Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 28,519.50 Million | USD 34855.0042 Million | 3.40% | 2021 |
FrequentlyAsked Questions
Rising plastic foam prices are likely to stifle industry expansion, leading to the development of alternative goods. Due to the strict laws governing traditional goods such as plastic foams, recyclable insulation is gaining favour.
According to the Market Research report, the global market was worth around USD 28,519.50 million in 2021 and is estimated to grow to about USD 34855.00423 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.40 percent over the forecast period.
For its relatively active construction sector and increasing investments in urbanization projects, North America is a prominent regional market for thermal insulation materials, with the United States owning a significant market share.
Some of the main competitors dominating the global Thermal Insulation market include - Johns Manville Corporation (US), Saint-Gobain S.A. (France), BASF SE (Germany), Kingspan Group plc (Ireland), Knauf Insulation, Inc. (US), Owens Corning (US), Huntsman Corporation (US), Rockwool International A/S (Denmark), Firestone Building Products Company (US), Cabot Corporation (US), Dow Corning Corporation (US), Covestro AG (Germany) , URSA Insulation, S.A. (Spain), Paroc Group Oy (Finland), Atlas Roofing Corporation (US), GAF Materials Corporation (US), Lapolla Industries, Inc. (US), Beijing New Building Material (Group) Co., Ltd. (China), NICHIAS Corporation (Japan), Fletcher Building Limited (New Zealand), ODE Industry and Trade Inc. (Turkey), Aspen Aerogels, Inc. (US), Trocellen GmbH (Germany), Recticel SA (Belgium), and KCC Corporation (South Korea).
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