Insulation in the US by Material, Market and Region, 12th Edition

NEW YORK, Jan. 18, 2018 /PRNewswire/ — Increasingly Stringent Building Codes and Efforts to Improve Energy Efficiency Fueling Demand for Insulation

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Through 2021, US demand for insulation is forecast to enjoy health gains. Many states are adopting the more recent International Energy Conservation Code (IECC) mandates, which call for nearly 30% more insulation in new housing construction than previous versions. Additionally, rising interest in improving energy efficiency in new and existing structures by adding more insulation, as well green building practices, will support growth in the US insulation market through 2021.

Key Findings in the Insulation study:

Fiberglass & Foamed Plastic Insulation to Remain the Dominant Material Types
Fiberglass will remain the market leader as construction professionals and DIYers continue to favor the material for its low cost, good insulative properties, and ease of installation. Demand for foamed plastics will rise primarily on gains in the commercial building market, where use of these materials predominate due to high R-values.

Sales of foamed plastic insulation are also expected to rise in the residential market, due in part to more stringent building codes calling for improved insulation in homes – a major focus of the International Energy Conservation Code (IECC). Despite its higher cost, homeowners will increasingly specify foamed plastic insulation for its ability to seal between walls and in hard-to-reach areas such as crawl spaces.

Residential Markets Expected to Post Solid Gains
The residential market will post the most rapid gains through 2021. While the bulk of insulation demand will be due to the increased number of new dwellings, additional gains will arise from the installation of a greater amount of insulation per new structure as more areas of the US begin to comply with recent IECC mandates. 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.

Market Continues to be Dominated by Large, Diversified Building Product Manufacturers
More than 100 companies compete in the US insulation materials industry. The four largest suppliers of insulation to the US market – CertainTeed (Saint-Gobain), Johns Manville (Berkshire Hathaway), Knauf Insulation (Knauf Gips), and Owens Corning – accounted for a significant portion of total market sales in 2016.

Study Coverage
This study presents historical demand data (2006, 2011, and 2016) and forecasts for 2021 by material (fiberglass, foamed plastic, mineral wool, cellulose, reflective insulation and radiant barriers, and other materials) and market (residential buildings, commercial buildings, industrial and HVAC equipment, and other markets).

The study also evaluates company market share and analyzes industry competitors including Owens Corning, Knauf Insulation, CertainTeed, DowDuPont, Johns Manville, US Greenfiber, Atlas Roofing, BASF, Covestro AG, ROCKWOOL, Sealed Air, Firestone Building Products, and Carlisle.

Read the full report: https://www.reportlinker.com/p05288418

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