Belgium Insulation Market is expected to reach 114,285,009.39 cubic meters by 2019 in the forecast period of 2015 to 2019. The years considered for study are as mentioned below.
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The insulation market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will see a prominent growth in the coming years due to the growing demand of insulation materials in building and construction applications.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, in August 2018, Armacell acquired Guarto SRL, who is an Italian manufacturer of acoustic insulation solutions. It will help the company to strengthen their leadership in the fast growing acoustic insulation industry. It will also help the company to expand its product portfolio.
Kingspan Group dominated the insulation market. The other key players existing in the market includes Unilin and Bridgestone Corporation and The SOPREMA, BASF SE, The Dow Chemical Company, Covestro AG, Huntsman International LLC, Owens Corning, Saint-Gobain, Armacell, Johns Manville, Lapolla Industries, Inc., and ICYNENE.
Kingspan Group:
Kingspan Group headquartered in Kings Court, Ireland was founded in 1965. The company is engaged in the manufacturing high performance insulation materials. The company operates through five business segments which include Insulated Panels, Insulation Boards, Light & Air, Water & Energy and Data & Flooring. The market focused segment is Insulated Panels and Insulation Boards.
- In June 2018, Kingspan Group introduced QuadCore insulation panel products at AIA Conference which was held in New York, North America. It can be used as a hybrid insulation core with a closed microcell structure. It will help the company to increase its product portfolio and meet the increasing demand of insulation in North America.
It has its global networks in North America, South America, Europe, Asia-Pacific, Middle East & Africa. It operates through its subsidiaries such as Kingspan Access Floors Ltd (United Kingdom), CPI Daylighting Inc. (United States), RCM Group Limited (United Kingdom), Kingspan B.V. (Netherlands), Kingspan Environmental Ltd. (United Kingdom), Kingspan Tarec Industrial Insulation Limited (United Kingdom), Kingspan Limited (Ireland) among others.
Unilin:
SCG headquartered in Wielsbeke, Belgium was founded in 1960. The company is engaged in The company is engaged in producing laminate floors, vinyl floors and wood floors, chipboards and MDF, decorative panels, insulation boards and roof panels. The company has three operating divisions namely, UNILIN, division flooring, UNILIN, division panels and UNILIN, division insulation and the market focused segment is UNILIN, division insulation. It has its global networks in Belgium.
- In December 2015, UNILIN acquired Xtratherm who is a manufacturer of Irish insulation boards. It will help the company to increase its business and grow as a player in the insulation market.
Bridgestone Corporation
Bridgestone Corporation headquartered in Tokyo, Japan was founded in 1931. The company is engaged in manufacturing industrial rubber products, building materials, commercial roofing solutions and others. It operates through two major strategic business units which include Tires and Diversified products and the market focused segment is Diversified products.
- In May 2019, Firestone Building Products Company a subsidiary of Bridgestone Corporation started a new plant in Germany which will give insulation products in Europe and will help the company to meet the growing demand of roofing solutions in a global market.
The company has wide geographical presence in North America, South America, Central America, Europe, Middle East & Africa, Asia and Oceania. It operates through its subsidiaries such as Firestone Tire and Rubber Company (U.S.), Bridgestone Cycle Co., Ltd. (U.S.), Bridgestone Americas, Inc.(U.S.), Thai Bridgestone Company Limited (Thailand), Bridgestone India Private Limited (India) and Others.
