Stratview Research has identified the following companies as the top market players:
• Owens Corning
• Saint-Gobain
• China Jushi Co., Ltd.
• Knauf Insulation
• Johns Manville
• Fletcher Building
• CSR Limited

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Fiberglass Insulation Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
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• Fiberglass Duct Wrap Insulation Market: https://www.stratviewresearch.com/2024/Fiberglass-Duct-Wrap-Insulation-Market.html
• Insulation Market: https://www.stratviewresearch.com/1047/insulation-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.