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The US Insulation Market: Analysis By Material Type Size and Trends with Impact of COVID-19 and Forecast up to 2028

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New York, May 16, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “The US Insulation Market: Analysis By Material Type Size and Trends with Impact of COVID-19 and Forecast up to 2028” – https://www.reportlinker.com/p06457198/?utm_source=GNW
Insulation provides benefits, which include lower energy costs, decreased greenhouse gas emissions, improved indoor comfort, reduced noise pollution, and increased safety.

The focus on energy conservation and sustainability in recent years has boosted demand for insulation materials in the US market. Building codes and regulations mandating higher levels of insulation in new construction projects have further contributed to the growth of the insulation market. The use of insulation in the residential, commercial, and industrial sectors is essential for creating more sustainable, cost-effective solutions while enhancing comfort and promoting safety. The US insulation market is projected to grow at a CAGR of 4.56% during the forecast period of 2023-2028.

Market Segmentation Analysis:

By Material Type: The market report has segmented the US insulation market into four segments namely, foam, glass-wool, stone-wool, and others. In 2022, the foam segment dominates the market share as the foam insulation is propelled by heightened cognizance of energy-conservation measures. This substance offers superior insulating traits, contributing to elevated energy preservation and augmented living conditions. Consequently, the foam insulation sector thrives, dominating other insulation materials in the market, as individuals and businesses increasingly recognize its benefits in promoting eco-friendly, cost-effective, and comfortable living spaces.

By End Market: Based on the end market, the US insulation market can be segmented into three segments: residential, commercial, and industrial. The residential insulation sector commands the largest market share in 2022 and is projected to be the fastest expanding segment, owing to heightened energy efficiency awareness. Improved insulation attributes yield greater energy conservation and enhanced comfort, bolstering US residential insulation demand. Factors such as increased consciousness of climate change, government initiatives like ENERGY STAR, and accessible insulation materials and technologies fuel this growth. The aging housing stock further drives market expansion from 2023-2028, as homeowners invest in retrofitting, boosting efficiency and reducing costs and emissions.

By Building Type: The US insulation market can be divided into three segments based on building type: Renovation, and New Build. The Renovation segment of the US insulation market is expected to be the fastest-growing due to heightened energy efficiency awareness, and aging property stock. Renovation insulation, entailing insulation upgrades during refurbishment, bolsters energy efficiency, thermal comfort, and acoustic performance. Consequently, energy consumption and expenses decline. This thriving sector reflects a rising trend in retrofitting and modernizing older buildings to improve their overall performance, comfort, and cost-effectiveness in response to market demands and sustainability concerns.

The US Insulation Market Dynamics:

Growth Drivers: The increase in construction activities in the US has driven the insulation market, as more buildings require energy-efficient insulation materials. This growth can be attributed to population growth, urbanization, economic development, and infrastructure expansion. The demand for insulation in residential, commercial, and industrial buildings has risen to meet energy regulations and sustainability goals. The growth in construction spending has directly impacted the demand for insulation materials in the US. Further, the market is expected to grow owing to rapid urbanization, rapid change in climate, surge in renovation activities of old buildings, growing awareness of energy conservation, etc. in recent years.

Challenges: Raw material price volatility poses a significant challenge for the US insulation market, as fluctuations in raw material prices can lead to higher production costs and affect profitability for insulation manufacturers. Managing this volatility is crucial for maintaining stable production costs and sustaining growth in the industry. Additionally, other factors like regulatory and environmental concerns, etc. are other challenges to the market.

Market Trends: The growing inclination towards the adoption of smart and energy-efficient building concepts in the US is a trend that is expected to drive growth in the insulation market. This trend reflects the increasing awareness of the importance of sustainability, energy conservation, and occupant comfort in the built environment. The pursuit of green building certifications, such as LEED and ENERGY STAR, emphasizes the use of cutting-edge insulation materials to achieve rigorous energy efficiency standards. This trend stimulates innovation in insulation products and presents opportunities for insulation manufacturers to address the changing requirements of smart and energy-efficient building projects. More trends in the market are believed to grow the insulation market during the forecasted period, which may include increasing penetration of artificial intelligence and machine learning, emerging industrial robotics, adoption of renewable energy, rising demand for temperature-sensitive products, advancement in transportation sector, etc.

