Commercial Insulation

Report Overview

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Rising Construction Activity and Energy Efficiency Regulations Driving Demand

Demand for insulation in the commercial building market is forecast to increase 3.0% annually through 2022 to $3.1 billion.

Gains will be supported by:

• healthy growth in office, retail, lodging, and institutional construction, as these structures use insulation intensively
• concerns about reducing utility costs and minimizing energy consumption
• the continued acceptance of green building codes such as LEED

Key Findings in the Commercial Insulation Study:

Foamed Plastics and Fiberglass Drive Commercial Insulation Market

Foamed plastic and fiberglass insulation dominate the commercial market. All other insulation materials hold comparatively small market shares. Through 2022, foamed plastic and fiberglass insulation will continue to lead the commercial market.

Measured by both weight and value, foamed plastics represent the largest share of the commercial market. These materials see widespread use as insulation in low-slope roofing and are often specified for use in structures made from concrete.

Offices to be Fastest Growing Building Type

The office building insulation market is projected to rise at the fastest pace of all building types through 2022, driven by:

• healthy growth in office building construction expenditures
• the increasing use of prefabricated concrete structures in office applications, which will boost consumption of rigid fiberglass and polystyrene boards as these product forms can be attached to those components
• the expansion of the office building stock, promoting both new and retrofit insulation demand

Study Coverage

This industry study presents historical demand data (2007, 2012, and 2017) and forecasts for 2022 by material (foamed plastic, fiberglass, mineral wool, cellulose, and other materials), by building type (office, retail and lodging, institutional, industrial, and other commercial buildings), by project type (new and retrofit), by region (Northeast, Midwest, South, and West), and by subregion. The study also evaluates company market share and provides analysis on industry competitors including BASF, Johns Manville, Carlisle, DowDuPont, Firestone Building Products, Atlas Roofing, Huntsman, Kingspan, Knauf Insulation, Owens Corning, Rock Wool Manufacturing, ROCKWOOL International, CertainTeed, International Cellulose, Nu-Wool, Applegate Insulation and US Greenfiber.