Study #: 3597 | Published: 12/2017 | Pages: 178 | Individual User License: US$ 5,600

US demand for insulation is forecast to rise 3.7% per year to $9.5 billion in 2021. Advances will be driven by rising adoption of more stringent building codes, efforts to improve energy efficiency by adding or replacing insulation in both residential and commercial structures, increasing interest in green building practices, and strong growth in housing starts in the single-family housing market. Mineral wool will record the fastest sales increases through 2021 due to its ability to withstand extreme temperatures as fire safety codes continue to become more stringent in all markets.

The study evaluates company market share and analyzes industry competitors including Owens Corning, Knauf Insulation, CertainTeed, DowDuPont, Johns Manville, US Greenfiber, Atlas Roofing, BASF, Covestro AG, ROCKWOOL, Sealed Air, Firestone Building Products, and Carlisle.

This study analyzes US demand for insulation by material, market, and region. Both thermal and acoustic insulation are included in the scope of this study.

Materials broken out include:

  • fiberglass
  • foamed plastics
  • mineral wool
  • cellulose
  • reflective insulation
  • radiant barriers
  • other materials (e.g., perlite, vermiculite, and all other insulation materials)

The major market segments analyzed are:

  • residential buildings
  • commercial buildings
  • industrial and HVAC equipment
  • other insulation markets

Materials are also broken out by product form (batts, blankets, rigid boards, loose fill, blow-in, and spray-applied) and, for foamed plastics, by type of resin (rigid urethanes, polystyrene, and other). Additionally, mineral wool is broken out by type (e.g., rock wool and slag wool).

The residential building market is further segmented by project type (e.g., new housing, attic reinsulation, and improvement and replacement).

The commercial building market is also broken out by building type (e.g., office, retail & lodging, institutional, industrial, and all other commercial buildings).

Segments of the other insulation markets in this study comprise:

  • appliances
  • nonbuilding construction
  • transportation equipment
  • all other insulation markets (e.g., miscellaneous consumer goods such as insulated coolers)

Demand for insulation is also broken out for the following US geographic regions and subregions:

  • Northeast (Middle Atlantic and New England)
  • Midwest (East North Central and West North Central)
  • South (South Atlantic, East South Central, and West South Central)
  • West (Mountain and Pacific)

Historical data for 2006, 2011, and 2016 and forecasts to 2021 are presented in current dollars (which are not adjusted to account for inflation). Historical and forecast data are also presented in volume terms by the following measures:

  • pounds
  • square feet R-1 value
  • square feet (for the residential and commercial building markets only

In pounds and square feet R-1 measures, reflective insulation and radiant barriers are excluded.


