Global Fiberglass Insulation Demand to Grow 3.4% Annually Through 2022

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Mar 27, 2019, 10:28 ET

CLEVELAND, March 27, 2019 /PRNewswire/ -- Fiberglass accounted for the second largest share of insulation in 2017. While fiberglass is employed in construction and industrial applications throughout the world, it is most popular in North America, especially in the US, which is the largest market for the material. These and other trends are presented in Global Insulation, a new study from The Freedonia Group, a Cleveland-based industry research firm.

More information about this study is here: https://www.freedoniagroup.com/industry-study/global-insulation-3681.htm

Through 2022, global demand for fiberglass insulation is expected to increase 3.4% per year. Gains will be driven by:

healthy increases in residential demand in North America, as the region is the most intensive user of fiberglass insulation products
its low cost relative to foamed plastic on a per kilogram basis
fiberglass's superior resistance to mold, moisture, and insect damage
global increases in housing starts, as the material is most commonly used in residential applications
efforts by homeowners to increase the energy efficiency of their homes as fiberglass insulation offers a low-cost, high R-value solution

Global demand for all types of insulation is forecast to rise 4.3% per year to $55.2 billion in 2022, supported by advances in nonresidential building construction – particularly in the Asia/Pacific region – and increases in single-family housing construction.

Global Insulation (published 11/2018, 388 pages) is available for $6600 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/World-Insulation.html

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
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SOURCE The Freedonia Group