INDUSTRIAL INSULATORS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In October 2022, The Knauf Group invested around EUR 135 million (~USD 133.4 million) in Knauf Insulation's facility in Tarnaveni, Romania, along with upgrading the existing plant, which was bought earlier this year, increasing its ability to produce mineral wool (insulation) across Central and Eastern By 2024, the new facility should be finished.
• In March 2021, The ENERMAXTM 6 carbon nanotube (CNT) new series was introduced by Cabot Corporation. The most recent addition to the company's collection of high-performance CNTs are these nanotubes. It is now the most conductive multi-walled product owing to its high aspect ratio.
• In July 2021, Rockwool Manufacturing has launched commercial stone wool insulation products. The revolutionary plant is the first post-pandemic increase in stone wool insulation manufacturing capacity in North America and produces ROCKWOOL's stone wool insulation for the residential, commercial, and industrial applications.
• In November 2022, BEWI strengthened its insulation solutions product portfolio in Spain and expanded its geographic reach by acquiring Aislamientos y Envases SL, a Spain-based insulation company that offers EPS-based products for industrial and packaging applications.