Insulation

As Quoted In Plastics News

News Update: NCI Building Systems Expects Growth in Insulated Panels

NCI Building Systems, a large US manufacturer of metal building products, is bullish on the prospects for metal insulated panels going forward. Metal insulated panels provide a high R-value (which represents its thermal insulation property), are durable, and can contribute to LEED certification programs. In addition to these properties, NCI Building Systems believes the reason behind the increased sales of their line of metal insulated panels is their energy efficiency. Going forward, especially strong growth is expected in the nonresidential market, as businesses strive to reduce their energy costs and to comply with energy efficiency regulations.

Key Findings in the Insulation Study

Rising construction activity and a focus on energy efficiency will drive insulation demand

US demand for insulation is forecast to rise 6.6 percent annually through 2019 to $10.3 billion. Resurgent building construction activity will boost insulation demand, aided by the increased adoption of more stringent building codes such as the 2012 International Energy Conservation Code (IECC), which will encourage more insulation use per structure. Efforts to make existing buildings more energy efficient will support improvement and repair demand for insulation.

Residential market to grow at the fastest pace

The residential market will post the most rapid gains through 2019 because of double-digit annual growth in housing starts. While the bulk of the growth in insulation demand will be due to the increased number of new dwellings, additional gains will arise from the installation of more insulation per new structure as more areas of the US begin to comply with the 2012 IECC. Residential insulation demand will also be supported by efforts to upgrade insulation in existing houses, as homeowners seek to reduce utility bills by retrofitting the insulation in their attics and walls in order to increase energy efficiency.

Fiberglass to remain the largest insulation product type

Fiberglass will remain the insulation market leader by weight, with demand reaching 4.5 billion pounds in 2019, valued at $4.9 billion. Double-digit annual growth in new housing starts and overall building construction expenditures will drive gains. Fiberglass insulation remains a popular choice with construction professionals and DIYers because of its low cost, favorable insulative properties, and ease of installation.

Foamed plastic insulation to make inroads in the residential market

Demand for foamed plastic insulation is forecast to grow to 2.4 billion pounds in 2019, valued at $4.7 billion. Foamed plastics have historically been used more extensively in the nonresidential market, as their high R-value makes them desirable to many builders and designers. However, code changes that call for houses to be better sealed to prevent air leaks -- a major focus of the 2012 IECC -- will also boost demand for foamed plastic insulation in the residential market despite its higher cost, as foamed plastic is well suited for sealing between walls and in hard-to-reach-areas, such as crawl spaces.

Study coverage

This Freedonia industry study analyzes the $7.5 billion US insulation industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by product (fiberglass, foamed plastics, cellulose, mineral wood, reflective insulation and radiant barriers), market (residential building, nonresidential building, industrial and HVAC equipment), and region (Northeast, Midwest, South, West). The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 36 industry competitors, including CertainTeed, Dow Chemical, Johns Manville, Knauf Insulation, and Owens Corning.

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Purchase Insulation by the Section

  1. Insulation

    $5,400.00

    1. 1 INTRODUCTION

      $93.00

    2. 2 EXECUTIVE SUMMARY

      $114.00

      1. Table | INSULATION DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,990.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Outlook

