Study #: 4304 | Published: 03/2022 | Pages: 206 | Individual User License: US$ 5,800

This study analyzes US supply of and demand for insulation. Historical data (2010, 2015, and 2020) and forecasts for 2025 and 2030 are provided for US insulation demand by material, market, and region. Data are provided in a variety of units, including dollars, pounds, square feet, and square feet of R-1 equivalent. Demand in value terms is shown at the manufacturers’ level and excludes distributor and retailer markups.

Both thermal and acoustic insulation are included in the scope of this study.

Materials are broken out by product form and, for foamed plastics, by type of resin. Additionally, mineral wool and cellulose are broken out by type:

  • fiberglass:
    • batts and blankets
    • loose fill
    • rigid board
    • roof deck, pipe and duct wrap, and other product forms
  • foamed plastic:
    • rigid polyurethane and polyisocyanurate (PUR/PIR) board
    • spray polyurethane foam (SPF), including open-cell and closed-cell types
    • extruded polystyrene (XPS)
    • expanded polystyrene (EPS), including graphite polystyrene
    • others foamed plastics (e.g., elastomeric, phenolic, polyolefin, melamine)
  • cellulose:
    • blown-in (also includes dense-packed cellulose insulation)
    • spray-applied
  • mineral wool (including slag wool and rock wool):
    • batts and blankets
    • loose fill
    • felt, specialty, and other mineral wool products
  • reflective insulation and radiant barriers
  • other materials (e.g., vacuum insulation panels, aerogels, perlite, vermiculite, cementitious foam, Icynene foam)

Granulated mineral wool used in ceiling tiles is not included in the scope of this study.

The major market segments analyzed are:

  • residential buildings (e.g., single-family, including manufactured homes, and multifamily)
  • commercial buildings (including, office, retail, and lodging; institutional; and industrial buildings)
  • industrial and plant equipment (e.g., power generation, oil and gas, petroleum refining, chemicals, food and beverages, pharmaceuticals)
  • HVAC/air distribution equipment (including residential, commercial, and heating and air ducts)
  • appliances (e.g., refrigerators, freezers, ovens, dishwashers, clothes washers and dryers)
  • transportation equipment:
    • motor vehicles (cabins, engines)
    • aerospace equipment (fuselages, air ducts)
    • ships and boats (hulls, cabins)
    • railroad equipment (railcars, insulated cars)
  • other insulation markets, including coolers and thermoses, nonbuilding construction, packaging, furniture, bedding, clothing, and off-road equipment

The residential and commercial building markets are further segmented by project type (i.e., new building and retrofit) and by building type.

Demand for insulation is also broken out by US geographic region and subregion.


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Table of Contents

1. Executive Summary

2. COVID-19 Pandemic

Overview

Impact on the Economy

Impact on the Construction Industry

Impact on the Insulation Industry

3. Overview

Study Scope

Historical Trends

Supply & Demand

Demand by Material

Pounds, Area, & R1-Value

Market Value

Demand by Market

Pounds & R1-Value

Market Value

Demand by Function

Pounds & Market Value

Thermal

Acoustic

Pricing Trends

4. Factors Impacting Insulation Demand

Construction Industry Outlook

Building Codes & Regulations

Health Concerns

Indoor Air Quality

Potential Lung & Skin Irritation

Sustainability Initiatives

Recycling & Recycled Content

Energy Efficiency

Blowing Agents & Ozone Depletion

5. Fiberglass Insulation

Scope & Product Description

Demand by Product Form

Demand by Market

Market Share & Key Suppliers

6. Foamed Plastic Insulation

Scope & Product Description

Plastic Products

Demand by Plastic Resin & Format

Rigid Polyurethane (PUR/PIR) Board

Spray Polyurethane Foam (SPF)

Extruded Polystyrene (XPS)

Expanded Polystyrene (EPS)

