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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:
Granulated mineral wool used in ceiling tiles is not included in the scope of this study.
The major market segments analyzed are:
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.
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
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)
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)
© by The Freedonia Group, a division of MarketResearch.com