The global Glass Insulation Market has been growing at a moderate pace over the past five years owing to the increase in demand from the non-residential construction and residential construction segments. Currently, the global glass insulation market is dominated by various key players, such as Owens Corning (U.S.), Nippon Sheet Glass Co. Ltd. (Japan), Johns Manville (U.S.), Knauf Insulation (U.S.), PPG Industries, Inc. (U.S.), Certain Teed Corporation (U.S.), Pittsburgh Corning Corporation (U.S.), Arabian Fiberglass Insulation Co., Ltd. (Saudi Arabia), Saint-Gobain ISOVER (U.S.), and Glassolutions Saint-Gobain (U.K.).
For instance, Owens Corning introduced a pipe insulation product, ASJ Max FIBERGLAS, for use in concealed, hot & cold, and exposed piping in industrial and commercial applications. This product would help the company provide contractors and mechanical engineers with high performance insulation under tough environments in the piping application. Owens Corning also introduced EcoTouch PINK FIBERGLAS insulation product range with PureFiber Technology. This range includes high-performance, formaldehyde-free products used in residential and commercial insulation. This an environment-friendly product range that uses natural ingredients with over 70% of its content being recycled. Johns Manville launched JM Spider Plus blow-in fiberglass insulation product for residential and commercial applications. It is a cost-effective and time-effective product in projects that have demanding requirements. It also improved the company’s blow-in glass fiber product portfolio.
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Non-residential construction application held the largest share of the global glass insulation market
The non-residential construction application of the glass insulation market is expected to witness significant growth in coming years. Insulation helps these non-residential buildings in reducing heating & cooling loads, managing indoor climate temperature, reducing noise pollution, and hence creating a more environmentally sustainable building. Growth in this segment has been fueled by changes in building codes for increased energy efficiency.
The Asia-Pacific region was the largest market for glass insulation in 2015
The Asia-Pacific region was the largest market for glass insulation in 2015, owing to the increasing demand for glass insulation products in developing economies, such as India and China. China is the leading consumer of glass insulation products in the Asia-Pacific region.
Companies in this region are investing in developing cost-competitive glass insulation products. The extensive growth and innovation, along with industry consolidations, is expected to drive the growth of the Asia-Pacific glass insulation market.
Expansion was another popular development strategy adopted by companies. Knauf Insulation expanded its glass wool manufacturing site in Vise, Belgium, making it the company’s largest glass wool unit in Europe. It also opened its second plant in Russia, Tyumen. The new plant has a capacity to produce 3.5 million cubic meters of glass wool insulation products. Certain Teed Corporation expanded its manufacturing facility in Kansas City, which produces fiberglass insulation products.
Acquisitions were also made by major players in the global glass insulation market to leverage their technologies, products, and production facilities of the companies that were acquired. Knauf Insulation acquired Guardian Insulation, thus gaining access to the assets of its subsidiary, Guardian Fiberglass. Guardian Fiberglass is an important supplier of insulation products for the residential construction application. This improved the position of the company, especially in the North American market.
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