2021 Global Glass Wool or Glass Fiber Insulation Material Market Report: Global warming and green issues drive the demand for glass fiber insulation materials

2021-12-11 03:04:21 By : Ms. Kitty Dai

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Dublin, November 25, 2021/PRNewswire/-"Glass Wool or Fiberglass Insulation Materials-Global Market Overview" report has been added to ResearchAndMarkets.com's products.

The report reviews, analyzes and predicts the metric tons and market value (USD) of the global glass wool/glass fiber insulation market from 2017 to 2026 and the expected compound annual growth rate (CAGR) from 2020 to 2026. Special attention is paid to the pandemic The impact of and year-on-year growth in 2019-2020

Due to the impact of COVID-19, the residential and commercial construction market is in a downturn. Compared with 2019, the global demand for glass wool insulation (or glass fiber insulation) in residential construction and commercial and industrial construction will drop significantly in 2020.

It is expected that it will return to the level before the COVID-19 pandemic around 2022, and the demand for glass wool insulation materials in residential buildings and commercial and industrial building applications is expected to reach 3.2 MT and 1.2 MT respectively by 2026. The compound annual growth rate remained at 3.9%.

Due to the increase in construction activities and the growth of the industrial, HVAC, and electrical industries, the Asia-Pacific region is expected to achieve a strong annual growth rate of 5.3% from 2020 to 2026.

In particular, the demand for glass wool insulation in China and India is expected to grow the fastest. The overall market for glass wool or glass fiber insulation materials is expected to reach nearly 9 billion U.S. dollars in 2021.

Part A: Global Market Outlook

1. Introduction 1.1 Product overview 1.1.1 Subdivision of glass fiber products Glass wool (or glass fiber) insulation Types of glass wool insulation products 1.1.2 Glass wool insulation end-use applications Residential Construction Commercial and industrial buildings Industrial and HVAC applications Electrical appliances and other 1.1.3 Other competitive insulation materials

2. Main market trends 2.1 Global warming and green issues drive the demand for fiberglass insulation 2.2 Despite the uncertainty of COVID-19, the global construction industry is still on the road to recovery

4. Main business and product trends

5. Global market overview 5.1 Global glass fiber/glass wool insulation material market overview by end-use application 5.1.1 Global glass fiber/glass wool insulation material application market overview by geographic area Residential buildings Commercial and industrial buildings 5.1 .1.3 & HVAC Application Electrical Appliances & Others

Part B: Regional Market Perspective

For more information about this report, please visit https://www.researchandmarkets.com/r/gzo2cs

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