Building insulation is an essential component in the modern construction industry. With growing technology and pollution, every country focuses on controlling energy consumption and carbon footprint. Bringing building insulation to the forefront is next. In 2022, the insulation market was valued at USD 32.82 billion. It might grow at a 3.56 percent CAGR.
Check these top ten companies that have entered the building insulation market and have changed it!
Key Players in the Building Insulation Market
Below are the top key players in the building insulation market.
- Kingspan Group PLC
Kingspan is a key player in the building insulation market. The company is known for producing smart, high-performing insulation. Kingspan Group serves the commercial and industrial sectors. It has poured all of its money into R&D to boost production.
- Knauf Gips KG
Knauf, known for its gypsum-based products, is quite popular in the building insulation market. It makes eco-friendly products that provide safe solutions and meet modern energy efficiency standards.
- Owens Corning
Owens Corning produces fibreglass insulation for buildings. It excels in thermal performance and provides production efficiency and sustainability.
- Rockwool
Rockwool is excellent at absorbing sound. Its insulating goods are made of stone wool. Rockwool aspires to lessen environmental impacts. Its goods cater to both residential and business customers.
- Saint Gobain SA
French-based multinational corporation Saint Gobain offers insulation solutions alongside building materials. The company’s USP is a product that improves interior comfort and energy efficiency. They provide innovations in insulation, glass wool, and foam board.
- BASF SE
One of Germany’s most prominent chemical companies is BASF. It manufactures insulation and other building materials. Using polyurethane and other improved materials, its products provide superior thermal performance. BASF has invested heavily in research and development to develop new solutions for construction sites.
- Dow Inc.
Dow is also one of the companies that has entered the building insulation market. It has contributed through its advanced materials, chemical products, and insulation solutions. They have successfully produced innovative concepts that provide excellent thermal management solutions.
- Johns Manville
Johns Manville, an umbrella business of Berkshire Hathaway, manufactures insulating foam and fibreglass. Like Rockwool, it provides high-performance solutions that guarantee efficiency and sustainability to commercial and residential institutions.
- GAF Materials Corporation
No other North American roofing producer compares to GAF Materials Corporation. It produces polyisio boards as its insulation materials. The company provides insulation products promoting integrated roofing and sustainability solutions.
- CNBM Group Co., Ltd.
CNBM, also known as China National Building Group, is one of the top ten companies in the building insulation market. It manufactures thermal products for the domestic and international markets and has huge manufacturing capabilities.
Conclusion
These ten companies have driven the growth of the insulation market and set a benchmark for sustainability practices. The industry considers them an example of improving product performance while lowering environmental effects.
Check Our Analysis on the Building Insulation Market: