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Insulation

Insulation

US demand to rise 7.6% annually through 2017
US demand for insulation is projected to advance 7.6 percent annually to $10.3 billion in 2017. Growth will be driven by an increase in building construction spending from a low 2012 base. Gains will also be boosted by changes in building codes and construction practices that call for structures to use energy more efficiently. Such measures as the 2012 International Energy Conservation Code (IECC) and the most recent Leadership in Energy and Environmental Design set of codes -- LEEDv4 -- will spur construction professionals to add more insulation to reduce energy consumption.

Residential market to post double-digit annual growth
The residential market is forecast to post double-digit insulation demand advances through 2017, spurred by a strong rebound in housing starts. Not only will more houses be erected, but builders will install more insulation per structure in order to comply with the 2012 IECC. Residential insulation demand will also be supported by efforts to upgrade insulation in existing houses. Some homeowners will opt to reduce utility bills by adding insulation to attics and walls and sealing gaps to prevent air leaks.

Nonresidential market to benefit from LEED rating
Demand for insulation in the nonresidential market will see solid growth through 2017, spurred by strong advances in nonresidential building construction expenditures. Further advances will come from increasing interest in green building practices, such as those put forth by the LEED rating system, that call for the use of more insulation with higher R-values. Builders and designers will use more insulation to reduce energy consumption. Not only does this reduce utility bills, but many business owners find an environmentally friendly reputation to be important in attracting consumers.

Fiberglass to remain most common insulation material
Fiberglass insulation accounted for 47 percent of insulation demand by value in 2012. Fiberglass insulation will remain the market leader in 2017, with demand reaching $5.0 billion. Growth in building construction expenditures will stimulate demand. The material’s low cost, insulative properties, fire resistance, and ease of installation make it a popular choice with both construction professionals and do-it-yourself homeowners.