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Table of Contents

EXECUTIVE SUMMARY

OVERVIEW

Key Findings

Market Forecasts

Historical Market Trends

Pricing

Foreign Trade

Environmental & Regulatory Issues

Building Codes & Other Regulations

R-Values & Energy Efficiency

MATERIALS

Key Findings

Insulation Demand by Material Outlook

Market Volume

Market Value

Fiberglass

Demand Outlook

Outlook for Key Fiberglass Product Forms

Suppliers & Market Share

Foamed Plastics

Demand Outlook

Outlook for Key Foamed Plastic Resin Types

Overview

Rigid Urethane

Polystyrene

Other Foamed Plastics

Suppliers & Market Share

Cellulose

Demand Outlook

Outlook for Key Cellulose Product Forms

Suppliers & Market Share

Mineral Wool

Demand Outlook

Outlook for Key Mineral Wool Product Forms & Materials

Suppliers & Market Share

Reflective Insulation & Radiant Barriers

Demand Outlook

Suppliers & Market Share

Other Insulation Materials

Demand Outlook

Outlook for Key Other Insulation Types

Outlook for Other Key Product Forms

MARKETS

Key Findings

Insulation Markets Forecasts

Market Volume

Market Value

Residential Buildings

Demand Forecasts & Key Trends by Material

Volume

Value

Market Outlook for Key Residential Building Project Types

Outlook by Project Type

New Housing Construction

Improvement & Replacement

Attic Reinsulation

Material Cost Comparison

Commercial Buildings

Demand Forecasts & Key Material Trends

Volume

Value

Market Outlook for Key Building & Project Types

Outlook by Building Type

Outlook by Project Type

Material Cost Comparison

Industrial & HVAC Equipment

Demand Forecasts by Material

Demand Forecasts by Application

Overview

Material Cost Comparison

Other Insulation Markets

Demand Forecasts by Material

Demand Forecasts by Application

REGIONS

Key Findings

Regional Insulation Demand

Northeast

Northeast: Regional Overview

New England

Middle Atlantic

Midwest

Midwest: Regional Overview

East North Central

West North Central

South

South: Regional Overview

South Atlantic

East South Central

West South Central

West

West: Regional Overview

Mountain

Pacific

INDUSTRY STRUCTURE

Key Findings & Industry Composition

Market Share

New Product Development

Competitive Strategies

Product Differentiation

Intermaterial Competition

Marketing

Distribution

Cooperative Agreements

Acquisitions & Divestitures

List of Industry Participants

APPENDIX

Scope

Methodology

Definitions

Related Freedonia Group Studies

Abbreviations

Macroeconomic Assumptions

Economic Environment

Demographics

Construction Expenditures

Building Construction

Residential Building Construction

Residential Improvements & Repairs

Nonresidential Building Construction

Nonresidential Building Improvements & Repairs

Nonbuilding Construction Expenditures

Housing Starts

Housing Stock

Nonresidential Building Stock

Consumer Financing


List of Tables

OVERVIEW

Table 2-1 | Insulation Demand, 2006 - 2021

Table 2-2 | US Insulation Market, 2006 - 2016

Table 2-3 | Average Insulation Prices by Material, 2006 - 2021 ($/lb)

Table 2-4 | Insulation Foreign Trade, 2006 - 2021 (million dollars)

Table 2-5 | US Insulation Market: Environmental & Regulatory Issues

Table 2-6 | Insulation R-Values by Material

MATERIALS

Table 3-1 | Insulation Volume Demand by Material, 2006 - 2021

Table 3-2 | Insulation Value Demand by Material, 2006 - 2021 (million dollars)

Table 3-3 | Fiberglass Insulation Demand by Market, 2006 - 2021 (million pounds)

Table 3-4 | Fiberglass Demand by Product Form, 2006 - 2021 (million pounds)

Table 3-5 | Foamed Plastic Insulation Demand by Market, 2006 - 2021 (million pounds)

Table 3-6 | Foamed Plastic Insulation Demand by Resin, 2006 - 2021 (million pounds)

Table 3-7 | Rigid Urethane Foam Insulation Demand by Market & Product, 2006 - 2021 (million pounds)

Table 3-8 | Polystyrene Foam Insulation Demand by Market and Product, 2006 - 2021 (million pounds)

Table 3-9 | Other Foamed Plastic Insulation Demand by Market, 2006 - 2021

Table 3-10 | Other Leading Foamed Plastic Insulation Suppliers, 2016

Table 3-11 | Cellulose Insulation Demand by Market, 2006 - 2021

Table 3-12 | Cellulose Insulation Demand by Product Form, 2006 - 2021 (million pounds)

Table 3-13 | Mineral Wool Insulation Demand by Market, 2006 - 2021 (million pounds)

Table 3-14 | Mineral Wool Insulation Demand by Product Form & Material, 2006 - 2021 (million pounds)

Table 3-15 | Reflective Insulation & Radiant Barrier Demand by Type & Market, 2006 - 2021 (million dollars)

Table 3-16 | Other Insulation Demand by Market, 2006 - 2021 (million pounds)

Table 3-17 | Other Insulation Demand by Material, 2006 - 2021 (million pounds)

Table 3-18 | Other Insulation Demand by Product Form, 2006 - 2021 (million pounds)

MARKETS

Table 4-1 | Insulation Volume Demand by Market, 2006 - 2021

Table 4-2 | Insulation Value Demand by Market, 2006 - 2021 (million dollars)

Table 4-3 | Residential Building Insulation Volume Demand by Material (million square feet)

Table 4-4 | Residential Building Insulation Demand by Material, 2006 - 2021 (million dollars)

Table 4-5 | Residential Building Insulation Demand by Project Type, 2006 - 2021 (billion square feet R-1)

Table 4-6 | New Housing Insulation Demand by Material, 2006 - 2021 (billion square feet R-1)

Table 4-7 | Residential Improvement & Replacement Insulation Demand by Material, 2006 - 2021 (billion square feet R-1)

Table 4-8 | Residential Attic Reinsulation Demand by Material, 2006 - 2021 (billion square feet R-1)

