Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Blanket Insulation Market Size is Expected to Grow from USD 14.96 Billion in 2023 to USD 26.64 Billion by 2033, at a CAGR of 5.94% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Blanket Insulation Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Mineral Wool Insulation, Glass Wool Insulation, Polystyrene Foam Insulation, Polyurethane Foam Insulation, and Phenolic Foam Insulation), By Application (Residential Buildings, Commercial Buildings, and Industrial Buildings), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Blanket insulation is a type of thermal and acoustic insulation material. It is made of flexible rolls or batts, generally using materials such as fiberglass or mineral wool, to reduce the transfer of heat and minimize energy consumption in buildings and other industrial settings. Blanket insulation is used in most areas of walls, attics, ceilings, and floors for efficient thermal control and soundproofing. Blanket insulation is the most preferred type of insulation in the residential and commercial sectors because it is easy to install and is cost-effective. Furthermore, the growth of the blanket insulation market is driven by the increasing demand for energy-efficient solutions in response to rising energy costs and environmental concerns. Stringent building regulations aimed at improving energy efficiency are further fueling the adoption of insulation materials. Additionally, the growing construction industry, especially in emerging economies, and the rise in retrofitting projects are contributing to the demand for blanket insulation. The increasing awareness of sustainable building practices and the need for improved thermal comfort also play a significant role in market growth. However, despite its benefits, the blanket insulation market faces challenges such as the potential health hazards associated with some materials, like fiberglass, which may cause irritation or respiratory issues during installation.
The mineral wool insulation segment is predicted to hold the greatest market share through the forecast period.
Based on the product type, the blanket insulation market is classified into mineral wool insulation, glass wool insulation, polystyrene foam insulation, polyurethane foam insulation, and phenolic foam insulation. Among these, the mineral wool insulation segment is predicted to hold the greatest market share through the forecast period. This is mainly because it possesses excellent thermal and acoustic insulation properties, with its fire-resistant nature making it very suitable for a broad spectrum of applications in both residential and commercial construction. Mineral wool insulation, particularly rock wool and slag wool, is highly preferred because of its durability, sustainability, and resistance to extreme temperatures.
The residential buildings segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the blanket insulation market is divided into residential buildings, commercial buildings, and industrial buildings. Among these, the residential buildings segment is anticipated to hold the greatest market share during the. This growth is mainly driven by the rising demand for energy-efficient and sustainable building solutions in residential construction. Rising energy costs and a focus on environmental sustainability are increasing the interest of homeowners and builders in insulation materials that help reduce energy consumption and enhance thermal comfort.
Asia-Pacific is estimated to hold the largest blanket insulation market share over the forecast period.
Asia-Pacific is estimated to hold the largest blanket insulation market share over the forecast period. China and India are experiencing enormous growth in infrastructure with residential, commercial, and industrial developments. This increase in construction activities is driving the blanket insulation market as construction companies have begun to increasingly understand the value of energy efficiency and thermal comfort in a building. The use of blanket insulation materials, fiberglass, and mineral wool has been extensively seen in walls, roofs, and floors as it enhances energy performance and reduces the costs of heating and cooling.
North America is predicted to have the fastest CAGR growth in the blanket insulation market over the forecast period. Growing awareness among consumers and builders about sustainable building practices fuels the blanket insulation market in the region. Many now look for eco-friendly material options that help save energy throughout the lifecycle of the building. Blanket insulation made from recycled or natural materials is increasingly popular due to its alignment with sustainability. This move towards green building practices enhances energy efficiency and reduces environmental impact, thus attracting environmentally conscious consumers who prefer products that support sustainable living.
Competitive Analysis
Major key players in the blanket insulation market are Refmon, Apronor, Insul-fab, Armacell, Thermaxx jackets, Ravani ceramics, Hudson’s Bay company, Urbanara gmbh, American blanket company, Medline Industries Inc., Jarden Corporation, Pendleton woolen mills, and Chellco industries limited.
Key Target Audience
Market Segment
This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the blanket insulation market based on the below-mentioned segments:
Global Blanket Insulation Market, By Product Type
Global Blanket Insulation Market, By Application
Global Blanket Insulation Market, By Regional Analysis
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