Other Foamed Plastics

Demand by Market

Market Share & Key Suppliers

7. Mineral Wool Insulation

Scope & Product Description

Demand by Product Form & Material

Demand by Market

Market Share & Key Suppliers

8. Cellulose Insulation

Scope & Product Description

Demand by Product Form

Demand by Market

Market Share & Key Suppliers

9. Reflective Insulation & Radiant Barriers

Scope & Product Description

Demand by Market

Market Share & Key Suppliers

10. Small Volume Insulation Materials

Scope & Product Description

Demand by Market

Key Suppliers

11. Residential Building Insulation

Market Scope

Demand by Material

R-1 Value

Square Feet

Pounds

Market Value

Demand by Function (Thermal & Acoustic)

Demand by Housing Type (Single-Family, Multifamily, Manufactured Housing)

Project Types

Demand by Project Type

New Housing

Retrofit Projects

Residential Insulation Cost Comparison

12. Commercial Building Insulation

Market Scope

Demand by Material

R-1 Value

Square Feet

Pounds

Market Value

Demand by Function (Thermal & Acoustic)

Demand by Building Type (Office, Retail/Lodging, Industrial, Institutional, Other)

Demand by Project Type (New vs. Retrofit)

Commercial Insulation Cost Comparison

13. Other Insulation Markets

Industrial & Plant Equipment

HVAC & Air Distribution Systems

Appliances

Transportation Equipment

All Other Markets

14. Regional Trends

Demand by Region

Northeast

Northeast: Demand by Subregion & Market

New England

Middle Atlantic

Midwest

Midwest: Demand by Subregion & Market

East North Central

West North Central

South

South: Demand by Subregion & Market

South Atlantic

East South Central

West South Central

West

West: Demand by Subregion & Market

Mountain

Pacific

15. Industry Structure

Key Findings & Industry Composition

Market Share

Mergers & Acquisitions

List of Industry Participants

16. Appendix

Report Details

Definitions

Abbreviations & Acronyms

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Building Construction

Residential Building Construction

Residential Improvements & Repairs

Commercial Building Construction

Commercial Building Improvements & Repairs

Nonbuilding Construction

Housing Starts

Housing Stock

Manufacturers' Shipments


List of Tables

2. COVID-19 Pandemic

Table 2-1 | Macroeconomic Indicators, 2019 - 2023 (billion 2012 dollars)

Table 2-2 | Construction Expenditures, 2019 - 2023 (billion 2012 dollars & billion dollars)

Table 2-3 | Annual Insulation Demand by Market, 2019 - 2022 (million pounds)

Table 2-4 | Annual Insulation Demand by Market, 2019 - 2022 (million dollars)

3. Overview

Table 3-1 | US Insulation Demand, 2010 - 2021 (million dollars & million pounds)

Table 3-2 | US Insulation Supply & Demand, 2010 - 2030 (million dollars)

Table 3-3 | Insulation Demand by Material, 2010 - 2030 (million pounds)

Table 3-4 | Insulation Demand by Material, 2010 - 2030 (billion square feet R-1)

Table 3-5 | Insulation Demand by Material, 2010 - 2030 (million square feet)

Table 3-6 | Insulation Demand by Material, 2010 - 2030 (million dollars)

Table 3-7 | Insulation Demand by Market, 2010 - 2030 (billion square feet R-1)

Table 3-8 | Insulation Demand by Market, 2010 - 2030 (million pounds)

Table 3-9 | Insulation Demand by Market, 2010 - 2030 (million dollars)

Table 3-10 | Insulation Demand by Function, 2010 - 2030 (million pounds & million dollars)

Table 3-11 | Thermal Insulation Demand by Material, 2010 - 2030 (million pounds & million dollars)

Table 3-12 | Acoustic Insulation Demand by Material, 2010 - 2030 (million pounds & million dollars)

Table 3-13 | Average Insulation Prices by Material, 2010 - 2030 (dollars per pound & dollars per thousand square feet R-1)

4. Factors Impacting Insulation Demand

Table 4-1 | Insulation R-Values by Material

5. Fiberglass Insulation

Table 5-1 | Fiberglass Insulation Demand by Product Form, 2010 - 2030 (million pounds)

