World Insulation
This study analyzes the global market for thermal and acoustical insulation products. Products covered include man-made vitreous fiber insulation (fiberglass and mineral wool), foamed plastics insulation (e.g., polyurethane and polystyrene) and other insulation materials (e.g., cellulose, perlite and vermiculite). Radiant barrier products are excluded from the scope of the report.
INTRODUCTION xiv
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 5
Macroeconomic Outlook 8
World Demographic Overview 11
Urban Population Outlook 13
World Fixed Investment Overview 15
World Building Construction Outlook 17
Residential Building 19
Nonresidential Building 21
World Refrigerator & Freezer Trends 23
Material Variations in Thermal Resistance & R-Values 25
Regulatory, Health & Environmental Considerations 30
Environmental Considerations 30
Health Considerations 32
Energy-Based Considerations 33
Recycling 34
Green Labeling 37
III. OVERVIEW 39
General 39
World Insulation Outlook 40
Regional Demand by Insulating Capacity (R-1 Value) 41
Relationship to Capital Investment 45
Regional Demand by Dollar Value 48
World Insulation Trade Flows 51
Insulation Production by Region 54
IV. MATERIALS & MARKETS 56
General 56
Insulation Demand by Material 57
Foamed Plastics 61
Dollar-Value Trends 64
Weight & Market Trends 65
Fiberglass 68
Dollar-Value Trends 69
Weight & Market Trends 71
Mineral Wool 73
Dollar-Value Trends 74
Weight & Market Trends 76
Other Insulation Materials 79
Dollar-Value Trends 82
Weight & Market Trends 83
Insulation Demand by Market 85
Construction 87
Industrial, HVAC & OEM 88
V. NORTH AMERICA 90
General 90
Insulation Supply & Demand 92
Demand by Country 95
Producers 95
United States 96
Canada 100
Mexico 105
VI. WESTERN EUROPE 109
General 109
Insulation Supply & Demand 111
Demand by Country 115
Producers 118
Germany 118
France 123
Italy 128
United Kingdom 133
Spain 138
The Netherlands 143
Other Western Europe 148
Austria 153
Switzerland 154
Ireland 154
Sweden 155
Belgium 156
Denmark 156
Greece 157
Finland 157
Norway 157
Portugal 158
All Other Western Europe 158
VII. ASIA/PACIFIC 160
General 160
Insulation Supply & Demand 163
Demand by Country 166
Producers 169
China 169
Japan 175
India 180
South Korea 185
Australia 189
Indonesia 195
Taiwan 199
Thailand 203
Other Asia/Pacific 207
Philippines 211
Malaysia 211
New Zealand 212
Vietnam 212
All Other Asia/Pacific 212
VIII. OTHER REGIONS 214
General 214
Insulation Supply & Demand 217
Latin America 219
Macroeconomic Environment 219
Insulation Supply & Demand 222
Producers 224
Brazil 224
Argentina 229
Other Latin America 234
Colombia 238
Chile 239
Venezuela 239
Peru 239
All Other Latin America 239
Eastern Europe 240
Macroeconomic Environment 240
Insulation Supply & Demand 242
Producers 244
Russia 245
Poland 251
Other Eastern Europe 256
Ukraine 261
Czech Republic 262
Hungary 263
Romania 264
All Other Eastern Europe 264
Africa/Mideast 265
Macroeconomic Environment 265
Insulation Supply & Demand 267
Producers 269
Turkey 269
Other Africa/Mideast 274
South Africa 277
Iran 278
All Other Africa/Mideast 278
IX. INDUSTRY STRUCTURE 280
General 280
Industry Composition 281
Market Share 285
Industry Leaders 287
Saint-Gobain 288
Owens Corning 288
Rockwool International 289
Johns Manville 289
Knauf Gips 290
Other Key Producers 290
Product Developing & Manufacturing 290
Competitive Strategies 292
Marketing & Distribution 293
Mergers & Acquisitions 294
Cooperative Agreements 298
Company Profiles 304
Aislantes Minerales SA de CV 306
Armacell International GmbH 307
Asahi Glass Company Limited 309
Atlas Roofing Corporation, see Hood Companies
BASF AG 310
Bayer AG 314
Berkshire Hathaway Incorporated 317
BPB plc, see Saint-Gobain
Bridgestone Corporation 322
British Gypsum-Isover Limited, see Saint-Gobain
Byucksan Corporation 324
CertainTeed Corporation, see Saint-Gobain
CRH plc 325
CSR Limited 327
Dow Chemical Company 329
Falcon Foam, see Hood Companies
Finetec Corporation 333
Firestone Building Products Company, see Bridgestone Corporation
Fletcher Building Limited 334
Fletcher Insulation NSW Pty Limited, see Fletcher Building Limited
