Global Insulation Market Driven by Increasing Need for Energy Efficiency in Buildings, Forecasted to Grow by $23.11 Billion by 2027


Dublin, July 20, 2023 (GLOBE NEWSWIRE) -- The "Global Insulation Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.

The insulation market is expected to experience substantial growth during the forecast period of 2022-2027, with a projected increase of USD 23.11 billion at a CAGR of 5.6%.

This comprehensive report on the insulation market provides insights into market size, trends, growth drivers, challenges, and vendor analysis, covering approximately 25 key players.

The report presents an up-to-date analysis of the current market scenario, key trends, and growth drivers, highlighting the overall market environment.

The market growth is primarily driven by:

  • Growing need for energy efficiency in buildings, stimulating the demand for insulation materials to reduce heat transfer and optimize energy consumption
  • Increased infrastructure development, particularly in the commercial and residential sectors, leading to a surge in demand for insulation solutions
  • Need to optimize building energy consumption, driving the adoption of insulation materials to enhance thermal performance and reduce energy costs

Market Segmentation:

  • By Product: Wool, Plastic foam, Others
  • By End-user: Non-residential, Residential
  • By Geographical Landscape: APAC, North America, Europe, Middle East and Africa, South America

Key Drivers of Insulation Market Growth:

  • Green building developments exerting a significant influence on sales prospects, fostering the adoption of insulation solutions in energy-efficient construction practices
  • High demand from developing nations, driven by rapid urbanization and infrastructure development
  • Increasing demand for foam insulation materials due to their exceptional thermal insulation properties and versatility across various applications

The report provides a comprehensive analysis by studying, synthesizing, and analyzing data from multiple sources and key parameters.

Companies Mentioned:

  • Aeroflex USA Inc.
  • Altana AG
  • Armacell International SA
  • BASF SE
  • Carlisle SynTec Systems
  • Compagnie de Saint Gobain
  • Continental AG
  • Dow Inc.
  • Holcim Ltd.
  • Huntsman International LLC
  • Kaneka Corp.
  • Recticel NV
  • Rilmac Group of Companies
  • ROCKWOOL International AS
  • Synthos SA
  • Thermaflex International Holding BV
  • Xella International GmbH
  • Kingspan Group Plc
  • Knauf Digital GmbH
  • Owens Corning

For more information about this report visit https://www.researchandmarkets.com/r/tkhg9c

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