Increasing Focus on Energy Efficiency Drives the Global Market for Glass Wool Insulation, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on the Glass Wool Insulation markets. Global market for Glass Wool Insulation is projected to reach 4.5 million tons by the year 2018, driven by growing demand for energy efficiency, favorable government policies encouraging the use of insulation, and increasing demand from emerging countries.

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Glass Wool Insulation: A Global Strategic Business Report

San Jose, California (PRWEB) February 01, 2013

Follow us on LinkedIn – Glass wool insulation is one of the most widely used types of insulation in the world. Preference for glass wool as an insulation material in select applications can be primarily attributed to its light weight, high resilience and superior tensile strength, in addition to its acoustic and thermal insulation properties. Following a drastic decline in revenue growth during 2008 and 2009, the market for insulation in most countries is currently staging a recovery driven by favorable gains in building construction spending. Growth in the developed markets would be primarily driven by the implementation of more stringent regulations pertaining to building energy requirements in developed regions, especially the US and Western Europe.

The overall market however, registered a slowdown in 2012, primarily attributed to the fact that both global construction activity and overall economy remained flat during the year. In North America, the insulation market registered favorable gains following the resurgence in housing metrics. In contrast, Western Europe was affected by the fall in residential construction due to the ongoing Eurozone crisis and the lingering effects of the recent recession. Future growth in the market would largely depend on sustaining the momentum in insulation fundamentals including housing starts and consumer confidence in major economies. While continued monetary accommodation and gradual easing in financial conditions should allow global economic activity to accelerate, economic growth is expected to remain at sub-par levels for the next couple of years. Further improvement in global financial conditions will depend in part on the policies adopted by European policy makers to support the economy and ease financial conditions in the euro area.

As stated by the new market research report on Glass Wool Insulation, the US represents the largest market worldwide, followed by Europe. Currently, the recovery in demand for glass wool insulation in the US remains modest. The implementation of stringent energy requirements for new buildings has in part countered the decline in the overall construction sector in recent years. However, the market is expected to pick up momentum in the coming years with the housing construction sector and energy-efficiency code adoption pitching in the maximum. The 2012 International Energy Conservation Code (IECC) is expected to drive the demand for insulation products with the adoption of increased R-values and expanded requirements for insulation in the US. Additionally, builders are expected to utilize large amounts of insulation material per unit built area to make the houses more appealing to prospective buyers. Legislations in Europe are also expected to offer significant growth opportunities for glass wool insulation in the region’s construction markets. Adoption of stringent EPBD directive focused on reducing CO2 emissions and bringing down the consumption of energy in buildings is expected to drive the demand for insulation products in the EU.

In the developing countries, particularly Russia, China, Indonesia, and India, demand for glass wool insulation is expected to remain robust. In fact, demand for glass wool insulation in these countries has been growing continuously over the past few years. Major factors contributing towards higher demand for glass wool insulation in these countries include implementation of new building regulation standards and strong growth in non-residential as well as residential building construction, appliance shipments and process manufacturing. Of late, Chinese insulation market has been witnessing growth, primarily driven by increasing manufacturing activity and rise in expenditures pertaining to building construction. The growth can also be attributed to the Chinese government’s efforts to enhance the energy efficiency in processes associated with manufacturing, as well as air conditioning and heating systems-related climate control in buildings.

Global glass fiber market is characterized by high degree of consolidation with the six leading players accounting for about 70% of the industry’s output. Major players profiled in the report include Arabian Fiberglass Insulation Company Ltd., CSR Limited, Fletcher Insulation, Guardian Industries, Knauf GmbH, Kuwait Insulating Material Manufacturing Co., Owens Corning, Saint-Gobain, Superglass Ltd., Uralita Group, and URSA Insulation.

The research report titled “Glass Wool Insulation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for global Glass Wool Insulation market for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East, and Latin America. Key end-use industries analyzed include Housing Construction, Commercial/Industrial/Infrastructural Construction, Industrial/Commercial Equipment, and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Glass_Wool_Insulation_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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