Report Buyer: World Insulation Market to grow 5% annually to 2016

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Building construction industry to be main driver of demand

Report Buyer

According to the new report World Insulation Industry forecasts for 2016 & 2021 available at Reportbuyer.com, global insulation consumption is forecast to rise more than 5% annually to approximately 29 billion square meters of R-1 value in 2016, a substantial acceleration from the 2006-2011 rate.

In developing countries, insulation demand is expected to expand at a healthy pace due to rising building construction and industrial activity as well as growing per capita incomes that will lead to the adoption of modern building techniques and materials, including insulation.

In most developed countries, insulation sales are expected to rebound after falling in 2008 and 2009 due to housing market collapses in several countries. In addition, governments will adopt new regulations concerning building insulation in an effort to reduce energy consumption, further boosting demand.

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Joe Walsh
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