With a Market Size of $37.94 Billion in 2013, Compound Annual Growth Rate of 8.5 Percent Is Forecast
July 18, 2014
The global market for insulation is expected to reach $67.16 billion by 2020, according to a new study by Grand View Research. Expansion in building energy efficient homes especially in the Asia Pacific and Latin American countries coupled with growth in the global construction market is expected to remain a key driving force.
Knauf Insulation and Guardian Industries announced that a definitive acquisition agreement has been signed for Knauf Insulation to acquire Guardian Insulation. The transaction includes Guardian Fiberglass, a leading supplier of insulation products for the construction market, and Guardian Laminated Building Products.
Construction Industry in Asia, Re-Insulation in the U.S. and Europe Drive Demand
June 4, 2013
The global market for insulation was valued at $32.5 billion in 2011, and is expected to grow at a compound annual growth rate (CAGR) of 8.3 percent from 2012 to 2018, according to a report from Transparency Market Research.
Global insulation consumption is forecast to rise more than 5 percent annually to approximately 29 billion square meters of R-1 value in 2016, a substantial acceleration from the 2006-2011 rate, according to “World Insulation to 2016” from ReportsnReports.com.
Demand for residential and commercial insulation in North America is projected to increase by $1.9 billion over the next three years from, 11.1 billion square feet valued at $6.2 billion in 2011, to 13.7 billion square feet valued at $8.2 billion in 2014.