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  • Fiberglass Insulation Market Analysis | 2023-2028

    Fiberglass Insulation Market Analysis | 2023-2028

    Fiberglass Insulation Market Analysis | 2023-2028
    Report code - SR2161 Published On : Nov,2023 No. of Pages: 120
    Fiberglass Insulation Market Size, Share, Trend, Forecast, Competitive Analysis, and Growt See more...

    Market Highlights

    The Fiberglass Insulation Market is likely to register a healthy CAGR of 3.5% over the next five years to reach a value of US$ 16.7 Billion in 2028.

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    Fiberglass is an insulation material made up of extremely fine glass fibers and is produced by melting glass and then spinning it into fine threads. This insulation material traps air and slows heat transfer. It is generally utilized in various forms of insulation such as blankets (batts and rolls), and loose-fill, and is available as rigid boards and duct insulation. The effectiveness of fiberglass insulation is measured by its R-value, which represents its ability to resist heat flow. A higher R-value indicates better insulating properties. The R-value of fiberglass insulation can vary depending on its thickness and density.

    Fiberglass insulation currently holds less than 25% of the overall insulation market and it is likely to experience healthy growth during the forecast period.

    Rising global awareness about energy conservation, increasing demand for higher thermal efficiency, durability, strength, lightweight, and environmentally friendly insulation products, an increase in construction activities, growing infrastructure spending, and rising industrial projects are key factors expected to fuel the growth of the market in the coming years.

    Covid-19 Impact

    The Covid-19 pandemic has had the very least impact on the fiberglass insulation market, and the market witnessed a decline of less than 2%, in 2020. The market rebounded in 2021, followed by healthy growth in 2022.

    Recent Market JV and Acquisition:

    • In April 2023, Saint-Gobain acquired Twiga Fiberglass Ltd., one of the leading glass fiber insulation manufacturers in India (Uttar Pradesh) for an enterprise value of US$ 51 million (Approx.)

    Segments Analysis


    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Insulation-Type Analysis

    Batts and Rolls, Blowing Wool, Slabs, and Others

    Batts and rolls are anticipated to remain the dominant, whereas blowing wool is likely to experience the fastest growth.

    Application-Type Analysis

    Thermal and Acoustic

    Thermal is expected to remain the dominant application, whereas acoustic is likely to experience faster growth.

    End-Use Type Analysis

    Residential, Commercial, and Industrial

    Residential is projected to remain the dominant as well as the fastest-growing end-use in the market.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    Europe is expected to remain the dominant market over the next five years. Asia-Pacific is likely to grow at the fastest rate during the same period.


    By Insulation Type

    The fiberglass insulation market is segmented into batts and rolls, blowing wool, slabs, and others. Batts and rolls are expected to remain the largest insulation type in the market during the forecast period owing to their key advantages, such as good thermal performance, fire resistance, moisture resistance, and affordability. Batt and roll forms are effective only when installed correctly and play a significant role in improving the energy efficiency of your building. However, blowing wool is likely to experience the fastest growth during the forecast period due to its key properties, such as ease of installation, adaptability, higher R-value, energy efficiency, and improved building codes.

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    By Application Type

    The market is segmented into thermal and acoustic. Thermal insulation is expected to remain the dominant application in the market during the forecast period owing to the effectiveness of fiberglass insulation in providing thermal resistance and meeting the primary objectives of insulating materials. Fiberglass insulation has become the dominant choice for thermal insulation applications in both residential and commercial construction.

    By End-Use Type

    The market is segmented into residential, commercial, and industrial. Residential is expected to remain the dominant as well as the fastest-growing end-use type in the market during the forecast period, driven by a high number of residential buildings, homeowners’ focus on energy efficiency, government regulations on residential energy efficiency, and awareness about fire resistance and safety.

    Regional Analysis

    In terms of region, Europe holds the largest share of the fiberglass insulation market. Key driving factors include strict building codes and energy efficiency regulations, a strong focus on energy efficiency and sustainability, high awareness about the benefits of proper insulation, and growing construction activities.

    Asia-Pacific is expected to remain the fastest-growing market for fiberglass insulation during the forecast period. China holds the major share of the region’s market. Rapid economic growth, urbanization, increased awareness of energy efficiency, an increase in investment in the construction industry, and growing infrastructure development are key factors driving fiberglass insulation’s demand in the region.

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    Key Players

    The market is fairly populated, with the presence of some regional and global players. Most of the major players compete on some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the fiberglass insulation market:

    • Owens Corning
    • Saint-Gobain
    • China Jushi Co., Ltd.
    • Knauf Insulation
    • Johns Manville
    • Fletcher Building
    • CSR Limited

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s fiberglass insulation market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Fiberglass Insulation Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The fiberglass insulation market is estimated to grow at a CAGR of 3.5% by 2028, driven by an increase in construction activities, growing infrastructure spending, rising industrial projects, and growing global awareness about energy conservation.

    The fiberglass insulation market is likely to reach US$ 16.7 Billion in 2028.

    Europe is estimated to remain dominant in the fiberglass insulation market in the foreseeable future. Germany, France, and The UK are key economies in the region that are gradually adopting stricter building codes, leading to an increase in the penetration of fiberglass insulation materials in the region.

    Residential is expected to remain the dominant end-use type in the market during the forecast period owing to the high number of residential buildings, changing trends towards eco-friendly buildings, government regulations on residential energy efficiency, and awareness about fire resistance and safety.

    Owens Corning, Saint-Gobain, China Jushi Co., Ltd., Knauf Insulation, Johns Manville, Fletcher Building, and CSR Limited are the leading players in the fiberglass insulation market.