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Showing posts with the label global fiberglass insulation market

Worldwide Construction Downturn Impacted Global Glass Wool/Fiberglass Demand in 2020 | Market Research Report (2020-2026) by Industry Experts, Inc

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Industry Experts, Inc. published an updated 2021 version of its comprehensive market report on Glass Wool/Fiberglass Insulation. This global market report entitled " Glass Wool or Fiberglass Insulation – A Global Market Overview " covers the detailed impact of COVID-19 pandemic on the Glass Wool/Fiberglass Insulation market and projections through 2026. Downturn in the residential and commercial construction markets due to COVID-19 impact, global demand for Glass Wool insulation in Residential Construction and Commercial & Industrial Construction sectors has declined significantly in 2020 compared to that of in 2019. Expected to recover to pre-COVID-19 pandemic levels around 2022, Glass Wool insulation demand in Residential Construction and Commercial & Industrial Construction applications is project to reach 3.2 MTs and 1.2 MTs respectively by 2026, maintaining 2020-2026 volume CAGRs of 3.9% each. Asia-Pacific region is expected to record a robust growth of 5.3% p...

Growth in Global Construction Activity to Spur Demand for Glass Wool Insulation to Touch 6 Million MTs

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Industry Experts, Inc. unveiled an updated 2018 version of its global market report on Glass Wool Insulation. The new report entitled " Glass Wool or Fiberglass Insulation – A Global Market Overview ", reveals North America is the largest region for Glass Wool volume consumption in the Residential Construction sector while Europe is the leading global region for Glass Wool volume consumption in Commercial & Industrial Construction applications. Whereas Asia-Pacific is projected to exceed all other regions in terms of growth, with a 2017-2024 compounded annual rate of 5.6% account for a consumption of 443.6 thousand metric tons by 2024. Asia-Pacific region is expected to record a robust growth of 5.2% per year through 2017 to 2024, attributed to rising building construction activity and growth in industrial, HVAC and appliances sectors. Particularly, China and India are projected to record the fastest growths in glass wool insulation demand . Recovery in residential and...