Insulation Products Market Poised for Remarkable Growth: Expected to Reach $71.7 Billion by 2026

January 25 20:46 2024
Insulation Products Market Poised for Remarkable Growth: Expected to Reach $71.7 Billion by 2026
Browse 236 market data Tables and 52 Figures spread through 252 Pages and in-depth TOC on “Insulation Products Market”
Insulation Products Market by Insulation Type (Thermal, Acoustic), Material Type (Mineral Wool, Polyurethane Foam, Flexible Elastomeric Foam), End Use (Building & Construction, Industrial, Transportation, Consumer) and Region – Global Forecast to 2026

The global Insulation products market size is projected to grow from USD 55.1 billion in 2021 to USD 71.7 billion by 2026, at a CAGR of 5.4% between 2021 and 2026. The growth of this market is attributed to growing stringent regulations for energy-efficient insulation equipment, increase in number of HVAC applications, technological advances, and growing demand in construction, industrial, and transportation industries in Asia Pacific and North American regions.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=76188343 

The Insulation products market is dominated by large players, such as Covestro AG (Germany), Owens Corning Corp. (US), Rockwool International A/S (Denmark), Saint-Gobain ISOVER (France), Knauf Insulation (US), Huntsman Corporation (US), Armacell International S.A. (Luxembourg), Johns Manville Corporation (US), Kingspan Group (Ireland), Soprema Group (France), Cellofoam International GmbH (Germany), Recticel NV/SA (Belgium), China Jushi Co. Ltd. (China), and Rogers Corporation (US). These players have adopted various growth strategies, such as expansions, new product developments, acquisitions, and agreements, to enhance their market footprint and improve their product portfolios. Expansion of their manufacturing plants and offices, globally, is the key strategy adopted by the major players to cater to the increasing demand for Insulation products.

The pandemic has impacted more than five billion people across the world, till April 2020. More than 100 countries were under complete or partial lockdown which impacted the Insulation products business globally and regionally. Supply chain disruption and lockdown due to the pandemic have impacted the GDP of all major economies, such as Germany, the US, Japan, the UK, India, Italy, and France. However, the Insulation products market is showing signs of recovery and is expected to grow at a moderate rate during the forecast period.

Since January 2020, many Insulation products manufacturers have entered into various agreements, launched new products, and expanded their production capacities. In December 2020, Owens Corning announced the launch of FOAMULAR NGX (Next Generation Extruded), which is an XPS foam used as a building material, and it delivers 90% reduction in global warming.

In November 2020, Covestro AG developed a sustainable cast elastomer solution, enabling the offshore industry to reduce carbon footprints and environmental impact. The polyurethane elastomers are based on cardyon brand polyols, which contain CO2 and offer the performance as corresponding petrochemical-based elastomers.

In February 2020, Rockwool International A/S announced the acquisition of Parafon, the producer of stone wool-based acoustic solutions. Parafon will be a part of Rockwool’s Rockfon business.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=76188343  

Other companies have initiated the following developments:

  • In September 2021, Johns Manville launched new product in its building insulation segment namely, Corbond High Yield Open-Cell Spray Polyurethane Foam. The product is 100 percent water blown, low density and Class A rated.
  • In August 2020, China Jushi Co., Ltd., announced new product addition in its glass fiber insulation segment, E9 Ultra High Modulus. The product is developed using advanced in-built production technology. The launch of this product provides greater opportunities to the company to strengthen its footprints globally.
  • In August 2020, Armacell International S.A. announced the launch of ArmaGel DT, blanket-type insulation product, which is a next generation flexible aerogel blanket for dual-temperature and cryogenic applications.

Read Our Trending Press Release Below:

Antimicrobial Coatings Market 

Peracetic Acid Market

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/insulation-product-market-76188343.html

  Categories: