5% Annual Growth Projected for World Insulation Market

A study just published by the Freedonia Group estimates that global demand for insulation will increase at the rate of 5% for the next 4 years to nearly 25 billion square meters of R value by the end of 2018. Expressed in terms of monetary value, the worldwide insulation market will top out during that period at $50 billion.

The Asia/Pacific region will post the fastest-growing demand for insulation, supported by rising industrial output and increases in building construction. More than half of new insulation demand will originate in Asia, with China, India and Indonesia all posting significant growth.