Insulation Market Size, Top Key Players and Growth Analysis | Share, Growth and Trends by Forecast to 2022

2022
Industry Updates:
July 2017 German firm Knauf Gips KG who is the world’s leading manufacturer of gypsum-based plasterboard, is planning to set up a $50-million plant in Batangas, signaling the start of local production for both domestic and overseas markets. The group’s investment in the Philippine market in particular marks another addition to the group’s 150 production facilities and sales organizations in more than 60 countries which employs around 26,000 workers.

Jan 2018 Owens Corning’s, the maker of pink insulation, roofing shingles, and other building materials has its shares up to $42.99, marking an 83 percent gain. The company appears have even more growth in its future. It has recorded a 126 percent free cash flow over the last two years, a return on capital that has more than doubled since 2012, and adjusted operating earnings that have more than doubled since 2014.

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Global Insulation Market – Overview
Insulation is required for building purposes as they serve a variety of reasons. Market Research Future, a firm which specializes in market reports related to the Construction sector among others, recently published a report on this market. The global insulation market will expand at a rapid pace with an increase in revenue and an encouraging CAGR in the forecast period.

As the demand for insulation products rises every day, the market for insulation products is expanding in proportion to meet this demand. With increase in construction activities around the world, the demand for insulation products has increased significantly. Rising costs of energy have also supplemented the growth of the sector tremendously. Factors such as increasing rate of urbanization and need for energy efficiency has further bolstered the growth of the market.
Industry Segments

The market for insulation market is segmented on the basis of material into fiberglass, plastic fibers, mineral wool, natural fibers and others and on the basis of product applications it includes residential, and non-residential.

Detailed Regional Analysis
The market globally covers four main regions namely Europe, Asia Pacific, America, and Middle East & Africa. North America is the second biggest region for the building insulation material market. The North America building insulation material market is driven by numerous factors such as consumer inclination for green buildings and continual investments in commercial real estate market. In North America, U.S. is the recognized as the largest market for the modular construction. It was attributed with the largest market share in 2016. In the past few years, the annual value of construction in U.S. had been increasing continuously. Robust developments in the commercial and residential structures in the U.S., is expected to fuel the demand for insulation in the construction market in the region.

Europe is an essential market for the global building insulation material. Increasing upgradation of the present infrastructure, mounting environmental concerns and the increasing interest in energy saving & cost benefit construction, are the factors driving the growth of the market in European region. In Europe, U.K. is the main market for the building insulation material. The increase in construction output is credited to private housing, commercial and infrastructure construction growth together with growth in privately funded projects in the education and the health sectors.

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Global Competitive Analysis
The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. The industry players in the segment are efficiently utilizing their primary resources to initiate long lasting growth changes. A trend of volume-driven growth has been witnessed in the market of late with the development of different varieties of product types. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. Conversely, with companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented.

The leading market players in the market for global insulation include Huntsman Corporation, Knauf Gips, Owens Corning, CertainTeed Corporation, Johns Manville to name a few.

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