Table 5-2 | Fiberglass Insulation Demand by Market, 2010 - 2030 (million dollars, million pounds, billion square feet R-1, & million square feet)

6. Foamed Plastic Insulation

Table 6-1 | Foamed Plastic Insulation Demand by Resin, 2010 - 2030 (million pounds)

Table 6-2 | Rigid PUR/PIR Board Insulation Demand by Market, 2010 - 2030 (million dollars, million pounds, billion square feet R-1, & million square feet)

Table 6-3 | Spray Polyurethane Foam (SPF) Insulation Demand by Market & Type, 2010 - 2030 (million dollars, million pounds, billion square feet R-1, & million square feet)

Table 6-4 | XPS Foam Insulation Demand by Market, 2010 - 2030 (million dollars, million pounds, billion square feet R-1, & million square feet)

Table 6-5 | EPS Foam Insulation Demand by Market, 2010 - 2030 (million dollars, million pounds, billion square feet R-1, & million square feet)

Table 6-6 | Other Foamed Plastic Insulation Demand by Market, 2010 - 2030 (million dollars, million pounds, billion square feet R-1, & million square feet)

Table 6-7 | Foamed Plastic Insulation Demand by Market, 2010 - 2030 (million dollars, million pounds, billion square feet R-1, & million square feet)

7. Mineral Wool Insulation

Table 7-1 | Mineral Wool Insulation Demand by Product Form & Material, 2010 - 2030 (million pounds)

Table 7-2 | Mineral Wool Insulation Demand by Market, 2010 - 2030 (million dollars, million pounds, billion square feet R-1, & million square feet)

8. Cellulose Insulation

Table 8-1 | Cellulose Insulation Demand by Product Form, 2010 - 2030 (million pounds)

Table 8-2 | Cellulose Insulation Demand by Market, 2010 - 2030 (million dollars, million pounds, billion square feet R-1, & million square feet)

9. Reflective Insulation & Radiant Barriers

Table 9-1 | Reflective Insulation & Radiant Barrier Demand by Market, 2010 - 2030 (million dollars, billion square feet R-1, & million square feet)

10. Small Volume Insulation Materials

Table 10-1 | Small Volume Insulation Demand by Market, 2010 - 2030 (million dollars, million pounds, billion square feet R-1, & million square feet)

11. Residential Building Insulation

Table 11-1 | Residential Building Insulation Demand by Material, 2010 - 2030 (billion square feet R-1)

Table 11-2 | Residential Building Insulation Demand by Material, 2010 - 2030 (million square feet)

Table 11-3 | Residential Building Insulation Demand by Material, 2010 - 2030 (million pounds)

Table 11-4 | Residential Building Insulation Demand by Material, 2010 - 2030 (million dollars)

Table 11-5 | Residential Building Insulation Demand by Function, 2010 - 2030 (million dollars)

Table 11-6 | Residential Building Insulation Demand by Housing Type, 2010 - 2030 (billion square feet R-1 & million dollars)

Table 11-7 | Residential Building Insulation Demand by Project Type, 2010 - 2030 (billion square feet R-1 & million dollars)

Table 11-8 | New Residential Building Insulation Demand by Material, 2010 - 2030 (billion square feet R-1)

Table 11-9 | Residential Retrofit Insulation Demand by Material, 2010 - 2030 (billion square feet R-1)

12. Commercial Building Insulation

Table 12-1 | Commercial Building Insulation Demand by Material, 2010 - 2030 (billion square feet R-1)

Table 12-2 | Commercial Building Insulation Demand by Material, 2010 - 2030 (million square feet)

Table 12-3 | Commercial Building Insulation Demand by Material, 2010 - 2030 (million pounds)

Table 12-4 | Commercial Building Insulation Demand by Material, 2010 - 2030 (million dollars)

Table 12-5 | Commercial Building Insulation Demand by Function, 2010 - 2030 (million dollars)

