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Wool Insulation Market Share
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
Who are the major players in the wool insulation market?
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.
What trends are influencing the U.S. wool insulation market growth?
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.
What is the market share of the residential segment in wool insulation?
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.
How big is the wool insulation market?
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.
What is the size of the mineral wool insulation segment?
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.