The
global market for insulation was valued at USD 32.46 billion in 2011
and is expected to reach USD 56.68 billion by 2018 growing at a CAGR
of 8.3% from 2012 to 2018. The U.S. market for insulation was valued
at USD 6.05 billion in 2011 and is expected to reach USD 10.36
billion by 2018, growing at a CAGR of 8% from 2012 to 2018.
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the full report at Global and U.S. Insulation Market -
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 –
2018
The
demand for insulation is expected to be driven by the growth of
construction industry in developing countries of Asia Pacific and the
growth of re-insulation market in the developed economies of the U.S.
and Europe. Increasing awareness about the depleting earthly
resources and the urgent need to conserve energy, has manifested into
amplified demand for insulation in homes and offices.
Fiberglass
is the most widely used insulation material worldwide and accounted
for more than 43% of the global insulation market in 2011 and
approximately 48.3% of the total U.S. market for the same year.
Fiberglass is also the fastest growing insulation material and is
expected to grow at a CAGR of 8.9% from 2012 to 2018. Foamed plastics
are the second biggest insulation material consumed globally as well
as in the U.S. and is expected to grow at a steady pace over the
forecast period.
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Residential
construction emerged as the leading end use application for
insulation and accounted for approximately half of the total U.S.
insulation market in terms of volume for the year 2011.
Nonresidential construction market for insulation in the U.S. is
expected to grow at a CAGR of 5.4% from 2012 to 2018.
Asia
Pacific was the biggest consumer of insulation material and accounted
for more than 40% of the global market in 2011. Asia Pacific is also
expected to be the fastest growing market for insulation at a CAGR of
9.2% from 2012 to 2018. The North American market for insulation is
also expected to grow at a healthy pace over the forecast period.
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Some
of the leading companies operating in the global and in the U.S.
insulation market include Owens Corning, Certain Teed, Johns
Manville, Huntsman Corporation, Guardian Building Products, Knauf
Gips KG, Dow Building Solutions, and Rockwool International among
others.
The
report segments the insulation market as described below:
Global
Insulation Market, by Product Type
Fiberglass
Foamed
Plastic
Mineral
Wool
Other
(including Cotton Wool, Wool Slag etc.)
Global
Insulation Market, by Geography
North America
Europe
Asia Pacific
Rest of the World
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all Article :
http://www.transparencymarketresearch.com/articles.htm
U.S.
Insulation Market, by Product Type
Fiberglass
Foamed Plastic
Mineral Wool
Other (including Cotton Wool,
Wool Slag etc.)
U.S.
Insulation Market, by Application
Residential
Construction
Industrial,
HVAC and OEM
Nonresidential Construction
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