Global Insulation Market is Expected to Reach USD 56.6 Billion in 2018: Transparency Market Research

   Global Insulation Market is Expected to Reach USD 56.6 Billion in 2018:
                         Transparency Market Research

  PR Newswire

  ALBANY, New York, May 8, 2013

ALBANY, New York, May 8, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (
http://www.transparencymarketresearch.com ) " Global and U.S. Insulation
Market by Type (Fiberglass, Foamed Plastic, Mineral Wool and Other) and
Application (Residential Construction, Nonresidential Construction and
Industrial, HVAC & OEM) - Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2012 - 2018 ," the global market for insulation was valued at USD
32.46 billion in 2011 and is expected to reach USD 56.68 billion by 2018
growing at a CAGR of 8.3% from 2012 to 2018. The U.S. market for insulation
was valued at USD 6.05 billion in 2011 and is expected to reach USD 10.36
billion by 2018, growing at a CAGR of 8% from 2012 to 2018. 

Browse the full report at
http://www.transparencymarketresearch.com/insulation-market.html

The demand for insulation is expected to be driven by the growth of
construction industry in developing countries of Asia Pacific and the growth
of re-insulation market in the developed economies of the U.S. and Europe.
Increasing awareness about the depleting earthly resources and the urgent need
to conserve energy, has manifested into amplified demand for insulation in
homes and offices.

Fiberglass is the most widely used insulation material worldwide and accounted
for more than 43% of the global insulation market in 2011 and approximately
48.3% of the total U.S. market for the same year. Fiberglass is also the
fastest growing insulation material and is expected to grow at a CAGR of 8.9%
from 2012 to 2018. Foamed plastics are the second biggest insulation material
consumed globally as well as in the U.S. and is expected to grow at a steady
pace over the forecast period.

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Residential construction emerged as the leading end use application for
insulation and accounted for approximately half of the total U.S. insulation
market in terms of volume for the year 2011. Nonresidential construction
market for insulation in the U.S. is expected to grow at a CAGR of 5.4% from
2012 to 2018.

Asia Pacific was the biggest consumer of insulation material and accounted for
more than 40% of the global market in 2011. Asia Pacific is also expected to
be the fastest growing market for insulation at a CAGR of 9.2% from 2012 to
2018. The North American market for insulation is also expected to grow at a
healthy pace over the forecast period.

Some of the leading companies operating in the global and in the U.S.
insulation market include Owens Corning, Certain Teed, Johns Manville,
Huntsman Corporation, Guardian Building Products, Knauf Gips KG, Dow Building
Solutions, and Rockwool International among others.

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The report segments the insulation market as described below:

  *Global Insulation Market, by Product Type
  *Fiberglass
  *Foamed Plastic
  *Mineral Wool
  *Other (including Cotton Wool, Wool Slag etc.)
  *Global Insulation Market, by Geography 

       *North America
       *Europe
       *Asia Pacific
       *Rest of the World

  *U.S. Insulation Market, by Product Type
  *Fiberglass
  *Foamed Plastic
  *Mineral Wool
  *Other (including Cotton Wool, Wool Slag etc.)
  *U.S. Insulation Market, by Application

       *Residential Construction
       *Industrial, HVAC and OEM
       *Nonresidential Construction

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