Insulation demand in the US market is projected to grow over six percent per year through 2019, according to Freedonia analysts. Double-digit annual gains in building construction spending will drive insulation sales. Further boosting demand will be the required usage of more insulation per structure as the 2012 International Energy Conservation Code (IECC) is increasingly adopted.
Fiberglass to Remain the Leading Insulation Material
There are a wide variety of materials that can be used to provide insulation, each with advantages and disadvantages that determine their use in particular projects. Fiberglass is the largest type and is expected to register the fastest growth through 2019.
Residential Market to Drive Growth
The residential market is expected to register the fastest growth in insulation demand through 2020 due to the expected rise in housing completions. Home renovation projects to improve energy efficiency will also boost insulation demand.
5 Producers Lead Sales
The insulation industry is comprised of over 100 companies, though demand is dominated by a small number of large manufacturers. Leading producers include Atlas Roofing, Bridgestone, CertainTeed, Dow Chemical, Johns Manville, Knauf Insulation, and Owens Corning.
Scope of the Report
This study examines the US insulation industry by product and market. Demand is also broken out by US regions and sub regions. Historical data are provided for 2004, 2009, and 2014 with forecasts for the years 2019 and 2024. Demand is presented in millions of dollars, millions of pounds, and billions of square feet of R-1 value. Also included is an analysis of the key industry players and their market shares.
Insulation material types covered in this study include:
Markets analyzed in this study include:
Residential by Application
Improvement & Replacement
Nonresidential by Building Type
Industrial & HVAC Equipment