Flexible Insulation Market Insights By Growth, Research Methodology, Emerging Trends

The market for flexible insulation is expected to register a CAGR of over 5%, globally, during the forecast period. The major factors driving the market studied are the growing need for energy-efficient buildings. On the flip side, lack of awareness among consumers and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

– The fiberglass insulation material segment is expected to dominate the global flexible insulation market over the forecast period.
– The European region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries, such as France, Germany, and Italy.

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Key Market Trends

Rising Demand for Fiberglass Insulation

– Fiberglass insulation holds the largest share in the material segment. The market for fiberglass insulation is projected to witness significant growth on account of rising usage in wide applications due to its lightweight, non-combustible, high tear strength and corrosion-resistant nature.

– Fiberglass finds its usage in several applications like thermal insulation for pipework in HVAC industries, flexible air ducts, residential and commercial refrigerators & freezers, jet-engine ducting, aircraft component, and commercial construction.
– Additionally, fiberglass insulation offers superior design flexibility. Greater amounts can be installed in some sections of a building to increase overall thermal performance and compensate for areas with lower thermal values, such as windows and doors.
– It enables a wide range of R-Values, giving the specifier more options for meeting provincial and national energy code requirements.
– Owing to the above mentioned factors, the demand for fiberglass insulation is expected to further grow over the forecast period.

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Christophe Rude

Christophe Rude

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