Roofing accounted for nearly a third of residential wood panel demand in 2019 and is expected to remain the leading application through 2024.
Stand-Up Pouches to See Robust Demand Growth in Processed Foods Applications Through 2024
Pouches (i.e., flat and stand-up types) will continue to capture additional market share from rigid containers, bags, and film wrap in a wide variety of applications.
Subflooring accounted for 85% of wood panels used in flooring applications in 2019 and will provide the majority of demand growth through 2024.
Stand-up pouches – particularly spouted and inverted types – are gaining a wider presence among retail sauces and condiments.
The pandemic has pushed the nonwovens industry to rapidly adapt to both high demand for crucial end-use products and the limitations of stay-at-home orders and a recession.
Freedonia Analyst Weighs In On Home Depot’s acquisition of HD Supply
Home Depot announced that it was purchasing HD Supply.
Freedonia Analyst Weighs In On Bain Capital’s Acquisition of US LBM
Bain Capital announced that it had purchased a majority stake in US LBM, a key US building materials distributor, from Kelso & Company.
Global Asphalt Market to Grow 2.4% Annually Through 2024
Roofing represents the next largest application for asphalt, with demand supported by the large asphalt shingle reroofing market in the US and Canada.
Despite weak homebuilding activity in many markets, demand growth in residential insulation will be supported by rising spending on home renovations.
Pandemic-Driven Freezer Sales Bolster Global Insulation Demand
Appliance sales amid the Covid-19 pandemic is providing opportunities for insulation suppliers.