NEW YORK, May 29, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
US Insulation Markethttp://www.reportlinker.com/p0803077/US-Insulation-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Specialty_Contractor
US demand to grow 7.8% annually through 2016
US demand for insulation is forecast to rise 7.8 percent annually to $8.9 billion in 2016. Advances will be stimulated by a rebound in building construction expenditures from a depressed 2011 base. Further growth will be fueled by changes in building codes and continuing consumer interest in reducing energy consumption and utility bills. Homeowners and building owners will add or upgrade insulation to achieve these goals.
Residential market to post double-digit advances
The residential market will post the most rapid gains through 2016, advancing at a double-digit pace as housing starts rebound. Moreover, builders will construct homes with larger amounts of insulation to make them more desirable to potential buyers. Residential insulation demand will also be supported by the attic reinsulation and improvement and repair markets. The nation's large stock of older homes -- many of which are underinsulated -- will offer growth prospects as homeowners add insulation to attics, walls and basements to lower utility bills. Insulation demand in the nonresidential market will also see advances. Rebounding nonresidential building construction expenditures, particularly in the office and commercial segment, will promote gains. Continuing interest in environmentally friendly construction practices will boost insulation use, as building codes and "green" building standards will call for the use of more insulation to reduce energy consumption. Industrial insulation demand will be supported by rising industrial construction spending.
Fiberglass insulation to remain dominant material
Fiberglass insulation accounted for the largest share of insulation demand in 2011 with about half of the US market. Fiberglass insulation will remain the market leader in 2016, with demand rising 8.1 percent annually to $4.4 billion. Growth will be spurred by the rebound in the residential market. Fiberglass insulation remains a popular choice with builders and contractors because of its low cost, favorable insulative properties and ready availability. Demand for foamed plastic insulation, which accounted for the second largest share of the market in 2011, is expected to rise 7.3 percent per year to $3.9 billion in 2016. Advances will be driven by the rebound in building construction spending. Further growth will come from building code changes that call for structures to be better sealed against air leaks. Foamed plastics are well suited for sealing hard-to-reach areas, such as crawl spaces and between walls. While small in value terms, cellulose insulation is forecast to see the most rapid demand growth through 2016, rising over 15 percent yearly. A rebound in new housing spending -- the primary market for cellulose insulation -- will drive gains. Demand will also be boosted by consumer interest in this product type because of its perception as an environmentally friendly building material. Demand for radiant barrier and reflective insulation is forecast to rise 8.7 percent per year through 2016. The rebounding housing market will boost demand, with further gains supported by increases in industrial and nonresidential building construction spending. Growth will be concentrated in the South and West regions, as structures in those regions are more often exposed to sunlight, and thus best benefit from the use of radiant barriers and reflective insulation.
Study coverage
This upcoming industry study presents historical demand data (2001, 2006 and 2011) plus forecasts for 2016 and 2021 by product, market, and region of the US. The study also considers market environment factors, evaluates company market share and profiles 35 industry players.
TABLE OF CONTENTS INTRODUCTION xi I. EXECUTIVE SUMMARY 1 II. MARKET ENVIRONMENT 4General 4Macroeconomic Environment 5Demographic Outlook 9Consumer Trends 13Personal Income & Expenditures 13Consumer Financing 16Building Construction 19Residential Buildings 22Housing Starts 25Housing Stock 28Improvements & Repairs 32Nonresidential Buildings 34New 34Improvements & Repairs 37Manufacturing Outlook 38Pricing 42Historical Market Overview 46Foreign Trade 50World Insulation Overview 52
III. OVERVIEW 54
General 54R-Values 55Material Variations in Thermal Resistance 56Environmental & Regulatory Issues 58Energy Efficiency Considerations 59Green Building Considerations 61Climate Change Issues 63Indoor Air Quality Issues 65Renewable Resources & Recycling Considerations 66Materials-Based Considerations 69Insulation Demand 72
IV. PRODUCTS 74
General 74Fiberglass 77Materials 78Product Forms 80Markets 84Residential Buildings 85Nonresidential Buildings 86Industrial & HVAC Equipment 88Other Markets 89Foamed Plastics 89Product Forms 90Markets 93Resins 95Rigid Urethane 96Products 97Markets 99Polystyrene 101Products 102Markets 103Other Foamed Plastics 106Cellulose 107Product Forms 109Markets 111Mineral Wool 112Product Forms 115Markets 117Reflective Insulation & Radiant Barriers 119Product Forms 122Markets 123Other Insulation 125Materials 126Perlite 127Vermiculite 129All Other Materials 130Product Forms 132Markets 134
V. MARKETS 137
General 137Demand by Market Value 138Demand by R-1 Value 140Residential Buildings 142Materials 143Dollars/R-Value Comparison 146Applications 149New Housing 152Attic Reinsulation 155Improvement & Replacement 157Nonresidential Buildings 160Materials 161Dollars/R-Value Comparison 164Applications 166Institutional 168Commercial 169Office 170Industrial 170Other Nonresidential 170Nonbuilding Construction 171Industrial & HVAC Equipment 171Materials 172Dollar/R-Value Comparison 174Applications 176Industrial Equipment 177HVAC Equipment 178Suppliers 178Other Insulation Markets 179Materials 179Applications 181
VI. REGIONS 184
General 184Regional Demographic & Economic Activity 185Population Patterns 186Economic Outlook 188Construction Activity 191Housing Trends 193Regional Insulation Demand 196Northeast 198New England 201Middle Atlantic 202Midwest 203East North Central 206West North Central 207South 208South Atlantic 211East South Central 213West South Central 214West 215Mountain 218Pacific 220
VII. INDUSTRY STRUCTURE 222
General 222Industry Composition 223Market Share 227Manufacturing & Product Development 232Competitive Strategies 235Marketing & Distribution 238Acquisitions & Divestitures 241Cooperative Agreements 242Company Profiles 244Armacell International Holding GmbH 245Atlas Roofing, see Hood CompaniesBASF SE 247Bayer AG 251Berkshire Hathaway Incorporated 253Bridgestone Corporation 258Carlisle Companies Incorporated 260Carpenter Company 264CertainTeed, see Saint-GobainCovertech Fabricating Incorporated 265Dow Chemical Company 268Dryvit Systems, see RPM InternationalDyplast Products LLC 273Evonik Industries AG 275Fi-Foil Company Incorporated 277Firestone Building Products, see BridgestoneGrace (WR) & Company 279Guardian Industries Corporation 280Homasote Company 282Hood Companies 284Hunter Panels, see Carlisle CompaniesIndustrial Insulation Group, see Berkshire HathawayInnovative Energy Incorporated 286Innovative Insulation Incorporated 288Insulation Solutions Incorporated 289Insulfoam, see Carlisle CompaniesJohns Manville, see Berkshire HathawayKnauf Gips KG 291Louisiana-Pacific Corporation 294Materis Holding Luxembourg SA 296Owens Corning 298Pactiv, see Reynolds Group HoldingsParex USA, see Materis Holding LuxembourgPittsburgh Corning, see PPG IndustriesPolyair Inter Pack Incorporated 303PPG Industries Incorporated 304Pregis Corporation 306Premier Building Systems, see Carlisle CompaniesReflectix, see Sealed AirReynolds Group Holdings Limited 308Rmax Incorporated 310Rockwool International A/S 312Roxul, see Rockwool International A/SRPM International Incorporated 316Saint-Gobain 317Sealed Air Corporation 321Sonoco Products Company 323Sto AG 324Tegrant, see Sonoco ProductsThermafiber Incorporated 326ThermoSafe Brands, see Sonoco ProductsUS GreenFiber, see Louisiana-PacificAdditional Companies Mentioned in Study 328