        $208.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Demographic Trends

        $169.00

        1. Table | POPULATION & HOUSEHOLDS

      4. 3.4 Consumer Trends

        $248.00

        1. 3.4.1 Consumer Spending

          $110.00

          1. Table | PERSONAL CONSUMPTION EXPENDITURES

        2. 3.4.2 Consumer Financing

          $125.00

          1. Table | CONSUMER FINANCING ENVIRONMENT, 2004-2014

      5. 3.5 Building Construction

        $747.00

        1. Table | BUILDING CONSTRUCTION EXPENDITURES

        2. 3.5.1 Residential Buildings

          $490.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES

          2. Table | NEW HOUSING INDICATORS

          3. Table | HOUSING STOCK BY TYPE

          4. CHART II-1 YEAR OF CONSTRUCTION OF HOUSING STOCK, 2014

          5. Table | RESIDENTIAL IMPROVEMENT & REPAIR EXPENDITURES

        3. 3.5.2 Nonresidential Buildings

          $158.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES

          2. Table | NONRESIDENTIAL BUILDING IMPROVEMENT & REPAIR EXPENDITURES

      6. 3.6 Manufacturing Outlook

        $193.00

        1. Table | MANUFACTURERS' SHIPMENTS

      7. 3.7 Pricing

        $82.00

        1. Table | AVERAGE INSULATION PRICES

      8. 3.8 Historical Market Trends

        $131.00

        1. Table | INSULATION MARKET, 2004-2014

        2. CHART II-2 INSULATION MARKET, 2005-2014

      9. 3.9 Foreign Trade

        $92.00

        1. Table | INSULATION FOREIGN TRADE

      10. 3.10 World Insulation Overview

        $82.00

    4. 4 OVERVIEW

      $1,186.00

      1. 4.1 General

        $82.00

      2. 4.2 R-Values

        $82.00

      3. 4.3 Material Variations in Thermal Resistance

        $83.00

        1. Table | INSULATION R-VALUES BY MATERIAL

      4. 4.4 Environmental & Regulatory Issues

        $910.00

        1. 4.4.1 Building Codes

          $105.00

        2. 4.4.2 Energy Efficiency Tax Credits

          $82.00

        3. 4.4.3 Green Building

          $170.00

        4. 4.4.4 Climate Change

          $82.00

        5. 4.4.5 Indoor Air Quality

          $84.00

        6. 4.4.6 Renewable Resources & Recycling

          $169.00

        7. 4.4.7 Health & Safety Issues

          $202.00

      5. 4.5 Insulation Demand

        $93.00

        1. Table | INSULATION DEMAND BY VALUE

    5. 5 PRODUCTS

      $3,019.00

      1. 5.1 General

        $169.00

        1. Table | INSULATION DEMAND*

        2. CHART IV-1 INSULATION DEMAND BY WEIGHT, 2014

      2. 5.2 Fiberglass

        $613.00

        1. 5.2.1 Materials

          $91.00

        2. 5.2.2 Product Forms

          $210.00

          1. Table | FIBERGLASS INSULATION DEMAND BY PRODUCT FORM

        3. 5.2.3 Markets

          $255.00

          1. Table | FIBERGLASS INSULATION DEMAND BY MARKET

      3. 5.3 Foamed Plastics

        $897.00

        1. 5.3.1 Product Forms

          $182.00

        2. 5.3.2 Markets

          $102.00

          1. Table | FOAMED PLASTIC INSULATION DEMAND BY MARKET

        3. 5.3.3 Resins

          $584.00

          1. Table | FOAMED PLASTIC INSULATION DEMAND BY RESIN

          2. Table | RIGID URETHANE FOAM INSULATION DEMAND BY PRODUCT

          3. Table | RIGID URETHANE FOAM INSULATION DEMAND BY MARKET

          4. Table | POLYSTYRENE FOAM INSULATION DEMAND BY PRODUCT

          5. Table | POLYSTYRENE FOAM INSULATION DEMAND BY MARKET

          6. Table | OTHER FOAMED PLASTIC INSULATION DEMAND BY MARKET

      4. 5.4 Cellulose

        $249.00

        1. 5.4.1 Product Forms

          $85.00

          1. Table | CELLULOSE INSULATION DEMAND BY PRODUCT FORM

        2. 5.4.2 Markets

          $82.00

          1. Table | CELLULOSE INSULATION DEMAND BY MARKET

