The Fiberglass Insulation Market is segmented by Insulation Type (Batts and Rolls, Blowing Wool, Slabs, and Others), by Application Type (Thermal and Acoustic), by End-Use Type (Residential, Commercial, and Industrial), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Italy, and RoE], Asia-Pacific [China, Japan, India, South Korea, and RoAP], and Rest of the World [The Middle East, Latin America, and Others]).
The Fiberglass Insulation Market is segmented by Insulation Type (Batts and Rolls, Blowing Wool, Slabs, and Others), by Application Type (Thermal and Acoustic), by End-Use Type (Residential, Commercial, and Industrial), and by Region...
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
Segmentations
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?
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
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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.
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.
