Global Glass Wool Thermal Insulation Material
Market Report
2025
The Global Glass Wool Thermal Insulation Material market size will grow at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Glass Wool Thermal Insulation Material market size will grow at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global Glass Wool Thermal Insulation Material Market Sales Revenue | 121212 | 121212 | 121212 | 6.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Market Split by Application |
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Market Split by End Use Sector |
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Market Split by Distribution Channel |
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Market Split by Density |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Glass Wool Thermal Insulation Material Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Glass wool, a versatile insulation material comprised of fine glass fibers, finds widespread usage in thermal and acoustic insulation across various domains, including buildings, industries, and automotive manufacturing. It is created by melting glass and subsequently spinning it into fibers, which are further processed into various forms tailored for specific applications. The glass wool market is experiencing consistent growth owing to the rising need for thermal and acoustic insulation solutions across multiple industries. Commonly referred to as fiberglass insulation, glass wool is manufactured from molten glass that is spun into fibers and subsequently transformed into mats, blankets, or boards.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the glass wool thermal insulation material sales industry.
For instance, Saint-Gobain and Dalsan received the required approval from competition authorities in February 2023 to combine their operations in the Turkish market for plaster and plasterboard.
(Source:www.saint-gobain.com/sites/saint-gobain.com/files/media/document/20230316_Dalsan%20closing_VA.pdf)
Market Dynamics of Glass Wool Thermal Insulation Material
The growth of the glass wool thermal insulation material market is the increasing emphasis on energy efficiency in buildings and industries. As the world grapples with the challenges of climate change and the need to reduce greenhouse gas emissions, energy-efficient insulation materials have gained significant traction. Glass wool insulation is known for its excellent thermal insulation properties.
In February 2023, Saint-Gobain announced its definitive agreement to purchase U.P. Twiga Fiberglass Ltd. (UP Twiga), the leading company in the Indian glass wool insulation market.
Source:www.saint-gobain.com/sites/saint-gobain.com/files/media/document/20230222_Twiga_VA.pdf
It effectively reduces heat transfer, helping to maintain a stable indoor temperature. In areas with severe weather, such as extreme heat or cold, it is crucial to consider the significant amount of energy used for heating and cooling. Many countries have established strict regulations and standards to enhance energy efficiency in buildings and industrial operations. Glass wool insulation materials play a vital role in meeting these criteria by offering efficient thermal insulation.
Growing Construction and Infrastructure Development to Propel Market Growth
The growth of the construction & infrastructure sectors is another major driver of the glass wool thermal insulation material market. The construction industry worldwide has experienced growth due to urbanization, population expansion, and infrastructure investments. Glass wool insulation is a flexible material that can be used in various construction projects. It is frequently employed in residential, commercial, and industrial buildings to insulate roofs, walls, floors, and HVAC systems. With the construction sector expanding, there is an increasing need for insulation materials to improve buildings' energy efficiency, comfort, and sustainability.
The Glass Wool Thermal Insulation Material Market is the relatively high initial costs associated with purchasing and installing glass wool insulation. While glass wool offers long-term energy savings and other benefits, the upfront investment can be a barrier for some consumers and businesses, especially those with tight budgets. The cost of the insulation material itself, along with the expenses related to professional installation, can be significant. This can deter potential customers from choosing glass wool insulation over cheaper alternatives, particularly in price-sensitive markets.
The COVID-19 pandemic had a significant impact on the glass wool thermal insulation Material Sales Market. During the early phases of the pandemic, construction projects were temporarily halted or delayed due to lockdowns and disruptions in the supply chain. This led to a slowdown in demand for glass wool insulation materials in the construction sector, impacting sales and revenue for manufacturers and suppliers. However, as the pandemic continued, there was a growing awareness of the importance of energy-efficient and well-insulated buildings to support health and comfort. This led to a resurgence in demand for insulation materials.
Capital investment growth in infrastructure across statisticians has given birth to a high demand for thermal insulation materials in developing economies like China, India, and Southeast Asia. Thermal efficiency is increasingly needed to meet energy conservation codes and standards while reducing operating costs because of the growth of residential, commercial, and industrial buildings. Demand for thermal insulation materials has also been fueled by infrastructure development projects fueled by government support in the form of smart cities, affordable housing, and city redevelopment programs. Moreover, rising demand for modular and prefabricated buildings has also added fuel to the fire, as these tend to make use of pre-insulated wall panels and other components to quicken construction as well as efficiency in energy usage.
