U.S. Thermal Insulation Market Warming Up to Almost $10 Billion by 2010
December 26, 2006 Business News(PRLEAP.COM) New York, December 26, 2006 — 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 opportunities.”
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.
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