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

Key Developments

• In March 2022, Saint-Gobain, a French multinational corporation through its insulation subsidiary ISOVER, announced its investment in the coming years to increase its glass wool production capacity in France and support the growth of the energy renovation market
• Owens Corning introduced PINK Next Gen Fiberglas insulation in August 2021, featuring advanced fiber technology. This innovation offers benefits such as up to 23% faster installation compared to previous products, increased comfort during installation due to reduced dust, and enhanced resiliency from a tightly woven network of soft, fine fibers
• In February 2020, Rockwool A/S acquired Paroc's acoustic ceilings business, which operates under the sub-brand of Parafon Group. This acquisition expanded Rockwool's portfolio of ceiling products, including acoustic ceiling panels and insulation solutions. The company's stone wool technology is used to manufacture a variety of ceiling products, aimed at improving comfort, privacy, and energy efficiency in commercial and residential buildings.
• In July 2021, Rockwool A/S commenced the commercial production of stone wool insulation products at its manufacturing facility in Ranson, West Virginia. The 136-acre site began producing stone wool insulation for residential, commercial, and industrial uses, representing a significant investment in the local community and the company's commitment to sustainable and resilient construction solutions.