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