The industrial insulation market size is projected to reach $5 billion by 2027, at a CAGR of 5.4 percent from 2022. The power industry had the largest market share in 2021, followed by the oil & petrochemical segment during the forecast period.

The top economist in the cement, concrete and construction industries predicts a stronger U.S. economy during the first half of this year than was previously expected but believes there will likely be a slowdown in economic growth starting this summer.

FMI Corp. released its quarterly construction services outlook, titled “2023 M&A Outlook for Construction Services.” The outlook includes the company’s research on current trends that could affect how 2023 will look for construction services.

The thermal insulation market is expected to grow from $53.39 billion in 2022 to $72.9 billion by 2028; it is expected to grow at a CAGR of 5.3 percent from 2022 to 2028.

Construction contractors are less optimistic about many private-sector segments than they were a year ago, but their expectations for the public sector market have remained relatively bullish, according to survey results released Jan. 4 by the Associated General Contractors of America and Sage. The findings are detailed in High Hopes for Public Sector Funding Amid Workforce and Supply Chain Challenges: The 2023 Construction Hiring & Business Outlook.

Dodge Construction Network’s year-end report analyzes key trends across the industry throughout 2022 and provides industry insights into 2023.

The global building thermal insulation market will grow to $35.3 billion by 2027, a CAGR of 4.7 percent from $8 billion in 2022. The use of building thermal insulation has witnessed significant growth because of the increasing requirement for improved heating and cooling comfort and better fire resistance of building thermal insulation materials, such as glass wool, stone wool and plastic foams.

As everyone looks to the new year ahead and the trends that will define it, we’ve noticed one comprehensive theme across the interiors spectrum, that of Sophisticated Restraint.

The stucco market is evaluated by Construction Activity (New and Renovation Construction), Product (Traditional Three-coat Stucco, EIFS and Newer-one Coat Stucco), Insulation Type (Insulated Siding and Non-insulated Siding) and End Use (Residential and Nonresidential) in a report published by Allied Market Research, titled “Opportunity Analysis and Industry Forecast, 2019-2026.”

FMI Corporation, a provider of management consulting and investment banking services to engineering and construction