Fiberglass/glass wool insulation market
registered over 6 billion square feet sale in 2017. It is widely used in
attics, critical opening spaces, and wall cavities. key features such as better
elasticity, soundproofing, lightweight, non-combustible, and exceptional
performance at both high & low temperatures likely to propel product
demand. Strong application scope for improving the energy consumption of the
buildings, offering a comfortable environment and reducing the fuel utilization
will positively influence the product penetration over the forecast timeframe.
Plastic foam will witness growth over
3.5% up to 2024. EPS offers high performing padding used in the external wall
system. The product offers enhanced U-values and minimizes the risk of water
penetration and condensation. Availability of the product in various thickness
ranging from 20mm to 100mm depending upon the building specification and
customer requirement will positively drive the product penetration.