Table 4-9 | Commercial Building Insulation Volume Demand, 2006 - 2021

Table 4-10 | Commercial Building Insulation Demand by Material, 2006 - 2021 (million dollars)

Table 4-11 | Commercial Insulation Demand by Building Type, 2006 - 2021 (billion square feet R-1)

Table 4-12 | Commercial Building Insulation Demand by Project Type, 2006 - 2021 (billion square feet R-1)

Table 4-13 | Industrial & HVAC Equipment Insulation Demand by Material, 2006 - 2021 (million dollars)

Table 4-14 | Industrial & HVAC Equipment Insulation Demand by Application, 2006 - 2021 (billion square feet R-1)

Table 4-15 | Other Insulation Markets Demand by Material, 2006 - 2021 (million dollars)

Table 4-16 | Other Insulation Markets Demand by Application, 2006 - 2021 (billion square feet R-1)

REGIONS

Table 5-1 | Insulation Demand by Region, 2006 - 2021 (million dollars)

Table 5-2 | Northeast Insulation Demand by Subregion & Market, 2006 - 2021 (million dollars)

Table 5-3 | Midwest Insulation Demand by Subregion & Market, 2006 - 2021 (million dollars)

Table 5-4 | South Insulation Demand by Subregion & Market, 2006 - 2021 (million dollars)

Table 5-5 | West Insulation Demand by Subregion & Market, 2006 - 2021 (million dollars)

INDUSTRY STRUCTURE

Table 6-1 | US Insulation Product Sales for Selected Companies, 2016 (million dollars)

Table 6-2 | Selected Cooperative Agreements

Table 6-3 | Selected Acquisitions & Divestitures

APPENDIX

Table 7-1 | Study Scope: US Geographic Regions & Subregions

Table 7-2 | Relevant Industry Codes

Table 7-3 | Abbreviations Used in Study

Table 7-4 | Macroeconomic Indicators, 2006 - 2021 (billion 2009 dollars)

Table 7-5 | Population & Households, 2006 - 2021 (million persons)

Table 7-6 | Construction Expenditures, 2006 - 2021 (billion dollars)

Table 7-7 | Building Construction Expenditures, 2006 - 2021 (billion dollars)

Table 7-8 | Residential Building Construction Expenditures, 2006 - 2021 (billion dollars)

Table 7-9 | Residential Improvement & Repair Expenditures, 2006 - 2021 (billion dollars)

Table 7-10 | Nonresidential Building Construction Expenditures, 2006 - 2021 (billion dollars)

Table 7-11 | Nonresidential Building Improvement & Repair Expenditures, 2006 - 2021 (billion dollars)

Table 7-12 | Nonbuilding Construction Expenditures, 2006 - 2021 (billion dollars)

Table 7-13 | New Housing Indicators, 2006 - 2021

Table 7-14 | Housing Stock by Type, 2006 - 2021 (million units)

Table 7-15 | Nonresidential Building Stock by Type, 2006 - 2021 (billion 2009 dollars)

Table 7-16 | Consumer Financing Environment, 2006 - 2016


List of Figures

EXECUTIVE SUMMARY

Figure 1-1 | Key Trends in the US Insulation Market, 2016 - 2021

OVERVIEW

Figure 2-1 | US Insulation Market Overview

Figure 2-2 | Insulation Demand Versus Building Construction Expenditures, 2006 - 2021

Figure 2-3 | US Insulation Market, 2006 - 2016 (billion square feet R-1)

MATERIALS

Figure 3-1 | Insulation Materials: Key Trends, 2016 - 2021

Figure 3-2 | Insulation Volume Demand by Material, 2016

Figure 3-3 | Insulation Value Demand by Material, 2016 (billion dollars)

Figure 3-4 | Fiberglass Insulation Market Share, 2006 - 2021 (percent of total insulation demand)

Figure 3-5 | Fiberglass Demand by Product Form, 2011 - 2021 (compound annual growth rate)

Figure 3-6 | US Fiberglass Insulation Market Share by Company, 2016 (billion dollars)

Figure 3-7 | Leading US Fiberglass Insulation Supplier, 2016

Figure 3-8 | Second Leading US Fiberglass Insulation Supplier, 2016

Figure 3-9 | Third Leading US Fiberglass Insulation Supplier, 2016

Figure 3-10 | Fourth Leading US Fiberglass Insulation Supplier, 2016

Figure 3-11 | Foamed Plastic Insulation Market Share, 2006 - 2021 (percent of total insulation demand)

