The wool insulation market is projected to exceed $4.47 billion by 2032
From GlobeNewswire: 2025-01-23 06:30:00
The wool insulation market is projected to reach USD 4.47 billion by 2032, driven by the increasing awareness of natural materials in construction. Wool insulation’s ability to regulate humidity and improve indoor air quality is appealing to health-conscious consumers, especially in markets prioritizing wellness and indoor environmental quality.
Mineral wool insulation, including glass wool and rock wool, accounted for USD 2.28 billion in 2023 and is expected to grow at a CAGR of 4.6% from 2024 to 2032. Its exceptional thermal performance makes it a preferred choice for both residential and commercial construction projects, aligning with the rising demand for energy-efficient building solutions.
The residential sector dominated the wool insulation market in 2023, with a 57% share, and is forecasted to grow at a CAGR of 4.7% from 2024 to 2032. Wool insulation’s natural moisture control properties make it ideal for homeowners seeking comfort and health benefits, driving demand for retrofitting older homes to improve insulation.
In the U.S., the wool insulation market generated USD 635 million in 2023 and is expected to grow at a CAGR of 4.6% from 2024 to 2032. The market’s growth is fueled by the hypoallergenic and moisture-regulating properties of wool insulation, aligning with the increasing focus on health-conscious construction and home renovations.
Global Market Insights Inc. is a Delaware-based global market research and consulting service provider offering syndicated and custom research reports. Their reports provide clients with actionable market data for key industries such as chemicals, technology, renewable energy, and biotechnology, aiding strategic decision-making in the market.
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