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

Key Developments

• In May 2024, Mannok, a leading manufacturer of building materials, launched the newest addition to its extensive insulation range. This latest innovation is designed to meet the growing demand for high-performance, energy-efficient insulation solutions in the construction industry. The new insulation product boasts enhanced thermal properties, ensuring superior heat retention and reduced energy consumption in buildings. Additionally, it incorporates sustainable materials and manufacturing processes, aligning with Mannok's commitment to environmental responsibility. With its advanced features and commitment to innovation, this new insulation solution from Mannok is poised to become a game-changer in the market, helping to drive the transition towards more sustainable and energy-efficient building practices.
• In May 2024, Knauf Insulation, Inc., a renowned family-owned global manufacturer of fiberglass insulation, announced the launch of its innovative HVAC fiberglass insulation product line, Knauf Performance+. This groundbreaking product line is notable for being the first of its kind to be certified asthma & allergy friendly, making it an ideal choice for improving indoor air quality in residential and commercial spaces.
• In 2023, ALP Aeroflex, a leading manufacturer of insulation products, introduced a new range of insulation solutions specifically designed for high-speed rail coaches in India. This innovative product line, developed and manufactured locally, aims to meet the unique requirements of the country's rapidly expanding high-speed rail network.
• In 2020, Owens Corning, a global leader in insulation, roofing, and fiberglass composite materials, introduced its next-generation fiberglass insulation products. This innovative line of insulation is designed to enhance energy efficiency, improve indoor air quality, and provide superior thermal performance for residential and commercial buildings.