Global Glass Wool Insulation Market Overview:
Glass wool insulation is the most commonly used type of insulation installed today in the construction industry. Glass wool insulation is made by heating sand and glass to about 15000c to melt the mixture. Then the mixture is spun at high speed to form fibers, which are then stuck together using a resin binder, creating a thick web of fibers that is resembles sheep’s wool and highly flexible. Glass wool insulation products are manufactured to be applied in multiple areas of buildings worldwide. Glass wool is most commonly known for insulation in ceilings of buildings.
As per latest study released by AMA Research, the Global Glass Wool Insulation market is expected to see growth rate of 5.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Demand for Glass Wool Insulation Products leading to Increased Industrial Productivity
Market Growth Drivers:
Rising Recovery in Building Construction Activity Globally and An Enhanced Requirement for Energy Efficiency in Developed Economies
Challenges:
Growing Economic Fluctuation in the under Developed and Developing Countries
Restraints:
Stringent Building Codes and Lack of Awareness about Insulation
Opportunities:
The Rising Growth in Building Construction Activity Globally and Technological Advancement in Glass Wool Insulation
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Owens Corning (United States), Knauf Insulation (Belgium), Superglass Ltd (United Kingdom), Saint-Gobain Isover (France), Johns Manville (United States), Knauf GmbH (Germany), PPG Industries (United States), CertainTeed Corporation (United States), UP Twiga Fiberglass Limited (India), Fletcher Insulation (Australia) and Uralita Group (Spain). The Vendors having a strong hold in the market are Owens Corning, Knauf Insulation, Superglass Ltd., Saint-Gobain. Additionally, following companies can also be profiled that are part of our coverage like GLAVA AS (Norway), Kuwait Insulating Material Manufacturing Co. (Kuwait), Exeed Glasswool (Abu Dhabi), Saint-Gobain (France), Arabian Fiberglass Insulation Company Ltd. (Saudi Arabia) and DBW Advanced Fiber Technologies GmbH (Germany). Analyst at AMA Research see United States Vendors to retain maximum share of Global Glass Wool Insulation market by 2030.
Latest Market Insights:
In October 2022, Rockwool International, a leading glass wool insulation manufacturer, partnered with Saint-Gobain, another major building materials supplier, to collaborate on developing sustainable construction solutions. This included exploring the use of recycled materials in glass wool production.
In May 2022, Rockwool International launched its ROCKWOOL® Air-Rock® product line, a new generation of lightweight and breathable glass wool insulation for energy-efficient construction.
What Can be Explored with the Glass Wool Insulation Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Glass Wool Insulation Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Glass Wool Insulation
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Glass Wool Insulation market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Glass Wool Insulation market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Glass Wool Insulation Manufacturers, Traders, Distributors and Suppliers, Companies Operational in Material R&D, Regulatory & Government Bodies, Downstream Vendors, Insulation Associations and Industrial Bodies and Other.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.