Home > > > > Report Detail

Insulation to 2019

Publisher Name :
Date: 25-Sep-2015
No. of pages: 353
Inquire Before Buying

US demand to rise 7% annually through 2019

US demand for insulation is forecast to rise 7.0 percent annually through 2019 to $10.4 billion in 2019. Resurgent building construction activity will boost insulation demand, aided by the adoption of more stringent building codes such as the 2012 International Energy Conservation Code (IECC), which will encourage more insulation use per structure. Efforts to make existing buildings more energy efficient will support improvement and replacement demand for insulation.

Residential market to be fastest growing

The residential market is expected to post the most rapid gains through 2019 based on double-digit annual growth in housing starts. While the bulk of incremental insulation demand will be due to the increased number of new dwellings, additional gains will arise from the installation of more new insulation per structure as more areas of the US begin to comply with the 2012 IECC. 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.

Nonresidential market to recover from recent declines

Through 2019, insulation demand in the nonresidential market is expected to recover from the declines posted between 2009 and 2014, spurred by a rebound in nonresidential building construction expenditures, particularly in the office and commercial segments. Increased interest in green building practices, such as those outlined by the Leadership in Energy and Environmental Design (LEED) rating system, will boost demand for more insulation with higher R-values.

Fiberglass insulation to remain largest segment

Fiberglass insulation accounted for the largest share of insulation demand in 2014 with 48 percent of the market by value. Through 2019, fiberglass will remain the market leader, with demand reaching $5.0 billion. Double-digit annual growth in building construction expenditures will drive gains. Fiberglass insulation remains a popular choice with construction professionals and DIYers because of its low cost, favorable insu-lative properties, and ease of installation.

Foamed plastic insulation to benefit from new standards

Demand for foamed plastic insulation, which made up the second largest share of the market in 2014, is forecast to grow to $4.6 billion by 2019. Foamed plastics have historically been used more extensively in the nonresidential market, as their high R-value makes them desirable to many builders and designers. However, code changes that call for houses to be better sealed to prevent air leaks -- a major focus of the 2012 IECC -- will boost demand for foamed plastic insulation despite its higher cost, as it is well suited for sealing between walls and in hard-to-reach-areas, such as crawl spaces.

Company Profiles

Profiles 35 US industry players such as Owens Corning, Johns Manville (Berkshire Hathaway), CertainTeed (Saint-Gobain), Dow Chemical & Atlas Roofing (Hood Industries)

Additional Information

This comprehensive study examines the US insulation industry by product, market, and region. Insulation materials covered by the study include fiberglass, foamed plastics (e.g., rigid urethanes and polystyrenes), reflective insulation and radiant barriers, mineral wool, cellulose, and other insulation materials (e.g., perlite, vermiculite, and foamed glass).

Historical data are provided for 2004, 2009, and 2014 with forecasts for the years 2019 and 2024. Data are presented in millions of US dollars, millions of pounds, and billions of square feet of R-1 value. “Demand” is defined as production plus imports minus exports, and is synonymous with terms such as “sales” and “consumption.” Demand by weight is analyzed by product form (e.g., blankets, boards, and loose fill) for each material. Demand in end-use markets (residential and nonresidential construction, industrial and HVAC equipment, and other) is examined by units of insulating value (square feet of R-1 value). For the purposes of this study, insulation products that are incorporated into other building products (e.g., insulated vinyl siding, insulated metal doors) are counted in the market in which the building product is used.

Insulation to 2019

Table of Contents

Introduction XI

I. Executive Summary 1

II. Market Environment 4
General 4
Macroeconomic Outlook 5
Demographic Trends 10
Consumer Trends 13
Consumer Spending 14
Consumer Financing 16
Building Construction 19
Residential Buildings 22
Housing Starts 24
Housing Stock 29
Improvements & Repairs 30
Nonresidential Buildings 32
New 32
Improvements & Repairs 34
Manufacturing Outlook 36
Pricing 40
Historical Market Trends 42
Foreign Trade 46
World Insulation Overview 48

III. Overview 51
General 51
R-Values 52
Material Variations in Thermal Resistance 53
Environmental & Regulatory Issues 55
Building Codes 56
Energy Efficiency Tax Credits 58
Green Building 60
LEED 60
Other Programs 62
Climate Change 63
Indoor Air Quality 65
Renewable Resources & Recycling 66
Health & Safety Issues 70
Foamed Plastics 70
Fiberglass 72
Vermiculite 73
Insulation Demand 74

IV. Products 77
General 77
Fiberglass 81
Materials 82
Product Forms 84
Markets 89
Residential Buildings 90
Nonresidential Buildings 92
Industrial & HVAC Equipment 93
Other Markets 94
Foamed Plastics 95
Product Forms 95
Markets 99
Resins 101
Rigid Urethane 102
Products 103
Markets 106
Polystyrene 108
Products 109
Markets 111
Other Foamed Plastics 113
Cellulose 115
Product Forms 117
Markets 119
Mineral Wool 121
Product Forms 124
Markets 127
Reflective Insulation & Radiant Barriers 129
Product Forms 132
Markets 133
Other Insulation 135
Materials 136
Vermiculite 139
All Other Materials 140
Product Forms 143
Markets 145

V. Markets 148
General 148
Demand by Market Value 149
Demand by R-1 Value 151
Residential Buildings 154
Materials 156
Dollars/R-Value Comparison 160
Applications 164
New Housing 167
Attic Reinsulation 170
Improvement & Replacement 174
Nonresidential Buildings 176
Materials 177
Dollars/R-Value Comparison 181
Applications 183
Institutional 185
Commercial 186
Office 187
Industrial 187
Other Nonresidential 188
Nonbuilding Construction 188
Industrial & HVAC Equipment 188
Materials 190
Dollars/R-Value Comparison 192
Applications 194
Industrial Equipment 195
HVAC Equipment 196
Other Insulation Markets 196
Materials 197
Applications 199

VI. Regions 202
General 202
Regional Demographic & Economic Activity 203
Population Patterns 204
Economic Outlook 207
Construction Activity 210
Housing Trends 213
Regional Insulation Demand 217
Northeast 219
New England 223
Middle Atlantic 224
Midwest 225
East North Central 228
West North Central 230
South 231
South Atlantic 234
East South Central 236
West South Central 237
West 239
Mountain 242
Pacific 244

VII. Industry Structure 246
General 246
Industry Composition 247
Market Share 251
Manufacturing & Product Development 257
Competitive Strategies 260
Marketing & Distribution 264
Acquisitions & Divestitures 267
Cooperative Agreements 269
Company Profiles 273
Advanced Fiber Technology Incorporated 274
Armacell International SA 275
Atlas Roofing, see Hood Companies BASF SE 277
Bayer AG 280
Berkshire Hathaway Incorporated 282
Boyd Corporation 287
Bridgestone Corporation 288
Carlisle Companies Incorporated 290
Carpenter Company 294
CertainTeed, see Saint-Gobain Covertech Fabricating Incorporated 295
Dow Chemical Company 297
Dryvit Systems, see RPM International Dyplast Products LLC 301
Evonik Industries AG 302
Fi-Foil Company Incorporated 303
Firestone Building Products, see Bridgestone GenFlex Roofing Systems, see Bridgestone Guardian Industries Corporation 305
Homasote Company 306
Hood Companies 308
Hunter Panels, see Carlisle Companies Industrial Insulation Group, see Berkshire Hathaway Industrial Thermo Polymers, see Armacell International Innovative Energy Incorporated 311
Innovative Insulation Incorporated 313
Insulfoam, see Carlisle Companies Johns Manville, see Berkshire Hathaway Kevothermal, see Sealed Air Kingspan Group plc 315
Knauf Gips KG 317
Louisiana-Pacific Corporation 320
Owens Corning 321
PFB Corporation 325
Pittsburgh Corning, see PPG Industries Polyair Inter Pack Incorporated 327
PPG Industries Incorporated 328
Pregis Corporation 330
Reflectix, see Sealed Air Reynolds Group Holdings Limited 331
Rmax Operating LLC 332
ROCKWOOL International A/S 334
ROXUL, see ROCKWOOL International A/S RPM International Incorporated 337
Saint-Gobain 339
Sealed Air Corporation 342
Silvercote, see Knauf Gips
Sonoco Products Company 344
Specialty Vermiculite Corporation 345
Sto SE & Company KGaA 346
Thermafiber, see Owens Corning Other Companies Mentioned in Study 348

