COVID-19 Economic Impact Report: Insulation
The US insulation industry is facing a number of challenges as it deals with the impact of the COVID-19 pandemic. How has the macroeconomic environment changed and what does it mean for the US insulation industry going forward?
COVID-19 Economic Impact Report: Insulation looks at how the expected impact of the pandemic on the current macroeconomic environment in the US compares to other major events since 2000, including the bursting of technology bubble and 9/11 terrorist attack, and the 2007-2009 Great Recession. It also provides a historical view of industry sales since 2000, a look at how the industry is being currently impacted, and estimates for industry sales through 2023.
The major market segments considered were:
- residential buildings, including all single-family (including manufactured homes) and multifamily dwellings, including both new and retrofit applications
- commercial buildings, includes demand for insulation installed during new construction or the retrofit of offices, industrial/manufacturing, retail and wholesale, lodging, educational, healthcare, religious, transportation, and all other commercial buildings
- industrial and plant equipment, both OEM and onsite, including coverings for machinery, boilers, pipes, and tanks
- HVAC/air distribution equipment, both OEM and onsite, including coverings and linings for HVAC equipment and duct work
- appliances, including insulation installed at the manufacturers’ level for refrigerators, freezers, dishwashers, and clothes washers and dryers
- transportation equipment, encompassing OEM demand for insulation in the industries for automotive, aerospace, marine, rail, refrigerated transport vehicles, and all other transportation equipment
- other insulation markets (including insulated coolers and thermoses, insulated packaging, furniture, bedding, nonbuilding/infrastructure construction, and heavy machinery)
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