The overall upturn in building activities, and the shift towards building energy efficiency codes guarantees a sustained demand for thermal insulation materials. China aims to retrofit over 50% of urban buildings to be "green" by 2025, which will generate sustained demand for more energy-efficient insulation technology. As a part of this vision, India has initiated the Smart Cities Mission which focuses on making more than 100 cities with sustainable infrastructure - which is the primary reason for the need for high-performance insulation. Department of Energy plans to retrofit 3 million homes to be energy efficient by 2030 in the U.S. Meanwhile, Europe aims to upgrade 35 million buildings in its Renovation Wave project, with the goal of having a 60% drop in energy usage by 2030.
https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1835#:~:text=By%202030%2C%2035%20million%20buildings%20could%20be,of%20greenhouse%20gas%20emissions%20from%20energy%20(*).
In addition, the high rate of urbanization in Southeast Asia is propelling the thermal insulation material market.
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The market for thermal insulation material made of glass wool is highly competitive, as leading companies prioritize innovation, sustainability, and strategic expansion to uphold and improve their positions. Collaboration and the creation of cutting-edge, environmentally friendly insulation solutions play a crucial role in driving growth in this dynamic sector.
February 2022: Kingspan Group has successfully acquired THU PERFIL SL, a Valencian company that specializes in manufacturing metal ceiling profiles. With decades of experience in producing ceilings, roofing, drywall, and partition profiles, THU adds valuable expertise to Kingspan's portfolio.
Source:www.kingspangroup.com/en/news-insights/kingspan-acquires-spanish-roofing-and-ceiling-specialist-thu/
March 2022:Knauf Insulation has recently inaugurated a state-of-the-art recycling facility in Vise, Belgium. This new facility, which required an investment of USD 12.5 million, specializes in recycling Glass mineral wool thermal insulation. It aims to provide an innovative recycling service dedicated to the construction and deconstruction industry.
Top Companies Market Share in Glass Wool Thermal Insulation Material Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominates the glass wool thermal insulation material market due to several key factors. Firstly, the region experiences diverse climatic conditions, ranging from extremely cold winters to hot summers, which necessitates effective insulation solutions in both residential and commercial buildings. Glass wool insulation, known for its superior thermal properties, is highly sought after to regulate indoor temperatures, reduce energy consumption, and ensure year-round comfort. Within North America, the United States (USA) emerges as the dominant country in the Glass Wool Thermal Insulation Material Sales Market. This dominance can be attributed to its vast construction industry, which continually seeks efficient and eco-friendly insulation solutions. The USA's strong economy fuels construction projects, ranging from residential housing to commercial complexes, all of which require insulation materials to meet energy codes and reduce energy costs.
Asia-Pacific has emerged as the fastest-growing region in the glass wool thermal insulation material market for several compelling reasons. Firstly, the region is witnessing a rapid urbanization and industrialization trend, leading to a surge in construction activities across residential, commercial, and industrial sectors. As populations grow and cities expand, there is a heightened demand for well-insulated buildings to ensure energy efficiency and occupant comfort. Glass wool insulation materials, known for their thermal and acoustic properties, are well-suited to meet these requirements. Moreover, the rising awareness among consumers and builders about the long-term cost savings associated with energy-efficient insulation materials has led to a surge in demand for glass wool in the Asia-Pacific market.
The current report Scope analyzes Glass Wool Thermal Insulation Material Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Glass Wool Thermal Insulation Material Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Glass Wool Thermal Insulation Material Industry growth. Glass Wool Thermal Insulation Material market has been segmented with the help of its Type, Application End Use Sector, and others. Glass Wool Thermal Insulation Material market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, The dominant category is the glass wool blanket. This dominance can be attributed to the versatility and widespread use of glass wool blankets in various insulation applications. Glass wool blankets are lightweight, flexible, and easy to handle, making them ideal for both residential and commercial insulation projects. The demand for glass wool blankets is high in construction and building projects due to their excellent thermal and sound insulation properties.
