GITNUX MARKETDATA REPORT 2024

Insulation Products Industry Statistics

The Insulation Products Industry is projected to experience steady growth in the next few years, driven by increasing focus on energy efficiency and sustainability in construction and industrial sectors.

With sources from: ibisworld.com, grandviewresearch.com, stryde.com, globenewswire.com and many more

Statistic 1

In 2020, the global insulation products market size was valued at $52.18 billion, due to increased demand in industrial and housing insulation.

Statistic 2

The insulation products industry is anticipated to grow at a compound annual growth rate (CAGR) of 3.8% from 2021 to 2028.

Statistic 3

The residential application of insulation products led the market in 2020, accounting for a majority of industry share.

Statistic 4

The Asia Pacific region was the largest market for insulation products in 2020 due to urbanization and industrial growth.

Statistic 5

In 2021, Fiberglass insulation accounted for the biggest market share of about 48.6%.

Statistic 6

The mineral wool insulation material's segment is projected to grow significantly from 2020 to 2025.

Statistic 7

The insulation industry in the United States brought in $10 billion in revenue in 2021.

Statistic 8

The insulation industry in the U.S. is projected to grow by 2.4% in 2021.

Statistic 9

Over 222,223 people are employed in the insulation industry in the U.S. in 2021.

Statistic 10

In 2019, Europe had the second-largest market share in the insulation products market.

Statistic 11

By 2026, foam insulation is expected to register a 4.5 percent CAGR.

Statistic 12

During 2020, over 37 percent of insulation products were consumed by the residential sector.

Statistic 13

The value of the global insulation products market might increase to over $67 billion by the year 2026.

Statistic 14

The Green Buildings trend is expected to boost the insulation products market significantly.

Statistic 15

Plastic foam holds the largest share in the residential insulation products segment.

Statistic 16

In North America, the U.S. holds the highest market share for insulation products.

Statistic 17

The insulation market in Latin America is being driven by Brazil, because of its growing construction industry.

Statistic 18

The Middle East & Africa insulation market is estimated to register a CAGR of 7.5% during the next five years.

Statistic 19

The cellulose insulation segment is estimated to register a CAGR of around 4% during 2021-2026.

Statistic 20

The industrial insulation product market is projected to reach a size of $9,890 million by 2023.

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In the following post, we will analyze key statistics and trends shaping the insulation products industry. From market sizes and regional dynamics to material segments and employment figures, we’ll provide a comprehensive overview of the industry’s landscape and growth prospects. Stay tuned to understand the current state and future outlook of the global insulation market.

Statistic 1

"In 2020, the global insulation products market size was valued at $52.18 billion, due to increased demand in industrial and housing insulation."

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Statistic 2

"The insulation products industry is anticipated to grow at a compound annual growth rate (CAGR) of 3.8% from 2021 to 2028."

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Statistic 3

"The residential application of insulation products led the market in 2020, accounting for a majority of industry share."

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Statistic 4

"The Asia Pacific region was the largest market for insulation products in 2020 due to urbanization and industrial growth."

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Statistic 5

"In 2021, Fiberglass insulation accounted for the biggest market share of about 48.6%."

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Statistic 6

"The mineral wool insulation material's segment is projected to grow significantly from 2020 to 2025."

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Statistic 7

"The insulation industry in the United States brought in $10 billion in revenue in 2021."

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Statistic 8

"The insulation industry in the U.S. is projected to grow by 2.4% in 2021."

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Statistic 9

"Over 222,223 people are employed in the insulation industry in the U.S. in 2021."

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Statistic 10

"In 2019, Europe had the second-largest market share in the insulation products market."

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Statistic 11

"By 2026, foam insulation is expected to register a 4.5 percent CAGR."

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Statistic 12

"During 2020, over 37 percent of insulation products were consumed by the residential sector."

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Statistic 13

"The value of the global insulation products market might increase to over $67 billion by the year 2026."

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Statistic 14

"The Green Buildings trend is expected to boost the insulation products market significantly."

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Statistic 15

"Plastic foam holds the largest share in the residential insulation products segment."

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Statistic 16

"In North America, the U.S. holds the highest market share for insulation products."

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Statistic 17

"The insulation market in Latin America is being driven by Brazil, because of its growing construction industry."

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Statistic 18

"The Middle East & Africa insulation market is estimated to register a CAGR of 7.5% during the next five years."

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Statistic 19

"The cellulose insulation segment is estimated to register a CAGR of around 4% during 2021-2026."

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Statistic 20

"The industrial insulation product market is projected to reach a size of $9,890 million by 2023."

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Interpretation

In conclusion, the global insulation products industry is experiencing significant growth driven by increased demand in various sectors such as residential, industrial, and commercial. The market is projected to expand steadily, with specific materials like fiberglass, mineral wool, foam, and plastic foam playing key roles in the industry. Regions like the Asia Pacific, the U.S., Europe, Latin America, and the Middle East & Africa are all contributing to the market's growth in their respective ways. With innovations like Green Buildings driving further market expansion, the future looks promising for the insulation products industry, with substantial revenue increases expected in the coming years.

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