Market Research Report
Glass Wool or Fiberglass Insulation - A Global Market Overview
|Published by||Industry Experts||Product code||239632|
|Published||Content info||230 Pages
|Glass Wool or Fiberglass Insulation - A Global Market Overview|
|Published: March 18, 2018||Content info: 230 Pages||
Major factors driving demand for glass wool (or fiberglass) insulation include recovery in building construction activity, stringent building codes and an enhanced requirement for energy efficiency in developed regions; robust growth in building construction activity globally and the growth in industrial output in developing world. The Chinese construction industry is anticipated to register marginal growth up to 2030, while the United States is expected to outpace China over the coming decade-and-a-half, with a forecast 5% annually. By 2021, India is likely to emerge as the world's third largest construction market after overtaking Japan.
Cornering an estimated share of 45.1% equating to US$3.9 billion in 2017, the global value market for Glass Wool/Fiberglass Insulation is the largest for Residential Construction applications, which is projected to reach US$5.1 billion by 2024 to reflect the fastest CAGR of 3.9% between the two years while Commercial & Industrial Construction is likely to register the second fastest growth during the same period.
The report analyzes the market for major application areas of Fiberglass/Glass Wool Insulation including:
The report reviews, analyzes and projects the global Fiberglass/Glass Wool Insulation market for the period 2014-2024 in terms of volume in metric tons and value in US$ and the compound annual growth rates (CAGRs) projected from 2017 through 2024