Forman Group Limited, see Fletcher Building Limited
Heraklith AG, see Knauf Gips KG
Hood Companies 336
Huntsman Corporation 338
IIG Thermal Insulation Shanghai Company Limited, see Berkshire Hathaway Incorporated
Industria de Conglomerados y Aislantes SAIC 341
Industrial Insulation Group LLC, see Berkshire Hathaway Incorporated
Insulation Solutions Pty Limited, see Fletcher Building
Italmobiliare SpA 342
Izocam Ticaret Ve Sanayi AS, see Saint-Gobain
Izomat as, see Knauf Gips KG
Johns Manville Corporation, see Berkshire Hathaway Incorporated
KCC Corporation 343
Kingspan Group plc 344
Kingspan Tarec Industrial Insulation Limited, see Kingspan Group plc and Recticel SA
Knauf Gips KG 346
Koc Holding AS 350
NICHIAS Corporation 351
Ningbo Firewheel Thermal Insulation & Sealing Company Limited 352
Nippon Rockwool Corporation, see NICHIAS Corporation
Nitto Boseki Company Limited 353
Norisol A/S 354
Owens Corning 355
Paroc Group Oy AB 360
Recticel SA 362
RHI AG 364
Rockfibras do Brasil Industria e Comercio Limitada 364
Rockwool International A/S 365
Roxul Incorporated, see Rockwool International A/S
Sagex, see Owens Corning
Saint-Gobain 368
Shanghai Lianheng Isocyanate Company Limited,
see BASF AG and Huntsman Corporation
Siam Cement Public Company Limited 374
Siam Fiberglass Company Limited, see Siam Cement Public Company Limited
Sirap Gema Insulation Systems SpA, see Italmobiliare SpA
Springvale EPS Limited, see CRH plc
Sto AG 376
Swisspor Management AG 377
Tasman Insulation New Zealand Limited, see Fletcher
Building Limited
Thermafiber Incorporated 379
Union Lesni Brana as 380
Uralita SA 381
Ursa Insulation SA, see Uralita SA
ZAO Huntsman-NMG, see Huntsman Corporation
Additional Companies Mentioned in Study 383
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 11
2 World Population by Region 13
3 World Urban Population by Region 14
4 World Fixed Capital Investment by Region 17
5 World Building Construction Expenditures by Region 19
6 Residential Building Construction Expenditures 21
7 Nonresidential Building Construction Expenditures 23
8 World Refrigerator & Freezer Shipments by Region 25
9 Insulation R-Values by Material 29
SECTION III -- OVERVIEW
1 World Insulation Demand by Volume 44
2 World Insulation Demand by Value 50
3 World Insulation Trade Flows 54
4 World Insulation Production by Region 55
SECTION IV -- MATERIALS & MARKETS
1 World Insulation Demand by Material 60
2 Foamed Plastic Insulation Demand by Region in Dollars 65
3 Foamed Plastic Insulation Demand by Region & Market in Metric Tons 67
4 Fiberglass Insulation Demand by Region in Dollars 71
5 Fiberglass Insulation Demand by Region & Market in
Metric Tons 72
6 Mineral Wool Insulation Demand by Region in Dollars 76
7 Mineral Wool Insulation Demand by Region & Market in
Metric Tons 78
8 Demand For Other Insulation Materials by Region in Dollars 83
9 Demand For Other Insulation Materials by Region & Market in
Metric Tons 84
10 World Insulation Demand by Market 87
(continued on next page)
SECTION V -- NORTH AMERICA
1 North America Macroeconomic Indicators &
Insulation Demand 92
2 North America Insulation Supply & Demand 94
3 United States Macroeconomic Indicators &
Insulation Demand 97
4 United States Insulation Supply & Demand 99
5 Canada Macroeconomic Indicators &
Insulation Demand 101
6 Canada Insulation Supply & Demand 103
7 Mexico Macroeconomic Indicators &
Insulation Demand 106
8 Mexico Insulation Supply & Demand 108
SECTION VI -- WESTERN EUROPE
1 Western Europe Macroeconomic Indicators &
Insulation Demand 111
2 Western Europe Insulation Supply & Demand 115
3 Germany Macroeconomic Indicators &
Insulation Demand 120
4 Germany Insulation Supply & Demand 122
5 France Macroeconomic Indicators &
Insulation Demand 125
6 France Insulation Supply & Demand 127
7 Italy Macroeconomic Indicators &
Insulation Demand 129
8 Italy Insulation Supply & Demand 132
9 United Kingdom Macroeconomic Indicators &
Insulation Demand 135
10 United Kingdom Insulation Supply & Demand 137
11 Spain Macroeconomic Indicators &
Insulation Demand 140
12 Spain Insulation Supply & Demand 142
13 The Netherlands Macroeconomic Indicators &
Insulation Demand 145
(continued on next page)
14 The Netherlands Insulation Supply & Demand 147
15 Other Western Europe Macroeconomic Indicators &
Insulation Demand 149
16 Other Western Europe Insulation Supply & Demand 151
17 Other Western Europe Insulation Demand by Country 153
SECTION VII -- ASIA/PACIFIC
1 Asia/Pacific Macroeconomic Indicators &
Insulation Demand 163
2 Asia/Pacific Insulation Supply & Demand 166
3 China Macroeconomic Indicators &
Insulation Demand 171
4 China Insulation Supply & Demand 174
5 Japan Macroeconomic Indicators &
Insulation Demand 177
6 Japan Insulation Supply & Demand 179
7 India Macroeconomic Indicators &
Insulation Demand 181
8 India Insulation Supply & Demand 184
9 South Korea Macroeconomic Indicators &
Insulation Demand 186
10 South Korea Insulation Supply & Demand 188
11 Australia Macroeconomic Indicators &
Insulation Demand 191
12 Australia Insulation Supply & Demand 194
13 Indonesia Macroeconomic Indicators &
Insulation Demand 197
14 Indonesia Insulation Supply & Demand 198
15 Taiwan Macroeconomic Indicators &
Insulation Demand 201
16 Taiwan Insulation Supply & Demand 202
17 Thailand Macroeconomic Indicators &
Insulation Demand 205
18 Thailand Insulation Supply & Demand 206
19 Other Asia/Pacific Macroeconomic Indicators &
Insulation Demand 208
(continued on next page)
20 Other Asia/Pacific Insulation Supply & Demand 210
21 Other Asia/Pacific Insulation Demand by Country 211
SECTION VIII -- OTHER REGIONS
1 Other Regions Macroeconomic Indicators &
Insulation Demand 216
2 Other Regions Insulation Demand 218
3 Latin America Macroeconomic Indicators &
Insulation Demand 221
4 Latin America Insulation Supply & Demand 223
5 Brazil Macroeconomic Indicators &
Insulation Demand 226
6 Brazil Insulation Supply & Demand 228
7 Argentina Macroeconomic Indicators &
Insulation Demand 231
8 Argentina Insulation Supply & Demand 233
9 Other Latin America Macroeconomic Indicators &
Insulation Demand 235
10 Other Latin America Insulation Supply & Demand 237
11 Other Latin America Insulation Demand by Country 238
12 Eastern Europe Macroeconomic Indicators &
Insulation Demand 242
13 Eastern Europe Insulation Supply & Demand 244
14 Russia Macroeconomic Indicators &
Insulation Demand 247
15 Russia Insulation Supply & Demand 249
16 Poland Macroeconomic Indicators & Insulation Demand 252
17 Poland Insulation Supply & Demand 255
18 Other Eastern Europe Macroeconomic Indicators &
Insulation Demand 258
19 Other Eastern Europe Insulation Supply & Demand 260
20 Other Eastern Europe Demand by Country 261
21 Africa/Mideast Macroeconomic Indicators &
Insulation Demand 266
22 Africa/Mideast Insulation Supply & Demand 268
(continued on next page)
23 Turkey Macroeconomic Indicators &
Insulation Demand 271
24 Turkey Insulation Supply & Demand 273
25 Other Africa/Mideast Macroeconomic Indicators &
Insulation Demand 275
26 Other Africa/Mideast Insulation Supply & Demand 276
27 Other Africa/Mideast Demand by Country 277
SECTION IX -- INDUSTRY STRUCTURE
1 Insulation Sales by Company, 2006 284
2 Selected Acquisitions & Divestitures 296
3 Selected Cooperative Agreements 300
LIST OF CHARTS
CHART NUMBER PAGE
SECTION III -- OVERVIEW
1 World Insulation Demand by Volume, 2006 45
2 Relationship Between Per Capita Insulation Demand & Per
Capita Fixed Investment, 2006 47
3 World Insulation Demand by Region, 2006 51
SECTION IV -- MATERIALS & MARKETS
1 World Insulation Demand by Material, 2006 60
2 World Foamed Plastic Insulation Demand by Region, 2006 68
3 World Fiberglass Insulation Demand by Region, 2006 73
4 World Mineral Wool Insulation Demand by Region, 2006 79
5 World Demand For Other Insulation Materials by Region, 2006 85
SECTION V -- NORTH AMERICA
1 North America Insulation Demand by Country, 2006 95
SECTION VI -- WESTERN EUROPE
1 Western Europe Insulation Market Size, 2006
With Growth Rates to 2011 117
SECTION VII -- ASIA/PACIFIC
1 Asia/Pacific Insulation Market Size, 2006
With Growth Rates to 2011 168
SECTION VIII -- OTHER REGIONS
1 Other Regions Insulation Demand by Region, 2006 219
SECTION IX -- INDUSTRY STRUCTURE
1 World Insulation Market Share by Company, 2006 287