Insulation

A rebound in building construction expenditures, changes in building codes and consumer interest in reducing energy consumption and utility bills will spur US demand for insulation.

US demand to approach $9 billion in 2016

US demand for insulation is forecast to rise 7.8 percent annually to $8.9 billion in 2016. Gains will be driven by a rebound in building construction expenditures from a depressed 2011 base. Further growth will be spurred by changes in building codes and continuing consumer interest in reducing energy consumption and utility bills. Home owners and building owners will add or upgrade insulation to achieve these goals.

Residential market to offer most rapid growth

The residential market will post the most rapid gains through 2016, advancing at a double-digit pace as housing starts rebound. Moreover, builders will construct homes with larger amounts of insulation to make them more desirable to potential buyers. Residential insulation demand will also be aided by the attic reinsulation and home improvement and replacement markets. The large stock of older US homes -- many of which are underinsulated -- will offer growth potential as home owners add insulation to attics, walls and basements to lower utility bills.

Insulation demand in the nonresidential market will also register solid advances. Rebounding nonresidential building construction expenditures, particularly in the office and commercial segments, will promote gains. Continuing interest in environmentally friendly construction practices will boost insulation use, as building codes and “green” building standards call for using more insulation to reduce energy consumption. Industrial insulation demand will be supported by rising industrial construction spending.

Fiberglass insulation to remain dominant

Fiberglass insulation accounted for the largest share of insulation demand in 2011 with 48 percent of the market by value. Fiberglass insulation will remain the market leader in 2016, with growth spurred by a rebound in the residential market. Fiberglass insulation remains a popular choice with builders and contractors due to its low cost, favorable insulative properties and ready availability.

Demand for foamed plastic insulation, the second largest insulation type used in 2011, will experience gains driven by the rebound in building construction spending. Further growth will come from building code changes that call for structures to be better sealed against leaks. Foamed plastics are well suited to seal hard-to-reach areas such as crawl spaces.

Demand for radiant barrier and reflective insulation is forecast to benefit from the rebounding housing market, with further growth supported by gains in industrial and nonresidential building construction spending. Growth will be strongest in the South and West regions, as structures in those regions are exposed to more sunlight, and thus best benefit from their use.

Study Scope

This study analyzes the $6.1 billion US insulation industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., fiberglass, foamed plastics, cellulose, mineral wool, reflective insulation and radiant barriers), market (e.g., residential buildings, nonresidential buildings, industrial and HVAC equipment) and US geographic region.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 34 industry players, including Owens Corning, Johns Manville and CertainTeed.

Back to Top

Purchase Insulation by the Section

  1. Insulation

    $5,100.00

    1. 1 INTRODUCTION

      $82.00

    2. 2 EXECUTIVE SUMMARY

      $103.00

      1. Table | INSULATION DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $2,066.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Environment

        $152.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Demographic Outlook

        $175.00

        1. Table | POPULATION & HOUSEHOLDS (million persons)

      4. 3.4 Consumer Trends

        $285.00

        1. 3.4.1 Personal Income & Expenditures

          $113.00

          1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion dollars)

        2. 3.4.2 Consumer Financing

          $160.00

          1. Table | CONSUMER FINANCING ENVIRONMENT, 2001-2011

      5. 3.5 Building Construction

        $780.00

        1. Table | BUILDING CONSTRUCTION EXPENDITURES (billion dollars)

        2. 3.5.1 Residential Buildings

          $500.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion dollars)

          2. Table | HOUSING STARTS (thousand units)

          3. Table | HOUSING STOCK BY TYPE (million units)

          4. Table | RESIDENTIAL IMPROVEMENT & REPAIR EXPENDITURES (billion dollars)

        3. 3.5.2 Nonresidential Buildings

          $167.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion dollars)

