Freedonia In The News
Article Title: CHINA INSULATION MARKET
Publication: Plastics Information Europe, 1/17/2013
Freedonia Study: Insulation in China (2932)
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Chinese demand for insulation materials is predicted to grow at 9.4% per year up to 2016, when it will reach RMB 65.7 bn (about EUR 7.8 bn), a new study by market researcher Freedonia (Cleveland, Ohio / USA; www.freedonia.com) has found. The total market value stood at EUR 5 bn in 2011, with most gains in the coming years driven by rising construction and manufacturing output. A key driver will be new building codes that call for the reduction of energy consumption on building applications and the attempt to reduce energy use during manufacturing.
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