What Are the Trends Driving the Overall Insulation Market?

The global market for thermal insulation materials added up to 37.1 million tons in 2012, worth an estimated $84.4 billion, including materials used in wall, floor, and roof applications. Market growth was just under 3% per year between 2000 and 2010, and the rate is expected to increase in the coming decade.

According to a recent article on Insulation Outlook, there are five main drivers affecting the overall world insulation market: 1) Building codes and regulations; 2) Construction of new buildings; 3) Population growth and urbanization; 4) Energy costs; and 5) Sustainability.