Figure 3-12 | Foamed Plastic Insulation Demand by Resin, 2016 (billion pounds)

Figure 3-13 | US Foamed Plastic Insulation Market Share by Company, 2016 (billion dollars)

Figure 3-14 | Leading US Foamed Plastic Insulation Supplier, 2016

Figure 3-15 | Second Leading US Foamed Plastic Insulation Supplier, 2016

Figure 3-16 | Third Leading US Foamed Plastic Insulation Supplier, 2016

Figure 3-17 | Fourth Leading US Foamed Plastic Insulation Supplier, 2016

Figure 3-18 | Fifth Leading US Foamed Plastic Insulation Supplier, 2016

Figure 3-19 | Cellulose Insulation Market Share, 2006 - 2021 (percent of total insulation demand)

Figure 3-20 | Cellulose Insulation Demand by Product Form, 2006 - 2021 (million pounds)

Figure 3-21 | US Cellulose Insulation Market Share by Company, 2016 (million dollars)

Figure 3-22 | Mineral Wool Insulation Market Share, 2006 - 2021 (percent of total insulation demand)

Figure 3-23 | US Mineral Wool Market Share by Company, 2016 (million dollars)

Figure 3-24 | US Reflective Insulation & Radiant Barrier Market Share by Company, 2016 (million dollars)

Figure 3-25 | Other Insulation Market Share, 2006 - 2021 (percent of total insulation demand)

Figure 3-26 | Other Insulation Demand by Material, 2016 (million pounds)

MARKETS

Figure 4-1 | US Insulation Market, 2006 - 2021

Figure 4-2 | Insulation Volume Demand by Market, 2016 (bil sq ft R-1)

Figure 4-3 | Insulation Value Demand by Market, 2016 (billion dollars)

Figure 4-4 | Residential Insulation Volume Demand Versus New Floor Space, 2006 - 2021 (million square feet)

Figure 4-5 | Residential Building Insulation Demand Versus Residential Building Construction, 2006 - 2021 (million dollars)

Figure 4-6 | New Housing Insulation Demand Versus Conventional Housing Starts, 2006 - 2021

Figure 4-7 | Residential Insulation Material Cost Comparison, 2016 ($/000 square feet R-1 value)

Figure 4-8 | Commercial Insulation Demand Versus Nonresidential Building Construction Expenditures, 2006 - 2021

Figure 4-9 | Commercial Building Insulation Demand by Project Type, 2006 - 2021

Figure 4-10 | Commercial Building Insulation Material Cost Comparison, 2016 ($/000 square feet R-1 value)

Figure 4-11 | Industrial & HVAC Equipment Insulation Demand by Application, 2016 (bil sq ft R-1)

Figure 4-12 | Industrial & HVAC Equipment Insulation Material Cost Comparison, 2016 ($/000 square feet R-1 value)

REGIONS

Figure 5-1 | Regional Insulation Demand Trends, 2006 - 2021 (percent of total value demand)

Figure 5-2 | Northeast Insulation Demand Versus Northeast Construction Expenditures, 2006 - 2021

Figure 5-3 | Midwest Insulation Demand Versus Midwest Construction, 2006 - 2021

Figure 5-4 | South Insulation Demand Versus South Construction, 2006 - 2021

Figure 5-5 | West Insulation Demand Versus West Construction, 2006 - 2021

INDUSTRY STRUCTURE

Figure 6-1 | US Insulation Market Share by Company, 2016 (billion dollars)

Figure 6-2 | Leading US Insulation Supplier, 2016

Figure 6-3 | Second Leading US Insulation Supplier, 2016

Figure 6-4 | Third Leading US Insulation Supplier, 2016

Figure 6-5 | Fourth Leading US Insulation Supplier, 2016

Figure 6-6 | Fifth Leading US Insulation Supplier, 2016

APPENDIX

Figure 7-1 | Annual Growth in Real GDP, 2000 - 2016, Compared to 1980 - 2005 Average (percent)

Figure 7-2 | Annual Population Growth, 2001 - 2016 (percent)

Figure 7-3 | New Housing Square Footage by Housing Type, 2001 - 2016

Figure 7-4 | Housing Stock by Year of Construction, 2016 (percent)


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