Worldwide Construction Downturn Impacted Global Glass Wool/Fiberglass Demand, Expected to Recover and Reach 6 Million MTs by 2026 – Market Research Report (2020-2026) by Industry Experts, Inc
Tuesday 24 Aug 2021
Industry Experts, Inc. published an updated 2021 version of its comprehensive market report on Glass Wool/Fiberglass Insulation. This global market report entitled "Glass Wool or Fiberglass Insulation – A Global Market Overview" covers the detailed impact of COVID-19 pandemic on the Glass Wool/Fiberglass Insulation market and projections through 2026.
Downturn in the residential and commercial construction markets due to COVID-19 impact, global demand for Glass Wool insulation in Residential Construction and Commercial & Industrial Construction sectors has declined significantly in 2020 compared to that of in 2019. Expected to recover to pre-COVID-19 pandemic levels around 2022, Glass Wool insulation demand in Residential Construction and Commercial & Industrial Construction applications is project to reach 3.2 MTs and 1.2 MTs respectively by 2026, maintaining 2020-2026 volume CAGRs of 3.9% each.
Asia-Pacific region is expected to record a robust growth of 5.3% per year through 2020 to 2026, attributed to rising building construction activity and growth in industrial, HVAC and appliances sectors. Particularly, China and India are projected to record the fastest growths in glass wool insulation demand. The overall market for Glass Wool/Fiberglass Insulation is expected to touch nearly US$9 billion in 2021.
Glass Wool/Fiberglass Insulation application areas analyzed in this report include Residential Construction, Commercial & Industrial Construction, Industrial & HVAC Applications and Appliances & Other.
The study reviews, analyzes and projects the Glass Wool/Fiberglass Insulation market for global and the regional markets including the North America, Europe, Asia and Rest of World for the period 2017-2026 in terms of volume (metric tons) as well as value (US$ million). These major regions further analyzed for individual markets in North America – the United States and Canada; Europe – Germany, France, Italy, Spain and the United Kingdom; Asia – China, Japan, India and South Korea; Rest of World – Brazil, Russia and Turkey.
The study includes 149 charts (includes a data table and graphical representation for each chart), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region, Product Segment and application area. This report profiles 7 key global players and 39 major players across the North America – 9; Europe – 9; Asia-Pacific – 14; and Rest of World - 7. The report also provides the listing of the companies engaged in the manufacturing and supply of fiberglass or glass wool insulation. The global list of companies covers addresses, contact numbers and the website addresses of 87 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused business information provider.
For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/glass-wool-or-fiberglass-insulation-a-global-market-overview