Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 53.5 million | USD 77.8 million | 5.5% | 2021 |
FrequentlyAsked Questions
Rapid urbanization and increasing population have enhanced the demand for power and energy owing to which, insulation materials are being extensively incorporated in various construction projects. Additionally, there is a significant increase in the sales of cooling appliances such as air conditioners and refrigerators, which is further boosting the growth of the market.
According to the Report, the global insulation product market size was worth around USD 53.5 billion in 2021 and is predicted to grow to around USD 77.8 billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2028.
The global insulation product market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the increasing investment and growing construction industry.
The global insulation product market is dominated by players like GAF, Huntsman International LLC, Johns Manville, Cellofoam, ROCKWOOL A/S, DuPont, Owens Corning, Atlas Roofing Corporation, Saint-Gobain, Kingspan Group, BASF SE, Knauf Insulation, among others.
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