Impact Analysis of COVID-19 and Way Forward:

The COVID-19 pandemic has had a negative impact on the US insulation market, resulting project delays, labor shortages, and supply chain disruptions, with a shift towards home renovation projects and a preference for more cost-effective insulation options, prompting insulation businesses to adjust their products and sales methods. The post-COVID impact on the US insulation market is expected to result in a shift towards sustainable and energy-efficient materials, increased demand in the residential sector, continued adoption of digital technologies, and potential supply chain challenges.

Competitive Landscape and Recent Developments:

The US insulation market is competitive with a mix of global and local players. The market is moderately fragmented, allowing room for small to medium-sized businesses to succeed. Companies compete on product quality, performance, price, innovation, and customer service. Compliance with regional building codes and energy-efficiency criteria is critical, and investment in R&D is crucial for developing new insulation materials. Companies use various distribution methods, including direct sales, distributors, retailers, and e-commerce platforms, to gain a competitive advantage. The industry has seen several mergers and acquisitions (M&A) in recent years, as companies strive to expand their market presence and diversify their product portfolios.

Further, key players in the US insulation market are:

Owens Corning
Compagnie de Saint-Gobain S.A.
Rockwool International A/S
Huntsman Corporation
Dow Inc.
BASF SE
Kingspan Group PLC
Armacell International S.A.
Covestro AG
Berkshire Hathaway (Johns Manville)
Carlisle Companies Incorporated
Knauf Group (Knauf Insulation)
GAF Materials Corporation
Hood Companies, Inc.(Atlas Roofing Corporation)

The US insulation market, distinguished by a combination of international and domestic participants, presents a moderately fragmented environment ripe with opportunities for small to medium-sized businesses. Companies vie for dominance based on quality, performance, price, innovation, and customer service, all while complying with regional building codes and energy-efficiency requirements. Key strategies for success include investing in research and development and leveraging a variety of distribution channels, such as direct sales and e-commerce platforms. In recent times, the industry has seen a surge in mergers and acquisitions, as businesses aim to broaden their market presence and diversify their product offerings. These strategic moves not only foster growth but also strengthen competitive positioning within the sector. For instance, on August 1, 2022, Holcim announced its acquisition of SES Foam, a US-based spray foam producer projected to generate sales revenues of US$200 million in 2022. This acquisition bolsters Holcim’s portfolio of sustainable building solutions and enhances the company’s focus on energy efficiency. SES Foam is well-regarded for its value-added services provided to contractors, encompassing technical instruction and business consulting. Such moves exemplify the ongoing evolution and competitiveness of the US insulation market, driving progress and innovation in the industry.
Read the full report: https://www.reportlinker.com/p06457198/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Confluence former executive joins fintech Premialab

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James Carrington, a former executive at Confluence, Investment Metrics, Style Analytics has joined fintech Premialab. He brings extensive client engagement expertise in investment analytics and data for the institutional investment community.
LONDON, Feb. 27, 2024 /PRNewswire/ — Premialab, the financial data and analytics firm, announced today the appointment of James Carrington as Head of Client Engagement. Mr. Carrington, based in London, will spearhead global client engagement, leveraging over 10 years of experience in driving client engagement gained at Investment Metrics, Style Analytics, and most recently at Confluence, part of the Clearlake Capital Group portfolio. His primary focus will be on enabling faster tailor-made investment analytics delivery and data integration for Premialab’s pension funds, foundations, endowments, and insurance clients.

Adrien Geliot, Co-Founder & Chief Executive Officer of Premialab, said, “I am delighted to welcome James to the team. His appointment confirms our commitment to delivering first-class service to our customers across global locations. His experience in maximizing the value derived from investment analytics will be invaluable in serving our clients as we continue scaling our activities worldwide.”
Commenting on his appointment, James Carrington said, “I am delighted to have joined the Premialab team. Their innovative solution makes a real difference to institutional investors looking at quant investments. The evolution of Premialab over the last number of years has been something that I have followed closely, and I am looking forward to working with the team to further support our customer base across our established and emerging demographics.”
The announcement follows recent senior appointments at Premialab, including Philippe Jacson, former BNP Paribas, Merrill Lynch and MSCI executive; Daniel Fields, former Global Head of Markets at Societe Generale; John Macpherson, former Managing Director at Goldman Sachs, Citibank, and Nomura; Marc Fisher, former Managing Director at Citibank with a prior position at Deutsche Bank; and Georgios Sittas, former Managing Director at HSBC, Standard Chartered, and previously a director at Lehman Brothers.
Recognized as the reference for data and risk analytics on quantitative strategies, Premialab’s capital markets infrastructure is currently used by leading asset managers, insurance companies and pensions funds, accelerating their digitalization and enhancing performance and risk control while reducing costs. The platform’s client AUM is representing an estimated USD$10 trillion.
About Premialab
Premialab is an independent platform providing data, analytics and risk solutions on systematic and factor-based strategies in collaboration with leading investment banks and institutional investors globally. Combining intelligent technology with a unique source of information the platform empowers asset allocators to make better investment decisions whilst achieving utmost time and cost efficiency.
With offices in London, Paris, New York, Hong Kong, Sydney, and Dubai, its international team is dedicated to supporting a global client base with the most up-to-date risk premia dataset, advanced portfolio construction, performance and risk analytics. The firm has established strong partnerships with the top 18 investments banks, global asset managers, pensions funds and insurance companies.