Foamed plastic insulation to gain market share in residential market
Demand for foamed plastic insulation, which accounted for the second largest share of the market in 2012, is forecast to grow to $4.6 billion in 2017. Rebounding building construction spending will boost demand. These materials have traditionally been used more extensively in the nonresidential market, as many builders and designers opt for foamed plastic products because of their high R-value. However, the residential market will offer solid growth prospects going forward, as code changes that call for houses to be better sealed to prevent air leaks will boost the use of these products in spite of their higher costs than fiberglass insulation. Foamed plastics are well suited for sealing hard-to-reach areas, such as crawl spaces and between walls.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table INSULATION DEMAND (million dollars)
  • MARKET ENVIRONMENT
    • General
    • Macroeconomic Environment
      • Table MACROECONOMIC INDICATORS (billion 2005 dollars)
    • Demographic Trends
      • Table POPULATION & HOUSEHOLDS (million persons)
    • Consumer Trends
      • Consumer Spending
        • Table PERSONAL CONSUMPTION EXPENDITURES (billion dollars)
      • Consumer Financing
        • Table CONSUMER FINANCING ENVIRONMENT, 2002-2012
    • Building Construction
      • Table BUILDING CONSTRUCTION EXPENDITURES (billion dollars)
      • Residential Buildings
        • Table RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion dollars)
        • Table NEW HOUSING INDICATORS
        • Table HOUSING STOCK BY TYPE (million units)
        • Table YEAR OF CONSTRUCTION OF HOUSING STOCK, 2012 (131.8 million units)
        • Table RESIDENTIAL IMPROVEMENT & REPAIR EXPENDITURES (billion dollars)
      • Nonresidential Buildings
        • Table NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion dollars)
        • Table NONRESIDENTIAL BUILDING IMPROVEMENT & REPAIR EXPENDITURES (billion dollars)
    • Manufacturing Outlook
      • Table MANUFACTURERS' SHIPMENTS (billion dollars)
    • Pricing
      • Table AVERAGE INSULATION PRICES* (dollars per pound)
    • Historical Market Trends
      • Table INSULATION MARKET, 2002-2012
      • Table INSULATION MARKET, 2003-2012 (percent change)
    • Foreign Trade
      • Table INSULATION FOREIGN TRADE (million dollars)
    • World Insulation Overview
  • OVERVIEW
    • General
    • R-Values
    • Material Variations in Thermal Resistance
      • Table INSULATION R-VALUES BY MATERIAL
    • Environmental & Regulatory Issues
      • Building Codes
      • Energy Efficiency Tax Credits
      • Green Building
      • Climate Change
      • Indoor Air Quality
      • Renewable Resources & Recycling
      • Health & Safety Issues
    • Insulation Demand
      • Table INSULATION DEMAND BY VALUE (million dollars)
  • PRODUCTS
    • General
      • Table INSULATION DEMAND* (million pounds)
      • Table INSULATION DEMAND BY MATERIAL, 2012 (6.8 billion pounds)
    • Fiberglass
      • Materials
      • Product Forms
        • Table FIBERGLASS INSULATION DEMAND BY PRODUCT FORM (million pounds)
      • Markets
        • Table FIBERGLASS INSULATION DEMAND BY MARKET (million pounds)
    • Foamed Plastics
      • Product Forms
      • Markets
        • Table FOAMED PLASTIC INSULATION DEMAND BY MARKET (million pounds)
      • Resins
        • Table FOAMED PLASTIC INSULATION DEMAND BY RESIN (million pounds)
        • Table RIGID URETHANE FOAM INSULATION DEMAND BY PRODUCT (million pounds)
        • Table RIGID URETHANE FOAM INSULATION DEMAND BY MARKET (million pounds)
        • Table POLYSTYRENE FOAM INSULATION DEMAND BY PRODUCT (million pounds)
        • Table POLYSTYRENE FOAM INSULATION DEMAND BY MARKET (million pounds)
        • Table OTHER FOAMED PLASTIC INSULATION DEMAND BY MARKET (million pounds)
    • Cellulose
      • Product Forms
        • Table CELLULOSE INSULATION DEMAND BY PRODUCT FORM (million pounds)
      • Markets
        • Table CELLULOSE INSULATION DEMAND BY MARKET (million pounds)
    • Mineral Wool
      • Table MINERAL WOOL INSULATION DEMAND BY MATERIAL (million pounds)
      • Product Forms
        • Table MINERAL WOOL INSULATION DEMAND BY PRODUCT FORM (million pounds)
      • Markets
        • Table MINERAL WOOL INSULATION DEMAND BY MARKET (million pounds)
    • Reflective Insulation & Radiant Barriers
      • Table REFLECTIVE INSULATION & RADIANT BARRIER DEMAND BY TYPE (million dollars)
      • Product Forms
      • Markets
        • Table REFLECTIVE INSULATION & RADIANT BARRIER DEMAND BY MARKET (million dollars)
    • Other Insulation
      • Materials
        • Table OTHER INSULATION DEMAND BY MATERIAL (million pounds)
      • Product Forms
        • Table OTHER INSULATION MATERIALS DEMAND BY PRODUCT FORM (million pounds)
      • Markets
