This industry study analyzes the $9.7 billion U.S. insulation market, presenting historical demand data (2010, 2015 and 2020) and forecasts (2025 and 2030) by product (foamed plastic, fiberglass, mineral wool, cellulose, reflective insulation & reflective barriers, and other insulation materials) and market.
Demand for insulation in the U.S. is forecast to increase 1.9 percent annually to 10.4 billion pounds in 2025 from a high 2020 base, which resulted from an increase in home renovation and new home construction during the pandemic. While demand will expand more quickly in value terms - boosted by price increases for key raw materials such as plastic and mineral wool - moderating residential building construction beginning in 2022 will dampen the outlook.