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Axon Technologies and Keyrus Announce Strategic Partnership to Elevate Cybersecurity Business

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Keyrus Acquires Minority Stake in Axon Technologies, adding Axon’s Cybersecurity Portfolio to Keyrus Solutions, and Expanding Keyrus Reach across Middle East and Africa
PARIS and DUBAI, UAE, Feb. 27, 2024 /PRNewswire/ — In a significant development in the cybersecurity sector, Keyrus, an international leader in data intelligence and digital transformation, has announced the acquisition of a minority stake in Axon Technologies, a premier provider of cybersecurity services based in Dubai, UAE. This strategic investment marks a major milestone in Keyrus’ cybersecurity strategy, signalling an ambitious step towards establishing a global cybersecurity powerhouse.

Strategic Expansion and Enhanced Cybersecurity Solutions
The collaboration between Keyrus and Axon Technologies is set to revolutionize the cybersecurity landscape in the Middle East and Africa, particularly with Keyrus’ entry into the lucrative Saudi Arabian market. This move enables Keyrus to pursue its investment in a newly formed cybersecurity business, offering enhanced data security solutions to both existing and new clients.
Eric Cohen, Founder and CEO of Keyrus, expressed his enthusiasm: “This investment in Axon Technologies marks a significant step in our cybersecurity strategy. We’re embarking on an exciting journey to amplify our cybersecurity capabilities and establish a world-class global player in this domain. Axon Technologies’ innovative approach to consulting and managed services aligns perfectly with our vision and culture. We eagerly anticipate integrating Axon into our ecosystem to bolster our cybersecurity solutions and address the digital security challenges of our clients.”
Hadi Hosn, CEO of Axon Technologies, also shared his thoughts: “This partnership marks a new era for Axon Technologies, propelling us further in our mission to protect organizations from cyber threats. We admire the Keyrus vision and believe that our combined strengths will lead to disruptive data and cybersecurity solutions, addressing critical challenges in digital identity, application security, API, and data security across various environments and industries.”
Hadi Darwiche, Chairman of DIV Capital & Co-founder of Axon Technologies: “It’s gratifying to see Axon Technologies grow from a concept into a key player in the cybersecurity field. With Keyrus joining forces with us, we anticipate a period of sustained growth, leveraging our combined experience and established reputations. We are confident that together, Axon Technologies will continue to extend its market presence and deliver top-tier solutions.”
Comprehensive Cybersecurity Portfolio and Global Reach
In a relatively short period, Axon Technologies, founded in 2020, has emerged as a beacon of excellence and innovation in the cybersecurity field, demonstrating remarkable growth and agility in its operations. With a revenue of $3.2 million USD in 2023 and a projected substantial increase of the activities, it represents a testament to its robust business model, exceptional service delivery, and the trust clients place in Axon Technologies. The team made of 30 dedicated professionals is its most valuable asset. Axon Technologies commits to growing its team, fostering a culture of innovation, collaboration, and continuous learning.
Axon Technologies, renowned for its expertise in cybersecurity, will now be able to leverage Keyrus global presence and capabilities. With headquarters in Dubai and a significant footprint in the Middle East, Europe and Africa, Axon Technologies is well-positioned to monitor threats and support client cybersecurity programs across these regions effectively. With the backing of Keyrus’s global network, Axon Technologies is poised for unprecedented growth and are dedicated to setting new standards in the cybersecurity landscape.
The partnership is also expected to enhance the offerings of both companies. Axon Technologies’ expertise in Data Security, Cloud Security, DevSecOps and Managed Security Services aligns seamlessly with the Keyrus strategic objectives in digital, data, AI and cloud transformation initiatives.
About Axon Technologies
Axon Technologies offers comprehensive cybersecurity services including consulting, managed security services, engineering, and testing. The company is a leader in addressing critical infrastructure customers’ cybersecurity needs, from strategic consulting to hands-on management and technical security engineering support and managed security services, ensuring a robust and comprehensive approach to cybersecurity. The company’s service portfolio includes:
Technical Security Consulting & Advisory: Guidance and expertise for technical cybersecurity programs.Advanced Security Testing: Rigorous cybersecurity testing across the environment to identify and address vulnerabilities.Security Engineering & Architecture: Designing and implementing robust security architectures across on-premises and cloud environments.Managed Security Services: Ongoing management and support of cybersecurity operations. About Keyrus
Keyrus, an international player in the consulting and technology sectors and a specialist in data and digital technology, is dedicated to helping enterprises take advantage of the data and digital paradigm to enhance their performance, facilitate and accelerate their transformation, and generate new drivers of growth and competitiveness.
Placing innovation at the heart of its strategy, Keyrus develops a value proposition that is unique in the market and centred around five major service groups, each comprised of multiple solutions:
Automation and Artificial IntelligenceHuman-Centric Digital ExperienceData and Analytics enablementCloud and SecurityBusiness transformation and InnovationBuilding on the combined expertise of more than 3,500 employees active across 27 countries and 4 continents, Keyrus is one of the leading international experts in data, consulting and technology.
Keyrus is listed on Euronext Growth Paris. (ALKEY – ISIN Code: FR0004029411 – Reuters: KEYR.PA – Bloomberg: ALKEY: FP).
About DIV Capital
DIV Capital, originally starting as a family office, now operating as a strategic investment holding firm, specializing in bespoke advisory services. The firm focuses on fortifying family capital through comprehensive offerings that encompass support for early-stage enterprises, strategic asset allocation, and robust governance infrastructure development. The firm operates out of Geneva and Dubai and provides three core services:
Family Asset Support: Tailored support to construct an asset allocation that meets wealth goals.Family Financial Sponsorship: Reinforcement for family-operated businesses, aimed at fostering enduring value creation.Governance and Reporting: Consultation on governance frameworks and the enhancement of reporting standards for comprehensive asset oversight.Forward Looking Statements
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Axon Technologies, Keyrus or DIV Capital do not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will the companies and the affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
Contact: [email protected]
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NDC Group and Valantic form a strategic partnership in EPM solutions