List of Tables

Section I -- Executive Summary
Summary Table 3

Section II -- Market Environment
1 Macroeconomic Indicators 9
2 Population & Households 13
3 Personal Consumption Expenditures 16
4 Consumer Financing Environment, 2004-2014 19
5 Building Construction Expenditures 21
6 Residential Building Construction Expenditures 24
7 New Housing Indicators 28
8 Housing Stock by Type 29
9 Residential Improvement & Repair Expenditures 32
10 Nonresidential Building Construction Expenditures 34
11 Nonresidential Building Improvement & Repair Expenditures 36
12 Manufacturers’ Shipments 40
13 Average Insulation Prices 42
14 Insulation Market, 2004-2014 45
15 Insulation Foreign Trade 48

Section III -- Overview
1 Insulation R-Values by Material 55
2 Insulation Demand by Value 76

Section IV -- Products
1 Insulation Demand 80
2 Fiberglass Insulation Demand by Product Form 89
3 Fiberglass Insulation Demand by Market 90
4 Foamed Plastic Insulation Demand by Market 101
5 Foamed Plastic Insulation Demand by Resin 102
6 Rigid Urethane Foam Insulation Demand by Product 106
7 Rigid Urethane Foam Insulation Demand by Market 108
8 Polystyrene Foam Insulation Demand by Product 111
9 Polystyrene Foam Insulation Demand by Market 113
10 Other Foamed Plastic Insulation Demand by Market 115
11 Cellulose Insulation Demand by Product Form 119
12 Cellulose Insulation Demand by Market 121
13 Mineral Wool Insulation Demand by Material 124
14 Mineral Wool Insulation Demand by Product Form 127
15 Mineral Wool Insulation Demand by Market 129
16 Reflective Insulation & Radiant Barrier Demand by Type 132
17 Reflective Insulation & Radiant Barrier Demand by Market 135
18 Other Insulation Demand by Materials 137
19 Other Insulation Materials Demand by Product Form 144
20 Other Insulation Materials Demand by Market 147

Section V -- Markets
1 Insulation Demand by Market Value 150
2 Insulation Demand By R-1 Value 153
3 Residential Buildings Market for Insulation by Material 160
4 Residential Buildings Market for Insulation by Application 167
5 New Housing Applications For Insulation 170
6 Residential Attic Reinsulation Applications For Insulation 173
7 Residential Improvement & Repair Demand by Material for Insulation 176
8 Nonresidential Building Market for Insulation by Material 180
9 Nonresidential Building Market for Insulation by Application & Type 185
10 Industrial & HVAC Equipment Markets for Insulation by Material 192
11 Industrial & HVAC Insulation Markets by Application 195
12 Other Insulation Markets by Material 199
13 Other Insulation Markets by Application 201

Section VI -- Regions
1 Population by Region 207
2 Gross Domestic Product by Region 210
3 Construction Expenditures by Region 213
4 Regional Housing Indicators 216
5 Insulation Demand by Region 218
6 Northeast: Insulation Demand by Subregion & Market 222
7 Midwest: Insulation Demand by Subregion & Market 228
8 South: Insulation Demand by Subregion & Market 234
9 West Insulation Demand by Subregion & Market 242

Section VII -- Industry Structure
1 US Insulation Sales by Company, 2014 250
2 US Insulation Sales by Company, 2014 251
3 Selected Acquisitions & Divestitures 269
4 Selected Cooperative Agreements 271

List of Charts

Section II -- Market Environment
1 Year of Construction of Housing Stock, 2014 30
2 Insulation Market, 2005-2014 46