          2. Table | NONRESIDENTIAL BUILDING IMPROVEMENT & REPAIR EXPENDITURES (billion dollars)

      6. 3.6 Manufacturing Outlook

        $167.00

        1. Table | MANUFACTURERS' SHIPMENTS (billion dollars)

      7. 3.7 Pricing

        $164.00

        1. Table | AVERAGE INSULATION PRICES (dollars per pound)

      8. 3.8 Historical Market Overview

        $121.00

        1. Table | INSULATION MARKET, 2001-2011

      9. 3.9 Foreign Trade

        $90.00

        1. Table | INSULATION FOREIGN TRADE (million dollars)

      10. 3.10 World Insulation Overview

        $82.00

    4. 4 OVERVIEW

      $915.00

      1. 4.1 General

        $82.00

      2. 4.2 R-Values

        $82.00

      3. 4.3 Material Variations in Thermal Resistance

        $87.00

        1. Table | INSULATION R-VALUES BY MATERIAL

      4. 4.4 Environmental & Regulatory Issues

        $656.00

        1. 4.4.1 Energy Efficiency Considerations

          $96.00

        2. 4.4.2 Green Building Considerations

          $109.00

        3. 4.4.3 Climate Change Issues

          $82.00

        4. 4.4.4 Indoor Air Quality Issues

          $82.00

        5. 4.4.5 Renewable Resources & Recycling Considerations

          $148.00

        6. 4.4.6 Materials-Based Considerations

          $136.00

      5. 4.5 Insulation Demand

        $82.00

        1. Table | INSULATION DEMAND BY VALUE (million dollars)

    5. 5 PRODUCTS

      $2,646.00

      1. 5.1 General

        $113.00

        1. Table | INSULATION DEMAND BY MATERIAL (million pounds)

      2. 5.2 Fiberglass

        $559.00

        1. 5.2.1 Materials

          $101.00

        2. 5.2.2 Product Forms

          $172.00

          1. Table | FIBERGLASS INSULATION DEMAND BY PRODUCT FORM (million pounds)

        3. 5.2.3 Markets

          $241.00

          1. Table | FIBERGLASS INSULATION DEMAND BY MARKET (million pounds)

      3. 5.3 Foamed Plastics

        $751.00

        1. 5.3.1 Product Forms

          $142.00

        2. 5.3.2 Markets

          $82.00

          1. Table | FOAMED PLASTIC INSULATION DEMAND BY MARKET (million pounds)

        3. 5.3.3 Resins

          $501.00

          1. Table | FOAMED PLASTIC INSULATION DEMAND BY RESIN (million pounds)

          2. Table | RIGID URETHANE FOAM INSULATION DEMAND BY PRODUCT (million pounds)

          3. Table | RIGID URETHANE FOAM INSULATION DEMAND BY MARKET (million pounds)

          4. Table | POLYSTYRENE FOAM INSULATION DEMAND BY PRODUCT (million pounds)

          5. Table | POLYSTYRENE FOAM INSULATION DEMAND BY MARKET (million pounds)

          6. Table | OTHER FOAMED PLASTIC INSULATION DEMAND BY MARKET (million pounds)

      4. 5.4 Cellulose

        $230.00

        1. 5.4.1 Product Forms

          $99.00

          1. Table | CELLULOSE INSULATION DEMAND BY PRODUCT FORM (million pounds)

        2. 5.4.2 Markets

          $82.00

          1. Table | CELLULOSE INSULATION DEMAND BY MARKET (million pounds)

      5. 5.5 Mineral Wool

        $285.00

        1. Table | MINERAL WOOL INSULATION DEMAND BY MATERIAL (million pounds)

        2. 5.5.1 Product Forms

          $83.00

          1. Table | MINERAL WOOL INSULATION DEMAND BY PRODUCT FORM (million pounds)

        3. 5.5.2 Markets

          $82.00

          1. Table | MINERAL WOOL INSULATION DEMAND BY MARKET (million pounds)

      6. 5.6 Reflective Insulation & Radiant Barriers

        $246.00

        1. Table | REFLECTVE INSULATION & RADIANT BARRIER DEMAND BY TYPE (million dollars)