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PRAGUE, Feb. 27, 2024 /PRNewswire/ — NDC Group, a leading company in enterprise performance management (EPM) consultancy and data analytics is pleased to announce a strategic partnership with valantic, renowned digital solutions, consulting, and tech innovation company. Through this partnership, the companies aim to offer a joint portfolio of solutions and services in SAP planning and analytics.

Central to this collaboration is the delivery of NDC Financial Consolidation, which offers an automated and streamlined approach to legal and managerial consolidation. While the solution draws inspiration from the concept and functions of previously popular SAP consolidation solutions, it utilizes the modern technologies to enhance automation, performance, user experience, and seamless data integration.
The partnership also gives the chance to offer additional products, including SAC workforce planning content, SAP BusinessObjects migration accelerators, and pre-built content for SAC financial planning. Overall, the combined expertise and product offering enhance the ability of both companies to support customers in driving data-driven transformations within their organizations.
Stefan Blinkmann, Head of SAP Analytics at valantic, emphasizes: “We are very pleased about our new partnership, and we are convinced that our customers will benefit greatly from it. Above all, the NDC Group’s products create added value in the area of consolidation based on SAP Analytics Cloud, and they expand valantic’s range of services. An integrated solution for reporting, planning, and consolidation in SAP Analytics Cloud provides multiple benefits for our customers and enables them to streamline their system landscape.”
Karel Jirik, Head of Products at NDC Group, is also convinced of the benefits of this collaboration: “Our partnership with valantic is an excellent opportunity to leverage the synergies between our teams to streamline and transform our customers’ data landscape. The jointly offered EPM solutions enable precise and swift decision-making and enhance operational efficiency, crucial elements in today’s competitive landscape. I’m particularly pleased we found a lot of commonalities with valantic, and I am convinced together we can deliver better solutions in a shorter time.”
Vladislav Stefanak, CEO of NDC Group, reflects on the partnership’s potential: “This partnership embodies my vision of equipping our clients with advanced functionalities reminiscent of those found in SAP BPC and SAP Financial Consolidation, yet significantly enhanced by leveraging top-tier SAP technologies. Our collaboration with valantic commenced with remarkable synergy from the outset, underpinned by their extensive expertise and knowledge base.”
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