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Wool Insulation Market Trends

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

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Wool Insulation Market Trends

As consumers increasingly recognize the health benefits of natural materials in construction, wool insulation is gaining prominence. Wool's unique ability to regulate humidity and enhance indoor air quality is emerging as a pivotal selling point. This is particularly true in markets that prioritize wellness and indoor environmental quality, fueling the growth of the market.

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.