Table 12-6 | Commercial Building Insulation Demand by Building Type, 2010 - 2030 (billion square feet R-1 & million dollars)

Table 12-7 | Commercial Building Insulation Demand by Project Type, 2010 - 2030 (billion square feet R-1 & million dollars)

13. Other Insulation Markets

Table 13-1 | Industrial & Plant Equipment Insulation Demand by Material & Function, 2010 - 2030 (million dollars & billion square feet R-1)

Table 13-2 | HVAC & Air Distribution Insulation Demand by Material & Function, 2010 - 2030 (million dollars & billion square feet R-1)

Table 13-3 | Appliance Insulation Demand by Material & Function, 2010 - 2030 (million dollars & billion square feet R-1)

Table 13-4 | Transportation Equipment Insulation Demand by Material & Function, 2010 - 2030 (million dollars & billion square feet R-1)

Table 13-5 | Other Markets Insulation Demand by Material & Function, 2010 - 2030 (million dollars & billion square feet R-1)

14. Regional Trends

Table 14-1 | Insulation Demand by Region, 2010 - 2030 (million dollars)

Table 14-2 | Northeast: Insulation Demand by Subregion & Market, 2010 - 2030 (million dollars & billion square feet R-1)

Table 14-3 | Midwest: Insulation Demand by Subregion & Market, 2010 - 2030 (million dollars & billion square feet R-1)

Table 14-4 | South: Insulation Demand by Subregion & Market, 2010 - 2030 (million dollars & billion square feet R-1)

Table 14-5 | West: Insulation Demand by Subregion & Market, 2010 - 2030 (million dollars & billion square feet R-1)

15. Industry Structure

Table 15-1 | US Insulation Sales by Company, 2020 (million dollars)

Table 15-2 | Selected Mergers & Acquisitions

Table 15-3 | Selected Industry Participants

16. Appendix

Table 16-1 | Study Scope: US Geographic Regions & Subregions

Table 16-2 | Relevant NAICS & SIC Industry Codes

Table 16-3 | Relevant HS Codes

Table 16-4 | Abbreviations & Acronyms Used in Study

Table 16-5 | Macroeconomic Indicators, 2010 - 2030 (billion 2012 dollars)

Table 16-6 | Population & Households, 2010 - 2030 (million persons)

Table 16-7 | Building Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 16-8 | Residential Building Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 16-9 | Residential Improvement & Repair Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 16-10 | Commercial Building Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 16-11 | Commercial Building Improvement & Repair Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 16-12 | Nonbuilding Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 16-13 | New Housing Indicators, 2010 - 2030

Table 16-14 | Housing Stock by Type, 2010 - 2030 (million units)

Table 16-15 | Manufacturers' Shipments, 2010 - 2030 (billion dollars)


List of Figures

1. Executive Summary

Figure 1-1 | US Insulation Market Overview

2. COVID-19 Pandemic

Figure 2-1 | Real GDP by Economic Sector, 2020 - 2023 (% annual change)

Figure 2-2 | Annual Insulation Volume Demand by Market, 2019 - 2022 (% annual change)

3. Overview

Figure 3-1 | Insulation: Product Examples

Figure 3-2 | US Insulation Demand, 2000 - 2021 (million pounds)

Figure 3-3 | Average Insulation Price by Material, 2010 - 2030 (% CAGR)

4. Factors Impacting Insulation Demand

Figure 4-1 | Building Construction Expenditures by Type, 2018 - 2025 (billion 2012 dollars)

5. Fiberglass Insulation

Figure 5-1 | Fiberglass Insulation: Product Examples

Figure 5-2 | Fiberglass Insulation: Key Competitive Factors

Figure 5-3 | Fiberglass Share of Insulation Market, 2020 (million pounds & billion dollars)

Figure 5-4 | Fiberglass Insulation Market Share by Company, 2020 (billion dollars)

