The thermal insulation market is expected to grow from $53.39 billion in 2022 to $72.9 billion by 2028; it is expected to grow at a CAGR of 5.3 percent from 2022 to 2028.
The global building thermal insulation market will grow to $35.3 billion by 2027, a CAGR of 4.7 percent from $8 billion in 2022. The use of building thermal insulation has witnessed significant growth because of the increasing requirement for improved heating and cooling comfort and better fire resistance of building thermal insulation materials, such as glass wool, stone wool and plastic foams.
In keeping with changing code requirements in colder climates and its commitment to sustainable construction, CertainTeed has expanded its InsulPure Fiberglass Duct Wrap to include an R-12 offering. Available both in a 48-inch and 60-inch-wide wrap to accommodate larger duct sizes, InsulPure provides a better installation experience by accommodating larger duct sizes and reducing material waste, all while offering a cleaner aesthetic once installed.
A coalition of trade associations, including the North American Insulation Manufacturers Association, the Insulation Contractors Association of America, the National Insulation Association, the American Chemistry Council (Plastics Division) and the Polyisocyanurate Insulation Manufacturers Association, commission study that quantifies the benefits of completing insulation retrofit projects across residential, commercial and industrial buildings and underlines the potential impact forward-thinking policies can have on decarbonizing the built environment
A newly released study by ICF, an international consulting firm with expertise in the energy and energy efficiency sectors (and not to be confused with insulated concrete forms), shows that upgrading building envelope insulation leads to substantial energy savings and carbon emission reductions.