by Corinne Gangloff
December 14, 2018
Foamed plastic insulation accounted for the largest share of the market in value terms in 2017. This type of insulation is used in all geographic regions and major end-use markets. Polystyrene, polyurethane, and phenolic foams (in both boards and spray-on applications) are the most common foamed plastic insulation products. These and other trends are presented in Global Insulation, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Through 2022, foamed plastic is expected to be the fastest growing insulation product, advancing 4.9% annually. Growth will be driven by:
Global demand for all types of insulation is forecast to rise 4.3% per year to $55.2 billion in 2022, when sales in volume terms, excluding reflective insulation and radiant barriers, will total 31.7 million metric tons.
Global Insulation (published 11/2018, 388 pages) is available for $6600 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/World-Insulation.html.
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