Global Insulation (Fiberglass, Plastic Foam, Mineral Wool and Others) Market Residential Construction, Industrial Trends and Forecast 2014 – 2020

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The global insulation market will expand at an 8.0% CAGR during the forecast period. The global insulation market was valued at US$37.87 billion in 2013 and is estimated to reach a total value of US$64.91 billion in 2020.

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Product-wise, the global market for insulation is broadly segmented into fiberglass, plastic foam, mineral wool, and others. Fiberglass held the lion’s share of the demand in the worldwide insulation market with 42% in 2013. Alternatively, other insulation materials such as plastic foam experienced a decline in demand in the past few years due the fluctuating prices of raw materials, particularly crude oil.
Geographically, distinctive trends can be seen in the developed and developing regions.

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According to the latest predictions, the global population will exceed 7.5 billion by 2008. Population growth and urbanization is driving the insulation market in emerging regions. Asia Pacific accounts for the majority of the population in the world, with Africa and Middle East demonstrating high population growth rate. In these regions, the demand for both commercial and residential building and associated infrastructure and services is growing at a rapid pace which will fuel their domestic insulation market.
On the other hand, sustainability is the major driving force behind the insulation market in developed regions of North America and Europe. Sustainability is behind the development of new insulation technologies. However, developing sustainable insulating materials is challenging as they have to offer a degree of sustainability against competing materials in cradle to grave life-cycle analyses.


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