Global Insulation Demand to Reach 26 Billion Square Meters by 2020
Developing countries are expected to account for the majority of insulation demand gains
CLEVELAND — Global demand for insulation is expected to rise 3.7 percent per year to 26 billion square meters of R-1 value in 2020, according to a new study from The Freedonia Group, a Cleveland-based industry research firm.
Developing countries are expected to account for the majority of insulation demand gains, with rising building construction activity and industrial output driving growth. For example, over half of new global demand generated between 2015 and 2020 will occur in the Asia/Pacific region. China, India, and Indonesia are among that region’s developing countries expected to post solid growth in insulation demand. In high-income countries, a combination of recovery in construction activity and efforts to make existing buildings more energy efficient will boost insulation demand.