What are the growth opportunities of Insulation market in upcoming period?

Posted on 2022-05-11 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, May 11, 2022 — /EPR Network/ —

Insulation Industry Overview

The global insulation market size was estimated at USD 57.95 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% over the forecast period.

Increasing consumer awareness regarding energy conservation is estimated to have a positive impact on the market over the forecast period. The global insulation industry has experienced limited growth as a consequence of the economic recession caused by the COVID-19 crisis, which has resulted in low investor confidence and a decline in construction activities, as a result, the insulation materials market has also experienced a catastrophic setback. The COVID-19 pandemic in the U.S affected the growth of the engineering and construction industries.

The stay-at-home instructions and social distancing mandates have slowed both new and retrofit project sites in both the residential and commercial fields. In the U.S., the glass wool sector accounted for the largest share in 2021 and is estimated to grow at a steady CAGR over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Insulation Market

Glass wool is a thermal insulator consisting of flexible and knotted glass fibers, which traps air inside resulting in low density. The segment was followed by mineral wool and EPS respectively. Rapid industrialization and urbanization in the emerging markets of China, India, Philippines, Malaysia, Thailand, and Indonesia have driven the need for better infrastructure. Moreover, increasing regulatory support and rising demand for residential and industrial insulation are the factors estimated to fuel market growth over the projected period.

However, fluctuating raw material prices and strict environmental regulations are estimated to hamper the overall market growth in the years to come. The strong presence of manufacturing industries in China, India, Brazil, and Mexico is estimated to boost the demand for fiberglass insulation in industrial buildings. This trend is anticipated to further boost the market growth. The rising demand for sustainable residential buildings on account of the growing population and rapid urbanization is a recent end-use trend estimated to drive industrial growth. Furthermore, technological enhancements in thermal insulation like vacuum insulation panels and R&D activities to advance transparent thermal insulation are the factors estimated to create new opportunities for industrial development.

Browse through Grand View Research’s Advanced Interior Materials Industry Research Reports.

Aerogel Market – The global aerogel market size was valued at USD 818.9 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 15.1% from 2020 to 2028.
Calcium Carbonate Market – The global calcium carbonate market size was valued at USD 42.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030. Increasing demand for paper from packaging applications and hygiene-related products like tissue paper is a major growth driver for the market.

Insulation Market Segmentation

Grand View Research has segmented the global insulation market on the basis of product, end use, and region:

Insulation Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- Glass Wool
- Mineral Wool
- EPS
- XPS
- CMS Fibers
- Calcium Silicate
- Aerogel
- Cellulose
- PIR
- Phenolic Foam
- Polyurethan
Insulation End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- Construction
  - Residential
  - Non-residential & Commercial
- Industrial
- HVAC & OEM
- Transportation
  - Automotive
  - Marine
  - Aerospace
- Appliances
- Furniture
- Packaging
Insulation Region Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa

Market Share Insights

April 2021: Carlisle Companies Inc. announced an investment of more than US$ 60 Mn for building of an innovative, technologically advanced polyiso insulation manufacturing facility in Sikeston, Missouri.
June 2021: Hempel acquired a unique technology developed by Das Lack Enetherm that will enable Hempel to develop and launch coatings with insulation properties within a year.

Key Companies profiled:

Some prominent players in the insulation market include

GAF Materials Corp.
Huntsman International LLC
Johns Manville
Cellofoam North America, Inc.
Rockwool International A/S
DuPont
Owens Corning
Atlas Roofing Corp.
Saint-Gobain S.A.
Kingspan Group
BASF
Knauf Insulation
Armacell International Holding GmbH
URSA
Covestro AG
Recticel NV/SA
Carlisle Companies, Inc.
Bridgestone Corp.
Fletcher Building
3M

Order a free sample PDF of the Insulation Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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