Section IV -- Products
1 Insulation Demand by Material, 2014 81

Section V -- Markets
1 Insulation Markets by Market Value, 2014 151
2 Insulation Demand by R-1 Value, 2014 154
3 Cost/R-Value Comparison of Residential Insulation Materials, 2014 163
4 Cost/R-Value Comparison of Nonresidential Insulation Materials, 2014 183
5 Cost/R-Value Comparison of Industrial & HVAC Insulation Materials, 2014 194

Section VI -- Regions
1 Insulation Demand by Region, 2014 219

Section VII -- Industry Structure
1 Insulation Market Share, 2014 253

  • Global Thin Insulation Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 87
    The global Thin Insulation market was valued at US$ 1591.4 million in 2023 and is anticipated to reach US$ 2057.8 million by 2030, witnessing a CAGR of 3.3% during The forecast period 2024-2030. North American market for Thin Insulation is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Thin Insulation is estimated to increase from $ million in 2023 to reach $ mill......
  • Global Concrete Filler Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 88
    The global Concrete Filler market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Concrete Filler is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Concrete Filler is estimated to increase from $ million in 2023 to reach $ million by 2030, at a......
  • Global High Pressure Laminate (HPL) Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 115
    Decorative laminates are laminated products primarily used as Commercially surface materials or wall paneling. It can be manufactured as either high- or low-pressure laminate, with The two processes not much different from each other except for The pressure applied in The pressing process. High Pressure Laminate (HPL) is composed of resin-impregnated Kraft paper, decorative paper face material and a clear melamine-impregnated overlay. These sheets are bonded at pressures greater than 1000 ......
  • Global Dry Mortar Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 128
    Dry mortar is dry powder or granular material made by mixing dried screening process of fine aggregate, cementitious materials, additives, fillers, etc. Most of The dry mortar products contain both mineral cementitious binder (e.g. OPC) and polymer binder (e.g. re-dispersible powder) and they are normally packed in bags after mixing in The factory. Dry mortars offer three main advantages: firstly, they reduce quality problems caused by improper mixing conditions on small job-sites; secondl......
  • Global Artificial Marble Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 133
    Engineered stone is a composite material made of crushed stone bound together by an adhesive, (most commonly polymer resin, with some newer versions using cement mix). The two common stones used in producing these products are marble and quartz. The application of these products depends on The original stone used. For engineered marbles The most common application is indoor flooring and walls, while The quartz based product is used primarily for kitchen countertops. Related materials include geo......
  • Global Luxury Vinyl Tile (LVT) Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 110
    LVT is an acronym for "luxury vinyl tile." It is a marketing term used by numerous companies to describe their vinyl flooring that is decoratively patterned to emulate The look of natural wood, granite or other types of flooring. There is no exact definition of The term, only generalities. It is not actually a separate category of tiling, simply a way of describing standard vinyl tiling that has been designed to match natural flooring. The global Luxury Vinyl Tile (LVT) market was v......
  • Global Ceramic Tiles Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 126
    Ceramic tiles are ceramic products manufactured from a mixture of clays and inorganic non-metallic materials, for all requirements in architecture, interior design and building construction. Glazed tile is The most common style in floor and wall tiles with shiny or matte finishes. For unglazed tiles, their color is The same on The face of The tile as it is on The back. Porcelain tile is a higher grade of ceramic tile, made from a finer type of clays and are fired at a higher tempera......
  • Global Fiber Reinforced Concrete (FRC) Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 134
    Fiber Reinforced Concrete (FRC) refers to cement-based composites, which is made of substratum and reinforcement materials. The substratum includes Cement paste, mortar or concrete and The reinforcement materials is composed of steel fiber, glass fiber, synthetic fiber and natural fiber, etc. Concrete fiber can control The micro cracks concrete plastic shrinkage effectively, which caused by shrinkage, temperature changes and other factors, to prevent and suppress The formation and developm......
  • Global Cork Flooring Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 106
    Made of cork, cork flooring has excellent thermal and acoustical qualities. It's beautiful, lightweight, warm to The touch, hypoallergenic, fire and insect-resistant, stable and renewable every 8-10 years. Recently, The appeal of green, or environmentally friendly, products has prompted a renewed interest in cork flooring for The home and commercial use. The global Cork Flooring market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CA......
    • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs