Global Insulation Market Restrained by Fluctuating Raw Material Prices

Insulation materials find their application in the residential construction,
nonresidential construction, industrial, OEM, and HVAC sectors. The
residential sector held the position of the largest application sector with a
48% market share in 2013. The industrial application sector followed
residential construction in terms of demand for insulation materials, due to
the booming manufacturing industry.
Geographically, the global insulation market is divided into North America,
Europe, Asia Pacific, and RoW. Demand for re-insulation from the developed
countries of Europe and North America will drive the global insulation market
in the next few years. Additionally, the high demand for insulation from the
OEM and HVAC sectors in Asia Pacific will fuel this regional market’s growth
during the forecast period. In 2013, Asia Pacific held a mammoth market
share of 41%.
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Besides the aforesaid factors, the global insulation market will also benefit
from increasing energy prices and building regulation codes. The popularity
of green buildings is growing among users in both developed and developing
nations, which will augment the market for environmentally beneficial
insulation.
The notable players mentioned in the report are Johns Manville, Owens
Corning, CertainTeed Corporation, Huntsman International LLC, ROCKWOOL
International A/S, The Dow Chemical Company, and Duro-Last Roofing, Inc.
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