      5. 5.5 Mineral Wool

        $327.00

        1. Table | MINERAL WOOL INSULATION DEMAND BY MATERIAL

        2. 5.5.1 Product Forms

          $97.00

          1. Table | MINERAL WOOL INSULATION DEMAND BY PRODUCT FORM

        3. 5.5.2 Markets

          $84.00

          1. Table | MINERAL WOOL INSULATION DEMAND BY MARKET

      6. 5.6 Reflective Insulation & Radiant Barriers

        $262.00

        1. Table | REFLECTIVE INSULATION & RADIANT BARRIER DEMAND BY TYPE

        2. 5.6.1 Product Forms

          $82.00

        3. 5.6.2 Markets

          $84.00

          1. Table | REFLECTIVE INSULATION & RADIANT BARRIER DEMAND BY MARKET

      7. 5.7 Other Insulation

        $502.00

        1. 5.7.1 Materials

          $302.00

          1. Table | OTHER INSULATION DEMAND BY MATERIALS

        2. 5.7.2 Product Forms

          $82.00

          1. Table | OTHER INSULATION MATERIALS DEMAND BY PRODUCT FORM

        3. 5.7.3 Markets

          $90.00

          1. Table | OTHER INSULATION MATERIALS DEMAND BY MARKET

    6. 6 MARKETS

      $2,236.00

      1. 6.1 General

        $229.00

        1. 6.1.1 Demand by Market Value

          $82.00

          1. Table | INSULATION DEMAND BY MARKET VALUE

          2. CHART V-1 INSULATION MARKETS BY MARKET VALUE, 2014

        2. 6.1.2 Demand by R-1 Value

          $108.00

          1. Table | INSULATION DEMAND* BY R-1 VALUE

          2. CHART V-2 INSULATION DEMAND* BY R-1 VALUE, 2014

      2. 6.2 Residential Buildings

        $993.00

        1. 6.2.1 Materials

          $199.00

          1. Table | RESIDENTIAL BUILDINGS MARKET FOR INSULATION BY MATERIAL

        2. 6.2.2 Dollars/R-Value Comparison

          $138.00

          1. CHART V-3 COST/R-VALUE COMPARISON OF RESIDENTIAL INSULATION MATERIALS, 2014

        3. 6.2.3 Applications

          $559.00

          1. Table | RESIDENTIAL BUILDINGS MARKET* FOR INSULATION BY APPLICATION

          2. Table | NEW HOUSING APPLICATIONS* FOR INSULATION

          3. Table | RESIDENTIAL ATTIC REINSULATION APPLICATIONS* FOR INSULATION

          4. Table | RESIDENTIAL IMPROVEMENT & REPAIR DEMAND BY MATERIAL* FOR INSULATION

      3. 6.3 Nonresidential Buildings

        $509.00

        1. 6.3.1 Materials

          $134.00

          1. Table | NONRESIDENTIAL BUILDING MARKET FOR INSULATION BY MATERIAL

        2. 6.3.2 Dollars/R-Value Comparison

          $121.00

          1. CHART V-4 COST/R-VALUE COMPARISON OF NONRESIDENTIAL INSULATION MATERIALS, 2014

        3. 6.3.3 Applications

          $200.00

          1. Table | NONRESIDENTIAL BUILDING MARKET* FOR INSULATION BY APPLICATION & TYPE

      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

        2. 6.4.2 Dollars/R-Value Comparison

          $82.00

          1. CHART V-5 COST/R-VALUE COMPARISON OF INDUSTRIAL & HVAC INSULATION MATERIALS, 2014

        3. 6.4.3 Applications

          $101.00

          1. Table | INDUSTRIAL & HVAC INSULATION MARKETS* BY APPLICATION

      5. 6.5 Other Insulation Markets

        $168.00

        1. 6.5.1 Materials

          $82.00

          1. Table | OTHER INSULATION MARKETS BY MATERIAL

        2. 6.5.2 Applications

          $82.00

          1. Table | OTHER INSULATION MARKETS* BY APPLICATION

    7. 7 REGIONS

      $1,857.00

      1. 7.1 General

        $82.00

      2. 7.2 Regional Demographic & Economic Activity

        $548.00

        1. 7.2.1 Population Patterns

          $142.00

          1. Table | POPULATION BY REGION

        2. 7.2.2 Economic Outlook

          $120.00

          1. Table | GROSS DOMESTIC PRODUCT BY REGION

        3. 7.2.3 Construction Activity

          $112.00

          1. Table | CONSTRUCTION EXPENDITURES BY REGION

