Reportlinker Issues New Study on Global Insulation Market
The world's largest economies may discover the wisdom of using top-notch insulation, such as spray foam
Reportlinker has issued a new analysis of the global market for insulation products, which research shows will increase at a rate of about 5 percent annually through 2014.
Much of the recovery in the demand for insulation products will come from the U.S., which is in the midst of two critical shifts. First, some momentum is returning to a formerly moribund and stagnant housing market, boosting demand for all kinds of insulation products.
Secondly, a shift towards more efficient and energy-saving building techniques has accelerated the adoption of better insulation technologies, like spray foam insulation. That's why Reportlinker's research shows that foamed plastics will be among the fastest-growing sectors of the overall insulation market.
An unrelated report by Global Industry Analysts suggests that the global market for foamed plastics will reach 9.6 million tons by the year 2015.
Another big factor lies in China, where construction on millions of new structures continues apace. Indeed, some worry that the Chinese real estate market could be headed for an overheated state. For now, however, the demand for building materials in the Middle Kingdom is so strong that between 2009 and 2014, it will account for nearly 30 percent of all new insulation demand.
China just surpassed Japan as the world's second-largest economy; and as it dedicates itself more and more to renewable energy sources like solar panels and wind turbines, it may also discover the wisdom of using top-notch insulation such as spray foam.