Mineral Wool Insulation Demand in Commercial Markets to Grow 3.4% Annually

Strong competition from foamed plastics will serve as a check on demand

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Jun 25, 2018, 01:30 ET

CLEVELAND, June 25, 2018 /PRNewswire/ -- Demand for mineral wool insulation in the commercial market is forecast to grow 3.4% annually to 366 million pounds in 2022, valued at $135 million. Mineral wool is projected to be the fastest growing insulation material type in volume and area, supported by increasingly stringent fire safety codes. Demand for mineral wool will benefit from its noise dampening properties, an important factor in improving productivity and worker safety in loud environments such as manufacturing facilities. The material can earn LEED credits, which will boost demand as interest in green building practices continues to rise. These and other trends are presented in Commercial Insulation Market in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.

More information about this study is here: https://www.freedoniagroup.com/industry-study/commercial-insulation-3636.htm

Strong competition from foamed plastics will serve as a check on demand for mineral wool, as these products continue to see rising use in commercial structures because of their ability to provide continuous air barriers, which reduce air leaks, a major focus of recent building codes.

Demand for all types of insulation in the commercial building market is forecast to increase 3.0% annually through 2022 to $3.1 billion. Gains will be supported by:

healthy growth in office, retail and lodging, and institutional structures, which use insulation intensively
concerns about reducing utility costs and minimizing energy consumption
the continued acceptance of green building codes such as LEED
increasingly stringent fire safety codes, particularly in high-rise commercial buildings, as properly insulated structures can greatly reduce the rate at which fire spreads through a building

Related studies include:
#3626 Residential Insulation Market in the US (May 2018)
#3597 Insulation Market in the US, 12th Edition (December 2017)

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products can be purchased at https://www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

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SOURCE The Freedonia Group