China insulation market growing 9.4 percent annually

Published: January 21, 2013 12:03 pm ET
Updated: January 21, 2013 12:05 pm ET

Related to this story

Topics Building/construction, Construction

CLEVELAND -- Demand for insulation materials in China is projected to grow 9.4 percent annually through 2016, to $10.56 billion, driven by continued expanding construction and manufacturing.

According to a new report from Cleveland-based Freedonia Group Inc., foamed plastics will continue to dominate the Chinese insulation market, accounting for more than four-fifths of demand (by value) in 2016. Foamed plastics' high insulating value, moisture resistance, and ease of installation will continue to support demand gains going forward.

Generally, "further growth will be spurred by changes in building codes to reduce energy consumption in building applications as well as efforts to reduce energy use in manufacturing processes," the report said.

Demand for insulation in the industrial and HVAC (heating, ventilation and air-conditioning) equipment market will rise 8.4 percent annually through 2016. Efforts to reduce energy consumption and costs in these applications will spur growth in this market.

The 209-page report costs $5,400.


Comments

China insulation market growing 9.4 percent annually

Published: January 21, 2013 12:03 pm ET
Updated: January 21, 2013 12:05 pm ET

Post Your Comments


Back to story


More stories

Image

Engineered Profiles investing $3.7 million for new equipment, staff

December 24, 2014 10:28 am ET

Columbus, Ohio's Engineered Profiles LLC has announced it will spend $3.7 million over the next three years to upgrade its machinery and hire new...    More

Image

Duro-Last's large new extruder brings more under its own roof

December 22, 2014 3:24 pm ET

Roofing systems maker Duro-Last Inc. says it installed a one-of-a-kind extruder at its facility in Buena Vista Township, Mich., that is 5-stories...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events