Global and U.S. Insulation Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
Albany, NY (PRWEB) February 13, 2015
The global insulation market was worth US$30.09 billion and US$32.46 billion in 2010 and 2011, respectively. The market’s revenue generation is estimated to grow at a CAGR of 8.3%, reaching an overall worth of US$56.68 billion by 2018.
The U.S. insulation market was valued at US$6.05 billion in 2011. After growing at a CAGR of 8% from 2012 to 2018, the market is expected to reach an estimated value of US$10.36 billion by the end of the report’s forecast period.
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All facts and figures in this release are taken directly from a research report titled “Global and U.S. Insulation Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018”. The report has been released by Transparency Market Research and consists of highly accurate market estimates based on detailed past and current market research.
The report pegs the heavy demand from the construction industries of developing nations in the Asia Pacific region as the top reason for growth in the global insulation market. This growth is also aided by a surge in re-insulation projects in North American and European countries.
Consistent appeals and protests to conserve energy have created a growing awareness about environmental problems in residential and industrial consumers alike. The resultant efforts to ease the strain on the fuel and energy sectors are largely responsible for many end user industries, homes, and enterprises employing increasingly efficient insulation methods. This is expected to further boost the global insulation market.
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By materials used, fiberglass was the largest segment in the global insulation market in 2011, with a 43% global market share. The same year also saw the U.S. insulation market correspondingly dominated by fiberglass, which had a 48.3% market share. Along with being the largest segment, fiberglass is also the fastest growing segment, expected to display a CAGR of 8.9% within the report’s forecast period.
According to the report, the second largest segment in the global insulation market is foamed plastics. This segment is expected to hold its position in the global and U.S. market during the forecast period, while growing at a steady rate.
Other Report : Industrial Fasteners Market : http://www.transparencymarketresearch.com/industrial-fasteners-market.html
By application, the largest segment in the 2011 global insulation market was residential construction. As an end user industry, the segment held nearly 50% of the market share in the U.S. On the other hand, the non-residential construction segment is predicted to grow at a CAGR of 5.4% within the forecast period.
Geographically, the report puts the Asia Pacific region as the largest consumer of insulation in the market. The region held 40% of the market share in 2011. It is also expected to be the fastest growing segment, with a CAGR of 5.4% within the forecast period.
Browse Full Segmentation & Press release : http://www.transparencymarketresearch.com/pressrelease/insulation-market.htm
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