The fastest-growing category in the glass wool thermal insulation material market is the glass wool board. This growth is due to the rising adoption of glass wool boards in various industrial and commercial applications. Glass wool boards are rigid insulation materials known for their high thermal resistance and fire-resistant properties. They are used in applications where structural support and rigidity are required, such as HVAC duct insulation, equipment enclosures, and industrial insulation projects. The demand for glass wool boards is on the rise due to their exceptional insulation performance, especially in environments with higher temperature variations.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Glass Wool Thermal Insulation Material Industry. Request a Free Sample PDF!
The dominant category is indoor insulation. This dominance is primarily due to the extensive use of glass wool insulation materials in indoor applications, such as residential and commercial buildings. Glass wool insulation is favored for indoor insulation because of its excellent thermal and acoustic properties. It effectively regulates indoor temperature, keeping spaces warm in the winter and cool in the summer, thus contributing to energy efficiency. Moreover, its sound-absorbing capabilities make it an ideal choice for reducing noise pollution in indoor environments, enhancing comfort, and improving overall indoor air quality.
According to Cognitive Market Research, the fastest-growing category is exterior insulation. The increasing emphasis on energy-efficient building practices and sustainability in construction drives this growth. Exterior insulation, also known as external thermal insulation or ETICS, involves insulating the exterior walls of buildings. Glass wool insulation materials are gaining popularity for this application due to their thermal performance and ability to create a continuous thermal barrier around a building.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.
Ashwini Moharir is a market research professional with over 2 years of hands-on experience in delivering strategic insights and data-driven analysis across the healthcare and food & beverage sectors. She specializes in gathering and interpreting market data to support business decisions, product development, and competitive positioning.
With a foundation in teaching and research & development, Ashwini brings a well-rounded perspective that enhances her approach to market analysis. Her ability to combine academic rigor with practical industry knowledge allows her to uncover deeper insights and provide actionable recommendation.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Glass Wool Thermal Insulation Material Market is witnessing significant growth in the near future.
In 2023, the Glass Wool Board segment accounted for noticeable share of global Glass Wool Thermal Insulation Material Market and is projected to experience significant growth in the near future.
The Exterior Insulation segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Owens Corning , Knauf and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Glass Wool Board, Glass Wool Unbonded Blanket, Glass Wool Blanket, Others |
Application | Exterior Insulation, Indoor Insulation, Pipe Insulation, Others |
End Use Sector | New Construction, Renovation and Remodeling |
Distribution Channel | Online, Offline |
Density | Low Density, High Density |
List of Competitors | Owens Corning, Johns Manville, Knauf, Atlas Roofing, Saint-Gobain, PPG Industries, DBW Advanced Fiber Technologies |
This chapter will help you gain GLOBAL Market Analysis of Glass Wool Thermal Insulation Material. Further deep in this chapter, you will be able to review Global Glass Wool Thermal Insulation Material Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Glass Wool Thermal Insulation Material. Further deep in this chapter, you will be able to review North America Glass Wool Thermal Insulation Material Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Glass Wool Thermal Insulation Material. Further deep in this chapter, you will be able to review Europe Glass Wool Thermal Insulation Material Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Glass Wool Thermal Insulation Material. Further deep in this chapter, you will be able to review Asia Pacific Glass Wool Thermal Insulation Material Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Glass Wool Thermal Insulation Material. Further deep in this chapter, you will be able to review South America Glass Wool Thermal Insulation Material Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Glass Wool Thermal Insulation Material. Further deep in this chapter, you will be able to review Middle East Glass Wool Thermal Insulation Material Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Glass Wool Thermal Insulation Material. Further deep in this chapter, you will be able to review Middle East Glass Wool Thermal Insulation Material Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Glass Wool Thermal Insulation Material. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by End Use Sector Analysis 2021 - 2033
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Chapter 13 Market Split by Distribution Channel Analysis 2021 - 2033
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Chapter 14 Market Split by Density Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Glass Wool Thermal Insulation Material market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why Glass Wool Board have a significant impact on Glass Wool Thermal Insulation Material market? |
What are the key factors affecting the Glass Wool Board and Glass Wool Unbonded Blanket of Glass Wool Thermal Insulation Material Market? |
What is the CAGR/Growth Rate of Exterior Insulation during the forecast period? |
By type, which segment accounted for largest share of the global Glass Wool Thermal Insulation Material Market? |
Which region is expected to dominate the global Glass Wool Thermal Insulation Material Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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