DETROIT, MI – May 12, 2025 – Stratoview Research predicts the insulation market will grow at a compound annual growth rate of 3.3% from 2023 to 2028, reaching an estimated US$83.2 billion in 2028. This growth is driven by increased construction activity, an increase in industrial projects, and an increased focus on energy efficiency and comfort in residential and commercial spaces.

Market segmentation:

• By material type:

Plastic foams: is expected to continue to be the largest segment owing to its high insulation properties, low water absorption, mildew resistance, versatility, low thermal conductivity, long life, fire resistance and ease of installation.

Fiberglass: It is expected to be the fastest growing material type due to its effectiveness, durability, environmental friendliness, energy efficiency, ease of application, and low cost.

• By end use industry:

o Construction: The largest end-use segment, driven by increasing urbanization and the need for energy-efficient buildings.

o Industry: Growth is driven by the expansion of manufacturing and processing industries that require insulation materials.

o Transportation: Growing demand in the automotive, marine and aerospace sectors for improved energy efficiency and passenger comfort.

Regional insights:

• Asia Pacific: is expected to hold the largest market share until 2028, driven by rapid industrialization, urban development, and rising oil production in countries such as China and India.

• Europe: This is expected to be the fastest growing region due to strict energy efficiency regulations and the presence of major insulation manufacturers.

Key players:

Stratview Research has identified the following as the key players in the global insulation materials market:

• Owens Corning

• Saint-Gobain

• Rockwool International

• Knauf Insulation

• BASF SE

• Kingspan Group

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Recent developments:

• In April 2023, Saint-Gobain acquired Twiga Fiberglass Ltd., a leading fiberglass insulation manufacturer based in India (Uttar Pradesh), for an enterprise value of approximately US$51 million.

• In August 2022, Owens Corning acquired Natural Polymers, LLC, a manufacturer of spray foam insulation for building and construction applications, for approximately $111 million (net of cash acquired).

• In June 2022, Xella Group sold its insulation business URSA to ETEX. URSA is a leading European company in the fields of extruded polystyrene (XPS) and glass wool.

• In March 2021, Recticel acquired FoamPartner, a Switzerland-based global provider of high-value technical foams. Recticel Flexible Foam and FoamPartner merged to create the Recticel Engineered Foam business line.

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According to Stratview Research, a global market research firm, the global lignin market is expected to reach USD 810 million by 2026, growing at a compound annual growth rate (CAGR) of 3.1%. The report provides a detailed regional and global market outlook, emerging trends, segmental analysis, competitive landscape, and key market drivers.

The report can be used as a comprehensive decision-making tool for key stakeholders such as CXOs, business strategists and investors to:

• Strategic Clarity: Provides insight into market trends, growth opportunities and emerging challenges to help shape your business strategy

• Competitive Intelligence: Analysis of key players' market positions and innovative strategies that will lead to their success.

• Future-ready: Provides a detailed view of evolving market trends, technological innovations and industry changes

Key highlights of the report:

• Market size in 2026: US$810 million

• 成長率（CAGR）：3.1%（2021年～2026年）

• Forecast period: 2021-2026

• Trend period: 2015-2019

• 基準年：2020年

• Number of target segments: 3

• Number of tables and graphs: 100 or more

Segment Insights:

The report thoroughly analyzes each segment of the Lignin market to help stakeholders understand key performance indicators and opportunities in each segment.

• By product type: Lignosulfonates are expected to remain the dominant product type in the market during the forecast period, owing to their various industrial applications such as concrete admixtures, dust control agents, animal feed binders, pesticides, and fertilizer production.

• By end-user industry: The construction industry is expected to account for over 35% of the market revenue share and remain the largest segment during the forecast period, owing to the continuous growth in construction activities across the globe, along with the increasing demand for lignin as a concrete additive.

Regional outlook:

"Europe was the largest market with a revenue share of over 35% during the forecast period."

• Europe has many lignin producing companies such as Domsjo Fabriker, Stora Enso, and Borregaard, which is the main factor for market dominance in the region.

Asia Pacific and North America are also expected to offer significant growth opportunities over the next five years, driven by a recovery in the construction industry and an expected economic recovery.

Market Growth Factors:

The growth of the lignin market is driven by a combination of macroeconomic factors, evolving industry needs, and technological innovation. Companies are realizing the need to adapt to market changes, leading to increased investments in R&D and strategic alliances.

Below are the main factors influencing market trends:

• Lower crude oil prices and reduced construction activity have led to increased use of petroleum-based alternatives, reducing demand for lignin in the construction industry

Surge in investments towards advancement of low-cost coal-based carbon fiber is driving market growth

• Growing demand for lignin in animal feed and natural products is driving growth

• Increasing investment in infrastructure development is driving demand for concrete admixtures, adhesives, binders, etc., resulting in market growth

主要企業：

The report profiles the key players in the Lignin market and provides detailed insights into their market position, strategies, and competitive advantages.

• Domtar Corporation

• Domsjo Fabriker (part of the Aditya Birla Group)

• Ingenuity

• Sappi Limited

• Stora Enso

• The Borregaard Group

Request a free sample report here:

https://stratviewresearch.com/Request-Sample/1510/lignin-and-lignin-based-products-market.html#form

The report also answers the following key questions:

• What is the future size and growth potential of the market?

• Which regions and segments are most attractive for investment?

• What are the key market players and their strategies?

• What are the challenges and opportunities in the market?

• What are the key trends shaping the future of the market?

Company Profile:

Stratview Research is a global market research company specializing in the aerospace and defense, chemicals, and other sectors. It publishes a limited number of reports per year in these specialized fields. The detailed analysis and accurate forecasts in these reports enable readers to make sound business decisions.

To help companies achieve their global and regional growth objectives, Stratview Research offers customized research services including market assessment, due diligence, opportunity screening, voice of customer analysis and market entry strategies.

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