Last updated on April 20, 2014 at 8:20 EDT

Global Insulation Market is Expected to Reach USD 56.6 Billion in 2018: Transparency Market Research

May 8, 2013

ALBANY, New York, May 8, 2013 /PRNewswire/ –

According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) “Global and U.S. Insulation Market by Type
(Fiberglass, Foamed Plastic, Mineral Wool and Other) and Application (Residential
Construction, Nonresidential Construction and Industrial, HVAC & OEM) – Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2012 – 2018,” 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 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.

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

Related & Recently Published Reports by Transparency Market Research






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
        - 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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