        • Table OTHER INSULATION MATERIALS DEMAND BY MARKET (million pounds)
  • MARKETS
    • General
      • Demand by Market Value
        • Table INSULATION DEMAND BY MARKET VALUE (million dollars)
        • Table INSULATION MARKETS BY MARKET VALUE, 2012 ($7.1 billion)
      • Demand by R-1 Value
        • Table INSULATION DEMAND* BY R-1 VALUE (billion square feet R-1)
        • Table INSULATION DEMAND* BY R-1 VALUE, 2012 (233.6 billion square feet R-1)
    • Residential Buildings
      • Materials
        • Table RESIDENTIAL BUILDINGS MARKET FOR INSULATION BY MATERIAL (million dollars)
      • Dollars/R-Value Comparison
        • Table COST/R-VALUE COMPARISON OF RESIDENTIAL INSULATION MATERIALS, 2012 ($/000 square feet of R-1 value)
      • Applications
        • Table RESIDENTIAL BUILDINGS MARKET* FOR INSULATION BY APPLICATION (billion square feet R-1)
        • Table NEW HOUSING APPLICATIONS* FOR INSULATION (billion square feet R-1)
        • Table RESIDENTIAL ATTIC REINSULATION APPLICATIONS* FOR INSULATION (billion square feet R-1)
        • Table RESIDENTIAL IMPROVEMENT & REPAIR APPLICATIONS* FOR INSULATION (billion square feet of R-1)
    • Nonresidential Buildings
      • Materials
        • Table NONRESIDENTIAL BUILDINGS MARKET FOR INSULATION BY MATERIAL (million dollars)
      • Dollars/R-Value Comparison
        • Table COST/R-VALUE COMPARISON OF NONRESIDENTIAL INSULATION MATERIALS, 2012 ($/000 square feet of R-1 value)
      • Applications
        • Table NONRESIDENTIAL MARKET* FOR INSULATION BY APPLICATION & TYPE (billion square feet of R-1)
    • Industrial & HVAC Equipment
      • Materials
        • Table INDUSTRIAL & HVAC EQUIPMENT MARKETS FOR INSULATION BY MATERIAL (million dollars)
      • Dollars/R-Value Comparison
        • Table COST/R-VALUE COMPARISON OF INDUSTRIAL & HVAC INSULATION MATERIALS, 2012 ($/000 square feet of R-1 value)
      • Applications
        • Table INDUSTRIAL & HVAC INSULATION MARKETS* BY APPLICATION (billion square feet of R-1)
    • Other Insulation Markets
      • Materials
        • Table OTHER INSULATION MARKETS BY MATERIAL (million dollars)
      • Applications
        • Table OTHER INSULATION MARKETS* BY APPLICATION (billion square feet of R-1)
  • REGIONS
    • General
    • Regional Demographic & Economic Activity
      • Population Patterns
        • Table POPULATION BY REGION (million persons)
      • Economic Outlook
        • Table GROSS DOMESTIC PRODUCT BY REGION (billion dollars)
      • Construction Activity
        • Table CONSTRUCTION EXPENDITURES BY REGION (billion dollars)
      • Housing Trends
        • Table REGIONAL HOUSING INDICATORS (thousand units)
    • Regional Insulation Demand
      • Table INSULATION DEMAND BY REGION (million dollars)
      • Table INSULATION DEMAND BY REGION, 2012 ($7.1 billion)
      • Northeast
        • Table NORTHEAST INSULATION DEMAND BY SUBREGION & MARKET (million dollars)
      • Midwest
        • Table MIDWEST INSULATION DEMAND BY SUBREGION & MARKET (million dollars)
      • South
        • Table SOUTH INSULATION DEMAND BY SUBREGION & MARKET (million dollars)
      • West
        • Table WEST INSULATION DEMAND BY SUBREGION & MARKET (million dollars)
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table INSULATION REVENUES FOR SELECTED MANUFACTURERS, 2012 (million dollars)
    • Market Share
      • Table INSULATION MARKET SHARE, 2012 ($7.1 billion)
    • Manufacturing & Product Development
    • Competitive Strategies
    • Marketing & Distribution
    • Acquisitions & Divestitures
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Company Profiles
      • Advanced Fiber Technology
      • Armacell International Holding GmbH
      • BASF SE
      • Bayer AG
      • Berkshire Hathaway Incorporated
      • Bridgestone Corporation
      • Carlisle Companies Incorporated
      • Carpenter Company
      • Covertech Fabricating Incorporated
      • Dow Chemical Company
      • Dyplast Products LLC
      • Evonik Industries AG
      • Fi-Foil Company Incorporated
      • Grace (WR) &Company
      • Guardian Industries Corporation
      • Homasote Company
      • Hood Companies
      • Innovative Energy Incorporated
      • Innovative Insulation Incorporated
      • Insulation Solutions Incorporated
      • Knauf Gips KG
      • Louisiana-Pacific Corporation
      • Materis
      • Owens Corning
      • PFB Corporation
      • Polyair Inter Pack Incorporated
      • PPG Industries Incorporated
      • Pregis Corporation
      • Reynolds Group Holdings Limited
      • Rmax Incorporated
      • ROCKWOOL International A/S
      • RPM International Incorporated
      • Saint-Gobain
      • Sealed Air Corporation
      • Sonoco Products Company
      • Specialty Vermiculite Corporation
      • Sto AG
    • Other Companies Mentioned in Study

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