Insulation

As Quoted In Plasteurope.com

Growth will be driven by a general increase in building construction spending, as well as by changes in building codes and construction practices that call for greater energy efficiency.

US demand to rise 7.6% annually through 2017

US demand for insulation is projected to advance 7.6 percent annually to $10.3 billion in 2017. Growth will be given a big lift from a general increase in building construction spending from a low 2012 base. Gains will also be boosted by changes in building codes and construction practices that call for structures to use energy more efficiently. Such measures as the 2012 International Energy Conservation Code (IECC) and the most recent Leadership in Energy and Environmental Design set of codes -- LEEDv4 -- will spur construction professionals to add more insulation to reduce energy consumption.

Gains in residential market to outpace nonresidential

The residential market is forecast to see double-digit annual insulation demand advances through 2017, spurred by a strong rebound in housing starts. Not only will more houses be erected, but builders will install more insulation per new structure to comply with the 2012 IECC. Residential insulation demand will also be supported by efforts to upgrade insulation in existing houses, as home-owners opt to reduce utility bills by adding insulation to attics and walls, and by sealing gaps to prevent air leaks.

Demand for insulation in the nonresidential market will see solid growth through 2017, spurred by rising nonresidential building construction, particularly in the office and commercial segments. Advances will be further boosted by increasing interest in green building practices, such as those put forth by the LEED rating system, that call for the use of more insulation with higher R-values. Not only does the increased insulation reduce utility bills, but many business owners find an environmentally friendly reputation to be important in attracting customers.

Fiberglass insulation to remain market leader

Fiberglass insulation accounted for just under one-half of insulation demand by value in 2012. Fiberglass insulation will remain the market leader through 2017, with growth in building construction expenditures spurring demand. The material’s low cost, insulative properties, fire resistance, and ease of installation make fiberglass insulation a popular choice with construction professionals and do-it-yourself homeowners.

Demand for foamed plastic insulation, which accounted for the second largest share of the market in 2012, is forecast to grow at near the industry average annual rate through 2017. Rebounding building construction will boost demand. Foamed plastics have traditionally been used more extensively in the nonresidential market, but the residential market will offer solid growth prospects going forward.

Study coverage

Details on these and other findings are contained in the Freedonia industry study, Insulation. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 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 region.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry players, including Owens Corning, Johns Manville and CertainTeed.

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Purchase Insulation by the Section

  1. Insulation

    $5,300.00

    1. 1 INTRODUCTION

      $86.00

    2. 2 EXECUTIVE SUMMARY

      $114.00

      1. Table | INSULATION DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $1,925.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Environment

        $168.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Demographic Trends

        $177.00

        1. Table | POPULATION & HOUSEHOLDS (million persons)

      4. 3.4 Consumer Trends

        $267.00

        1. 3.4.1 Consumer Spending

          $112.00

          1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion dollars)

        2. 3.4.2 Consumer Financing

          $142.00

          1. Table | CONSUMER FINANCING ENVIRONMENT, 2002-2012

      5. 3.5 Building Construction

        $740.00

        1. Table | BUILDING CONSTRUCTION EXPENDITURES (billion dollars)

        2. 3.5.1 Residential Buildings

          $490.00

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

          2. Table | NEW HOUSING INDICATORS

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

          4. Table | YEAR OF CONSTRUCTION OF HOUSING STOCK, 2012 (131.8 million units)

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

        3. 3.5.2 Nonresidential Buildings

          $168.00

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

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

      6. 3.6 Manufacturing Outlook

        $165.00

        1. Table | MANUFACTURERS' SHIPMENTS (billion dollars)

      7. 3.7 Pricing

        $82.00

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

      8. 3.8 Historical Market Trends

        $120.00

        1. Table | INSULATION MARKET, 2002-2012

        2. Table | INSULATION MARKET, 2003-2012 (percent change)

      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

      $1,161.00

      1. 4.1 General

        $82.00

      2. 4.2 R-Values

        $82.00

      3. 4.3 Material Variations in Thermal Resistance

        $82.00

        1. Table | INSULATION R-VALUES BY MATERIAL

      4. 4.4 Environmental & Regulatory Issues

        $888.00

        1. 4.4.1 Building Codes

          $102.00

        2. 4.4.2 Energy Efficiency Tax Credits

          $84.00

        3. 4.4.3 Green Building

          $166.00

        4. 4.4.4 Climate Change

          $82.00

        5. 4.4.5 Indoor Air Quality

          $82.00

        6. 4.4.6 Renewable Resources & Recycling

          $170.00

        7. 4.4.7 Health & Safety Issues

          $190.00

      5. 4.5 Insulation Demand

        $95.00

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

    5. 5 PRODUCTS

      $3,008.00

      1. 5.1 General

        $170.00

        1. Table | INSULATION DEMAND* (million pounds)

        2. Table | INSULATION DEMAND BY MATERIAL, 2012 (6.8 billion pounds)

      2. 5.2 Fiberglass

        $616.00

        1. 5.2.1 Materials

          $94.00

        2. 5.2.2 Product Forms

          $207.00

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

        3. 5.2.3 Markets

          $262.00

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

      3. 5.3 Foamed Plastics

        $877.00

        1. 5.3.1 Product Forms

          $175.00

        2. 5.3.2 Markets

          $98.00

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

        3. 5.3.3 Resins

          $577.00

          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

        $272.00

        1. 5.4.1 Product Forms

          $120.00

          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

        $314.00

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

        2. 5.5.1 Product Forms

          $94.00

          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

        $273.00

        1. Table | REFLECTIVE 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

        $485.00

        1. 5.7.1 Materials

          $286.00

          1. Table | OTHER INSULATION 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

          $90.00

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

    6. 6 MARKETS

      $2,169.00

      1. 6.1 General

        $234.00

        1. 6.1.1 Demand by Market Value

          $82.00

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

          2. Table | INSULATION MARKETS BY MARKET VALUE, 2012 ($7.1 billion)

        2. 6.1.2 Demand by R-1 Value

          $99.00

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

          2. Table | INSULATION DEMAND* BY R-1 VALUE, 2012 (233.6 billion square feet R-1)

      2. 6.2 Residential Buildings

        $934.00

        1. 6.2.1 Materials

          $184.00

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

        2. 6.2.2 Dollars/R-Value Comparison

          $128.00

          1. Table | COST/R-VALUE COMPARISON OF RESIDENTIAL INSULATION MATERIALS, 2012 ($/000 square feet of R-1 value)

        3. 6.2.3 Applications

          $541.00

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

          2. Table | NEW HOUSING APPLICATIONS* FOR INSULATION (billion square feet R-1)

          3. Table | RESIDENTIAL ATTIC REINSULATION APPLICATIONS* FOR INSULATION (billion square feet R-1)

          4. Table | RESIDENTIAL IMPROVEMENT & REPAIR APPLICATIONS* FOR INSULATION (billion square feet of R-1)

      3. 6.3 Nonresidential Buildings

        $499.00

        1. 6.3.1 Materials

          $134.00

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

        2. 6.3.2 Dollars/R-Value Comparison

          $111.00

          1. Table | COST/R-VALUE COMPARISON OF NONRESIDENTIAL INSULATION MATERIALS, 2012 ($/000 square feet of R-1 value)

        3. 6.3.3 Applications

          $202.00

          1. Table | NONRESIDENTIAL MARKET* FOR INSULATION BY APPLICATION & TYPE (billion square feet of R-1)

      4. 6.4 Industrial & HVAC Equipment

        $337.00

        1. 6.4.1 Materials

          $100.00

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

        2. 6.4.2 Dollars/R-Value Comparison

          $82.00

          1. Table | COST/R-VALUE COMPARISON OF INDUSTRIAL & HVAC INSULATION MATERIALS, 2012 ($/000 square feet of R-1 value)

        3. 6.4.3 Applications

          $100.00

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

      5. 6.5 Other Insulation Markets

        $164.00

        1. 6.5.1 Materials

          $82.00

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

        2. 6.5.2 Applications

          $82.00

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

    7. 7 REGIONS

      $1,763.00

      1. 7.1 General

        $82.00

      2. 7.2 Regional Demographic & Economic Activity

        $501.00

        1. 7.2.1 Population Patterns

          $136.00

          1. Table | POPULATION BY REGION (million persons)

        2. 7.2.2 Economic Outlook

          $128.00

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

        3. 7.2.3 Construction Activity

          $88.00

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

        4. 7.2.4 Housing Trends

          $121.00

          1. Table | REGIONAL HOUSING INDICATORS (thousand units)

      3. 7.3 Regional Insulation Demand

        $1,196.00

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

        2. Table | INSULATION DEMAND BY REGION, 2012 ($7.1 billion)

        3. 7.3.1 Northeast

          $262.00

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

        4. 7.3.2 Midwest

          $299.00

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

        5. 7.3.3 South

          $331.00

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

        6. 7.3.4 West

          $238.00

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

    8. 8 INDUSTRY STRUCTURE

      $4,631.00

      1. 8.1 General

        $82.00

      2. 8.2 Industry Composition

        $170.00

        1. Table | INSULATION REVENUES FOR SELECTED MANUFACTURERS, 2012 (million dollars)

      3. 8.3 Market Share

        $243.00

        1. Table | INSULATION MARKET SHARE, 2012 ($7.1 billion)

      4. 8.4 Manufacturing & Product Development

        $111.00

      5. 8.5 Competitive Strategies

        $188.00

      6. 8.6 Marketing & Distribution

        $163.00

      7. 8.7 Acquisitions & Divestitures

        $82.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      8. 8.8 Cooperative Agreements

        $90.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 8.9 Company Profiles

        $3,507.00

        1. 8.9.1 Advanced Fiber Technology

          $82.00

        2. 8.9.2 Armacell International Holding GmbH

          $82.00

        3. 8.9.3 BASF SE

          $170.00

        4. 8.9.4 Bayer AG

          $82.00

        5. 8.9.5 Berkshire Hathaway Incorporated

          $266.00

        6. 8.9.6 Bridgestone Corporation

          $82.00

        7. 8.9.7 Carlisle Companies Incorporated

          $230.00

        8. 8.9.8 Carpenter Company

          $82.00

        9. 8.9.9 Covertech Fabricating Incorporated

          $82.00

        10. 8.9.10 Dow Chemical Company

          $265.00

        11. 8.9.11 Dyplast Products LLC

          $82.00

        12. 8.9.12 Evonik Industries AG

          $82.00

        13. 8.9.13 Fi-Foil Company Incorporated

          $82.00

        14. 8.9.14 Grace (WR) &Company

          $82.00

        15. 8.9.15 Guardian Industries Corporation

          $94.00

        16. 8.9.16 Homasote Company

          $82.00

        17. 8.9.17 Hood Companies

          $122.00

        18. 8.9.18 Innovative Energy Incorporated

          $86.00

        19. 8.9.19 Innovative Insulation Incorporated

          $82.00

        20. 8.9.20 Insulation Solutions Incorporated

          $82.00

        21. 8.9.21 Knauf Gips KG

          $99.00

        22. 8.9.22 Louisiana-Pacific Corporation

          $86.00

        23. 8.9.23 Materis

          $82.00

        24. 8.9.24 Owens Corning

          $203.00

        25. 8.9.25 PFB Corporation

          $84.00

        26. 8.9.26 Polyair Inter Pack Incorporated

          $82.00

        27. 8.9.27 PPG Industries Incorporated

          $85.00

        28. 8.9.28 Pregis Corporation

          $82.00

        29. 8.9.29 Reynolds Group Holdings Limited

          $82.00

        30. 8.9.30 Rmax Incorporated

          $82.00

        31. 8.9.31 ROCKWOOL International A/S

          $169.00

        32. 8.9.32 RPM International Incorporated

          $82.00

        33. 8.9.33 Saint-Gobain

          $137.00

        34. 8.9.34 Sealed Air Corporation

          $82.00

        35. 8.9.35 Sonoco Products Company

          $82.00

        36. 8.9.36 Specialty Vermiculite Corporation

          $82.00

        37. 8.9.37 Sto AG

          $82.00

      10. 8.10 Other Companies Mentioned in Study

        $82.00

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