The global Fiberglass Insulation Market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period. Market revenue growth is primarily driven by factors such as increasing use fiberglass insulation materials in composites in the automotive industry, seclusion for home interiors, and as insulating materials in commercial spaces and workplaces.
Fiberglass insulation, also known as glass-reinforced plastic or glass wool insulation, is an insulation system constructed of incredibly fine glass fibers. This insulating material is available in form of batts, rolls, and loose-fill form. Fiberglass insulation materials are used in dwellings owing to aid provided in conductive and convective heat transmission by creating hundreds of tiny and porous air pockets, which provide enough heat flow resistance. In addition, glass-reinforced plastics are used in preparation of roofing lamination, door frames, over-door arches, window canopies and dormers, chimneys, coping systems, and heads with keystones and sills, amongst other things, used in house building separateness. This material is preferred as opposed to wood or metal owing to its lightweight and ease of handling, which allows speedier and efficient installation.
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Competitive Landscape:
The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Fiberglass Insulation market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, RD investments and new product launches to gain robust footing in the market and expand their product portfolio.
Key Companies in the market include: Asahi Fiber Glass (Japan), Bradford insulation (Australia), Compagnie de Saint-Gobain S.A. (France), Guardian Insulation Solutions (UK), Johns Manville (U.S.), KCC Corporation (South Korea), Knauf Insulation (Belgium), Owens Corning (U.S.), Superglass Insulation Limited (UK), Uralita Group (Spain)
Report Overview:
The materials and chemicals industry revenue has rapidly expanded over the recent past. The global Fiberglass Insulation market is expected to register robust revenue growth during the forecast period, 2021-2028. Revenue growth of the global market is significantly driven by factors such as high demand for raw materials and chemicals across various sectors including food and beverages, paper pulp, chemicals and medical, biotechnology and pharmaceutical and rapid urbanization and industrial developments worldwide. In addition, increasing per capita income, rising investments by public and private organizations and rising demand for eco-friendly and sustainable products due to rising awareness about carbon emissions are expected to boost global market growth during the forecast period.
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Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Continuous Fiber
- Fixed Length Fiber
- Glass Wool
End-use Outlook (Revenue, USD Billion; 2019-2030)
- Residential Construction
- Commercial and Industrial Construction
- Industrial and HVAC Application
- Others
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global Fiberglass Insulation market report:
- What is the expected market size of the global Fiberglass Insulation market during the forecast period?
- What factors are expected to hamper global Fiberglass Insulation market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Fiberglass Insulation market?
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