Transparency Market Research published new
market report "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.
Browse
the full report at http://www.transparencymarketresearch.com/insulation-market.html
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.
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 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
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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Browse the full report with TOC at http://www.transparencymarketresearch.com/insulation-market.html
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