Figure 5-5 | US Fiberglass Insulation Market: Leading Supplier, 2020

Figure 5-6 | Fiberglass Insulation Market: Second Leading Supplier, 2020

Figure 5-7 | Fiberglass Insulation Market: Third Leading Supplier, 2020

Figure 5-8 | Fiberglass Insulation Market: Fourth Leading Supplier, 2020

6. Foamed Plastic Insulation

Figure 6-1 | Foamed Plastic Insulation: Product Examples

Figure 6-2 | Foamed Plastic Insulation: Key Competitive Factors

Figure 6-3 | Foamed Plastic Insulation Demand by Resin, 2010 - 2030 (million pounds)

Figure 6-4 | Foamed Plastic Share of Insulation Market, 2020 (billion pounds & billion dollars)

Figure 6-5 | Foamed Plastic Insulation Market Share by Company, 2020 (billion dollars)

Figure 6-6 | Foamed Plastic Insulation Market: Leading Supplier, 2020

Figure 6-7 | Foamed Plastic Insulation Market: Second Leading Supplier, 2020

Figure 6-8 | Foamed Plastic Insulation Market: Third Leading Supplier, 2020

Figure 6-9 | Foamed Plastic Insulation Market: Fourth Leading Supplier, 2020

Figure 6-10 | Foamed Plastic Insulation Market: Fifth Leading Supplier, 2020

7. Mineral Wool Insulation

Figure 7-1 | Mineral Wool Insulation: Product Examples

Figure 7-2 | Mineral Wool Insulation: Key Competitive Factors

Figure 7-3 | Mineral Wool Share of Insulation Market, 2020 (billion pounds & billion dollars)

Figure 7-4 | Mineral Wool Insulation Market Share by Company, 2020 (million dollars)

8. Cellulose Insulation

Figure 8-1 | Cellulose Insulation: Product Examples

Figure 8-2 | Cellulose Insulation: Key Competitive Factors

Figure 8-3 | Cellulose Share of Insulation Market, 2020 (billion pounds & billion dollars)

Figure 8-4 | Cellulose Insulation Market Share by Company, 2020 (million dollars)

9. Reflective Insulation & Radiant Barriers

Figure 9-1 | Reflective Insulation & Radiant Barriers: Product Examples

Figure 9-2 | Reflective Insulation & Radiant Barriers: Key Competitive Factors

Figure 9-3 | Reflective Insulation & Radiant Barrier Share of Insulation Market, 2020 (billion pounds & billion dollars)

Figure 9-4 | Reflective Insulation & Radiant Barrier Market Share by Company, 2020 (million dollars)

10. Small Volume Insulation Materials

Figure 10-1 | Small Volume Insulation Materials: Product Examples

Figure 10-2 | Small Volume Insulation Materials: Key Competitive Factors

Figure 10-3 | Small Volume Insulation Material Share of Insulation Market, 2020 (billion pounds & billion dollars)

11. Residential Building Insulation

Figure 11-1 | New Residential Building Insulation Demand & Conventional Housing Starts, 2010 - 2025 (million dollars)

Figure 11-2 | Residential Building Insulation Cost Comparison, 2020 (dollars per thousand square feet R-1)

12. Commercial Building Insulation

Figure 12-1 | Commercial Building Insulation Demand & Commercial Building Construction Expenditures, 2010 - 2025 (million dollars)

Figure 12-2 | Commercial Building Insulation Cost Comparison, 2020 (dollars per square foot R-1)

15. Industry Structure

Figure 15-1 | US Insulation Market Share by Company, 2020 (billion dollars)

Figure 15-2 | US Insulation Market, 2020: Leading Supplier

Figure 15-3 | US Insulation Market, 2020: Second Leading Supplier

Figure 15-4 | US Insulation Market, 2020: Third Leading Supplier

Figure 15-5 | US Insulation Market, 2020: Fourth Leading Supplier

Figure 15-6 | US Insulation Market, 2020: Fifth Leading Supplier

16. Appendix

Figure 16-1 | New Housing Square Footage by Housing Type, 2005 - 2020

Figure 16-2 | Housing Stock: Share by Year of Construction, 2020 (million units)


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