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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Insulation Market Analysis
The insulation market is being aided by the rising demand for consumers for energy conservation. The growing demand for residential and industrial insulation is projected to support the growth of the industry further. With the increasing demand from residential and industrial sectors, the infrastructure sector is expected to dominate the application segment of the industry. EPA is projected to be the largest product type in the insulation market. The EPA segment is expected to be driven by the product’s favourable properties like its lightweight and high-tensile strength.
Insulation Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global insulation market attained a value of nearly USD 62.91 billion.
The market is projected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is projected to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 91.81 billion by 2032.
The market is being driven by the favourable properties of insulation materials like lightweight and high-tensile strength, rising industrialisation and urbanisation, rising oil output from India and China, and rising demand for refurbishing and renovation materials.
The rising demand for consumers for energy conservation and the growing demand for residential and industrial insulation are the key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Glass wool, mineral wool, EPS, XPS, CMS fibres, calcium silicate, aerogel, cellulose, PIR (polysio), phenolic foam, and polyurethane, are the major products in the market.
The significant applications of insulation are infrastructure, industrial, HVAC and OEM, transportation, appliances, furniture, and packaging.
The major players in the market are GAF, Huntsman International LLC, Johns Manville, Cellofoam North America Inc., ROCKWOOL International A/S, DuPont de Nemours, Inc., and Owens Corning, among others.
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