June 4, 2013: Global Insulation Market Predicted to Grow
Construction Industry in Asia, Re-Insulation in the U.S. and Europe Drive Demand
A growing need to conserve energy has resulted in increasing demand for insulation in homes and offices. Demand for insulation in factories is also expected to increase. However, volatile raw material prices and environmental concerns regarding the use of insulation act as deterrents to this market, and the foamed plastic insulation industry in particular is exposed to these challenges.
New environmentally friendly alternatives, such as cotton wool insulation and aerogel insulation, have been conceptualized and are in the process of gradual commercialization.
Publication date: 6/3/2013