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Learn about the World Insulation Market

Post Time:Mar 27,2009Classify:Industry NewsView:374

Reportlinker.com announces that a new market research report is available in its catalogue.

World Insulation Market

Global demand to rise 4.6% annually through 2012

World demand for insulation materials is projected to increase 4.6 percent annually to $36.6 billion in 2012. This represents a deceleration from the rapid gains posted in the 2002- 2007 time frame, reflecting decreased gains in new construction activity in most geographic markets, as both economic growth and capital investment slow. The vast majority of demand is concentrated in construction markets, with the remainder used in industrial, appliance, and heating, ventilating and air conditioning (HVAC) applications.

Foamed plastic, fiberglass to post above-average gains

Foamed plastic and fiberglass represent the most widely used insulation materials on a global level, accounting for more than three-quarters of total demand in 2007 in dollar terms. These materials will continue to post above-average gains through 2012, thus increasing their shares of the market, reflecting the higher insulation values and versatility of these products. While foamed plastics are already widely used worldwide, fiberglass demand remains highly concentrated in North America, although penetration of other geographic markets will continue to expand.

Developing regions to see most rapid gains in demand

North America and the Asia/Pacific region are the largest markets for insulation materials, accounting for nearly two-thirds of demand in 2007. At more than 20 percent of demand, Western Europe is also important. Nevertheless, other regions of the world (Latin America, Eastern Europe and Africa/Mideast) will post the most rapid gains through 2012. Other markets that hold opportunity include the United States (where demand will advance from a weak 2007 base) and China (where gains will decelerate, but will still outpace the global average). Western Europe and Japan will continue to post below-average gains.

Study coverage

This new industry study presents historical demand data (1997, 2002, 2007) plus forecasts for 2012 and 2017 by product (e.g., foamed plastics, fiberglass, mineral wool), market (e.g., residential building, nonresidential building, industrial, HVAC), world region (e.g., North America, Western Europe, Asia/Pacific) and major country. The study also considers market environment variables, evaluates company market share and profiles 36 industry participants.

Source: Reportlinker.comAuthor: shangyi

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