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Wool Insulation Market Share

Report ID: GMI12369
Published Date: Nov 2024
Report Format: PDF

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Wool Insulation Market Share

Global Wool Insulation Company Market Share Analysis, (2023)

The global market for wool insulation showcases a competitive landscape teeming with a mix of players, from multinational giants to regional manufacturers and specialized niche companies. Predominantly fragmented, the market sees major players like Rockwool International A/S, Saint-Gobain ISOVER, BASF, Kingspan Group, and Huntsman International LLC. These companies command significant market shares, bolstered by their vast product portfolios and robust brand recognition. The surge of e-commerce has broadened online sales channels, allowing brands to tap into wider audiences and boost customer engagement via digital marketing.

Wool Insulation Market Companies

Major players operating in the wool insulation industry are:

Armacell
BASF
Fletcher Insulation
Greenfiber
Huntsman International LLC
Isover
Johns Manville
Kingspan Group
Knauf Insulation
Owens Corning
Pittsburg Corning
Promat International
Rockwool International A/S
Saint-Gobain
Soprema

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for wool insulation was reached USD 3.02 billion in 2023 and is estimated to grow at a 4.5% CAGR from 2024 to 2032, driven by the shift towards sustainable and eco-friendly construction solutions.

The mineral wool insulation segment crossed USD 2.28 billion in 2023 and is projected to grow at a CAGR of around 4.6% from 2024 to 2032, led by its exceptional thermal performance and rising energy efficiency demands in construction.

The residential segment held around 57% share of the wool insulation market in 2023 and is anticipated to grow at a CAGR of 4.7% during 2024 to 2032, as homeowners seek sustainable and cost-effective methods to boost energy efficiency.

The U.S. wool insulation market size surpassed USD 635 million in 2023 and is set to register a CAGR of about 4.6% from 2024 to 2032, propelled by the emphasis on health-centric construction and the surge in retrofitting and home renovation projects.

Key players in the wool insulation industry include Armacell, BASF, Fletcher Insulation, Greenfiber, Huntsman International LLC, Isover, Johns Manville, Kingspan Group, Knauf Insulation, Owens Corning, Pittsburg Corning, Promat International, Rockwool International A/S, Saint-Gobain, and Soprema.