- In September 2024, Armacell inaugurated a new aerogel insulation manufacturing facility in India. This plant aims to enhance the company's production capabilities for next-generation aerogel products, catering to the growing demand for high-performance insulation solutions in the construction and industrial sectors
- In November 2023, Kingspan Group introduced Hemkor, its first bio-based flexible insulation product. Hemkor is designed to deliver high-performance insulation while utilizing renewable resources, aligning with the industry's shift towards sustainable building materials
- In 2023, Etex acquired Skamol, a Danish insulation specialist. This strategic move aims to strengthen Etex's portfolio in high-temperature insulation solutions and expand its presence in the flexible insulation market
- As of March 2024, the global flexible insulation market was valued at approximately USD 10.0 billion and is projected to reach USD 17.2 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.6%. This growth is driven by increasing emphasis on energy efficiency and sustainability in construction
Frequently Asked Questions
Asia-Pacific is the fastest growing region in the flexible insulation market due to rapid urbanization, industrial expansion, energy-efficiency regulations, and increasing demand for sustainable construction and HVAC insulation solutions.
Growing focus on sustainable and energy-efficient solutions, is emerging as a pivotal trend driving the global flexible insulation market.
The major factors driving the growth of the flexible insulation market is rising demand for energy efficiency across industries.