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY Summary Table 3 SECTION II -- MARKET ENVIRONMENT2 Population & Households 12
3 Personal Consumption Expenditures 15
4 Consumer Financing Environment, 2001-2011 19
5 Building Construction Expenditures 22
6 Residential Building Construction Expenditures 24
7 Housing Starts 28
8 Housing Stock by Type 31
9 Residential Improvement & Repair Expenditures 34
10 Nonresidential Building Construction Expenditures 37
11 Nonresidential Building Improvement & Repair Expenditures 38
12 Manufacturers' Shipments 42
13 Average Insulation Prices 46
14 Insulation Market, 2001-2011 49
15 Insulation Foreign Trade 52
SECTION III -- OVERVIEW2 Insulation Demand by Value 73
SECTION IV -- PRODUCTS2 Fiberglass Insulation Demand by Product Form 84
3 Fiberglass Insulation Demand by Market 85
4 Foamed Plastic Insulation Demand by Market 95
5 Foamed Plastic Insulation Demand by Resin 96
6 Rigid Urethane Foam Insulation Demand by Product 99
7 Rigid Urethane Foam Insulation Demand by Market 101
8 Polystyrene Foam Insulation Demand by Product 103
9 Polystyrene Foam Insulation Demand by Market 105
10 Other Foamed Plastic Insulation Demand by Market 107
11 Cellulose Insulation Demand by Product Form 111
12 Cellulose Insulation Demand by Market 112
13 Mineral Wool Insulation Demand by Material 115
14 Mineral Wool Insulation Demand by Product Form 117
15 Mineral Wool Insulation Demand by Market 119
16 Reflective Insulation & Radiant Barrier Demand by Type 122
17 Reflective Insulation & Radiant Barrier Demand by Market 125
18 Other Insulation Materials Demand by Material 127
19 Other Insulation Materials Demand by Product Form 134
20 Other Insulation Materials Demand by Market 136
SECTION V -- MARKETS2 Insulation Markets by R-1 Value 141
3 Residential Market Insulation Demand by Material 146
4 Residential Buildings Market for Insulation by Application 152
5 New Housing Insulation Demand by Material 154
6 Residential Attic Reinsulation Demand by Material 157
7 Residential Improvement & Replacement Applications for
Insulation by Material 159
8 Nonresidential Buildings Insulation Demand by Material 163
9 Nonresidential Buildings Insulation Demand
by Application & Type 168
10 Industrial & HVAC Equipment Market
for Insulation by Material 174
11 Industrial & HVAC Insulation Markets by Application 177
12 Other Insulation Markets Demand by Material 181
13 Other Insulation Markets Demand by Application 183
SECTION VI -- REGIONS2 Gross Domestic Product by Region 191
3 Construction Expenditures by Region 193
4 Regional Housing Indicators 196
5 Insulation Demand by Region 197
6 Northeast Insulation Demand by Subregion & Market 201
7 Midwest Insulation Demand by Subregion & Market 206
8 South Insulation Demand by Subregion & Market 211
9 West Insulation Demand by Subregion & Market 218
SECTION VII -- INDUSTRY STRUCTURE2 Selected Cooperative Agreements 243
LIST OF CHARTS SECTION II -- MARKET ENVIRONMENT2 Insulation Market, 2002-2011 50
SECTION IV -- PRODUCTS
1 Insulation Demand by Material, 2011 77
SECTION V -- MARKETS
1 Insulation Markets by Dollar Value, 2011 139
2 Insulation Markets by R-1 Value, 2011 142
3 Cost/R-Value Comparison
of Residential Insulation Materials, 2011 149
4 Cost/R-Value Comparison
of Nonresidential Insulation Materials, 2011 166
5 Cost/R-Value Comparison
of Industrial & HVAC Insulation Materials, 2011 176
SECTION VI -- REGIONS
1 Insulation Demand by Region, 2011 198
SECTION VII -- INDUSTRY STRUCTURE
1 Insulation Market Share by Company, 2011 229
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Nicolas Bombourg
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