        4. 7.2.4 Housing Trends

          $144.00

          1. Table | REGIONAL HOUSING INDICATORS

      3. 7.3 Regional Insulation Demand

        $1,241.00

        1. Table | INSULATION DEMAND BY REGION

        2. CHART VI-1 INSULATION DEMAND BY REGION, 2014

        3. 7.3.1 Northeast

          $273.00

          1. Table | NORTHEAST: INSULATION DEMAND BY SUBREGION & MARKET

        4. 7.3.2 Midwest

          $278.00

          1. Table | MIDWEST: INSULATION DEMAND BY SUBREGION & MARKET

        5. 7.3.3 South

          $358.00

          1. Table | SOUTH: INSULATION DEMAND BY SUBREGION & MARKET

        6. 7.3.4 West

          $265.00

          1. Table | WEST: INSULATION DEMAND BY SUBREGION & MARKET

    8. 8 INDUSTRY STRUCTURE

      $4,642.00

      1. 8.1 General

        $82.00

      2. 8.2 Industry Composition

        $159.00

        1. Table | US INSULATION SALES BY COMPANY, 2014

      3. 8.3 Market Share

        $250.00

        1. CHART VII-1 INSULATION MARKET SHARE, 2014

      4. 8.4 Manufacturing & Product Development

        $119.00

      5. 8.5 Competitive Strategies

        $196.00

      6. 8.6 Marketing & Distribution

        $153.00

      7. 8.7 Acquisitions & Divestitures

        $82.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      8. 8.8 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 8.9 Company Profiles

        $3,514.00

        1. 8.9.1 Advanced Fiber Technology Incorporated

          $82.00

        2. 8.9.2 Armacell International SA

          $99.00

        3. 8.9.3 BASF SE

          $154.00

        4. 8.9.4 Bayer AG

          $82.00

        5. 8.9.5 Berkshire Hathaway Incorporated

          $298.00

        6. 8.9.6 Boyd Corporation

          $82.00

        7. 8.9.7 Bridgestone Corporation

          $86.00

        8. 8.9.8 Carlisle Companies Incorporated

          $229.00

        9. 8.9.9 Carpenter Company

          $82.00

        10. 8.9.10 Covertech Fabricating Incorporated

          $82.00

        11. 8.9.11 Dow Chemical Company

          $233.00

        12. 8.9.12 Dyplast Products LLC

          $82.00

        13. 8.9.13 Evonik Industries AG

          $82.00

        14. 8.9.14 Fi-Foil Company Incorporated

          $82.00

        15. 8.9.15 Guardian Industries Corporation

          $82.00

        16. 8.9.16 Homasote Company

          $82.00

        17. 8.9.17 Hood Companies

          $138.00

        18. 8.9.18 Innovative Energy Incorporated

          $99.00

        19. 8.9.19 Innovative Insulation Incorporated

          $82.00

        20. 8.9.20 Kingspan Group plc

          $119.00

        21. 8.9.21 Knauf Gips KG

          $135.00

        22. 8.9.22 Louisiana-Pacific Corporation

          $82.00

        23. 8.9.23 Owens Corning

          $208.00

        24. 8.9.24 PFB Corporation

          $82.00

        25. 8.9.25 Polyair Inter Pack Incorporated

          $82.00

        26. 8.9.26 PPG Industries Incorporated

          $97.00

        27. 8.9.27 Pregis Corporation

          $82.00

        28. 8.9.28 Reynolds Group Holdings Limited

          $82.00

        29. 8.9.29 Rmax Operating LLC

          $82.00

        30. 8.9.30 ROCKWOOL International A/S

          $163.00

        31. 8.9.31 RPM International Incorporated

          $82.00

        32. 8.9.32 Saint-Gobain

          $140.00

        33. 8.9.33 Sealed Air Corporation

          $95.00

        34. 8.9.34 Sonoco Products Company

          $82.00

        35. 8.9.35 Specialty Vermiculite Corporation

          $82.00

        36. 8.9.36 Sto SE & Company KGaA

          $82.00

      10. 8.10 Other Companies Mentioned in Study

        $82.00

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