The Global Market for Glass Wool Insulation is Projected to Reach 4.8 Million Tons by 2020

Focus on Energy Efficiency Drives the Market for Glass Wool Insulation, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Glass Wool Insulation. The global market for Glass Wool Insulation is projected to reach 4.8 million tons by 2020, driven by increasing construction activity in emerging countries, and focus on achieving energy efficiency in buildings.

Glass wool insulation is one of the most widely used types of insulation in the world. Preference for glass wool as an insulation material can be primarily attributed to its light weight, high resilience and superior tensile strength, in addition to its acoustic and thermal insulation properties. New residential and commercial construction activity in emerging markets, repair/remodeling activity in developed markets, and stringent regulations pertaining to building energy requirements are among the key factors driving growth in the market. Further, demand from high-tech industries such as electronics, automotive, construction, and aircraft is also helping drive growth in the market.

Increasing thermal insulation requirements from conventional power generation plants, nuclear and solar power plants, process plants and other industrial environments for reducing energy consumption and increasing energy efficiency are also expected to infuse demand for glass wool in the coming years. This coupled with prevention/minimization of energy loss during insulation in oil and gas plants, transportation of LNG, HVAC Applications, and shielding bodywork and components in automobiles represent key growth drivers in the market.

As stated by the new market research report on Glass Wool Insulation, the United States represents the largest market worldwide, followed by Europe. Asia-Pacific represents the fastest growing market worldwide with a CAGR of 6.5% over the analysis period. In the coming years, market growth will be chiefly driven by factors such as rapid pace of industrialization, strong growth in residential and non-residential sectors, increasing focus on energy efficiency, and favorable government policies.

Key players covered in the report include CSR Limited, DBW Advanced Fiber Technologies GmbH, Exeed Glasswool, Fletcher Insulation, GLAVA AS, Johns Manville, Knauf GmbH, Knauf Insulation, Kuwait Insulating Material Manufacturing Co., Owens Corning, Arabian Fiberglass Insulation Company Ltd., PPG Industries, Saint-Gobain, CertainTeed Corporation, Saint-Gobain Isover, Superglass Ltd, UP Twiga Fiberglass Limited, Uralita Group, and URSA Insulation S.A, among others.

The research report titled “Glass Wool Insulation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, latest product launches and recent industry activity. The report provides market estimates and projections for the global and major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), The Middle East and Latin America. Key application areas analyzed in the report include Housing Construction, Commercial/Industrial/ Infrastructural, Industrial/Commercial Equipment and Others.