U.S. Insulation Market to Hit $10.4 Billion in 2019 - Global Insulation Industry 2020 Forecasts in New Research Reports

PUNE, India, September 28, 2015 /PRNewswire/ --

Market research reports titled Insulation to 2019 (focused on US) and Global Insulation Industry Report 2015 are the latest addition to manufacturing and construction business intelligence collection of ReportsnReports.com.

Complete report on US insulation market spread across 353 pages, profiling 35 insulation companies and supported with 64 tables and 10 charts is now available at http://www.reportsnreports.com/reports/426155-insulation-to-2019.html .

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.

The residential insulation 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 market 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.

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 insulation market with higher R-values.

Fiberglass insulation accounted for the largest share of insulation market demand in 2014 with 48% of the market by value. Through 2019, fiberglass will remain the insulation 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 insulative properties, and ease of installation.

Demand for foamed plastic insulation, which made up the second largest share of the insulation 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.

This 2015 - 2019 US insulation market report profiles 35 US industry players including Owens Corning, Johns Manville (Berkshire Hathaway), CertainTeed (Saint-Gobain), Dow Chemical, Atlas Roofing (Hood Industries), Advanced Fiber Technology Incorporated, Armacell International SA, Bayer AG, Boyd Corporation, Bridgestone Corporation, Carlisle Companies Incorporated, Carpenter Company, RPM International Dyplast Products LLC, Evonik Industries, Fi-Foil Company Incorporated, Homasote Company, Innovative Insulation Incorporated and others. Order a copy of Insulation to 2019 market research report for US at http://www.reportsnreports.com/Purchase.aspx?name=426155 .

The second research titled Global Insulation Industry Report 2015 is spread across 243 pages, profiles 20+ companies and is supported with 260 tables and figures. This insulation market research provides information on industry overview, manufacturing cost structure analysis of insulation, technical data and manufacturing plants analysis, production analysis of insulation by regions, by technology and by applications, sales and revenue analysis of insulation by regions, analysis of insulation production, supply, sales and market status for 2010-2015, analysis of key manufacturers, price and gross margin analysis, marketing trader or distributor analysis of insulation, development trends of insulation industry for 2015-2020, industry chain suppliers of insulation with contact information, new project investment feasibility analysis of insulation and conclusion of the report. Companies profiled in this insulation market report include BASF, Huntsman, Knauf Insulation Group, Owens Corning, Recticel, Bayer, Dow, Byucksan, Carlisle Insulation, CSR, Dalian Rockwool, Fletcher Building, GAF Materials, Johns-Manville, Kingspan Group, Nova Chemicals, Paroc Group, Saint-Gobain, Hebei Renqiu Jinglian Group, Ningbo Firewheel Thermal Insulation & Sealing, Tengzhou City Huahai New Thermal Insulation Material and Xtratherm. Complete report is available at http://www.reportsnreports.com/reports/409819-global-insulation-industry-report-2015.html .

Explore more reports on manufacturing and construction market at http://www.reportsnreports.com/market-research/manufacturing/ .

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