BUILDING THERMAL INSULATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In February 2024, Owens Corning, a prominent manufacturer of building materials, launched a new line of sustainable fiberglass insulation products aimed at reducing environmental impact. Owens Corning, a leading provider of building materials, has introduced a novel range of fiberglass insulation solutions in February 2024 that prioritize sustainability and aim to mitigate the industry's environmental footprint.
• In October 2023, Knauf Insulation expanded its manufacturing facility in Europe to enhance its production capacity for insulation materials. This strategic move aims to meet growing demand and strengthen the company's position in the insulation market.
• In 2023, Rockwool International A/S, a leading manufacturer of stone wool insulation products and solutions. formed a partnership with a leading construction firm to advocate for the adoption of stone wool insulation in upcoming building projects. This collaboration aims to highlight the benefits of stone wool as an effective and sustainable insulation solution in the construction industry.
• In 2023, BASF SE, a German multinational chemical company launched a range of innovative insulation solutions aimed at improving energy efficiency in residential applications. These cutting-edge products are designed to provide homeowners with effective options for reducing energy consumption and enhancing overall comfort in their living spaces.