NEW YORK, Dec. 21 /PRNewswire/ -- Continued growth in the construction
and home improvement industries coupled with increased energy costs is
steadily driving the thermal insulation market well beyond its $7.2 billion
value in 2005. Increased demand helped the 2005 thermal insulation supply
grow by 7% over 2004, a rate that will drop to just below 5% CAGR through
2010 when the value of shipments for insulation will reach an estimated
$9.5 billion, according to Thermal Insulation Market in the U.S., the
latest market research from SBI.
Industry growth was driven primarily by increased mineral wool shipment
values, which accounted for 76% of the value of 2005 thermal insulation
shipments. SBI projects that the mineral wool market supply will continue
to excel, driven by demand for fiberglass insulation, an inexpensive,
easy-to- install option with a stable R-value. Additionally, the report
finds that growth in the plastic foam sector will continue to be driven by
the polyurethane foam insulation material segment, which is widely used in
the growing cold storage construction industry.
Manufacturers, ever mindful of growing national concerns about energy
over-consumption and high energy prices, have stepped up production of
environmentally friendly and recycled products while introducing some high-
tech innovative and cost-effective products that could revolutionize both
the professional and do-it-yourself insulation markets.
"Mold-free insulation for roofs, nanotechnology-based thermal
insulation coatings that inhibit mold without poisonous moldicides, and
thermal concrete insulation are just a few of the innovations that are
creating excitement in this flourishing industry," notes Tatjana Meerman,
Managing Editor of SBI. "Spurred by tax credits and incentives for both
users and manufacturers, the industry's forward thinking and promotional
efforts are clearly paying off and should bode well for future growth
Containing comprehensive data on U.S. shipments, imports and exports,
end- use markets, purchaser demographics, and the competitive environment,
Thermal Insulation Market in the U.S. identifies key issues, regulations,
and trends affecting the marketplace, and profiles major marketers along
with manufacturer and retailer strategies. Priced at $1,995, this report is
available from SBI by clicking: https://www.sbireports.com/Thermal-
Insulation-1209600. It is also available at MarketResearch.com.
About Specialists in Business Information
SBI, a division of MarketResearch.com, publishes research reports in
the industrial, construction, materials, and consumer goods markets. For
more information visit http://www.sbireports.com, or contact Tom Ehart at
240-747- 3014, or firstname.lastname@example.org.