        2. 5.6.1 Product Forms

          $82.00

        3. 5.6.2 Markets

          $82.00

          1. Table | REFLECTIVE INSULATION & RADIANT BARRIER DEMAND BY MARKET (million dollars)

      7. 5.7 Other Insulation

        $462.00

        1. 5.7.1 Materials

          $283.00

          1. Table | OTHER INSULATION MATERIALS DEMAND BY MATERIAL (million pounds)

        2. 5.7.2 Product Forms

          $82.00

          1. Table | OTHER INSULATION MATERIALS DEMAND BY PRODUCT FORM (million pounds)

        3. 5.7.3 Markets

          $82.00

          1. Table | OTHER INSULATION MATERIALS DEMAND BY MARKET (million pounds)

    6. 6 MARKETS

      $1,910.00

      1. 6.1 General

        $192.00

        1. 6.1.1 Demand by Market Value

          $82.00

          1. Table | INSULATION MARKETS BY DOLLAR VALUE (million dollars)

        2. 6.1.2 Demand by R-1 Value

          $90.00

          1. Table | INSULATION MARKETS BY R-1 VALUE (billion square feet R-1)

      2. 6.2 Residential Buildings

        $751.00

        1. 6.2.1 Materials

          $143.00

          1. Table | RESIDENTIAL MARKET INSULATION DEMAND BY MATERIAL (million dollars)

        2. 6.2.2 Dollars/R-Value Comparison

          $125.00

        3. 6.2.3 Applications

          $446.00

          1. Table | RESIDENTIAL BUILDINGS MARKET FOR INSULATION BY APPLICATION (billion square feet R-1)

          2. Table | NEW HOUSING INSULATION DEMAND BY MATERIAL (billion square feet R-1)

          3. Table | RESIDENTIAL ATTIC REINSULATION DEMAND BY MATERIAL (billion square feet R-1)

          4. Table | RESIDENTIAL IMPROVEMENT & REPLACEMENT APPLICATIONS FOR INSULATION BY MATERIAL (billion square feet R-1)

      3. 6.3 Nonresidential Buildings

        $477.00

        1. 6.3.1 Materials

          $117.00

          1. Table | NONRESIDENTIAL BUILDINGS INSULATION DEMAND BY MATERIAL (million dollars)

        2. 6.3.2 Dollars/R-Value Comparison

          $99.00

        3. 6.3.3 Applications

          $199.00

          1. Table | NONRESIDENTIAL BUILDINGS INSULATION DEMAND BY APPLICATION & TYPE (billion square feet R-1)

      4. 6.4 Industrial & HVAC Equipment

        $306.00

        1. 6.4.1 Materials

          $86.00

          1. Table | INDUSTRIAL & HVAC EQUIPMENT MARKET FOR INSULATION BY MATERIAL (million dollars)

        2. 6.4.2 Dollar/R-Value Comparison

          $82.00

        3. 6.4.3 Applications

          $116.00

          1. Table | INDUSTRIAL & HVAC INSULATION MARKETS BY APPLICATION (billion square feet R-1)

      5. 6.5 Other Insulation Markets

        $185.00

        1. 6.5.1 Materials

          $82.00

          1. Table | OTHER INSULATION MARKETS DEMAND BY MATERIAL (million dollars)

        2. 6.5.2 Applications

          $94.00

          1. Table | OTHER INSULATION MARKETS DEMAND BY APPLICATION (billion square feet R-1)

    7. 7 REGIONS

      $1,514.00

      1. 7.1 General

        $82.00

      2. 7.2 Regional Demographic & Economic Activity

        $404.00

        1. 7.2.1 Population Patterns

          $103.00

          1. Table | POPULATION BY REGION (million persons)

        2. 7.2.2 Economic Outlook

          $98.00

          1. Table | GROSS DOMESTIC PRODUCT BY REGION (billion dollars)

        3. 7.2.3 Construction Activity

          $82.00

          1. Table | CONSTRUCTION EXPENDITURES BY REGION (billion dollars)

        4. 7.2.4 Housing Trends

          $96.00

          1. Table | REGIONAL HOUSING INDICATORS (thousand units)

      3. 7.3 Regional Insulation Demand

        $1,036.00

        1. Table | INSULATION DEMAND BY REGION (million dollars)

        2. 7.3.1 Northeast

          $212.00

          1. Table | NORTHEAST INSULATION DEMAND BY SUBREGION & MARKET (million dollars)

        3. 7.3.2 Midwest

          $226.00

          1. Table | MIDWEST INSULATION DEMAND BY SUBREGION & MARKET (million dollars)

        4. 7.3.3 South

          $313.00

          1. Table | SOUTH INSULATION DEMAND BY SUBREGION & MARKET (million dollars)

        5. 7.3.4 West

          $241.00

          1. Table | WEST INSULATION DEMAND BY SUBREGION & MARKET (million dollars)

    8. 8 INDUSTRY STRUCTURE

      $5,073.00

      1. 8.1 General

        $82.00

      2. 8.2 Industry Composition

        $173.00

        1. Table | INSULATION REVENUES FOR SELECTED MANUFACTURERS, 2011 (million dollars)

      3. 8.3 Market Share

        $179.00

      4. 8.4 Manufacturing & Product Development

        $138.00

      5. 8.5 Competitive Strategies

        $168.00

      6. 8.6 Marketing & Distribution

        $150.00

      7. 8.7 Acquisitions & Divestitures

        $82.00

      8. 8.8 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 8.9 Company Profiles

        $4,047.00

        1. 8.9.1 Armacell International Holding GmbH

          $96.00

        2. 8.9.2 BASF SE

          $218.00

        3. 8.9.3 Bayer AG

          $82.00

        4. 8.9.4 Berkshire Hathaway Incorporated

          $310.00

        5. 8.9.5 Bridgestone Corporation

          $82.00

        6. 8.9.6 Carlisle Companies Incorporated

          $192.00

        7. 8.9.7 Carpenter Company

          $82.00

        8. 8.9.8 Covertech Fabricating Incorporated

          $121.00

        9. 8.9.9 Dow Chemical Company

          $266.00

        10. 8.9.10 Dyplast Products LLC

          $82.00

        11. 8.9.11 Evonik Industries AG

          $95.00

        12. 8.9.12 Fi-Foil Company Incorporated

          $88.00

        13. 8.9.13 Grace (WR) & Company

          $82.00

        14. 8.9.14 Guardian Industries Corporation

          $104.00

        15. 8.9.15 Homasote Company

          $82.00

        16. 8.9.16 Hood Companies

          $112.00

        17. 8.9.17 Innovative Energy Incorporated

          $94.00

        18. 8.9.18 Innovative Insulation Incorporated

          $82.00

        19. 8.9.19 Insulation Solutions Incorporated

          $86.00

        20. 8.9.20 Knauf Gips KG

          $189.00

        21. 8.9.21 Louisiana-Pacific Corporation

          $83.00

        22. 8.9.22 Materis Holding Luxembourg SA

          $124.00

        23. 8.9.23 Owens Corning

          $236.00

        24. 8.9.24 Polyair Inter Pack Incorporated

          $82.00

        25. 8.9.25 PPG Industries Incorporated

          $87.00

        26. 8.9.26 Pregis Corporation

          $82.00

        27. 8.9.27 Reynolds Group Holdings Limited

          $101.00

        28. 8.9.28 Rmax Incorporated

          $94.00

        29. 8.9.29 Rockwool International A/S

          $199.00

        30. 8.9.30 RPM International Incorporated

          $82.00

        31. 8.9.31 Saint-Gobain

          $196.00

        32. 8.9.32 Sealed Air Corporation

          $88.00

        33. 8.9.33 Sonoco Products Company

          $82.00

        34. 8.9.34 Sto AG

          $82.00

        35. 8.9.35 Thermafiber Incorporated

          $86.00

      10. 8.10 Additional Companies Mentioned in Study

        $82.00

Back to Top